Budget Maestro Review

Let our Budgeting & Forecasting Software Experts help you find the right Software for your Business!

Last updated: Oct 21, 2018

Budget Maestro Review

13 reviews
(4.5/5)

Small business, Medium business, Large business

Budget Maestro (formerly known as Planning Maestro) is a software for mid-market enterprises looking to better manage their businesses and improve on performance. It was developed by the Centage Corporation Com

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What is Budget Maestro? Updated: Oct 21, 2018

Budget Maestro (formerly known as Planning Maestro) is a software for mid-market enterprises looking to better manage their businesses and improve on performance. It was developed by the Centage Corporation Company which has been offering its services since 2001.

Budget Maestro Average Rating -

The average rating of Budget Maestro is 4.5 stars. The rating is based on 13 aggregated online reviews.

Budget Maestro Typical Customers

Budget Maestro was developed to serve many kinds of industries, from public to private, startups to mature and from family-owned operations to Fortune 500 organizations. The software would work well in the industrial and service sector. It can be used in construction, retail, manufacturing, insurance, software engineering, health care, financial service and education.

Notable customers currently using the software are Kiz Studios, AWEA, yorktel, Epson, Houston Food Bank, HunterDouglas, Auto Value, Baker Tilly and Gold's Gym.

Budget Maestro Features

With Budget Maestro, you should be able to better manage critical financial data with just a few clicks. The interface of the software is intuitive and formula-free. It does not require specialist to be able to use it. With it you should be able to streamline the planning process and have a unified picture of the financial status of your company.

Budget Maestro can process all information related to your company's budget plan in a centralized integrated platform and give you a comprehensive solution even if your company has many offices spread in different locations.

Budget Maestro 5 Pros

  • Available both as an online service and as client server software
  • Integrates the Business Intelligence Add-On module
  • Telephone support available 24/7
  • Can be used in currencies other than the US dollar
  • Supports automated journal entries and bank reconciliation

Budget Maestro 2 Cons

  • Does not support Bank nor credit card sync
  • No help desk or Live chat integrated into the software

Budget Maestro Alternatives

Some of the main competitors for Budget Maestro are Adaptive Planning and Planguru.

Adaptive Planning is a cloud based solution that can handle planning requirements for revenue management & cash flow requirements, resource allocation, capital assets reviews as well as sales forecasting. Additionally it has a feature for rolling forecasts which models both real-time data and different scenarios to improve planning schedules for better performance. The product is also based on workflows to model the organization’s planning process.

Budget Maestro on the other hand includes these solutions but also includes debt financing & interest management, as well as income & sales tax planning & forecasting. There are also analytic tools with dashboards and KPIs for performance analysis along with options for multi-dimensional reporting. Additionally while Budget Maestro is workflow based it also includes an audit trail to validate the effectiveness of the planning process.

Then there is Planguru which includes over twenty inbuilt forecasting methods with the option to create customized models. Additionally the product allows budgeting to be done on various periods of up to ten years if required with no limitations on the number of projections that can be done. There is also support for business valuation analysis for profitability with analytic tools for budget & planning reporting. The product is also available as an on premise or hosted cloud based solution.

Budget Maestro in comparison is also available as an on premise or cloud based solution, but offers an API to integrate with leading enterprise applications. Additionally the product supports both multi- currency and multi-lingual requirements as well.

Budget Maestro Pricing Information

There is option to either get a proprietary license or pay a monthly subscription.


Budget Maestro Categories


Specifications

Company:
Address: Natick, MA
Customers: Small business, Medium business, Large business
Business Area: Customer service, Finance management, Information technology, Marketing, Project Management, Service management, Other
Platforms: Desktop
Operating Systems: Mac OS, Windows, Linux


