Buxfer Review - why 4.8 stars?

Buxfer Review
ITQlick Score: 90/100
ITQlick Rating: (4.8/5)
Pricing: 3.2/10 - low cost
Category: Accounting & Finance -> Buxfer
Ranking:Ranked 12 out of 419 Accounting & Finance systems
Company: Buxfer Inc.
Pricing: starts at $3.99 per month
Typical customers: Start up, Small business, Medium business, Large business
Platforms: Desktop
Links: Buxfer pricing, Buxfer alternatives

Shlomi LaviShlomi Lavi / updated: Mar 22, 2022

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What is Buxfer and its features?

Buxfer is a cloud-based money management software solution that helps users access all their accounts in one place, save for future goals, understand where their money goes, and curtail unwanted spending. The web-based platform has several features, and some of its features are discussed below:
  • Sync: The Sync feature on Buxfer helps users see all their accounts, balances, and transactions in one central point while synchronizing new transactions and keeping the account balances updated across the board.
  • Insights: Buxfer helps users understand where their money goes with powerful tools like automated and manual tagging systems, rules, along with top movers and timelines for monitoring income deviations.
  • Budget: Buxfer helps users prepare budgets and cut spending, allowing them to create budgets based on envelope budgeting, set spending limits for each tag, receive alerts when spending limits are exceeded, and monitor spending on the go.
  • Forecast: The Forecast tool helps users estimate their future account balances, income, and spending based on past spendings, upcoming transactions, budgets, and reminders.
  • Retirement Planner: With the Retirement Planner, users can create financial plans towards achieving long-term goals like retirement, leveraging the forecast tool for proper planning and investing.
Buxfer was founded in 2007. The company runs as a fully remote organization and has between 1-10 employees.

What is Buxfer rating?

The rating of Buxfer is 4.8 stars out of 5 and the total score is 90 out of 100. The rating score is based on our unbiased data-based algo. Learn more - rating methodology page.

Who uses Buxfer?

The typical customers include the following business size: Start up, Small business, Medium business, Large business.

Is it easy to use?

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

Is Buxfer 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 Buxfer can't be accessed on mobile, you would need to access it from your computer.

Is Buxfer the best Accounting & Finance system?

Buxfer is ranked 12 out of 419 software in their category (Accounting & Finance systems).

What are Buxfer's pros? (3 Pros)

  • Buxfer is fairly easy to use and supports flexibility
  • The platform supports synchronization with over 20,000 banks
  • Buxfer has a forecasting tool that is generally helpful for its users

What are Buxfer's cons? (2 cons)

  • The budgeting functionality options are somewhat limited on Buxfer
  • The platform is slightly more expensive than most of its top alternatives

Who are their main alternatives?

In the money management software category, the following software options are the top alternatives to Buxfer: Quicken, Spendee, Moneydance, and Intuit Mint. In the select aspects below, Buxfer is compared to its top alternatives:
  • Cloud/On-premise: Buxfer is a fully web-based money management software solution. In comparison, the top alternatives of Buxfer are cloud-based software, also deployable on desktop and mobile apps.
  • Cost: Buxfer pricing starts at $3.99 per month, billed annually, and no free trial or free version is available. In comparison, Quicken pricing starts at $31.19 per year, Spendee pricing starts at $14.99 per year, Moneydance pricing starts at $49.99 per lifetime license, and Mint does not disclose its pricing details. Spendee and Mint have a free version available.
  • Customers/Industries: Buxfer is a money management tool for regular people, workers, professionals, business owners, freelancers, etc. In comparison, all top alternatives of Buxfer target similar customers and industries like regular people, entrepreneurs, etc.
  • Functionality: Buxfer comes with tools and features common to online money managers like mobile apps, budgeting, accounts sync, etc. Compared to its top alternatives, Buxfer does not have features for property management like Quicken and shared wallets like Spendee. Also, the Forecast feature on Buxfer is not available on any of its top alternatives.
  • Popularity: Buxfer was founded in 2007 and has tracked over 28 billion dollars in more than 150 countries. In comparison, Mint has over 30 million users, and over 17 million people use Quicken to manage their finances.
  • Scalability: Buxfer is a personal finance tool and is scalable for all kinds of users regardless of transaction volume. In comparison, all top alternatives of Buxfer are equally scalable software and can handle personal finance needs or business finance needs.
  • Support: Users of the Buxfer platform access support through a knowledge base and an FAQ section. Compared to its top alternatives, Buxfer does not offer support through phone, live chat, and community as Quicken does. Also, Mint offers chat support, and Spendee offers support through the email channel, which is unavailable on Buxfer.

What is the cost of Buxfer?

Buxfer pricing is based on three core subscription plans: Plus, Pro, and Prime. No free trial offer is available, and all plans are billed annually. Buxfer Plus pricing starts at $3.99 per month, and it features unlimited accounts, automatic bank sync, and manual upload.

Buxfer Pro pricing starts at $4.99 per month, and it comes with all features of the Plus plan plus timeline and smart alerts. Buxfer Prime pricing starts at $9.99 per month, and it has all features on Pro plus investments, access control, and retirement planner.

What is the REAL total cost of implementation? on top of the total cost of licenses which is easy to calculate you need to add the cost of training, customization, data migration, and other "hidden cost". ITQlick pricing score is 3.2 out of 10 (10 is most expensive). You can fine here the REAL total cost breakdown for Buxfer. You can also find here pricing information from Buxfer's website.

What should you ask Buxfer Inc. during a demo session? (65 questions)

Schedule a demo with Buxfer and access 65 must ask questions for the vendor while watching Buxfer in action. Visit the vendor's website here.

Where Buxfer is used?

Buxfer is an online financial and money management tool built to help everyday people accomplish their financial goals and manage money better. The platform fits all kinds of money management needs, including retirement planning, budgeting, and financial insights.

List of categories

Accounting & Finance
Remote Access

List of features

Accounts Payable
Accounts Receivable
Billing & Invoicing
Budgeting & Forecasting

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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.