Budgeting Forecasting Review - Editor's Choice
#1 BudgetPak                                                                               
Review date: 04.05.2010

Description:

Like any other planning and budgeting application, BudgetPak can be used as one large what-if generator. With BudgetPak budget planning software, you immediately see the impact of changing salaries, start dates for new hires.

Screenshots

Price:

Free demo

Advanced Features:

  • Automatic financial ratios
  • Very easy from IT's perspective to install
  • Useful for all sizes of organizations
  • Provides transparent payroll budgeting
  • Eliminate spreadsheet errors
  • Reliable database ensures accurate rolls ups
  • Self-serve within a controlled environment
  • Users can opt out (or back in) at any time

Review:

Get rid of those Excel workbooks and macros you currently use for budgeting. The only plain English budgeting application that actively assists line managers in creating thoughtful budgets.
  • Integrates with your existing planning applications. More visibility for department heads which leads to better decision making.
  • Customizable financial statements and reports
  • It uses graphical interfaces to configure the application for the specific budgeting and planning needs of each company.
  • There is a server license coupled with a per user license.
  • It takes one to six weeks (not months) to implement. This includes value added consulting in best practices for budgeting
  • BudgetPak has one click export to Excel.
  • Ability to spread budget based on several easy to use methodologies.
  • Unavailable when Accounting performs maintenance.
Best of all, this software creates valid cost center budgets the first time around, saving countless hours of budget validation and rework.

#2 Budget Maestro                                                                        
Review date: 04.02.2010

Description:

This software enables you to automate the budgeting, forecasting, consolidation and reporting process and take advantage of all that a purpose-built budgeting application.

Screenshots

Price:

Free demo

Advanced Features:

  • Secure centralized database
  • Workforce Planning
  • Revenue Recognition
  • Bottom-Up Calculations
  • Debt Management
  • Top-Down Allocations
  • Statement of Cash Flows
  • Ideal for 1 to 10+ users

Review:

Synchronized and Balance Sheet and Cash Flow reporting with built-in financial and business logic.
  • Stores your data in a centralized repository built on Microsoft database technology.
  • It can easily create a budgeting plan from the bottom up<./li>
  • Integration with Capital Asset Planning.
  • Integration with Workforce Planning elements.
  • Create various scenarios based on different decisions and different cash flows.
  • Built-in Accounts Receivable and Accounts Payable schedules to use as is or tailor.
Overalll, you can conduct meaningful cash flow analysis, and make those strategic decisions confidently. Best of all, you can also forecast capital asset purchase and depreciation/amortization on a detail or aggregate level.

#3 Prophix Software                                                                    
Review date: 03.10.2010

Description:

Financial planning and budgeting lays the foundation for any effective business plan. This is why Prophix gives you advanced financial performance management abilities in a single, easy-to-use solution. Includes a system defined data entry templates.

Screenshots

Price:

From $3,000 (basic package)

Main Features:

  • Advanced antivirus with anti-spyware
  • Best proactive protection
  • Rapid pulse updates every 5 to 15 minutes
  • Rootkit detection, two way firewall
  • Defends against Web-based attacks
  • Automatic Virus Pattern Updates

Review:

As an end user, this software enables organizations to create measurable targets against their business strategies.
  • Full account structure predefined. All accounts are inputs and formulas pre-built, based off changes in summary level balance sheet.
  • Quickly create and analyze multiple planning scenarios.
  • Consolidation tasks by automating imports to run on schedule.
  • Integrated performance management application.
  • Offers the ability to test business assumptions.
  • Forecast with speed and react to market conditions.
  • Improve Collaboration Across the Entire Organization.
  • Access your data on a local area network or remotely over the Internet.
As an Administrator: easily maintain structures, such as accounts or products, using dynamic, reusable components including data views. It also allows any ODBC compliant third-party product, such as Excel, to report from the data.
#4 PlanGuru                                                                                 
Review date: 09.10.2009

Description:

This web based forecasting and budgeting solution designed for the small to medium sized business, gives you to facilitate all your corporate budgeting, planning and forecasting needs. Implements in days and offers a quick return on investment (ROI).

Screenshots

Price:

$299.95

New features such as: Automatically amortize notes payable. Handles withheld and accrued taxes.

Main Features:

  • Community support
  • Ability to import from and export to Excel
  • Intuitive spreadsheet
  • Automatic breakeven analysis
  • Training guides available
  • Ability to customize your reports

Review:

There are no limits to the number of clients you can set up in PlanGuru. However, if you wish to upgrade to a new version when it becomes available, there is an upgrade charge.
  • You can import account information, historical balances and actual results from: Excel or QuickBooks.
  • Prepare budget and forecast for up to 5 years. Add an unlimited number of non-financial items such as units sold.
  • Compute a trend based on historical data. Make line items a percentage of other lines.
  • It gives you the ability to customize your reports with a wide selection of formatting features.
Best of all, with the balance sheet and income statement you’ve had the ability to group categories together on the reports for presentation purposes.

#5 Adaptive Planning                                                                  
Review date: 09.11.2009

Description:

Designed to be used for budgeting and forecasting, thi software enables you to automate your financial planning and reporting processes within a single application. Moreover, you can control access and availability of data in detail.

Screenshots

Price:

$500.00 per year

Software Summary:

Companies can elevate their financial management by creating better connections—within financial plans.

Main Features:

  • On-demand budgeting
  • Advanced forecasting and reporting solutions
  • web-based software
  • Deploys in just days

Review:

Budgeting is slow, re-forecasting is infrequent, monthly reports lack key information are incomplete. No cost for the basic full access system.
  • Enhance collaboration with, and ownership by, business managers.
  • Improve decisions and analysis.
  • Integrate with GL & other systems.
Adaptive Planning Corporate and Enterprise Editions are available under a 1, 2 or 3 year subscription license paid in full .
In addition to that, to meet a wide range of needs, Adaptive Planning is offered in three editions: Express, Corporate and Enterprise.

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