Forecast and Budget Builder Review - why 4.7 stars?

Forecast and Budget Builder Review
ITQlick Score: 62/100
ITQlick Rating: (4.7/5)
Pricing: 6.8/10 - high cost
Category: Budgeting & CPM -> Forecast and Budget Builder
Ranking:Ranked 26 out of 50 Budgeting & CPM systems
Company: Bizpep
Pricing: starts at $69 per license
Typical customers: Small, medium and large size businesses
Platforms: Desktop
Links: Forecast and Budget Builder pricing, Forecast and Budget Builder alternatives

Shlomi LaviShlomi Lavi / updated: Mar 24, 2021

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What is Forecast and Budget Builder?

Forecast and Budget Builder is an accounting and billing software released in 2010 by the Bizpep Group. It was developed to help people quickly build a 3 year business forecast in just a few clicks without having to be an expert in finance. The software also offers Sensitivity Analysis and budgeting for 12 months.

The Bizpep Group is a team made of software developers that build very simple tools to target specific tasks run on a computer. The group has released a number of business and web development solutions in the market hoping to serve a small niche of business owners.

What is Forecast and Budget Builder rating? ()

The rating of Forecast and Budget Builder is 4.7 stars out of 5 and the total score is 62 out of 100. The ratings are based on our unbiased experts. Learn more in our rating methodology page

Who are Forecast and Budget Builder's typical customers?

Forecast and Budget Builder was designed for the average Joe. It is for starters who just own very small businesses and are not so technically inclined when it comes to planning and budgeting. The software can be used by businesses made of less than 5 people who want to look 3 years into the future and get a fair idea of what could have been achieved by then.

Forecast and Budget Builder was developed to just facilitates Excel processes. It would be a good fit for users who already use the Excel program but are looking for faster and automated ways of forecasting and budgeting.

Is Forecast and Budget Builder the best Budgeting & CPM?

Forecast and Budget Builder is ranked 26 out of 50 software in their category (Budgeting & CPM systems).

What are their main features and functionalities?

The software can help you streamline the process of developing a 12 month budget. It can also simplify the process of developing a 3 year business forecast. Forecast and Budget Builder requires minimal input to be able to generate forecast. Once a forecast is generated, you can then build a 12 month master budget. That budget can then be refined with respect to what you are trying to achieve.

With this tool, you should get a fair picture of what to expect in the near future with some level of accuracy.

What are Forecast and Budget Builder's pros? (5 Pros)

  • Only requires minimal input to generate a business forecast
  • Much more affordable than most other accounting software
  • Easily imports data from Microsoft Excel spreadsheet
  • Offers possibility to refine budget to achieve specific goals
  • Sensitivity Analysis and Budget appear in tabular and graphical form

What are Forecast and Budget Builder's cons? (2 cons)

  • Only available in the English language
  • The software is restricted to basic functions and that may be seen as a limitation

Who are their main alternatives?

Unfortunately for Forecast and Budget Builder, it finds itself in the midst of powerful competitors in front of which it would be seen as a ridiculous software. We are talking competitors like Plan Guru, Adaptive Planning, NetSuite Financials, Budget Maestro, SAP Accounting, Deltek Vision and FinancialForce Accounting.
 
Forecast and Budget Builder is just not a match to any of the competitors listed above. It is a very simplistic software without cloud computing, multiple currency conversion, smartphone apps and integration of other online tools.
 
Forecast and Budget Builder can only be useful to an average Joe that needs to restrict himself to very basic forecasting. Its only strength is the fact that it is much more affordable.

What is the cost of Forecast and Budget Builder?

The cost of license starts at $69 per license. 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 6.8 out of 10 (10 is most expensive). Find here the REAL total cost breakdown for Forecast and Budget Builder

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

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

Forecast and Budget Builder's list of categories:

Budgeting & CPM

Forecast and Budget Builder's list of features:

Capital budget
Cash flow/cash budget
Expenditure budget
Marketing budget
Production budget
Project Budgeting
Revenue budget
Sales budget

Forecast and Budget Builder Vs. Alternatives

ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
Score ITQlick Score is a 1 to 100 score, based on pricing, and functionality Vs. alternative solutions
Pricing 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)
Functionality
Review
Compare
Forecast
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
Score
62/100
Pricing 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
6.8/10
License pricing license pricing (if provided by the software vendor)
$69 per license
Functionality
9
Compare
Adaptive
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
Score
94/100
Pricing 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
8/10
License pricing license pricing (if provided by the software vendor)
Pricing not available
Functionality
28
Neubrain
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
Score
92/100
Pricing 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
Functionality
17
Budgyt
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
Score
89/100
Pricing 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
3/10
License pricing license pricing (if provided by the software vendor)
$199 per month
Functionality
3
Review
PlanGuru
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
Score
87/100
Pricing 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
2.8/10
License pricing license pricing (if provided by the software vendor)
$99 per month
Functionality
22
Author
Shlomi Lavi - admin

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.