Compare Velocity LBM and Budgetrac Real Estate Development - Oct 2022

Shlomi LaviShlomi Lavi / Oct 01, 2022

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Bottom Line: Which is Better - Velocity LBM or Budgetrac Real Estate Development?

Budgetrac Real Estate Development is more expensive to implement (TCO) than Velocity LBM, and Budgetrac Real Estate Development is rated higher (82/100) than Velocity LBM (80/100). Both tools offer the same amount of features.

Looking for the right Construction solution for your business? Buyers are primarily concerned about the real total cost of implementation (TCO), the full list of features, vendor reliability, user reviews, and the pros and cons. In this article we compare between the two software products:

Focus Information Systems Vs. Budgetrac Systems, Inc

Focus Information Systems: Focus Information Systems (www.focusinformationsystems.com) is a leading software solutions provider for the Lumber, Building Material, and Millwork industries. The dedicated experts at Focus Information Systems specialize in providing industry specific solutions enabling our clients to gain immediate benefits in better management of their business...

Budgetrac Systems, Inc: Budgetrac software was developed specifically as project-oriented accounting software with the project perspective and the financial entity perspective receiving equal attention. The independent perspectives are the key to addressing real estate developer needs. The developer needs to see a project from the top down. Budgetrac’s success in the deve...

Who is more expensive? Velocity LBM or Budgetrac Real Estate Development?

The real total cost of ownership (TCO) of Construction software includes the software license, subscription fees, software training, customizations, hardware (if needed), maintenance and support and other related services. When calculating the TCO, it's important to add all of these ”hidden costs” as well. We prepared a TCO (Total Cost) calculator for Velocity LBM and Budgetrac Real Estate Development.

Velocity LBM accurate pricing info is available upon request (they don't share it publicly), however , On a scale between 1 to 10 Velocity LBM is rated 4, which is lower than the average cost of Construction software. Budgetrac Real Estate Development price starts at $1,600 per user/year , When comparing Budgetrac Real Estate Development to its competitors, the software is rated 6 - similar to the average Construction software cost.

Bottom line: Budgetrac Real Estate Development is more expensive than Velocity LBM.

Which software includes more/better features?

We've compared Velocity LBM Vs. Budgetrac Real Estate Development based on some of the most important and required Construction features.

Velocity LBM: Data Import/Export, Basic Reports, Online Customer Support.

Budgetrac Real Estate Development: Accounting Management, Cost Management, Project Management.

Target customer size

Velocity LBM's typical customers include: SMBs, Budgetrac Real Estate Development is specifically designed for real estate developers.

Velocity LBM

ITQlick rating
(4.9/5)

Velocity LBM software is a Windows-based lumber and building materials software that is built on SAP Business One platform. SAP Business One offers an integrated platform that is tailored to meet the needs of s...

Categories: Building, Construction, Product Roadmap.

Budgetrac Real Estate Development

ITQlick rating
(3.8/5)

starts at $1,600 per user/year

Budgetrac Real Estate Development is a cloud-based construction accounting software that is developed for businesses in the construction industry. The software is designed with features and specifications that ...

Categories: Construction, Web Based Construction, Lease Management, Project Management, Online Project Management.

Compare specifications

Compare features

Velocity LBM: 3 Features

Data Import/Export
Basic Reports
Online Customer Support

Budgetrac Real Estate Development: 3 Features

Accounting Management
Cost Management
Project Management
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick score ITQlick Score is a 1 to 100, the calculation is based on pricing, and functionality Vs. alternative solutions
Pricing score pricing Score is a 1 to 10 (10 is high cost), 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)
Functionality score
Software review
Compare
Velocity...
ITQlick rating
4.9/5
Score
80/100
Pricing
4.8/10
License pricing
Pricing not available
Functionality
6
Compare
Budgetra...
ITQlick rating
3.8/5
Score
82/100
Pricing
6.6/10
License pricing
$1,600 per user/year
Functionality
8
Procore
ITQlick rating
4.5/5
Score
99/100
Pricing
2/10
License pricing
$667 per month
Functionality
33
PlanGrid
ITQlick rating
4.6/5
Score
98/100
Pricing
2.6/10
License pricing
$39 per user/month
Functionality
16
BuilderTREND
ITQlick rating
4.5/5
Score
97/100
Pricing
2/10
License pricing
$99 per month
Functionality
31

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.