LivePlan Review - why 4.5 stars?

LivePlan Review
ITQlick Score: 80/100
ITQlick Rating: (4.5/5)
Pricing: 2.8/10 - low cost
Category: Business Plan -> LivePlan
Ranking:Ranked 7 out of 31 Business Plan systems
Company: PALO ALTO SOFTWARE
Pricing: starts at $15 per month
Typical customers: SMBs
Platforms: Desktop, Mobile, Cloud
Links: LivePlan pricing, LivePlan alternatives

Shlomi LaviShlomi Lavi / updated: Apr 21, 2022

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What is LivePlan and its features?

LivePlan is business planning tool offered as an online service to help entrepreneurs and starting companies in the process of developing strategies that will help them achieve their goals. LivePlan was designed to simplify the business planning process through a step-by-step guide that will lead the entrepreneur in the right direction.

LivePlan is a product of Palo Alto Software, a company founded by Tim Berry. Palo Alto Software has been developing business product for the past 15 years and LivePlan is one of its latest.


What is LivePlan rating?

The rating of LivePlan is 4.5 stars out of 5 and the total score is 80 out of 100. The rating score is based on our unbiased data-based algo. Learn more - rating methodology page.

Who uses LivePlan?

The business planning software will be of help to entrepreneurs starting out and even those already running certain businesses. That said it seems the main focus when Palo Alto Software was developing LivePlan was on startups and companies trying to raise funding.

LivePlan was not designed for specific types of business, it can be used to develop plans for any type of business in general. That said, the software does offer suggestions on how to write for pet care businesses, catering shop, hardware stores or accounting firms.

The planning tool can be used by freelancers, non-profit organizations and small businesses.

Is it easy to use?

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

Is LivePlan cloud-based?

Yes, they offer cloud based hosting, which means IT resources are retrieved through web-based tools and applications and you don't need to buy servers and additional hardware equipment.

Can it be used on mobile?

Yes, you can access LivePlan on your mobile/smart phone.

Is LivePlan the best Business Plan system?

LivePlan is ranked 7 out of 31 software in their category (Business Plan systems).

What are their main features and functionalities?

For any startup or business looking for more funding, LivePlan can simplify the plan writing process. Because the software is designed to be used online, the different ideas put down are saved through the cloud and can be accessed anywhere.

Users of LivePlan can choose between a number to design templates to impress their potential investors during presentations. With the scoreboard feature, users can track how their business is doing financially and make some adjustment if necessary.

LivePlan gives business owners the power to accurately forecast sales and prepare in advanced with the idea of making the most of out the coming opportunities.

What are LivePlan's pros? (5 Pros)

  • Offers a step-by-step process for business plan writing
  • Financial forecasting is made easy with the tools included
  • Users can choose between 500 template plans
  • Figures can easily be converted into charts
  • Information gathered on the software can easily be exported in a PDF format

What are LivePlan's cons? (5 cons)

  • No apps available for Blackberries
  • Does not support any other language except English
  • Only available through the cloud, can't be used offline
  • No tools available to suggest potential investors
  • Only support QuickBooks for importing financial data

Who are their main alternatives?

LivePlan is considered to be the number one business plan software available. Other contenders are BizPlan, PlanHQ, iPlanner, Fundable Plans, Master Plans, Funding Roadmap and Score.
 
Funding Roadmap and Score can't be used to generate charts so they fall behind the rest. Master Plan failed to offer plan templates. LivePlan, BizPlan, PlanHQ and iPlanner offer collaboration tools. Those tools are not offered by Fundable Plans, Master Plans and Score.
 
LivePlan finds itself ahead of the rest when it comes to document inclusion control. Only BizPlan, Fundable Plans and Funding Roadmap also offer that. LivePlan is also the only one to offer autobackup and the only one to be compatible with iWork.

What is the cost of LivePlan?

The cost of license starts at $15 per month. 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 2.8 out of 10 (10 is most expensive). You can find here the REAL total cost breakdown for LivePlan.

What should you ask PALO ALTO SOFTWARE during a demo session? (65 questions)

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

List of categories

Fixed Asset Management
Budgeting & CPM
Business Plan
Financial Compliance
Financial reporting
Financial consolidation
Construction Project Management
Content Management
CM Contract Management
Financial Module

List of features

Financial reporting
Expenditure budget
Forecasting
Graphical Data Presentation
Financial Compliance

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Author

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.