Best Budgeting & Forecasting Software

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

Last updated: Sep 19, 2019
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick score ITQlick Score is a 1 to 100 score, based on pricing, and functionality Vs. alternative solutions
Pricing score pricing Score is a 1 to 10 score, based on the TCO (cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
License pricing license pricing (if provided by the software vendor)
Hosting
Functionality score
Fit small business
Fit medium business
Fit large business
Software review
Compare
Neubrain
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick Score
92/100
Pricing score Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
4/10
License pricing license pricing (if provided by the software vendor)
Pricing not available
Hosting
On premise and Cloud
Functionality score
17
Fit small business
Fit medium business
Fit large business
Software review
Budget
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick Score
89/100
Pricing score Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
6.4/10
License pricing license pricing (if provided by the software vendor)
Pricing not available
Hosting
On premise and Cloud
Functionality score
29
Fit small business
Fit medium business
Fit large business
Software review
Expensify
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick Score
85/100
Pricing score Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
4.6/10
License pricing license pricing (if provided by the software vendor)
Pricing not available
Hosting
NA
Functionality score
6
Fit small business
Fit medium business
Fit large business
Software review
360
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick Score
85/100
Pricing score Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
2.6/10
License pricing license pricing (if provided by the software vendor)
$15 Per month
Hosting
On premise and Cloud
Functionality score
3
Fit small business
Fit medium business
Fit large business
Software review
Crunch
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick Score
83/100
Pricing score Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
5/10
License pricing license pricing (if provided by the software vendor)
$60 Per month/user
Hosting
NA
Functionality score
6
Fit small business
Fit medium business
Fit large business
Software review

TOP 10 Budgeting & Forecasting Software

1. Neubrain

  • Best for: Medium business, Large business
  • Price:
  • Mar 30, 2019
Compare Neubrain Vs. Neubrain

Neubrain is cloud-based budgeting and performance management solution which is designed for large and midsize enterprises as well as the government institutions. The primary features includes budgeting, financial consolidations forecast planning, and performance management among others.


2. Budget Maestro

  • Best for: Small business, Medium business, Large business
  • Price:
  • Sep 19, 2019
Compare Budget Maestro Vs. Neubrain

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.   Who Budget Maestro is best for ...


3. Expensify expense management

  • Best for: Small business, Medium business, Large business
  • Price:
  • May 02, 2019
Compare Expensify expense management Vs. Neubrain

Expensify links up with the majority (98%) of US personal or corporate credit cards and bank accounts. We also support a growing number of international banks. We’ll pull in new transactions nightly and even give you eReceipts for qualifying purchases.


4. 360 Cloud Accounting

  • Best for: Small business
  • Price: Starting from $15 Per month
  • Jan 13, 2019
Compare 360 Cloud Accounting Vs. Neubrain

The only accounting solution that has an embedded Smart Data Capture to transfer your invoices and receipts into data! Project Based Costing and Cashflow Forecast!


5. Crunch Accounting

  • Best for: Small business, Medium business
  • Price: Starting from $60 Per month/user
  • May 15, 2019
Compare Crunch Accounting Vs. Neubrain

Use our simple, real-time online accounting software to stay on top of your finances.By combining intelligent cloud software with a dedicated team of experts, Crunch has created a devilishly simple online accounting package.


6. True Sky

  • Best for: Small business, Medium business, Large business
  • Price:
  • Jan 13, 2019
Compare True Sky Vs. Neubrain

True Sky CPM software simplifies the budgeting and forecasting process by providing real-time access to information, increased process control, tight security and great accuracy, helping the CFO: Align strategies and priorities Meet financial targets Adjust rapidly to market changes Avoid surp...


7. Allocadia

  • Best for: Medium business, Large business
  • Price:
  • Mar 27, 2018
Compare Allocadia Vs. Neubrain

Allocadia helps marketers take the complexity and mystery out of determining the ROI for their marketing investments. We provide an easy-to-use SaaS solution for marketing teams to manage their marketing budgets and see their marketing ROI.


8. AccountingSuite

  • Best for: Small business, Medium business, Large business
  • Price: Starting from $19 Per month
  • Jan 13, 2019
Compare AccountingSuite Vs. Neubrain

AccountingSuite™ is Cloud Banking automatically connects to your bank accounts daily so you’ll spend less time entering transactions.


9. Dynasoft TeleFactura Telecom Billing

  • Best for: Small business
  • Price: Starting from $49 Per month
  • Jan 13, 2019
Compare Dynasoft TeleFactura Telecom Billing Vs. Neubrain

TeleFactura is the definitive convergent Telecom CDR billing software system with Radius, Xero and Sage integrations. Our modern and intuitive solution can be used for voice, VoIP, mobile MVNO, data and ISP billing, call accounting and rating, data mediation, provisioning, account reconciliation, Te...


