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Budgeting Software: Plot a Course for Financial Success

If you have trouble predicting business expenses and revenue figures, budgeting software can help. Even if you feel comfortable in the level of detail and accuracy of your budgets, budgeting software may be able to help you create your budgets more quickly. Budgeting software applications track and report on the actual financial progress of your company compared to your expectations. Budgeting software can improve your business decision-making with accurate, timely, and relevant financial information. Read on to find out more about budgeting software options and how they can benefit your business.

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The companies and representatives you sent our way were prompt and thorough… I definitely would recommend your company as a means to exploring options with qualified providers. — Bruce Conley
Your service saved me some very valuable time and hooked me up with some excellent resources. Thanks for providing this top-notch service. — Linda Vittori
Thanks! Having a service like this to help navigate the ocean of accounting software and help identify potential good-fits without having to delve through numerous bad-fits is of tremendous value! — Mark Carpenter

Creating reliable forecasts with budgeting software

Companies facing critical questions about business development often look to budgeting software to get a better handle on expected revenues and expenses. Budgeting software modules use a combination of approaches to create financial forecasts. The key components of creating a budgeting are inputting accurate historical information and querying users for estimates of future financial conditions.

Budgeting software programs provide a framework for reinforcing budgeting best practices. Ensuring the inclusion of all relevant data and collecting information from distributed sources can be deceptively difficult tasks. Any budget relies on user-created estimates. Budgeting programs can help turn guesses into expectations by requiring estimates at a more granular level and integrating margin of error controls. Once data has been translated into predictions for financial outcomes, actual earnings and expenses can be compared against the predictions to monitor business progress.

Avoid timely manual processes with budgeting software

Manually creating effective budgets can easily be hampered by a number of issues. It may be very difficult or time-intensive to resolve these issues.

Frequently, companies have limited confidence in hand-created budgets. This is often based on concerns that the historical information is incomplete or inaccurate. Budgeting software allows direct data imports from integrated applications such as the general ledger and other key accounting applications. Automatic data inputting provides the confidence that all relevant information has been considered and that it is free of the errors that often occur with manual re-keying. Planning for unexpected external factors is a difficult task. Budgeting software can provide helpful suggestions about making sure to correct for easily excluded external factors such as the effect of inflation.

One of the other main advantages of using budgeting software is seen in the cost savings. Creating budgets can be one of the most time intensive tasks for executives. Budgeting software will help you eliminate the reliance on cumbersome spreadsheets. For anything but the most basic budgeting needs, spreadsheets use dozens if not hundreds of formulas and macros. One weak link in the calculations can spoil weeks of careful preparation.

Increase collaboration in the budgeting process for more accurate forecasts

Budgeting software also promotes collaboration. If you need to receive input from a variety of different employees, who each may have responsibility for different segments of your financial data, using a manual approach to creating budgets can easily become impractical. The reality is that you’ll likely be spending unnecessary time standardizing information into normalized formats. Furthermore, creating a budget is often a process that depends on working through multiple versions. Passing the information back and forth multiple times, rather than having a single updatable version of the truth, can easily become a drain on resources and an opportunity for costly delays.

Popular Budgeting Software Products

Looking for great budgeting software options? Below you can check out a list of the products most commonly considered by others searching for budgeting software. The list on this page is based on many years of real software matches. But everyone’s needs are different. Browse for fits with your specific requirements or let us help you identify your top options.

Which software is right for you? Get quick and accurate recommendations.

What if you could simply tell someone about your software needs and they’d find your best choices? Look no further. We’ll listen to your needs and find your top software matches. That’s it. There’s no pressure, no cost.

The companies and representatives you sent our way were prompt and thorough… I definitely would recommend your company as a means to exploring options with qualified providers. — Bruce Conley
Your service saved me some very valuable time and hooked me up with some excellent resources. Thanks for providing this top-notch service. — Linda Vittori
Thanks! Having a service like this to help navigate the ocean of accounting software and help identify potential good-fits without having to delve through numerous bad-fits is of tremendous value! — Mark Carpenter
  • Adaptive Planning by Adaptive Insights

    Adaptive Planning provides comprehensive budgeting, planning, and forecasting that's proven to reduce cycle times by up to 90%. With an incredibly intuitive "Excel-like" interface, it's easy to collaboratively plan and forecast revenue, expenses,...

