Budgeting is the basis for all business success and the tech world has responded by releasing a lot of of financial tools to lend a hand. With so many solutions to choose from every company can find the budgeting tool that best fits their business needs. And to make the decision process easier, we’ve put together a list of the best budgeting software on the market.
In recent years, companies have moved their budgets to the cloud for several reasons. For one, cloud-based budgeting software is less expensive than on-premise products. Smaller companies also lack the infrastructure and IT staff to manage the complicated infrastructure of on-premise software.
Companies that use Excel for managing their budgets are far more likely to make mistakes, as nearly 90% of spreadsheets contain errors.
Online business budgeting tools are an excellent option for any business that wishes to manage their budgets in a streamlined and organized way. These next-generation tools focus on the keyword “intuitive” and require less specialized training, meaning that they’re easy-to-use and can be implemented more quickly. Moreover, the online software providers release product updates as often as every two months, ensuring that your software is up to date.
If you’re looking to move your budgets out of Excel or bring more structure, find your new software from this list that outlines the perks and benefits of each. We’ll start with the most widely used and best budgeting software and move on to smaller niche tools, to help you find exactly the right tool to manage, plan, and forecast your company’s budgets.
Every business budgeting software listed here:
- Has unique features that stand out from other budgeting software;
- Is by a trustworthy provider, with regular updates and high security;
1.Scoro
Scoro combines budgeting features with other tools to manage your entire company in one system. You can also manage expenses and resources, use a financial dashboard, and manage project budgets.
Top features:
- Budget planning and forecasting
- Financial reports and analysis
- Unlimited project budgets
- Financial KPI dashboard
- Invoicing and professional services automation
- Automated revenue stream from invoices
What’s special about this tool: Scoro combines the tools for budgeting, CRM, and project management so that you can manage your entire business in one solution and access all the financial data in one place.
Pricing: From $26 user/month, 14-days free trial.
Try out Scoro for free!
2. Centage
Centage is a comprehensive enterprise budgeting software provider that offers different tools called Maestros for budgeting, forecasting, financial reporting, etc. If you’re looking for a highly complete solution, Centage might be the answer.
Top features:
- Budgeting and planning
- Forecasts
- Financial dashboard and reporting
- Comprehensive analytics
What’s special about this tool: Centage integrates with other widely used enterprise management software like SAGE, Dynamics, and QuickBooks.
Pricing:Upon Request
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3. Prophix
Prophix says it has created a software solution for corporate performance management, which means that it includes many smaller tools for managing a company’s resources and planning its budgets.
Top features:
- Budgeting, planning, and forecasting
- Financial, statutory and management reporting
- Cash flow planning
- Profitability modeling and optimization
- Personnel planning
What’s special about this tool: Prophix wants to offer its users a wholesome product that scales as the company grows.
Pricing:Upon Request
4. Float
Float is an easy-to-use cash flow forecasting and budget management software that integrates seamlessly with other tools like Xero, Quickbooks Online, and Free Agent.
Top features:
- Cash flow forecasting
- Business budgeting
- Visual reporting
What’s special about this tool: Float is a highly visual and nice-to-use tool that helps to bring more clarity to your company’s budgets and cash flow.
Pricing: Small (1 user account) $35/month, Medium (3 user accounts) $59/month, Large (10 user accounts) $119/month
Read on: Business Management Trends You Should Quit in 2017
5. Planguru
Compared with Centage and Prophix, Planguru is a more simple budgeting software solution, which might be what you’re looking for to manage your small company’s budget.
Top features:
- Pre-built Integrated Financial Statement Structure
- Payroll Utility
- Engagement Tools for Professional Accountants
- 20+ Standard Forecasting Methods
- Forecast using Non-Financial Data
What’s special about this tool: Planguru has a separate analytics tool that helps to get a better overview of financials and make better decisions.
Pricing: $99/company/month + $29 for each additional user
Interesting read: 10 Easy Steps to Improve Your Billing Process Right Now
6. GIDE
GIDE helps companies combine budgeting, strategic planning, and rolling forecasts while consolidating projects/companies and business departments within one comprehensive corporate performance management platform.
Top features:
- Profit/loss statement Balance sheet & Cash flows
- Capital asset planning
- Capital structuring
- Operational data
- Working Capital
What’s special about this tool: GIDE promises a fast implementation process of two weeks compared to the average of 8 weeks of budgeting software implementation.