10. PlanGuru

  • Best for: Small business
  • Price: Starting from $99 Per month
  • Mar 30, 2019
Compare PlanGuru Vs. Neubrain

PlanGuru software is a cloud-based budgeting and business planning solution designed for small/medium organizations and nonprofits that can also be offered through an on-premise solution.



A Buyer's Guide to Budgeting & Forecasting Solutions

Budgeting Software Buyer’s Guide
 
Budgeting, forecasting and reporting are essential finance-related activities in every organization. Budget management is being done both in the private and public sectors, and even on our personal finance. There are many factors that could affect budget allocation or appropriation – market drivers, economic activities, internal prioritization of projects, customer demand forecast, and even the political will of business leaders and executives is also accounted on that. From another angle, things around accounting and finance have dramatically changed over the past decades. From manual pen and paper, to manual spreadsheets, and today, here come the Budgeting Software products. Be it for business, government, or personal use, there is a right software solution if it’s about budgeting.
 
We from ITQlick.com have been a witness to these innovations in the world of financial management. We understand that the long-term survival of every business largely depends on its ability to establish a budget and operate within its boundaries. In this respect, we prepared this Buyer’s Guide for the acquisition of a budgeting software solution for we believe that every business deserves to be equipped with an intelligent financial planning tool. After reading this buyer’s guide, we are confident that you can single-out that solution that is just right for your current and future business environment.
 
Types
As we earlier introduced, budgeting software solution extends from personal, government and business use. This “user groups” can be considered as one of the categories of budgeting software solution. There is another category that when carefully examined can help you better in finding the more specific type of solution for your organization. Below are the types of software solution base on the “deployment model” category.
 
Web-based
This type of software solution is also known as the “online” version. Via the internet, your finance team can instantly access the tools for budgeting. Although there is security risk involve when using online solutions, many vendors have removed the consumer doubts by employing better security and protection features such as password protection and anti-identity theft measures. In addition to that, features such as banking, reporting, tax options, and personal investing are all present in most web-based solutions.
 
On-premise
Commonly called as “software”, on-premise solutions are those packages that require installation into your computer, or computer network depending on the number of designated users. This type of solution is also known for providing advanced functionalities and enterprise level features. Aside from basic budget planning, most packages basically offer business performance analysis, business intelligence, and integration capability with larger systems particularly Accounting and Financial systems. On-premise offers higher level of security compared to web-based types.
 
And we should not forget mentioning Software-as-a-Service (SaaS). This is the latest trend in web-based solutions and more and more companies are investing on this type these days. Industry-specific or “purpose-built” software solution, on the other hand, is another version of most on-premise solutions that is popularly used by businesses with unique budgeting requirements. These are businesses that belong to the vertical markets.
 
Features
In some industries, the terms “money software” and “budget management software” are predominantly used. Those are terminologies not to be confused about. What sets budgeting software solutions apart are the features they have and the selling proposition (which could have created those other terminologies) of different solution providers. Of higher importance when selecting the right solution is to go over the list of features and decide, with the help of your finance team or consultants, which of them is really needed by your business. From sophisticated down to basic, here are those features to check.
 
Key Features
  • Rolling/Driver-based Forecasting and Budgeting
  • Complete Management Capability including robust Workflow creation, Versioning and Audit-compliant mechanisms
  • Enterprise-class Online Analytical Processing (OLAP)
  • Business Intelligence tools
  • Multi-dimensional Reporting and Variance Analysis
  • Creation and Management of Planning Models
  • System Integration and Extension Functions
 
Common Features
  • Ease of Use
  • Security and Protection
  • Basic Reporting (Pie charts and line graphs)
  • Help and Maintenance Support
  • Support for Add-on Features  such personal investing, internet banking, tax options
  • Ability to Interface with Excel spreadsheet programs
  • Operating System (OS) Compatibility
 
Solutions per Business Size, per Vendor
Next to features and cost, the deciding factor for must buyers is often traced back on their concerns about the solution’s suitability to the size of their business. With the help of our software experts from ITQlick.com, here are then the lists of software solution vendors in the market today that are grouped according to size of businesses they serve. Use them as your starting point when searching for the right solution provider.
 
