PlanGuru Review - why 4.2 stars?

Shlomi Lavi / updated: Jun 07, 2022

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What is PlanGuru?

PlanGuru software is a cloud-based budgeting and business planning solution designed for small/medium organizations and nonprofits that can also be offered through an on-premise solution. The software enables accountants to create financial forecasts, address financial constraints and prepare budget analysis for small businesses.

PlanGuru software is designed and sold by PlanGuru Company that was established in 2013 in the USA. The budgeting functionality offers tools that help build and manage balance sheets, income statements, and cash flow statements.

It provides its users with a wide array of forecasting methods which they can use to forecast and analyze their financial needs for any period below 10 years. PlanGuru features PlanGuru Analytics module which offers a cloud-based finance dashboard, as well as a reporting tool. The PlanGuru Analytics helps financial advisors and accountants to monitor the core financial KPIs for monitoring business performance.

Who is it best for?

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.

Main features and functionalities

PlanGuru can offer you a sophisticated method of budgeting and forecasting up to 10 years ahead even if you do not 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.

What is the actual cost?

PlanGuru offers two license pricing options for PlanGuru App and PlanGuru Desktop. Both plans (PlanGuru App and PlanGuru Desktop) start at $99 Per Month and $899 per year.

PlanGuru App offers features like Excel Import for Financial & Non-Financial Data, Budget/Forecast for up to 10 Years, Pre-built 3-Way Forecasting Structure, etc. PlanGuru Desktop offers everything in PlanGuru App plus Consolidate Unlimited number of Projections, Breakeven Tool, Business Valuation, etc.

ITQlick pricing score is 2.8 out of 10 (10 is most expensive). Access ITQlick pricing guide for PlanGuru. You can also find here pricing information from PlanGuru's website.

Pros

• PlanGuru supports more than 20 forecasting methods
• PlanGuru is flexible for creating multiple forecasts and budgets using a variety of assumptions and KPIs
• Plan Guru is a straightforward application for generating cash flow statements
• The software includes some valuation and ratio analysis work papers that users can find very handy
• Fully integrated balance sheet, cashflow and income statement
• PlanGuru provides a detailed review of monthly budget against performance.
• The budgeting and forecasting services of the software extend up to 10 years.
• Custom financial reports of PlanGuru can be exported in the form of PDF and Excel files.

Cons

• Users complain of some lack of flexibility in reporting and the inability to print reports from analytics
• No app available for Android or iOS devices
• Does not support Open API, Microsoft Dynamics or Salesforce.
• Asset based lending with special characteristics can't be modeled
• Novice users may have to go through a training to use the software

How it stacks up?

Access a head to head analysis of PlanGuru vs alternative software solutions.

Frequently Asked Questions (FAQs)

Is PlanGuru right for you or your business?

PlanGuru is a good fit for SMBs and their Advisors seeking sophisticated methods that allow them to budget and forecast easily. PlanGuru is also compatible with Excel & QuickBooks.