  • Sage Budgeting and Planning by Sage

    Take control of the budget process and bring strategic insight to business planning with Sage Budgeting and Planning, an enterprisewide, purpose-built budgeting and planning application. With Sage Budgeting and Planning, you can make quicker, more...

  • BI360 by Solver

    The BI360 solution provides a complete reporting, budgeting and dashboard suite for Microsoft Dynamics AX, GP, NAV, SL and CRM customers. It can also be used with other ERP systems, Sage X3, Sage 500, Sage 300, Intacct, Acumatica, Netsuite, SAP...

  • Microsoft Forecaster by Microsoft

    Forecaster for Microsoft Dynamics ERP helps you manage financial performance through accurate financial budgeting, planning and financial forecasting. Today's dynamic business environment requires flexible budget development with fast, easy...

  • Intacct by Intacct

    Intacct provides professional-strength, on-demand financial management and accounting applications for small and mid-sized businesses. Get the same power, functionality, reporting and security that traditional legacy on-premise systems provide, but...

  • PROPHIX by PROPHIX Software

    PROPHIX is a multi-user financial software application used by thousands of users worldwide for Budgeting, Planning, Financial Consolidation, Management Reporting and Analysis. PROPHIX offers the familiarity of a spreadsheet-style interface with...

  • Budget Maestro by Centage

    Budget Maestro is the ideal solution for the small to medium sized business ready to transition off spreadsheets to an automated budgeting, forecasting and reporting process. Budget Maestro utilizes a centralized database so any changes, additions...

  • DynacBudget by Dynac

    Imagine your Income Statement integrating with your Balance Sheet and generating up-to-date Cash Flow Statements as often as you need them. Now add rolling dynamic forecasts with “What if” scenarios that let you see the effects of business decisions...

  • Dynamics GP by Microsoft

    For more than 25 years, Microsoft Dynamics GP has delivered out-of-the-box business management functionality—from financials and human resource management to manufacturing and operations—to power diverse small and midsize companies around...

  • Up Your Cash Flow XT by Granville Publications Software

    Up Your Cash Flow XT creates financial forecasts for small to mid-size businesses quickly and easily with more features than ever before. Accountants and consultants use this powerful software to provide management advice, secure financing, assist...

  • CONTROL by KCI Computing

    CONTROL® integrates all financial management functions, processes, and data. It provides one shared repository of business rules and data and one point of maintenance eliminating disconnects or different versions of the truth. It gives you the...

  • PowerPlan by PowerPlan

    Are you frustrated with your existing budgeting methods and processes? Does the need for redundant data entry concern you? Are you lacking a centralized and trusted data source? Would a vehicle for business collaboration and communication allow...

  • PowerPlan by PowerPlan

    Are you frustrated with your existing budgeting methods and processes? Does the need for redundant data entry concern you? Are you lacking a centralized and trusted data source? Would a vehicle for business collaboration and communication allow...

  • Vena 5 by Vena Solutions

    Vena 5 is an easy to deploy solution for budgeting, planning, forecasting, reporting, analytics, and other Corporate Performance Management (CPM) applications in a single, web-based platform that leverages your existing spreadsheets and financial...

  • Budget Pro by Retail Budget Pro

    This easy to learn and use cloud based software will revolutionize your multi-store budgeting problems. If you have several stores or more and need to create a Profit and Loss statement for each one then stop using Excel. This program will do a...

  • PlanGuru by PlanGuru LLC

    PlanGuru is budgeting, forecasting and planning software designed to help small and medium sized businesses prepare their budgets and forecasts in a fraction of the time they would spend in their spreadsheet software. PlanGuru combines a flexible...

  • Dynamic Budgets by Dynamic Budgets

    Key Features Budgeting Forecasting Payroll Module Fixed & Variable Allocations Module Self-service lookups for end users to retireve accounitng data (financial summaries, sub ledgers, transactions) Multi-company support Global...