Small Business
For small business or start-up owners, if you’re looking for a basic budgeting solution with user-friendly interface and intuitive features, choice of online or desktop/software version, consider checking the vendors on this list.
  • Moneydance
  • Budgetpulse
  • Buxfer
  • ClearCheckbook
  • Moneystrands
  • Mvelopes
  • Pocketsmith
  • Yodlee
  • NeoBudget
  • Budget by Snowmint
 
Medium-size Business
This list of solutions features forecasting, planning, and budgeting. Growing businesses who are planning to choose SaaS-based solution should also consider reviewing this list in detail.
  • Quicken Starter Edition
  • AceMoney
  • Moneydance
  • BankTree
  • Simple Home
  • RichorPoor
  • iCash
  • BudgetExpress
  • PiggyBobpremium
  • You Need A Budget 4 (YNAB)
 
Large Enterprises
Integrated suites and Business Intelligence suites are best options for large businesses. These providers have proven track records in the budgeting software market.
  • Centage
  • Alight Planning
  • Adaptive Planning
  • Microsoft Forecaster,
  • IBM Cognos
  • Oracle Hyperion
  • Solver’s BI360
  • Axiom
  • BOARD
 
Pricing Considerations
Business executives cannot afford to loose their investments by not going into every detail and angle of the software solution that they are going to purchase. The money they will spend today, base on their existing budgeting tool, shall reflect positive outcomes on the software solution they are going to implement in the near future. If it’s about money, there are important matters that require the experience and expertise of people from finance or financial consulting firms. Your management team needs to sit with them and discuss the following.
 
Total Cost of Ownership (TCO)
TCO is equivalent to the summation of software cost, implementation, annual maintenance and support, and labor cost. Computing the TCO can be a laborious job and it is important that you discuss this with management consultants in the software business.
 
Capital Expenditure versus Operating Expenses
If your plan is to invest on perpetual software license which price ranges from $3,000 to $10,000 at the lower end of the market all the way up to $30,000 to $50,000 at the higher end, this will be charged against your CAPEX.  Going with monthly subscription which price is ranging from $100 to $1000 per month for small businesses going up to $5000 to $10,000 per month for mid-size businesses, this SaaS-based solution investment will be charged against your operating expenses. You have to analyze these figures carefully.
 
Profit and Loss Forecast (P&L), Return on Investment (ROI)
Subscription-based solutions, whether annually or monthly, must be computed against P&L as well as on ROI. Investment on software solutions has direct effects on the revenue and cost of running the business and so it must be dealt with accordingly.
 
Overall Organization’s Objective
More importantly, your management must assess the overall implication of this major investment to the entire organization. What would be the situation of the business three to five years after the implementation of the budgeting software solution? Your answer to this must be supported with fool-proof facts and figures.
 
Market Trends
Budgeting is a scrupulous process, indeed. As much as an organization can, budgeting should always be accurate. With budgeting software technology, this concern is halfway attended. Over the years, software technology has finally indentified the solution to the budgeting constraints felt by many organizations.
 
Traditional spreadsheets are still there but advanced performance management solutions are reported to lessen the time spent on budgeting – that is a significant 1-2 months budgeting time saved.
 
Mergers and acquisitions of leading solution providers in budgeting have been the trend over the last 3 years. The good news is that the main purpose of these events is to introduce better improvements on the existing solutions offered by the companies involve.
 
The impact of SaaS, being a low cost and easy to implement solution, is obviously felt by thousands of companies in the SME market.
 
Solution providers are not stopping in bringing better performing solutions to the market. It is indeed safe to say that a buyer like you can expect a lot more of positive trends in the budgeting software market in the coming months and years – an indication that buying the solution should more or less should happen at anytime from today.

ITQlick chart - 2019 best Budgeting & Forecasting Software

2019 best Budgeting & Forecasting Software | ITQlick.com
Finding the right Budgeting & Forecasting software for your business
Proper Budgeting & Forecasting software selections are the precursor to successful deployment and business growth. Finding the right Budgeting & Forecasting solutions doesnít have to be complicated, and it doesnít have to take days or weeks of your time.

After researching over 5,000 systems, we can identify the best solution for companies of all shapes and sizes. ITQlick.com is 100% free for software buyers.



Recent Budgeting & Forecasting Articles

08 Sep

How to Find Supply Chain Software in 5 Easy Steps

Supply chain is integral to every business. It is the backbone of every industry. With a reliable software tool, there is less work to manage the supply chain, and you can enjoy better control over business processes and improved chain workflow. The ...... read more


20 Apr

5 Differences Between Clarizen and Vorex Software

Project management is one of the most challenging tasks in a business. An efficient project management solution is designed to facilitate advanced task management, automation, scheduling, communication, resource allocation, budgeting, and task collab...... read more


05 Nov

Compare Accounting Software for Nonprofit Organizations

From churches to local chambers of commerce to faith-based ministries, all nonprofit organizations need a solution to efficiently manage their day-to-day income and expenses. With fund shortage for managing administrative tasks and strict compliance ...... read more