Forecast and Budget Builder Review

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

Last updated: Apr 02, 2018

Forecast and Budget Builder Review

17 reviews
(4.7/5)

Starting from $69 Per license

Forecast and Budget Builder builds a 3 year business forecast with Sensitivity Analysis and a 12 month budget. It can be utilized for existing and proposed businesses. The Forecast and Budget Builder is a strea

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What is Forecast and Budget Builder? Updated: Apr 02, 2018

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.

Forecast and Budget Builder Average Rating -

The average rating of Forecast and Budget Builder is 4.7 stars. The rating is based on 17 aggregated online reviews.

Forecast and Budget Builder 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.

Forecast and Budget Builder Features

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.

Forecast and Budget Builder 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

Forecast and Budget Builder 2 Cons

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

Forecast and Budget Builder 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.

Forecast and Budget Builder Pricing Information

Forecast and Budget Builder can be purchased online at $69


Forecast and Budget Builder Training Videos


25 MUST Ask Questions Before Buying Budgeting & Forecasting Software

The prime purpose behind investing in the software solution is to boost efficiency and growth. Ask the software vendor (Bizpep) how their business app would improve efficiency of your enterprise.
Forecast and Budget Builder has tremendous exposure to different companies. They offer the same type of software to different industries, so they are better aware of who is doing what with their technological product. This also helps them understand and foresee what’s really working. Allow them to share their observations so that you get an ideas about their experience, expertise, and intelligence. This will also be an opportunity to identify the service providers who come up with the most insightful suggestions.
Perhaps your business is growing, will expand in the future and your Budgeting & Forecasting requirements with it. So you would be interested to know if Forecast and Budget Builder is scalable and can grow with you. It’s no use investing in a solution that can be scaled.
Each business has different needs. Yours is no different. When it comes to selecting a software solution, you are looking for a tool that can be easily customized and configured to cater to your specific business needs. So you want to understand if Forecast and Budget Builder you want to buy is easy to customize.
Such a community forum is the best way to engage users. Getting access to Forecast and Budget Builder forums can help new or proposed users connect with product experts through peer-to-peer discussions.
Forecast and Budget Builder should answer how their business software will improve your bottom line and ROI.Most service providers make tall claims, so you want to make sure you get your hands on the best solution.
Before choosing a business app, you want to understand that the implementation would be smooth. So you should be interested to find out about the person responsible for handling the implementation process. Do not hesitate to ask Forecast and Budget Builder about their qualifications.
A good software vendor should be able to show you a positive track record with their implementation strategy.Try to find out if Forecast and Budget Builder method is structured. Your purpose should be to look for one that is structured and flexible to adapt to unexpected situations.
The software vendor should give you a structured data conversion methodology that will enable smooth migration of your information to the new system.
A growing business is always in need for expansion and integration with thrid-party apps is a part of the growth model. When it comes to choosing software, make sure the business app provides an application programming interface for easy integration.
Ask the software product vendor if the tool will allow you to export data to an external file or import data from external sources.
Ask the software vendor (Bizpep) if the software package includes consulting hours. Do not hesitate to ask if there are any hidden charges involved.
You do not want to be caught unawares when a software vendor sends a technician to resolve an issue that may crop up due to varied reasons. You want to make sure the charges are reasonable. Better still, you should be aware of what needs to be paid to the technician sent by the vendor to fix a problem.
You do not want to fall in love with the front end unless you are 100% sure that the software is compatible with your existing system. Ask the software vendor is you need any specific hardware to install the software. Will the business application run on your existing workstations. How much space will the software take on the disk drive? Is there a need for RAM upgrade to successfully run the software for optimum performance?
You should enquire about the cost of having more than one terminal in your store. While some software vendors charge on the basis of the number of store locations, others charge per terminal.
When you are looking for a software solution, make sure you know if the vendor charges any fee to get you started. You should also be interested to know if there are any software maintenance charges for you to pay.
Your business is accountable to customers, regulators, employees, and partners. So you should look for one software vendor who has adopted a comprehensive, technically sound security and compliance program. Does the vendor map your needs for security controls?
Data loss can prove extremely risky for any business. So you should always ask the vendor about their backup policy. How often is data backed up and what is the cost for the same?
What is the software vendor's policy on disaster recovery? Are any charges involved for disaster recovery support if a catastrophic hardware failure affects your system?
How easy is the software to work on? Is it user friendly for your end users? Does it involve any complexities that are difficult to understand for the team? Even a feature-rich solution is of no use if end users find it difficult to use.
Bizpep should clearly mention whether the solution is complex or simple to use. If it is not an easy-to-use software solution, then do they provide training? What is the level of training your team requires to make the most of the solution?
You will be interested to know about the software updates. When is it updated? Does the service provider notify customers when the upgrades are scheduled? Does the software work when the upgrades are under way? How long does the process take?
You should be interested to enquire about how an issue is handled at the side of the software vendor. Do not hesitate to question about who will respond to your emergency calls. What is their experience in software industry?
If the software vendor is widely popular, chances are that they have a good product. So always check their client base to measure their product's competence in the market.
Testing is crucial to ensuring that the software runs as promised. So you should try to find out if the vendor offers any free trial runs or try before you buy the product. By testing the concept first, it gets easier to understand the software product's functionality and allay fears before signing a contract.


Forecast and Budget Builder Categories


Specifications

Company:
Address: Unit 2, 49-51 River Esplanade Mooloolaba Queensland, Australia
Customers: Small business, Medium business, Large business
Business Area: Finance management
Platforms: Desktop
Operating Systems:


Forecast and Budget Builder Features


Forecast and Budget Builder - Top 10 Alternatives and Competitors

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.

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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.
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 doesn’t have to be complicated, and it doesn’t have to take days or weeks of your time.

After researching over 2,000 systems, we can identify the best solution for companies of all shapes and sizes. ITQlick.com is 100% free for software buyers.


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