  • True Sky by True Sky

    True Sky is a Corporate Performance Management Solution (CPM) that dramatically reduces the time spent on creation, input, data merging, and review processes traditionally involved with planning, budgeting, and forecasting. Excel-based for ease...

  • DataStore by Synaro

    * Designed for Synaro Advantage:-- Replicates data straight out of the Synaro Advantage system, enabling accurate reporting and analysis. * Report What is Important to You: User defined queries allow the generation of reports unique to...

  • Forecast4000 by Real Asset Management - Fixed Asset Management Software

    How can the effect of future capital expenditure and disposals be predicted accurately? The answer is with RAM's Forecast4000 module. This powerful management tool quickly and easily models and stores “what-if” scenarios for future capital asset...

  • SRC Software Corporate Performance Management Suite by SRC Software

    The Advisor Series™ is an enterprise-wide corporate performance management solution, offering budgeting, planning, forecasting, consolidations, analytics and financial reporting. Combining a live and fully controlled spreadsheet interface...

  • Satori Budgeting by Satori Group

    Satori Budgeting gives your finance department the tools to be more productive while simplifying the input process for budget contributors. With Satori Budgeting, you can factor in every element that contributes to your company's financial picture...

  • Sage 300 by Sage

    Traditional enterprise resource planning (ERP) software solutions provide an automation platform that connects the functional areas of your business—accounting, distribution or warehouse, and manufacturing. Modern ERP software solutions have...

  • NetSuite by NetSuite

    NetSuite enables companies to manage all key business operations in a single, integrated system, which includes customer relationship management; order management and fulfillment; inventory management; finance; ecommerce and Web site management; and...

  • Acumatica ERP by Acumatica

    Acumatica Cloud ERP provides all of the features of traditional accounting, financial, and ERP software, but is web-based so it is less expensive to maintain, centrally managed, and accessible from anywhere. Customers can purchase a license and...

  • SAP Business One by SAP

    SAP Business One provides a single, affordable solution for managing your entire business, including financials, sales, customer relationships and operations. Streamline your end-to-end operations, gain instant access to complete information and...

  • Dynamics NAV by Microsoft

    Microsoft Dynamics NAV delivers industry-specific functionality along with multi-language and multi-site capabilities. Its integrated development environment enables customizations with minimal disruption to business processes. Designed to work like...

  • VersAccounts Cloud ERP by VersAccounts

    VersAccounts was created to bring the power of a modern full-function ERP system to even the smallest business that needs it. It is a recognition of the fact that even small businesses with modest budgets have business operations that are every bit...

  • Adagio Accounting Suite by Softrak Systems

    Adagio Accounting is a multi-ledger, modular accounting system that provides best-in-class audit controls and financial reporting capabilities. It is designed for small and mid-sized businesses that process significant volumes of transactions –...

  • Abila MIP Fund Accounting by Abila

    Gain more time to focus on your cause Abila MIP Fund Accounting is a configurable fund accounting solution that allows you to report and track information that is most important to you, your board and your supporters. To help you deliver on...

  • Denali Business+Accounting by Cougar Mountain Software

    Everything you expect from a leading business accounting solution, plus the tools to manage cash flow, monitor profitability, analyze trends, track inventory, and make informed financial decisions based on real-time accounting data. Let us show you...

  • Multiview Financial Suite by Multiview

    For organizations seeking a solution that easily conforms to their existing operations, Multiview Enterprise .NET n10 offers a flexible, integrated suite of financial solutions. With Multiview Enterprise .NET n10, companies gain superior visibility...

  • Business ByDesign by SAP

    The SAP Business ByDesign cloud-based solution (formerly referred to as code name A1S) is a new addition to the SAP offerings for small businesses and midsize companies. It is targeted to the unmet needs of these enterprises, which have...

  • TRAVERSE by Open Systems

    TRAVERSE is an ERP system from Open Systems, Inc. offering financial, operations, and sales functionality. Traverse provides comprehensive integration for key business processes, while offering the ability to scale from 5 to 500 users....

