Forecast and Budget Builder Review - why 4.7 stars?

Forecast and Budget Builder Review
ITQlick Score: 62/100
ITQlick Rating:
Pricing: 6.8/10 - high cost
Category: Budgeting & CPM -> Forecast and Budget Builder review
Ranking:Ranked 39 out of 51 Budgeting & CPM systems
Company: Bizpep
Pricing: starts at $69 per license
Typical customers: Small, medium and large size businesses
Platforms: Desktop
Links: Forecast and Budget Builder pricing, Forecast and Budget Builder alternatives
Shlomi LaviShlomi Lavi / updated: May 27, 2022

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What is Forecast and Budget Builder?

Forecast and Budget Builder is an accounting and billing software released in 2010 by the Bizpep Group. It was developed to help people quickly build a 3 year business forecast in just a few clicks without having to be an expert in finance. The software also offers Sensitivity Analysis and budgeting for 12 months.

The Bizpep Group is a team made of software developers that build very simple tools to target specific tasks run on a computer. The group has released a number of business and web development solutions in the market hoping to serve a small niche of business owners.

Who is it best for?

Forecast and Budget Builder was designed for the average Joe. It is for starters who just own very small businesses and are not so technically inclined when it comes to planning and budgeting. The software can be used by businesses made of less than 5 people who want to look 3 years into the future and get a fair idea of what could have been achieved by then.

Forecast and Budget Builder was developed to just facilitates Excel processes. It would be a good fit for users who already use the Excel program but are looking for faster and automated ways of forecasting and budgeting.

Main features and functionalities

The software can help you streamline the process of developing a 12 month budget. It can also simplify the process of developing a 3 year business forecast. Forecast and Budget Builder requires minimal input to be able to generate forecast. Once a forecast is generated, you can then build a 12 month master budget. That budget can then be refined with respect to what you are trying to achieve.

With this tool, you should get a fair picture of what to expect in the near future with some level of accuracy.

What is the actual cost?

The cost of license starts at $69 per license. ITQlick pricing score is 6.8 out of 10 (10 is most expensive). Access ITQlick pricing guide for Forecast and Budget Builder. You can also find here pricing information from Forecast and Budget Builder's website.

Pros

  • Only requires minimal input to generate a business forecast
  • Much more affordable than most other accounting software
  • Easily imports data from Microsoft Excel spreadsheet
  • Offers possibility to refine budget to achieve specific goals
  • Sensitivity Analysis and Budget appear in tabular and graphical form

Cons

  • Only available in the English language
  • The software is restricted to basic functions and that may be seen as a limitation
  • Only available on Microsoft Windows; not Linux or Mac compatible
  • No video tutorials available on how to use it

How it stacks up?

Access a head to head analysis of Forecast and Budget Builder vs alternative software solutions.
ITQlick rating
Score
Pricing
License pricing
Functionality
Review
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Forecast...
ITQlick rating
4.7/5
Score
62/100
Pricing
6.8/10
License pricing
$69 per license
Functionality
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Workday ...
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8/10
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28
neubrain...
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4/10
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Functionality
17
Budgyt
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4.9/5
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89/100
Pricing
3/10
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3
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Sage
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4/5
Score
87/100
Pricing
2.4/10
License pricing
$45 per month
Functionality
4
Review

Frequently Asked Questions (FAQs)

Is it the best Budgeting & CPM system?

Forecast and Budget Builder is ranked 39 out of 51 software in their category (Budgeting & CPM systems).

How they are rated on ITQlick?

The rating of Forecast and Budget Builder is 4.7 stars out of 5 and the total score is 62 out of 100. The rating score is based on our unbiased data-based algo. Learn more - rating methodology page.

Is it an easy to use Software?

Yes, Forecast and Budget Builder makes it fairly easy to use. This product is user friendly and intuitive.

Is it cloud-based?

No, the software in not cloud based so you would need to install it locally and connect it directly to a server.

Can it be used on mobile?

No, currently Forecast and Budget Builder can't be accessed on mobile, you would need to access it from your computer.

Differences between Forecast and Budget Builder and alternatives?

The most popular alternatives to Forecast and Budget Builder in 2023: Workday Adaptive Planning, neubrain analytics, Budgyt, PlanGuru, Sage 100cloud. Access the complete competitors analysis here - Forecast and Budget Builder VS Budgeting & CPM Software alternatives.

List of categories

Budgeting & CPM

List of features

Capital budget
Cash flow/cash budget
Expenditure budget
Marketing budget
Production budget
Project Budgeting
Revenue budget
Sales budget

Auditor - Shlomi Lavi

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Shlomi Lavi is an entrepreneur and founder of ITQlick.com. He holds a Bachelor of Science (B.Sc.) in Information Systems Engineering from Ben Gurion University in Israel. Shlomi brings 17 years of global IT and IS management experience as a consultant and implementation expert for small, medium and large-sized (global) companies. Shlomi’s goal is to share the best knowledge and news about information systems so you can make smarter buying decisions for your business.