Managing budgets efficiently is crucial for the success of any business. In the rapidly evolving tech world, numerous financial tools have been developed to assist companies in this process. With so many options available, it can be challenging to choose the right budgeting software that best fits your business needs. To simplify the decision-making process, we have compiled a list of the top budget management software vendors on the market.
In recent years, there has been a shift towards cloud-based budgeting software for several reasons. Firstly, cloud-based solutions are more cost-effective compared to on-premise products. Additionally, smaller companies often lack the infrastructure and IT staff to manage the complexities of on-premise software. Cloud-based budgeting tools provide a streamlined and organized approach to managing budgets, making them an excellent option for businesses of all sizes. These next-generation tools are designed to be intuitive and require less specialized training, ensuring quick implementation. Furthermore, online software providers frequently release updates, ensuring that your software is always up to date.
If you’re looking to transition away from traditional spreadsheet-based budgeting or bring more structure to your budget management process, this list of the best budget management software vendors will help you find the perfect tool to manage, plan, and forecast your company’s budgets.
Scoro: A Comprehensive Budget Management Solution
Scoro is a leading budget management software that combines budgeting features with other tools to manage your entire company in one system. With Scoro, you can not only manage budgets but also handle expenses, resources, and project budgets. The software offers a financial dashboard, budget planning and forecasting capabilities, financial reports and analysis, invoicing, and professional services automation. One of the standout features of Scoro is its ability to integrate budgeting, CRM, and project management tools, allowing you to access all financial data in one place.
Top features of Scoro:
- Budget planning and forecasting
- Financial reports and analysis
- Unlimited project budgets
- Financial KPI dashboard
- Invoicing and professional services automation
- The automated revenue stream from invoices
Scoro offers a 14-day free trial and pricing starts at $26 per user per month.
Centage: A Comprehensive Enterprise Budgeting Solution
Centage is a reputable enterprise budgeting software provider that offers various tools, known as Maestros, for budgeting, forecasting, financial reporting, and more. If you’re looking for a comprehensive solution, Centage might be the answer. The software provides budgeting and planning features, forecasts, financial dashboards, and comprehensive analytics. What sets Centage apart is its integration capabilities with other widely used enterprise management software like SAGE, Dynamics, and QuickBooks.
Top features of Centage:
- Budgeting and planning
- Forecasts
- Financial dashboard and reporting
- Comprehensive analytics
Pricing for Centage is available upon request.
Prophix: A Wholesome Budget Management Solution
Prophix aims to provide a software solution for corporate performance management, encompassing various tools for managing company resources and planning budgets. The software offers budgeting, planning, and forecasting capabilities, along with financial, statutory, and management reporting. Prophix also includes features such as cash flow planning, profitability modelling and optimization, and personnel planning. The goal of Prophix is to offer users a comprehensive product that can scale as their company grows.
Top features of Prophix:
- Budgeting, planning, and forecasting
- Financial, statutory, and management reporting
- Cash flow planning
- Profitability modelling and optimization
- Personnel planning
Pricing for Prophix is available upon request.
Float: Streamlined Cash Flow Forecasting and Budget Management
Float is an easy-to-use cash flow forecasting and budget management software that seamlessly integrates with popular tools like Xero, Quickbooks Online, and Free Agent. With Float, you can effectively manage your business’s cash flow, create budgets, and generate visual reports. The software’s user-friendly interface and visual representations help bring clarity to your company’s budgets and cash flow.
Top features of Float:
- Cash flow forecasting
- Business budgeting
- Visual reporting
Float offers different pricing plans based on the number of user accounts: Small ($35/month for 1 user account), Medium ($59/month for 3 user accounts), and Large ($119/month for 10 user accounts).
Planguru: Simplified Budgeting Software for Small Companies
Planguru is a budgeting software solution designed for small companies. Compared to Centage and Prophix, Planguru offers a more straightforward approach to budget management. The software includes features such as a pre-built integrated financial statement structure, payroll utility, engagement tools for professional accountants, and 20+ standard forecasting methods. Additionally, Planguru offers the ability to forecast using non-financial data, providing a more holistic view of your company’s financials.
Top features of Planguru:
- Pre-built integrated financial statement structure
- Payroll utility
- Engagement Tools for professional accountants
- 20+ standard forecasting methods
- Forecasting using non-financial data
Planguru is priced at $99 per company per month, with an additional $29 for each additional user.
GIDE: Comprehensive Corporate Performance Management Solution
GIDE offers a corporate performance management platform that combines budgeting, strategic planning, and rolling forecasts. The software allows for the consolidation of projects, companies, and business departments within one comprehensive platform. GIDE provides features such as profit/loss statements, balance sheet and cash flow management, capital asset planning, capital structuring, operational data management, and working capital management. What sets GIDE apart is its promise of a fast implementation process, with an average time of two weeks compared to the industry average of eight weeks.
Top features of GIDE:
- Profit/loss statement, balance sheet, and cash flows
- Capital asset planning
- Capital structuring
- Operational data management
- Working capital management
Pricing for GIDE is available upon request.
Maxiplan: Moving Beyond Spreadsheet-Based Budgeting
Maxiplan offers cost-effective budgeting solutions that help organizations move away from the chaos and complexity of spreadsheet-based processes. The software provides financial performance management features, budgeting and forecasting capabilities, profit and loss and cash flow forecasts, actual/budget/plan variance reporting, revenue forecasting and analysis, and ad hoc planning and consolidation. Maxiplan is a great choice for companies struggling with Excel spreadsheets that are looking to transition to a more organized and efficient solution.
