Budget Maestro software


38 reviews(4.0/5)
38 reviews(4.0/5)

Budget Maestro by Centage offers financial institutes a comprehensive accounting solution with budgeting, forecasting, consolidation and reporting capabilities. Budget Maestro is suitable for a host of industries, including manufacturing, healthcare, wholesale/distribution, retail, business services and nonprofits.

Budget Maestro provides a centralized database so that any changes or additions to a company's data are updated automatically. The calculation engine ensures that all calculations are not only mathematically correct but follow sound accounting principles.

Budget Maestro's "financial intelligence" builds the balance sheet automatically off the P&L activities and then cash flow statements are built automatically from the balance sheet. In addition, Budget Maestro comes with 40 pre-built GAAP/IFRS-compliant reports that can be adjusted and customized for a variety of data reporting. These reports can be exported to Excel or any resident G/L system for further customization.

Budget Maestro is designed for SMBs with limited IT resources and can be used right out of the box as an on-premise or hosted solution.

Supported Operating System(s):
Windows 7 , Web browser (OS agnostic) , Windows 8 , Windows 10

38 Reviews of Budget Maestro

Showing 1 - 20 of 38

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  • Verified Reviewer

    July 2018

    Budget Maesteo really keeps my finances in order

    Ease-of-use
    Functionality
    Quality
    Support
    N/A
    Value for Money
    Pros

    I love the way this product is so easy to use and track all of my spending. I don't know what I would do without it!

    Cons

    Sometimes the report downloads are not very easy to analyze in Microsoft excel. There are times when I have to manually scrub the data to make it useable.

    This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.
    Review Source: Capterra
  • Michael from Risk Strategies Company

    Specialty: Insurance

    Number of employees: 1,001-5,000 employees

    July 2018

    Good for small companies and simple budgeting

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money
    Pros

    Simple to use, not very complicated. Has all the features needed for small companies and their budget needs.

    Cons

    Although simple to use, features are limited. They have a new web based version that should alleviate many of our limitations but we still have not had that rolled out. We were supposed to have the web based version last year but are still waiting for the roll out.
    They also are used to smaller companies and over the last few years we have grown dramatically so we have basically out grown the product.

    This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.
    Review Source
  • Mary Beth from Sanborn, Head & Associates, Inc.

    Number of employees: 51-200 employees

    May 2018

    Excellent experience. Software functions as promised - implementation team & support were great!

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money

    Ease of budgeting at a very detailed level. Provided us with a better understanding of what drives our business from a financial perspective and what the impact might be if we were to change any of those variables.

    Pros

    Ease of use and affordability. The ability to design your budget without having to pay someone to configure the software is priceless. We were also able to implement and complete our budget in less than 2 months.
    This software allows us to budget continuously using the same data while just updating it for any changes. We budget annually, and re-forecast quarterly. This tool allows us to spend more time analyzing the impacts of the various variables and much less time actually creating the budgets to review. Once it is set up to forecasts into the future and all you have to do is edit for any changes. You can also perform endless 'what if' scenarios to see how potential changes would impact your forecasts.

    Cons

    Wow! I can't really think of any cons to this software. I am sure there are some limitations but for our company this fits the bill perfectly.

    This review was submitted organically. No incentive was offered
    Review Source: Capterra
  • Tom from Allied Plastics, Inc.

    Number of employees: 201-500 employees

    May 2018

    Overall a good, easy to use product. Eliminates the need to budget in Excel.

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money

    The elimination of Excel spreadsheets. A better structure to the data collection and processing.

    Pros

    A windows based product that is easy to learn and use. Can quickly create multiple Versions within a Plan and What-if scenarios. Can quickly import actual data from our ERP system and take the actual, budget, and forecasted data into Excel for custom financial reporting and analysis.

    Cons

    The structure that is in place for customer support. We have been using BM for about 4 years. When we need support it's an urgent need, we need an answer promptly. The current structure of sending an email to get on the support staff's calendar for a call is too slow. Prefer to call, get in the cue, and get an answer immediately.

    This review was submitted organically. No incentive was offered
    Review Source: Capterra
  • Kathlee from Medecision

    May 2018

    Budget Maestro is a solid tool, and I'm looking forward to enhanced features and functionality in 9.

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money
    Pros

    I do like the preview of the expense and how it will look like on the P&L. It really helps me make sure that my spread method is correct. I like analytics maestro. I can use excel to build reports. Also, it is easy to use the data to create charts and graphs and make the financial data consumable to those budget owners, who may not have a fiance background. I also like the ability to refresh and update the data quickly.

    Cons

    Reporting. In analytics the idea of building is great, reminds me a salesforce. But it is sooooo slow on the virtual desktop. From what I understand this will continue to be the case in BM9. Also the reporting within the software is slow as well. It takes anywhere from 1-3 minutes to run any report. Also, the inability to create a version and it to show up in all plans. For example, if we want to create version of our 3+9 Forecast

    This review was submitted organically. No incentive was offered
    Review Source: Capterra
  • Alexandra from Monte Sion PR

    Specialty: Hospitality / Travel

    Number of employees: 2-10 employees

    April 2018

    Awesome tool to have on your side!

