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Finding software can be overwhelming. We've helped hundreds of businesses choose the right budgeting and forecasting software so they can crunch numbers faster and gain financial insight.

Budgeting and Forecasting Software

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NetSuite

NetSuite is a business management software suite offered as a service that performs enterprise resource planning (ERP) and customer relationship management (CRM) functions. It is a horizontal package designed for an extensive range... Read More
Rating:  94 reviews
Price: 
Price Range is based on our extensive pricing research and represents a comparison of cost between the 122 systems on our list. The best way to get a real cost is to request a quote.
Recent recommendations:  76
Our advisors have recommended this product 76 times in the last 30 days. These recommendations are based on buyers' needs. Contact us for a free consultation.
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Sage Intacct

Sage Intacct is a provider of cloud-based accounting software. Sage Intacct’s applications are suitable for small and midsize companies and can provide real-time financial and operational insights as well as the ability to automate... Read More
Price: 
Price Range is based on our extensive pricing research and represents a comparison of cost between the 122 systems on our list. The best way to get a real cost is to request a quote.
Recent recommendations:  61
Our advisors have recommended this product 61 times in the last 30 days. These recommendations are based on buyers' needs. Contact us for a free consultation.
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Cougar Mountain DENALI

Cougar Mountain Software’s Denali Business is an accounting solution with the ability to customize 10 integrated modules. It is for small to midsize businesses and can be deployed on premises or in the cloud. Key features include... Read More
Rating:  58 reviews
Price: 
Price Range is based on our extensive pricing research and represents a comparison of cost between the 122 systems on our list. The best way to get a real cost is to request a quote.
Recent recommendations:  56
Our advisors have recommended this product 56 times in the last 30 days. These recommendations are based on buyers' needs. Contact us for a free consultation.
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Multiview

For organizations seeking a solution that conforms to their existing operations, Multiview offers a suite of financial solutions. With Multiview, companies gain visibility over corporate data. The solution includes 14 modules that... Read More
Rating:  7 reviews
Price: 
Price Range is based on our extensive pricing research and represents a comparison of cost between the 122 systems on our list. The best way to get a real cost is to request a quote.
Recent recommendations:  52
Our advisors have recommended this product 52 times in the last 30 days. These recommendations are based on buyers' needs. Contact us for a free consultation.
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Business Size:  S M L
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Deskera ERP

Deskera ERP is a cloud-based enterprise business management suite that automates sales, billing, fulfillment, distribution (including pick, pack and ship process), sales commission calculations, purchasing, payment processing, product... Read More
Rating:  16 reviews
Price: 
Price Range is based on our extensive pricing research and represents a comparison of cost between the 122 systems on our list. The best way to get a real cost is to request a quote.
Recent recommendations:  39
Our advisors have recommended this product 39 times in the last 30 days. These recommendations are based on buyers' needs. Contact us for a free consultation.
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QuickBooks Enterprise

QuickBooks Enterprise is an accounting solution suitable for small to midsize businesses across several industry verticals including construction, distribution, manufacturing, and retail. The solution offers functionality to manage... Read More
Price: 
Price Range is based on our extensive pricing research and represents a comparison of cost between the 122 systems on our list. The best way to get a real cost is to request a quote.
Recent recommendations:  26
Our advisors have recommended this product 26 times in the last 30 days. These recommendations are based on buyers' needs. Contact us for a free consultation.
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Business Size:  S M L
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Adaptive Insights

Adaptive Insights, founded in 2003, provides a web-based system for budgeting, forecasting and reporting. The solution is suitable for a wide variety of company sizes. Delivered over the Web in a software-as-a-service (SaaS) model,... Read More
Price: 
Price Range is based on our extensive pricing research and represents a comparison of cost between the 122 systems on our list. The best way to get a real cost is to request a quote.
Recent recommendations:  18
Our advisors have recommended this product 18 times in the last 30 days. These recommendations are based on buyers' needs. Contact us for a free consultation.
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Budget Maestro

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,... Read More
Rating:  37 reviews
Price: 
Price Range is based on our extensive pricing research and represents a comparison of cost between the 122 systems on our list. The best way to get a real cost is to request a quote.
Recent recommendations:  15
Our advisors have recommended this product 15 times in the last 30 days. These recommendations are based on buyers' needs. Contact us for a free consultation.
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Vena Solutions

