Finance

Top 10 Business Budgeting Software and Tools

Top 10 Business Budgeting Software and Tools

Business success is based on budgeting. The tech world responded by creating a variety of financial tools. There are many options to choose from so that every company can find the best budgeting tool for their needs. We’ve compiled a list of the top budgeting software available to help you make your decision.

Companies have been shifting their budgets to cloud computing in recent years for a variety of reasons. Cloud-based budgeting software can be cheaper than those on-premise. Additionally, smaller companies lack the IT staff and infrastructure to manage the complex infrastructure of on-premise software.

Online business budgeting tools are a great option for businesses that want to organize and manage their budgets efficiently. The next-generation tools are intuitive and do not require specialized training. This makes them easier to use and more efficient. Online software providers provide product updates every two months to ensure that your software is always up-to-date.

If you’re looking for a way to make your budgets out of Excel or bring more structure, Find your new software using this list. It outlines the perks & benefits of each. It also lists all the benefits and perks of each product. To help you manage, plan and forecast your company’s finances, we’ll begin with the most popular and most trusted budgeting software. We then move to the more niche tools.

Top 10 Business Budgeting Software and Tools

1. Scoro

Scoro integrates budgeting tools with other tools to help you manage your entire business in one place. You can manage your expenses and budgets, as well as use a financial dashboard and project budgets.

Top Features

  • Forecasting and budget planning
  • Analysis and financial reports
  • Unlimited project budgets
  • Financial KPI dashboard
  • Automated invoicing and professional services
  • Automated revenue stream based on invoices

What’s unique about this tool? Scoro integrates the tools for project management, budgeting, CRM, and budgeting so you can manage all aspects of your business from one platform and have access to all financial data.

Pricing: Starting at $26 per month, 14-day Free Trial.

Also read: Top 17 Biggest Budgeting Mistakes You can Avoid

2. Centage

Centage is Enterprise budgeting software that provides a variety of tools called Maestros to help with budgeting, forecasting, and financial reporting. Centage may be the right choice for you if you are looking for a complete solution.

Top Features

  • Planning and budgeting
  • Forecasts
  • Financial dashboard and reporting
  • Comprehensive analytics

The special thing about this tool is that Centage can be integrated with other enterprise management software such as Dynamics, SAGE, and QuickBooks.

Pricing: Upon Request

3. Prophix

Prophix claims it has developed a software solution for corporate performance management. This means it provides many smaller tools for planning and managing resources.

Top Features

  • Forecasting, budgeting, and planning
  • Management, financial and statutory reporting
  • Cash flow planning
  • Profitability optimization and modeling
  • Personnel planning

What’s unique about this tool? Prophix wants its users to have a healthy product that scales with their company.

Pricing: Upon Request

4. Float

Float is an easy-to-use cash flow forecasting and budget management software that allows you to easily integrate with other tools such as Quickbooks Online, Xero, and Free Agent.

Top Features

  • Forecasting cash flow
  • Budgeting for businesses
  • Visual reporting

What’s unique about this tool? Float – A highly visual and easy-to-use tool, Float helps you bring clarity to your company‚Äôs cash flow and budgets.

Pricing: Small (1 User Account) $35/month Medium (3 User Accounts) $59/month Large (10 Users Accounts) $119/month

5. Planguru

Compared with Centage and Prophix, Planguru is a simpler budgeting software solution that might be the right tool for you to manage your budget in a small business.

Top Features

  • Pre-built Integrated Financial Structure
  • Payroll Utility
  • Engagement Tools for Professional Accountants
  • 20+ Forecasting Methods
  • Forecast using Non-Financial Data

What’s unique about this tool? Planguru offers an additional analytics tool that allows you to have a better view of your financials and make a better decisions.

Pricing: $99/company/month + $29 per additional user

6. GIDE

GIDE allows companies to combine budgeting, strategic plan, and rolling forecasts. It also consolidates projects/companies with business departments into one comprehensive corporate performance management platform.

Top Features

  • Profit/loss statement Balance sheet & Cash flows
  • Planning for capital assets
  • Capital structuring
  • Operational data
  • Working Capital

The special thing about this tool is GIDE promises to speed up the implementation of budgeting software by reducing the time it takes to implement. This compares to an average implementation time of 8 weeks.

Pricing: N/A

7. Maxiplan

Maxiplan’s cost-effective budgeting solutions can be used by organizations to move beyond the complexity and chaos of spreadsheet-based processes and more effectively plan and track their financial performance.

Top Features

  • Management of financial performance
  • Forecasting and budgeting
  • Forecasts of profit & loss, cash flow, and cash flows
  • Reporting actual/budget/plan variances
  • Forecasting and analysis of revenue
  • Ad-hoc planning and consolidation

What’s unique about this tool? Maxiplan challenges Excel spreadsheet-using companies to organize their business.

Pricing: N/A

Also read: Top 10 Online Bookkeeping Services For Small Businesses

8. Tagetik

Tagetik is a simple business budgeting software for business and that allows you to add structure to forecasting and budgeting.

Top Features

  • Management of disclosure
  • Forecasting and budget planning
  • Analytics and Reporting
  • Financial consolidation

What’s unique about this tool? Tagetik promises you the simplicity of Excel, the flexibility of the cloud, and financial intelligence.

Pricing: N/A

9. Adaptive Insights

Adaptive Insights is a comprehensive tool offering cloud-based forecasting and budgeting software, as well as reporting and analytics capabilities.

Top Features

  • Revenue Management
  • Capital Management
  • Statements on the balance sheet and cash flow
  • Management of expenses

What’s unique about this tool? Adaptive Insights has a visual financial report and dashboard tool that provides a quick overview of the company’s financial performance.

Pricing: Upon request

10. QuickBooks

QuickBooks is a popular tool for small businesses and budgeting used by accountants around the globe. It offers many features, including expense tracking and invoicing. This allows companies to have a complete view of their forecasts and budgets.

Top Features

  • Recognizing expenses
  • Custom invoice templates
  • Sending invoices
  • Paying and managing your bills
  • Automated download and categorize bank transactions
  • Profit & Loss and Balance Sheet plus more reports

What is special about this tool? QuickBooks is 100% focused on efficient budgeting, expense management, and other financial tasks. It has many great features to meet your needs.

Pricing: Simple start plan $15/month; Essentials plan $30/month; Plus plan (unlimited functions) $40/month

Written by
Barrett S

Barrett S is Sr. content manager of The Tech Trend. He is interested in the ways in which tech innovations can and will affect daily life. He loved to read books, magazines and music.

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