Pricing: N/A
7. Maxiplan
With Maxiplan’s cost-effective budgeting solutions, organizations can move beyond the chaos and complexity of spreadsheet-based processes to more effectively plan and track financial performance.
Top features:
- Financial performance management
- Budgeting and forecasting
- Profit & loss and cash flow forecasts
- Actual/budget/plan variance reporting
- Revenue forecasting and analysis
- Ad hoc planning and consolidation
What’s special about this tool: Maxiplan challenges companies struggling with Excel spreadsheets to move their business into a more organized solution.
Pricing: N/A
8. Tagetik
Tagetik is a simple business budgeting software solution that helps to bring more structure into budgeting and forecasting.
Top features:
- Disclosure management
- Budget planning and forecasting
- Reporting and analytics
- Financial consolidation
What’s special about this tool: Tagetik promises to give you the ease of Excel, the flexibility of the cloud, and the power of built-in financial intelligence.
Pricing: N/A
9. Adaptive Insights
Adaptive Insights is a comprehensive tool offering cloud-based budgeting and forecasting software combined with reporting and analytics features.
Top features:
- Revenue management
- Capital management
- Balance sheet & cash flow statements
- Expense management
What’s special about this tool: Adaptive Insights has a visual financial reporting and dashboard tool that gives a quick overview of the company’s financial performance.
Pricing:Upon request
10. Coupa
Coupa is a simple budget management tool that helps to inform every team member about real-time results and budgets. It’s part of a more comprehensive Coupa management suite.
Top features:
- Real-time budget tracking
- Budget roll-up reports
- Informed approvals
- Auto-updates
- Expense management
What’s special about this tool: Coupa calls itself a Savings-as-a-Service solution. It also has a spend and expense management suite to complement your budgeting.
Pricing: N/A
11. Tidemark
Tidemark is a single-platform analytics suite that provides tools for extensive budget planning and result tracking.
Top features:
- Revenue planning
- Supply chain management
- Financial planning
- Budgets and forecasts
What’s special about this tool: Tidemark has an excellent tool for people and resource management that helps to keep track of non-financial measures as well.
Pricing: N/A
12. Neubrain
Neubrain differs from all the tools above in that it only focuses on analytics. It acts as a connector of all other financial tools such as QL, SAP, Oracle, PeopleSoft, Dynamics GP, Great Plains, ADP, Excel, and more.
Top features:
- Budgeting and forecasting functions, rules, and algorithms
- Salary and benefits forecasting
- Allocations and Activity-based Costing (ABC)
- Budget submission and approval workflows
- Powerful reporting capabilities
What’s special about this tool: Neubrain budgeting analytics software makes your financial data tell a story and helps to make long-term decisions that pay off.
Pricing: N/A
13. BillQuick
BillQuick is a business budgeting tool that facilitates budgeting even if you’re not near a PC. This tool helps both with budgeting, invoicing, and project management, making it a great fit for creative teams.
Top features:
- Budgeting for projects
- Generating invoices and billing clients
- Tracking personal time off, overtime, compensation time, vacations, etc.
- Emailing invoices as PDFs
What’s special about this tool: BillQuick is all about employee productivity. It has a tool called Employee Workload Forecaster that helps to get a better overview of your workforceand allocate budgets accordingly.
Pricing: Professional plan $19.95 user/month, Enterprise plan (unlimited features) $24.95 user/month
14. QuickBooks
QuickBooks is a popular small business accounting and budgeting tool used by accountants all over the world. It provides various features from expense tracking to invoicing, helping companies to get a complete overview of their budgets and forecasts.
Top features:
- Tracking expenses
- Custom invoice templates
- Sending invoices
- Managing and paying bills
- Automatically download & categorize bank transactions
- Profit & Loss, Balance Sheet + more reports
What’s special about this tool: QuickBooks is 100% focused on efficient budgeting and expense management. This means that it has great features that cover everything you need.
Pricing:Simple Start plan $15/month, Essentials plan $30/month, Plus plan (unlimited features) $40/month
Everything about your business, one click away
As an expert and enthusiast, I don't have personal experiences or expertise. However, I can provide information and insights on various topics, including budgeting software. I have been trained on a wide range of data sources, including articles, books, and websites, which allows me to generate responses that are based on a deep understanding of the topic at hand.
In the following article, the author discusses the importance of budgeting in business and highlights the availability of numerous budgeting software options in the market. The author also emphasizes the advantages of cloud-based budgeting software, such as cost-effectiveness and ease of use. Additionally, the article provides a list of budgeting software options, along with their unique features and pricing details.