Vena is a cloud-based corporate performance management (CPM) solution that helps businesses across various industry verticals to manage different business operations such as budgeting, planning, revenue forecasting and more. Vena's... Read More
Rating:  11 reviews
Price: 
Price Range is based on our extensive pricing research and represents a comparison of cost between the 122 systems on our list. The best way to get a real cost is to request a quote.
Recent recommendations:  11
Our advisors have recommended this product 11 times in the last 30 days. These recommendations are based on buyers' needs. Contact us for a free consultation.
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SAP ERP Core Finance

SAP S/4HANA is an integrated enterprise resource planning (ERP) software suite designed to serve businesses of size and kinds. SAP ERP is used to address the needs of many industry verticals including manufacturing, retail, service... Read More
Price: 
Price Range is based on our extensive pricing research and represents a comparison of cost between the 122 systems on our list. The best way to get a real cost is to request a quote.
Recent recommendations:  9
Our advisors have recommended this product 9 times in the last 30 days. These recommendations are based on buyers' needs. Contact us for a free consultation.
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Financial Edge by Blackbaud

Financial Edge NXT is a cloud accounting solution from Blackbaud that provides transparency across teams, security, compliance, and reduces the need for manual processes. The system is a fund accounting solution that provides a general... Read More
Rating:  92 reviews
Price: 
Price Range is based on our extensive pricing research and represents a comparison of cost between the 122 systems on our list. The best way to get a real cost is to request a quote.
Recent recommendations:  9
Our advisors have recommended this product 9 times in the last 30 days. These recommendations are based on buyers' needs. Contact us for a free consultation.
Platforms: 
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Business Size:  S M L
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BOARD

Created to combine business intelligence, corporate performance management, and business analytics, BOARD is a full-featured business intelligence system that serves midsize and enterprise-level companies in a variety of different... Read More
Rating:  81 reviews
Price: 
Price Range is based on our extensive pricing research and represents a comparison of cost between the 122 systems on our list. The best way to get a real cost is to request a quote.
Recent recommendations:  9
Our advisors have recommended this product 9 times in the last 30 days. These recommendations are based on buyers' needs. Contact us for a free consultation.
Platforms: 
Deployments: 
Business Size:  S M L
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AccuFund Accounting Suite

AccuFund is an online accounting and financial reporting solution designed specifically for the nonprofit industry. Integrated into one, AccuFund's Accounting suite helps nonprofit organizations and government agencies report funding... Read More
Rating:  22 reviews
Price: 
Price Range is based on our extensive pricing research and represents a comparison of cost between the 122 systems on our list. The best way to get a real cost is to request a quote.
Recent recommendations:  9
Our advisors have recommended this product 9 times in the last 30 days. These recommendations are based on buyers' needs. Contact us for a free consultation.
Platforms: 
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Business Size:  S M L
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Acumatica ERP

Acumatica ERP delivers an adaptable cloud and mobile-based enterprise resource planning solution with a user licensing model which enables a real-time view of business operations at any time from anywhere. Through a worldwide network... Read More
Rating:  17 reviews
Price: 
Price Range is based on our extensive pricing research and represents a comparison of cost between the 122 systems on our list. The best way to get a real cost is to request a quote.
Recent recommendations:  9
Our advisors have recommended this product 9 times in the last 30 days. These recommendations are based on buyers' needs. Contact us for a free consultation.
Platforms: 
Deployments: 
Business Size:  S M L
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Activity HD

nQativ’s Activity HD is an accounting and payroll solution suitable for small to mid-size companies. It offers tools to sort, filter and present data, plus security features to satisfy data confidentiality requirements. Activity... Read More
Rating:  29 reviews
Price: 
Price Range is based on our extensive pricing research and represents a comparison of cost between the 122 systems on our list. The best way to get a real cost is to request a quote.
Recent recommendations:  8
Our advisors have recommended this product 8 times in the last 30 days. These recommendations are based on buyers' needs. Contact us for a free consultation.
Platforms: 
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Business Size:  S M L
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Flexi Software