  • Dynamics AX by Microsoft

    Designed for mid-size and larger companies, Microsoft® Dynamics AX (formerly Microsoft Axapta) is a multi-language, multi-currency enterprise resource planning (ERP) solution. Its core strengths are in manufacturing and e-business, and it...

  • QuickBooks Enterprise Software by Intuit

    QuickBooks Enterprise Solutions offers the most comprehensive business management tools for growing businesses with up to 30 simultaneous users. Enterprise Solutions allows you to customize any of the 120+ built-in Reports and forms to look the way...

  • Dynamics SL by Microsoft

    Microsoft Dynamics SL (formerly Microsoft Business Solutions—Solomon) is designed to meet the specific business management needs of project, service, and distribution-driven organizations, including companies in these industries: *...

  • Sage ERP X3 by Sage

    Sage ERP X3 is the most powerful and flexible business management solution offered by Sage. It empowers mid-sized and larger companies within the manufacturing and distribution industries with the ability to grow a competitive business with limited...

  • Executive Series by Searer Business Technology

    Executive Series Executive Series is a completely integrated accounting solution with strong drill down capabilities. Executive Series is fully customizable through source code to meet the unique needs of your company. Standard features...

  • Sage 100 Contractor by Sage

    Sage 100 Contractor is an integrated business management and accounting system for general and engineering contractors and subcontractors of all trades. The software includes estimating, scheduling, project management, equipment management, payroll,...

  • AccuFund Accounting Suite by AccuFund

    Accounting software for non-profits, municipalities and other government agencies is the specialty of AccuFund. The AccuFund Accounting Suite is powerful, flexible and affordable financial reporting and accounting software designed specifically for...

  • Infor CloudSuite Business by Infor

    *Power your company with a cloud-based operations platform built for speed, agility, and growth.* Strategic decision-making is essential for any small or medium size organization, no matter if it’s B2B or B2C. Next-generation companies thrive...

  • BillQuick by BQE Software

    Flexible, Award-Winning Billing—Choose from 150+ invoice templates that organize your information beautifully. Automate bills to go out on the schedule of your choice to keep cash flow coming in smoothly. * "The Select Items in reports will...

  • Epicor Manufacturing by Epicor Software

    Epicor Manufacturing is a tightly integrated enterprise resource planning (ERP) software solution for identifying and planning the extended enterprise resources you need to capture, produce, ship, and account for customer orders. A distributed,...

  • Sage 300 Construction and Real Estate by Sage

    Sage 300 Construction and Real Estate (formerly Sage Timberline Office) has proven accounting and estimating applications, covering the entire project lifecycle. Integrated Sage 300 Construction and Real Estate product suites include accounting,...

  • DENALI FUND+Accounting by Cougar Mountain Software

    A modulated nonprofit accounting software solution for small to large organizations, and CPAs who support these organizations. Our nonprofit accounting solutions are used by The American Red Cross, Boys & Girls Club, Girl Scouts, United Way, YMCA...

  • Spectrum Construction Management Software by Dexter + Chaney

    Version 14 is the most innovative new version of software in Dexter + Chaney’s 30+ year history. With v14, Spectrum enters the cloud. But we’ve done much more than simply move our existing software to a hosted environment. We’ve completely...

  • Sage 500 ERP by Sage

    Maximize your operations, insight and competitive advantage to stay ahead of the pack. Sage 500 ERP solutions (formerly Sage ERP MAS 500) provides customizable enterprise resource planning software designed to run every business function at peak...

  • Deltek Vision by Deltek

    Powerful Software for Project-Related Businesses At any given moment, effective decision-makers need to understand how your business is performing, why problems occur, the impact on the business, and what you can or should do to enhance...

  • Infor VISUAL by Infor

    Infor VISUAL Enterprise was the first true Windows-based Enterprise Resource Planning (ERP) solution for custom, assemble-to-order, make-to-order, make-to-stock and mixed mode manufacturers. Its leading-edge technology is designed to manage the...

Your Budgeting Software Recommendations

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