Budget Maestro Features


25 MUST Ask Questions Before Buying Budgeting & Forecasting Software

The prime purpose behind investing in the software solution is to boost efficiency and growth. Ask the software vendor (Centage Corporation) how their business app would improve efficiency of your enterprise.
Budget Maestro has tremendous exposure to different companies. They offer the same type of software to different industries, so they are better aware of who is doing what with their technological product. This also helps them understand and foresee what’s really working. Allow them to share their observations so that you get an ideas about their experience, expertise, and intelligence. This will also be an opportunity to identify the service providers who come up with the most insightful suggestions.
Perhaps your business is growing, will expand in the future and your Budgeting & Forecasting requirements with it. So you would be interested to know if Budget Maestro is scalable and can grow with you. It’s no use investing in a solution that can be scaled.
Each business has different needs. Yours is no different. When it comes to selecting a software solution, you are looking for a tool that can be easily customized and configured to cater to your specific business needs. So you want to understand if Budget Maestro you want to buy is easy to customize.
Such a community forum is the best way to engage users. Getting access to Budget Maestro forums can help new or proposed users connect with product experts through peer-to-peer discussions.
Budget Maestro should answer how their business software will improve your bottom line and ROI.Most service providers make tall claims, so you want to make sure you get your hands on the best solution.
Before choosing a business app, you want to understand that the implementation would be smooth. So you should be interested to find out about the person responsible for handling the implementation process. Do not hesitate to ask Budget Maestro about their qualifications.
A good software vendor should be able to show you a positive track record with their implementation strategy.Try to find out if Budget Maestro method is structured. Your purpose should be to look for one that is structured and flexible to adapt to unexpected situations.
The software vendor should give you a structured data conversion methodology that will enable smooth migration of your information to the new system.
A growing business is always in need for expansion and integration with thrid-party apps is a part of the growth model. When it comes to choosing software, make sure the business app provides an application programming interface for easy integration.
Ask the software product vendor if the tool will allow you to export data to an external file or import data from external sources.
Ask the software vendor (Centage Corporation) if the software package includes consulting hours. Do not hesitate to ask if there are any hidden charges involved.
You do not want to be caught unawares when a software vendor sends a technician to resolve an issue that may crop up due to varied reasons. You want to make sure the charges are reasonable. Better still, you should be aware of what needs to be paid to the technician sent by the vendor to fix a problem.
You do not want to fall in love with the front end unless you are 100% sure that the software is compatible with your existing system. Ask the software vendor is you need any specific hardware to install the software. Will the business application run on your existing workstations. How much space will the software take on the disk drive? Is there a need for RAM upgrade to successfully run the software for optimum performance?
You should enquire about the cost of having more than one terminal in your store. While some software vendors charge on the basis of the number of store locations, others charge per terminal.
When you are looking for a software solution, make sure you know if the vendor charges any fee to get you started. You should also be interested to know if there are any software maintenance charges for you to pay.
Your business is accountable to customers, regulators, employees, and partners. So you should look for one software vendor who has adopted a comprehensive, technically sound security and compliance program. Does the vendor map your needs for security controls?
Data loss can prove extremely risky for any business. So you should always ask the vendor about their backup policy. How often is data backed up and what is the cost for the same?
What is the software vendor's policy on disaster recovery? Are any charges involved for disaster recovery support if a catastrophic hardware failure affects your system?
How easy is the software to work on? Is it user friendly for your end users? Does it involve any complexities that are difficult to understand for the team? Even a feature-rich solution is of no use if end users find it difficult to use.
Centage Corporation should clearly mention whether the solution is complex or simple to use. If it is not an easy-to-use software solution, then do they provide training? What is the level of training your team requires to make the most of the solution?
You will be interested to know about the software updates. When is it updated? Does the service provider notify customers when the upgrades are scheduled? Does the software work when the upgrades are under way? How long does the process take?
You should be interested to enquire about how an issue is handled at the side of the software vendor. Do not hesitate to question about who will respond to your emergency calls. What is their experience in software industry?
If the software vendor is widely popular, chances are that they have a good product. So always check their client base to measure their product's competence in the market.
Testing is crucial to ensuring that the software runs as promised. So you should try to find out if the vendor offers any free trial runs or try before you buy the product. By testing the concept first, it gets easier to understand the software product's functionality and allay fears before signing a contract.

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Budget Maestro 8 Alternatives