Flexi is an on-premise as well as a cloud-based accounting solution for the banking, insurance, healthcare and service industries. The Flexi accounting solution features automation of accounting process and completion of audit trails... Read More
Rating:  3 reviews
Price: 
Price Range is based on our extensive pricing research and represents a comparison of cost between the 122 systems on our list. The best way to get a real cost is to request a quote.
Recent recommendations:  8
Our advisors have recommended this product 8 times in the last 30 days. These recommendations are based on buyers' needs. Contact us for a free consultation.
Platforms: 
Deployments: 
Business Size:  S M L
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deFacto Planning

deFacto Planning is a corporate planning solution that offers budgeting, forecasting, reporting, consolidation, analysis and predictive analytics. It allows users to view the overall financial health of their company, in real time,... Read More
Rating:  0 reviews
Price: 
Price Range is based on our extensive pricing research and represents a comparison of cost between the 122 systems on our list. The best way to get a real cost is to request a quote.
Recent recommendations:  8
Our advisors have recommended this product 8 times in the last 30 days. These recommendations are based on buyers' needs. Contact us for a free consultation.
Platforms: 
Deployments: 
Business Size:  S M L
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BudgetPak by XLerant

BudgetPak by XLerant is a cloud-based Accounting solution that offers stand-alone Budgeting and Forecasting, as well as integrated Financial Reporting. It’s suited for midsize to large organizations in a variety of industries including... Read More
Rating:  16 reviews
Price: 
Price Range is based on our extensive pricing research and represents a comparison of cost between the 122 systems on our list. The best way to get a real cost is to request a quote.
Recent recommendations:  6
Our advisors have recommended this product 6 times in the last 30 days. These recommendations are based on buyers' needs. Contact us for a free consultation.
Platforms: 
Deployments: 
Business Size:  S M L
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Microsoft Dynamics GP

Microsoft Dynamics GP is a hybrid enterprise resource planning (ERP) solution that helps small and midsize businesses to integrate their data and resources across various departments and locations. The solution can either be deployed... Read More
Rating:  77 reviews
Price: 
Price Range is based on our extensive pricing research and represents a comparison of cost between the 122 systems on our list. The best way to get a real cost is to request a quote.
Recent recommendations:  5
Our advisors have recommended this product 5 times in the last 30 days. These recommendations are based on buyers' needs. Contact us for a free consultation.
Platforms: 
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Business Size:  S M L
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VersAccounts Small Business Cloud ERP

VersAccounts is a cloud-based enterprise resource planning (ERP) solution designed for small manufacturers and distributors. The solution offers tools to consolidate data related to finances, inventory, revenue, costs and more. Within... Read More
Rating:  17 reviews
Price: 
Price Range is based on our extensive pricing research and represents a comparison of cost between the 122 systems on our list. The best way to get a real cost is to request a quote.
Recent recommendations:  5
Our advisors have recommended this product 5 times in the last 30 days. These recommendations are based on buyers' needs. Contact us for a free consultation.
Platforms: 
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Business Size:  S M L
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Buyer's Guide

,
Content Analyst
Last Updated: July 13, 2018

Financial planning software applications utilize historical data and estimates of future conditions to track a company’s financial progress and compare it to business expectations. The long-term survival of a business depends on its ability to establish a budget and operate within its confines. With the help of business budgeting software, businesses can forecast likely future expenses, establish more precise and realistic budgets and have a greater chance of achieving ongoing profitability.

Here’s what we’ll cover:

What Is Budgeting and Forecasting Software?
What Type of Buyer Are You?
Benefits and Potential Issues
Market Trends to Understand
The Vendor Landscape

What Is Budgeting and Forecasting Software? 

Like many budgeting programs, business forecasting software reduces the opportunity for potential human error. Because budgets are formulated by the recording of business data, human error can drastically affect the budgeting process. Negligence and typos can easily destroy the validity of budget strategies. With the right system, however, automated reminders can ensure that the user knows when to input key business information for budget analysis.

Effective business budget software can also automatically import data directly from integrated accounting applications, including the general ledger, ERP system and HR system. This automated importing strengthens consistency and completeness for data analysis that is reliable and error-free. In addition, the ability to connect and interact with other programs provides consolidated data collection, as well as a variety of different ways to complete the budgeting and forecasting process.

Collaboration in budget formulation becomes much easier with the use of budgeting and forecasting solutions. When certain areas of a company’s budget are headed by different individuals, manual collaboration can be troublesome. But with business forecast systems, the budget approval process can be standardized to improve organization and communication. Hypothetical forecasting also allows for the inclusion of complex or often-forgotten factors like inflation. These scenarios improve general awareness of potential obstacles ahead, providing greater foresight in budget formation.

