2018 Best Budgeting & Forecasting Software


Budgeting & forecasting software is an indispensable part of every business today, especially with so much planning and work going into your financials. Such a tool can come in handy to pull together all the information about different areas of your business financials and get control of all your finances. With this tool, it is easier to understand the financial standing of your business while handling loads of data, making cash flow forecasts, and building predictive models.

1. Intacct

The cloud-based financial accounting software system, Intacct is designed with a broad set of functionality to support a range of applications for project accounting, core accounting, revenue management, time and expenses, and financial reporting. The easy-to-use budgeting & forecasting software automates your accounting processes, thus helping improve business efficiency, reduce risk, and plan better for the future.

Cons:  Little more flexibility could make the software even more user friendly and valuable.

2. BillQuick

The all-in-one budgeting & forecasting software is one of the most flexible accounting solutions both in terms of design, deployment, and functionality. The flexible and scalable software comes with business intelligence, project management, and business accounting functionalities, enabling more accurate time tracking.

As a highly configurable software solution, BillQuick facilitates faster billing, accurate bookkeeping & accounting, better client communication, and reduced administration costs. The solution allows you to keep track of what is going on at the financial front at the moment, so you can make better future planning and preparation.

Cons: The invoicing module could be improved to make it more intuitive for users.

3. Financial Edge by Blackbaud

The web-based fund accounting solution provides transparency across teams and reduces the need for manual processes. With this intuitive application, it is easier to keep track of your accounts receivable & payable, projects, general ledger, endowments, grants, banking, and fixed assets.

The fully integrated system is designed with a personalized dashboard that offers customizable views for easier tracking of your key metrics, including program-to-expense ratios, cash balances, and income statements. Scalable and easy to use, Financial Edge allows seamless access to grant and project accounting that enables streamlined budget  management and effective monitoring of accounts and generate reports, improving data accuracy and reducing dependency on manual practice.

Cons: Prior training is a must to make the most of the system. A training package should be included to make learning a faster process for new users.

4. Board

The fully featured business intelligence software solution, Board Software is designed for small and mid-sized businesses across different industry verticals. Its reporting functionality allows you to gather data from different sources and generate self-service reports. The intuitive budgeting & forecasting software is easy to set up and implement and features extensive multi-lingual capabilities, allowing you to deliver reports in different languages to meet your business & client requirements.

The feature-rich application comes complete with data collecting and analysis functionalities, making it easier for users to drill down, view, and track data across different dimensions and drive intelligent business decisions.

Cons: The system is constantly undergoing changes, which could make things little confusing for new users. But the ongoing developments show that the product is getting better with each update or release.

5. Abila MIP Fund Accounting Software

The budgeting & accounting software enables users to view transactions, cash flow, and account details from anywhere anytime. Simple to use, Abila MIP Fund Accounting Software is a fully integrated system that comes with human resources, fixed asset management, procurement, fund accounting, payroll, budgeting, timekeeping, human resources, dashboards, and grant management capabilities.

With the report writer embedded into the system, the intuitive application allows generation of customizable reports. It can be deployed as a software-as-a-service, self-hosted application, or on-premise solution. Users can build, maintain, track, and report unlimited budgets and forecasts in the system.

Cons: Reporting system is good, but could be improved further for better usability.

If you are looking for an integrated and intuitive application to track your expenses and better plan for the future, you have come at the right place. ITQlick boasts a team of software experts that can make the best recommendations for your specific business needs. Come in touch with our specialists and we will help you get your hands on the right budgeting & forecasting software for your business.