PlanGuru Review

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

Last updated: Oct 21, 2018

PlanGuru Review

4 reviews
(5/5)

Starting from $35 Per month/user

PlanGuru is a software designed to help companies in the budgeting, planning and forecasting process so that they can make better decisions regarding the future. PlanGuru speeds up and enhances any required an

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What is PlanGuru? Updated: Oct 21, 2018

PlanGuru is a software designed to help companies in the budgeting, planning and forecasting process so that they can make better decisions regarding the future. PlanGuru speeds up and enhances any required analysis, be it a high level forecast for the bank or a detailed multi-departmental operating budget.

PlanGuru was developed in 1999 by a company called PlanGuru LLC. The software was originally designed by a CPA (Certified Public Account) for CPAs. Today it has been improved so that is can also benefit CFOs and other financial advisors.

PlanGuru Average Rating -

The average rating of PlanGuru is 5 stars. The rating is based on 4 aggregated online reviews.

PlanGuru Typical Customers

PlanGuru was first developed with financial professionals in mind and was oriented towards CPAs, CFOs and other types of financial advisors. Eventually it was adopted by non-profits such as Valley of the Sun YMCA, entrepreneurs trying to raise capital, and mid-size companies such as Sellstate Regency Realty.

PlanGuru Features

PlanGuru can offer you a sophisticated method of budgeting and forecasting up to 10 years ahead even if you don't really know much about formulas. It gives you the power to better analyze cash flow, financial ratio and other tools to help you improve the performance of your business.

With PlanGuru, you should be able to prepare your projections within an easy to use interface and save more time in the process.

PlanGuru 5 Pros

  • PlanGuru supports more than 20 forecasting methods
  • Fully compatibility with Quickbooks Intuit, Google Apps and Citrix
  • PlanGuru offers a comparison analysis for budget and actual reporting
  • All reports can be exported to either Excel or PDF
  • Fully integrated balance sheet, cashflow and income statement

PlanGuru 2 Cons

  • Only English is supported
  • No app available for Android or iOS devices

PlanGuru Alternatives

The main competitors for Planguru are Adaptive Planning and Budget Maestro.

Adaptive Planning offers a cloud based solution that handles planning, budgeting and forecasting for an organization. This can be done for revenue management, personnel as well as capital assets with a focus on allocations & cash flows. The product also supports rolling forecasts which focus on continuous optimization of the planning process to improve performance. Additionally the product is workflow based so that process definition is easier to manage as part of the budgeting & planning exercises.

Planguru on the other hand also focuses on budgeting & forecasting and provides nearly twenty different forecasting modules. Additionally users can customize the forecasting method to meet their specific business requirements. There are also features for consolidation, business valuation, as well as financial ratios to improve the forecasting process. Budgeting can also be done on multiple periods which can range from a few months and up to ten years if needed.

Then there is Budget Maestro which focuses on unifying budgeting & forecasting requirements across multiple lines of business. It can handle revenue & expenses, personnel & capital assets as well as loans & lines of credit which are all linked to budgeting benchmarks to compare forecasts and actual financial performance. Additionally the product supports access to a variety of third party accounting & ERP solutions for financial data analysis.

Planguru however also has its own analytics platform with dashboards & KPIs. Additionally these can be shared via the cloud to allow collaborative analysis of financial trends to improve forecasting models for better business decision making.

PlanGuru Pricing Information

The starting licensing price is $399.95. There is also a cost-effective cloud hosting option for $35 a month.


PlanGuru Categories


Specifications

Company:
Address: 150 Grand Street, Brooklyn, NY
Customers: Start up, Small business, Medium business, Large business
Business Area: Finance management
Platforms: Desktop, Cloud
Operating Systems: Mac OS, Windows, Linux


PlanGuru Features


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 (PlanGuru) how their business app would improve efficiency of your enterprise.
PlanGuru 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 PlanGuru 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 PlanGuru you want to buy is easy to customize.
Such a community forum is the best way to engage users. Getting access to PlanGuru forums can help new or proposed users connect with product experts through peer-to-peer discussions.
PlanGuru 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 PlanGuru 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 PlanGuru 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 (PlanGuru) 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.
PlanGuru 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.

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PlanGuru 8 Alternatives