What Type of Buyer Are You?

Although some of the most important points of the budgeting and forecasting process are the same across industries, different organizations have different priorities and requirements in finding the right system. Here are the main categories of buyers:

Small businesses. Small and fledgling businesses may want to pay particular attention to a user-friendly interface or more intuitive presentation styles, which can produce easily understandable graphs and charts. Budgeting is a critical feature here, but often forecasting capabilities and needs are somewhat limited, due to costs and lack of historical data.

Mid-sized and growing businesses. Slightly larger and rapidly growing businesses can benefit from a system that adds forecasting features to help predict future growth and sales based on past patterns. A common mistake for growing businesses is to assume that last year’s surge will carry over into this year. However, many different factors play a part, and the ability to predict changes in those factors can prevent massive overinvestment in your company’s infrastructure.

Large corporations. Large companies with dozens or hundreds of different departments create a whole other level of complexity in the budgeting and forecasting process. They need something that can handle multiple types of expenses and multiple sources of revenue, all coming from different users in different departments. This information needs to be integrated in a seamless, intelligent way.

Benefits and Potential Issues

A strong budgeting and forecasting system improves accuracy for budgeting and long-term business development planning.

Improved accuracy. The tight deadlines and overtime hours associated with the budgeting cycle make it an error-prone process, but a single human error can have a massive impact on a company’s profitability. A good budgeting program eliminates most of the opportunities for calculation errors, increasing overall accuracy of the process.

Faster and simpler. Budgeting and forecasting software contains high-level functionality specifically dedicated to this purpose. This saves time on process creation (no need to create an Excel file), allows for data to be saved and reused year over year and makes the budgets easier to manage and amend. Overall, this can halve the amount of time spent on the budget cycle.

Report consistency. These solutions connect employees across the enterprise, ensuring that the budgets have the same readable format no matter who prepares them.

Better forecasting. Computer forecasting programs use complex algorithms that are designed to predict future expenses and sales based on past data. This makes for more accurate forecasts and long-term success.

Market Trends to Understand

Changing markets. The whole point of forecasting is to predict the unpredictable, which is to say rapidly changing markets. Since market trends in your industry are constantly changing, it’s important to select a forecasting solution that can account for these changes.

Increased vertical specialization. Over time, budgeting and forecasting software has become increasingly specialized, adding value according to unique workflow types. Systems are catering to the specific needs of the medical industry, nonprofits, construction companies, engineering firms and others. So if industry specialization is important to you, keep this in mind when evaluating systems.

Increased specialization by industry. Increasingly, consumers are demanding more industry-specific features, and vendors are listening. Products that were once “horizontal”—such as Sage MAS 90/200, QuickBooks and Microsoft Dynamics—are increasingly adding new vertical features to cater to buyers’ specific industries. Make sure to keep a lookout for features that fit your particular industry when investigating tools and solutions.

Software as a service (SaaS). SaaS lowers costs and speeds up implementation for buyers by offering Web-based software that doesn’t need to be installed on-premise. This is more cost effective for smaller buyers. It’s typically offered on a annual or monthly subscription basis, helping firms anticipate and control costs.

The Vendor Landscape

There are a number of considerations when selecting budgeting and forecasting software:

  • Is the system user-friendly: accessible charting/graphing capabilities, online user forums, troubleshooting applications?
  • Does it provide a variety of hypothetical situations for forecasting things like inflation?
  • Can the program involve multiple users for collaboration purposes (i.e., intra-software messaging, multiple users by department, automated combination or comparison of multiple budget submissions)?
  • Does the solution effectively provide reminders for adhering to deadlines?
  • To what degree is the software capable of interacting with important accounting applications or modules, such as general ledger, HR etc.?
  • Does the price range justify the features?
  • Does the program encourage and give reminders for frequent data entry to ensure precise and consistent information storage?
  • Does the software effectively analyze past business performance?

These are some of the major players in the budgeting and forecasting applications market:

Small businesses PlanGuru, Budget Maestro, Epicor
Medium-sized & growing businesses Planning Maestro, Epicor, Adaptive
Large corporations Adaptive Planning, Epicor