Planning Maestro Software

3.95 / 5 (40)

Our advisors have recommended this product 22 times in the last 30 days

About Planning Maestro


Centage’s Planning Maestro is a cloud-native planning & analytics platform that delivers year-round financial insight, transforming how companies budget, forecast and report performance.

Centage delivers a level of sophisticated financial intelligence typically only enjoyed by large enterprises, at a price point accessible for SMBs. Leveraging this financial intelligence, Planning Maestro synchronizes the P&L, the balance sheet, and the cash flow to ensure GAAP compliance. This offers the users not just a short-term view of the company’s health, but a long term view of the financial health of a company.

In addition, Planning 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.

Planning Maestro is suitable for modern finance teams in almost every industry vertical, including manufacturing, healthcare, wholesale/distribution, retail, business services and nonprofits.



Read More

Supported Operating System(s):

Windows 7, Web browser (OS agnostic), Windows 8, Windows 10

40 Reviews of Planning Maestro

Average User Ratings

Overall

3.95 / 5 stars

Ease-of-use

4.0

Value for money

4.5

Customer support

4.5

Functionality

4.0

Ratings Snapshot

5 stars

(8)

4 stars

(20)

3 stars

(12)

2 stars

(0)

1 stars

(0)

Likelihood to Recommend

Not likely

Very likely

Showing 1-5 of 40 reviews

January 2018

Alan from Pacific Shine Group

Company Size: 201-500 employees

Review Source


Ease-of-use

5.0

Value for money

5.0

Customer support

5.0

Functionality

4.0

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.

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.

July 2015

David from Loftness Specialized Equipment


Ease-of-use

3.5

Customer support

4.5

Functionality

4.5

July 2015

Powerful, flexible, and reliable budgeting software

Pros

Their support team is always available to help you through any questions or difficulties you encounter. The training provided is top notch and thorough and your trainer sets up your financial report formats for you to match your current statements. My trainer is still my primary contact person for help and all I have to do is send him an email. The software itself has enough built-in power and flexibility it can handle all kinds of retail, distribution, or manufacturing scenarios, like for my company it is the need to build up inventory before a selling season and to do this for many different products and different selling seasons. Budget Maestro is capable of generating fairly accurate balance sheets and cash flow statements, in addition to income statements, as it has sections within it devoted to the balance sheet side of forecasting. Combining Link Maestro and Analytics Maestro to Budget Maestro provides the only solution one needs to not only generate a budget or forecast but to then generate all the financial reports, statements, breakdown analysis needed by management. With Budget Maestro I can drive my revenues, expenses, and inventory levels by units, not revenue dollars, which is a lot more accurate for forecasting when dealing with a wide variation of products, product costs and retail prices.

Cons

Financial statements and reports utilizing proper accounting format rules can be very hard or impossible to attain by generating them within Budget Maestro. To attain the proper formatting that I am trained in and accustomed to providing to my management team I have to export the reports out to Excel and apply the spacing, headers, underlining, and so on inside Excel. However, now with their recent addition of Analytics Maestro, this issue is gone as Analytics Maestro is an Excel add-on so that you create and format all your needed standard and custom reports inside Excel and use Analytics Maestro to drop in the numbers and data you want in each report or statement.

May 2018

Mary Beth from Sanborn, Head & Associates, Inc.

Company Size: 51-200 employees

Review Source: Capterra


Ease-of-use

5.0

Value for money

5.0

Customer support

5.0

Functionality

5.0

May 2018

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

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.

July 2009

Brent from S & J Supply Company, Inc.

Review Source: Capterra


Ease-of-use

5.0

Customer support

5.0

July 2009

Overall solid business performance management software

Solid business performance management software package.

Pros

1. Very powerful forecasting tool that can handle both simple and complex aspects of forecasting. Handles multiple departments, entities, and the consolidation of them with ease.
2. Very easy to import actual data in order to perform variance analysis.
3. Easy to import almost all information necessary to set up a "plan" the first time.
4. What-if analysis allows you to look at the financial impact of making changes in your business without having to change your primary "plan"
5. All reports can be exported to Excel
6. Report layouts can be customized.
7. Very easy to create a 5 year forecast that allows increase/decrease assumptions to be customized in numerous ways, and using as many timeframes as desired.
8. Handles lines of credit and term loans, both fixed and variable rate, very easily.

Cons

1. Can't run a statement of cash flows based on "actual" data, only on "plan" data.
2. Not very easy to run a "plan" balance sheet for a future year as a stand-alone report, must either start the report on a month just after you have "actual" data or create an "actual/plan" version that houses a combination of data so it can be used for beginning balances.
3. If using Desktop version, additional modules need to be purchased to handle pre-paid insurance automatically and forecast inventory.

May 2018

Tom from Allied Plastics, Inc.

Company Size: 201-500 employees

Review Source: Capterra


Ease-of-use

5.0

Value for money

5.0

Customer support

3.0

Functionality

4.0

May 2018

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

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.