    Ease-of-use
    Functionality
    Quality
    Support
    N/A
    Pros

    We've been using this software for a couple of months and it has been great. At first it was tedious but it's been very useful since we can now totally depend on the software itself.

    Cons

    Like I said before, at first, the set-up process was very complicated because we needed to convert all the data that we had from excel instead of having the system, transfer the data automatically we had to do the set-up manually.

    This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.
    Review Source
  • Ana Gloria from The Cliffs at Princeville

    Specialty: Hospitality / Travel

    Number of employees: 51-200 employees

    April 2018

    Maybe a good long term solution

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money

    After the system is all set up, including the financial presentation, which you have to drag account by account manually to make sure it shows up where you want, system starts to become useful.

    Pros

    Eliminates the use of excel spreadsheets and circulation formula errors when dealing with multiple companies or consolidation.

    Cons

    difficult to set up for the first time. Very limited when you have to export to Excel because all data is exported as text format.

    This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.
    Review Source
  • Verified Reviewer

    February 2018

    Excellent product that my company uses weekly.

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money
    Pros

    I found this product very easy to learn. That said, I am a CPA. Excellent tools for budgeting and forecasting. Very user friendly

    Cons

    We had some problems importing and exporting to excel. It took a while to set this system up and train staff to use it.

    This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.
    Review Source: Capterra
  • Alan from Pacific Shine Group

    Specialty: Manufacturing

    Number of employees: 201-500 employees

    January 2018

    A small and medium size company budgeting and forecasting solution that can be maintained in house with little or no reliance on consulting or outside services.

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money
    Pros

    In addition to providing robust budgeting, forecasting and integration with their analytics tool, Analytics Maestro, Budget Maestro is a true extension of a company's general ledger into future periods. This is accomplished through the unique software architecture, where every budget item, such as revenue, expense or personnel record creates an entry into a "behind the scenes" budget GL in the right GL accounts, in the correct amounts and the proper accounting period. What this means is, the financial statements you get in this application are always synchronized to the underlying budget. The balance sheet and statement of cash flows will accurately represent the forecasted financial position of the company to the extent of the accuracy of the budget itself.
    The financial statements and all other reports can be easily generated by users without relying on IT.
    The software can be directly integrated to popular ERP or accounting software GLs and the Analytics module which is integrated to Budget Maestro can also be integrated to other data sources such as CRM, inventory management, warehouse management, sales reporting data and others.
    Another feature I like to use is creating multiple versions of the budgets or "what-if" scenarios, each automatically generating a unique set of financial statements and reports, exactly matching that particular version of the budget. You can see how your financial position changes in future periods as you change the budget version. This helps in finalizing a budget that is reasonable and also closely aligned to company goals and plans.

    Cons

    The workflow process in this application lacks in capabilities expected from larger solutions. This is probably not an issue in smaller organizations which to my understanding are the primary customer of this software.

    This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.
    Review Source
  • Sundeep from Ernst and Young LLP

    January 2018

    Good moderately prices software

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money

    Lesser data redundancy than excel.

    Pros

    User friendly interface and reports and a good drill down to get to source documents. The forecasts with Budget Maestro can be easily modified based on real-time changes in conditions.

    Cons

    1. Not easily available on any computer in the office - would prefer a more office friendly product that could be easily transferred from one computer to the next.
    2. No "out of the office" capability to use the software.
    3. No access of information unless it was taken from the computer that was set up for Maestro.
    Would prefer a web interface option

    This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.
    Review Source: Capterra
  • Eric from Risk Strategies Company

    Specialty: Insurance

    Number of employees: 1,001-5,000 employees

    December 2017

    Centage has been a key partner in our company's financial reporting capabilites.

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money

    Centage has been a good partner for RSC as we continue to grow reducing manual work and possibility of errors through their platform we utilize for Scenario Reporting and our Annual Budget Process.

    Pros

    Centage provides strong customer service and the product has been terrific value for our organization.

    Cons

    Our group has not transitioned over to the new Cloud Based program with Centage as of yet, so we experience limitations on uploading a large amount of data for various dimensional reporting.

    This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.
    Review Source
  • Ayushi from EM

    August 2017

    Has transformed financial intelligence

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money
    Pros

    Extremely easy to use and offers lot of features. It generates flexible spreadsheets, is compatible with any general ledger and has powerful what-if capabilities.

    Cons

    The application is amazing and efficient. Except minor bugs, there is nothing I don't like about Budget Maestro.

    This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.
    Review Source: Capterra
  • Donell from US Venture

    June 2017

    I use this software to help my company with general budgeting maintenance such as uploading actuals.

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money
    Pros

    The upload template is easy to use and doesn't require a lot of unneeded information. I like that any errors I get can be exported to excel making it easier to research the error.

    Cons

    The reporting could be a little better, in my opinion. Once added to a group, the entities can't be sorted. When drilling down into account detail the balances per entity are not in order. I think the only way to fix this would be to re-add each entity in the correct order, which would be very manual.

