Budget Maestro Review - why 4 stars?

Budget Maestro Review
ITQlick Score: 87/100
ITQlick Rating: (4/5)
Pricing: 6.4/10 - high cost
Category: Business performance management -> Budget Maestro
Ranking:Ranked 3 out of 46 Business performance management systems
Company: Centage Corporation
Pricing: starts at $10,000 per year
Typical customers: Small, medium and large size businesses
Platforms: Desktop, Mobile, Cloud
Links: Budget Maestro pricing, Budget Maestro alternatives

Shlomi LaviShlomi Lavi / updated: Apr 05, 2022

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What is Budget Maestro?

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.

What is Budget Maestro rating?

The rating of Budget Maestro is 4 stars out of 5 and the total score is 87 out of 100. The ratings are based on our unbiased experts. Learn more in our rating methodology page

Who uses Budget Maestro?

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.

Is Budget Maestro the best Business performance management system?

Budget Maestro is ranked 3 out of 46 software in their category (Business performance management systems).

What are their main features and functionalities?

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.

What are Budget Maestro's pros? (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

What are Budget Maestro's cons? (5 cons)

  • Does not support Bank nor credit card sync
  • No help desk or Live chat integrated into the software
  • Can not be used on Linux or Mobile handsets
  • Available in the English language
  • Does not support the printing of checks and invoicing

Who are their main 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.

What is the cost of Budget Maestro?

The cost of license starts at $10,000 per year. On top of the total cost of licenses which is easy to calculate - what is the REAL total cost of implementation? You need to add the cost of training, customization, data migration, and other "hidden cost". ITQlick pricing score is 6.4 out of 10 (10 is most expensive). You can find here the REAL total cost breakdown for Budget Maestro. You can also find here pricing information from Budget Maestro's website.

What should you ask Centage Corporation during a demo session? (65 questions)

Schedule a demo with Budget Maestro and access 65 must ask questions for the vendor while watching Budget Maestro in action.

List of categories

Accounting & Finance
Fixed Asset Management
Budgeting & CPM
Financial reporting
HR Accounting
Payroll Accounting
Accounting Practice Management
Business performance management
Dashboards & KPIs
Expense Tracking
Project Budgeting
Project Forecasting

List of features

Accounts Payable
Accounts Receivable
Budgeting & Forecasting
Cash Flow
Credit Card Processing
Sales Reporting
Tax compliance
Time & Expense
Agile Project Management
Budget & Expense Management
Issue Tracking
Project Management
Resource Management

Budget Maestro Vs. Alternatives

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$10,000 per year
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$9,995 per license
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$150 per user/month
ITQlick rating
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$1,250 per license

Shlomi Lavi

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Shlomi holds a Bachelor of Science (B.Sc.) in Information System Engineering from Ben Gurion University in Israel. Shlomi brings 15 years of global IT and IS management experience as a consultant, and implementation expert for small, medium and large size (global) companies.