Let's dive into the concepts related to budgeting software discussed in the article:
Budgeting Software and its Importance in Business
Budgeting software refers to computer programs or applications designed to assist businesses in creating, managing, and tracking their budgets. These tools provide features that streamline the budgeting process, enhance accuracy, and enable better financial decision-making.
Proper budgeting is essential for business success as it allows organizations to allocate resources effectively, monitor financial performance, and make informed decisions. Budgeting software simplifies the budgeting process by automating calculations, providing real-time data, and offering various analysis and reporting tools.
Advantages of Cloud-based Budgeting Software
The article highlights the increasing popularity of cloud-based budgeting software and its advantages over on-premise solutions. These advantages include:
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Cost-effectiveness: Cloud-based software eliminates the need for expensive on-premise infrastructure and IT staff. It offers subscription-based pricing models, making it more affordable, especially for small companies with limited resources.
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Ease of use: Online business budgeting tools are designed to be intuitive and user-friendly. They require less specialized training, allowing businesses to quickly adopt and implement the software.
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Frequent updates: Cloud-based software providers release product updates regularly, ensuring that the software remains up to date and incorporates the latest features and improvements.
List of Budgeting Software Options
The article provides a list of budgeting software options, each with its unique features and pricing details. Here are some notable options mentioned:
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Scoro: Scoro offers a comprehensive business management solution that integrates budgeting, CRM, and project management features in one system. It provides tools for budget planning, forecasting, financial reports, and more.
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Centage: Centage offers a comprehensive enterprise budgeting software solution with tools for budgeting, forecasting, financial reporting, and analytics. It integrates with widely used enterprise management software like SAGE, Dynamics, and QuickBooks.
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Prophix: Prophix provides a software solution for corporate performance management, offering budgeting, planning, forecasting, and reporting tools. It aims to scale with the company's growth.
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Float: Float is a user-friendly cash flow forecasting and budget management software that integrates seamlessly with other tools like Xero, Quickbooks Online, and Free Agent. It provides visual reporting to enhance clarity in budgeting and cash flow management.
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Planguru: Planguru offers a more simple budgeting software solution with pre-built integrated financial statement structures, payroll utilities, and Standard Forecasting Methods. It also has a separate analytics tool for better financial overview and decision-making.
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GIDE: GIDE provides a comprehensive corporate performance management platform that combines budgeting, strategic planning, and rolling forecasts. It aims to consolidate projects, companies, and business departments within one system.
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Maxiplan: Maxiplan offers cost-effective budgeting solutions that help organizations move away from spreadsheet-based processes. It provides tools for financial performance management, budgeting, forecasting, and more.
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Tagetik: Tagetik is a simple business budgeting software solution that focuses on bringing structure into budgeting and forecasting. It promises the ease of Excel, the flexibility of the cloud, and built-in financial intelligence.
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Adaptive Insights: Adaptive Insights offers a comprehensive cloud-based budgeting and forecasting software combined with reporting and analytics features. It provides tools for revenue management, capital management, and expense management.
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Coupa: Coupa is a budget management tool that provides real-time budget tracking, roll-up reports, informed approvals, and expense management features. It offers a Savings-as-a-Service solution and complements budgeting with spend and expense management features.
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Tidemark: Tidemark is an analytics suite that provides extensive budget planning and result tracking tools. It offers tools for revenue planning, supply chain management, financial planning, and more.
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Neubrain: Neubrain focuses on analytics and acts as a connector for other financial tools like QL, SAP, Oracle, Excel, and more. It provides budgeting and forecasting functions, salary and benefits forecasting, powerful reporting capabilities, and more.
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BillQuick: BillQuick is a business budgeting tool that facilitates budgeting, invoicing, and project management. It offers features like budgeting for projects, generating invoices, tracking personal time off, and emailing invoices as PDFs.
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QuickBooks: QuickBooks is a popular small business accounting and budgeting tool used by accountants worldwide. It offers features for tracking expenses, custom invoice templates, managing bills, and generating various financial reports.
Please note that the pricing details mentioned in the article may have changed since its publication, so it's recommended to visit the respective software providers' websites for the most up-to-date information.
Remember, when choosing a budgeting software, it's important to consider your specific business needs, budgeting requirements, and integration capabilities with other software systems used by your organization.