Top features of Maxiplan:
- Financial performance management
- Budgeting and forecasting
- Profit & loss and cash flow forecasts
- Actual/budget/plan variance reporting
- Revenue forecasting and analysis
- Ad hoc planning and consolidation
Pricing for Maxiplan is available upon request.
Tagetik: Bringing Structure to Budgeting and Forecasting
Tagetik is a simple business budgeting software solution that focuses on bringing structure to budgeting and forecasting processes. The software offers features such as disclosure management, budget planning and forecasting, reporting and analytics, and financial consolidation. Tagetik aims to provide users with the ease of Excel, the flexibility of the cloud, and the power of built-in financial intelligence.
Top features of Tagetik:
- Disclosure management
- Budget planning and forecasting
- Reporting and analytics
- Financial consolidation
Pricing for Tagetik is available upon request.
Adaptive Insights: Cloud-Based Budgeting and Forecasting
Adaptive Insights is a comprehensive budgeting and forecasting software that operates on the cloud. In addition to budgeting and forecasting capabilities, the software offers features such as revenue management, capital management, balance sheet and cash flow statements, and expense management. Adaptive Insights also provides a visual financial reporting and dashboard tool, allowing users to quickly assess their company’s financial performance.
Top features of Adaptive Insights:
- Revenue management
- Capital management
- Balance sheet and cash flow statements
- Expense management
Pricing for Adaptive Insights is available upon request.
Coupa: Budget Management with Real-Time Results
Coupa is a budget management tool that focuses on providing real-time results and budget tracking to every team member. It is part of a comprehensive Coupa management suite that also includes spend and expense management features. Coupa offers real-time budget tracking, budget roll-up reports, informed approvals, auto-updates, and expense management capabilities.
Top features of Coupa:
- Real-time budget tracking
- Budget roll-up reports
- Informed approvals
- Auto-updates
- Expense management
Pricing for Coupa is available upon request.
Tidemark: Extensive Budget Planning and Result Tracking
Tidemark is an analytics suite that provides tools for extensive budget planning and result tracking. Alongside budgeting capabilities, Tidemark offers features for revenue planning, supply chain management, financial planning, and non-financial measures tracking. Tidemark’s tools for people and resource management also help users keep track of non-financial measures and make informed decisions.
Top features of Tidemark:
- Revenue planning
- Supply chain management
- Financial planning
- Budgets and forecasts
Pricing for Tidemark is available upon request.
Neubrain: Budgeting Analytics for Informed Decision-Making
Neubrain differentiates itself by focusing solely on analytics. The software acts as a connector for various financial tools such as QL, SAP, Oracle, PeopleSoft, Dynamics GP, Great Plains, ADP, and Excel. Neubrain’s budgeting analytics software helps make financial data tell a story, enabling users to make informed long-term decisions. With features such as budgeting and forecasting functions, salary and benefits forecasting, allocations and activity-based costing, budget submission and approval workflows, and powerful reporting capabilities, Neubrain empowers businesses to leverage their financial data effectively.
Top features of Neubrain:
- Budgeting and forecasting functions, rules, and algorithms
- Salary and benefits forecasting
- Allocations and activity-based costing
- Budget submission and approval workflows
- Powerful reporting capabilities
Pricing for Neubrain is available upon request.
BillQuick: Budgeting, Invoicing, and Project Management
BillQuick is a versatile business budgeting tool that not only facilitates budgeting but also offers invoicing and project management capabilities. With BillQuick, you can efficiently manage project budgets, generate invoices, and track personal time off, overtime, compensation time, vacations, and more. The software also allows for emailing invoices as PDFs. BillQuick’s Employee Workload Forecaster tool helps businesses gain a better overview of their workforce and allocate budgets accordingly.
Top features of BillQuick:
- Budgeting for projects
- Generating invoices and billing clients
- Tracking personal time off, overtime, compensation time, vacations, etc.
- Emailing invoices as PDFs
BillQuick offers two pricing plans: The professional plan ($19.95 per user per month) and the Enterprise plan (unlimited features for $24.95 per user per month).
QuickBooks: Small Business Accounting and Budgeting
QuickBooks is a widely used small business accounting and budgeting tool trusted by accountants worldwide. With QuickBooks, businesses can track expenses, create custom invoice templates, send invoices, manage and pay bills, and automatically download and categorize bank transactions. The software also provides various reports, including profit and loss, balance sheets, and more. QuickBooks offers efficient budgeting and expense management features that cover all the requirements.
Top features of QuickBooks:
- Tracking expenses
- Custom invoice templates
- Sending invoices
- Managing and paying bills
- Automatically download and categorize bank transactions
- Profit and loss, balance sheet, and more reports
QuickBooks offers three pricing plans: Simple Start plan ($15/month), Essentials plan ($30/month), and plus plan (unlimited features for $40/month).
With this comprehensive list of budget management software vendors, you can find the perfect tool to streamline your budgeting process, plan effectively, and make informed financial decisions. Evaluate each option based on your specific business requirements and choose the software that best fits your needs. Start managing your budgets more efficiently today!