    Review Source: Capterra
  • Alice from US Water Services

    Specialty: Manufacturing

    Number of employees: 201-500 employees

    January 2017

    Good, moderately priced software

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money

    We were able to get a budget together in a few months including setup, training 30+ users, and remediation. Once you understand the logic of the tool, it all starts making sense. I have a variety of skill sets using the tool with minimal issues.

  • Naheel from Hush

    Specialty: Construction / Contracting

    Number of employees: 2-10 employees

    November 2016

    Maestro Review

    Ease-of-use
    Functionality
    Quality
    Support
    N/A

    The product provided a very friendly user interface that was easy to navigate - even for people who did not receive formal training. The reports were clean and easy to follow. Our accounting department who used the program daily to process hundreds of invoices did not have any negative feedback or comments about the use of the software. Although we did not properly utilize the full potential of the product such as budgeting and PO preparation, to know that it exists was something that we will strive to use in the future.

    Pros

    User friendly interface and reports
    Good drill down to get to source documents

    Cons

    Not easily available on any computer in the office - would prefer a more office friendly product that could be easily transferred from one computer to the next.
    No "out of the office" capability to use the software.
    No access of information unless it was taken from the computer that was set up for Maestro.
    Would prefer a web interface option

  • Mukul from Futures First

    Specialty: Consulting

    Number of employees: 501-1,000 employees

    November 2016

    Forecasting and Financial Report Generation made easy

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money

    The solution provides the users with the ability to consolidate data for more accurate forecasting, and generate detailed dashboards and analytics. By pre-defining the A/R and A/P schedules, Budget Maestro will automatically calculate transactions for each, giving accurate balance sheet statements and cash flow reports. The forecasts with Budget Maestro can be easily modified based on real-time changes in conditions. The ability to make quick adjustments as conditions change keeps the forecasts accurate throughout the entire fiscal year. It can help to centralize financial data in a single database, rather than across multiple spreadsheets, and consolidate that same data automatically to reflect changes in key business drivers or market conditions.

    Pros

    Runs on cloud as well as on-premise.
    Free trial is available which should be used before purchasing the full software in order to test applicability.
    Good GUI

    Cons

    Initial versions of updates have a few bugs which are fixed in later versions.

  • Ravi Karan from IBM

    Specialty: Consulting

    Number of employees: 10,000+ employees

    November 2016

    Budget Maestro: Extensive Financial Support Tool

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money

    Budget Maestro comes with built-in business and financial logic capabilities, which empowers users to quickly setup their own operating, account, and management reporting structures. It offers direct integration with the accounting systems’ actual GL. It is formula, function and link free which eliminates the risk associated with using Excel or other formula-based solutions. It has powerful what-if capabilities offering a real-time forecast of the financial health of the business. Using an add-on called Link Maestro, we can automate the exchange of financial information between their ERP systems and Budget Maestro.

    Pros

    1. Lesser data redundancy than excel.
    2. Lesser chances of an error in data entry.
    3. No requirement for validation of excel sheets.
    4. Easier to audit.

    Cons

    1. Cost is a little high
    2. Initial setup time longer than expected.

  • Akash from Applied Materials

    Specialty: Consulting

    Number of employees: 1,001-5,000 employees

    November 2016

    Out of the box financial solution software

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money

    The scalable platform, offered as a cloud-based or client-server solution, has built-in financial logic so it is automated and formula-free for more accurate data-entry, consolidation, and financial statements. It helps small and mid-size businesses with limited IT resources make smarter operational decisions based on key financial data. Budget Maestro offers full functionality straight out-of-the-box, with no IT involvement. As a hosted application, it’s also maintenance free. Budget Maestro includes out-of-the-box income statement, balance sheet and cash flow reporting. The software comes with 40 pre-built, customizable GAAP/IFRS-compliant reports. Budget Maestro’s multiple, unlimited what-if scenarios enable business managers to confidently make good decisions.

    Pros

    Driver Based Modeling
    Good integration with many ERP and account systems.
    Accessible anywhere through an internet connection with any browser-based device.
    Collects and consolidates all profit/loss data.

    Cons

    Can be a little overpriced for a small sized company.
    Requires time to configure and get used to it and then can perform tasks at a high speed.

  • Rudrajyoti from GS Engineering & Construction

    Specialty: Consulting

    Number of employees: 1,001-5,000 employees

    November 2016

    A scalable and secure budgeting and planning software

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money

    Budget Maestro provides automated software solution which has the functionality of sophisticated financial tools which helps in making better business decisions. The built-in finance logic uses profit and loss activities to automatically build balance sheets and thus, cash flow statements from it. It allows the user to organize data in a centralized application across each department with only the specified people being able to view it. This maintains the exactness of information and security of the data as well.

    Pros

    Available on-premise and cloud based, can be used on demand from any location.
    Intuitive user interface.
    A synchronized system in terms of logic and automatic calculations from data that is input in the system.
    Free trail available

    Cons

    Little costly

  • Nikhil from VForce infotech INC

    Specialty: Software / Technology

    Number of employees: 501-1,000 employees

    October 2016

    Good

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money

    Nice Product, I 'm looking forward to use this product if needed.

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