Budgeting and Forecasting Software

TrustRadius Top Rated for 2024

Top Rated Products

(1-5 of 10)

1
Centage

Centage (Planning Maestro) offers a way to plan, budget, forecast and report financial performance by enabling finance teams to see into the future, and test the impact of different scenarios, in order to make faster decisions with confidence. The software streamlines the entire…

2
Cube

Cube is a financial planning & analysis (FP&A) platform that aims to enable finance teams to be more strategic and positively contribute to company growth activities by spending less time on manual, repetitive task, from Cube Planning headquartered in New York.

3
Budgyt

Budgyt is a platform made to simplify business budgeting. With built-in functions designed for data integrity, team collaboration, and scenario planning & analysis, Budgyt is presented as an optimized budgeting experience that rids users of complex, error-prone spreadsheets…

4
MIP Fund Accounting

MIP Fund Accounting™ is a configurable fund accounting solution. The solution includes functionality for fund accounting, procurement, budgeting, payroll, human resources, timekeeping, fixed asset management, grant management, and dashboards for nonprofits and government agencies.…

5
Vena

Vena Solutions provides a financial process automation solution to automate Corporate Performance Management, accounting and budgeting, Regulatory & Compliance, and other finance-related processes. It is scaled for medium to large-sized organizations.

All Products

(1-25 of 172)

1
MIP Fund Accounting

MIP Fund Accounting™ is a configurable fund accounting solution. The solution includes functionality for fund accounting, procurement, budgeting, payroll, human resources, timekeeping, fixed asset management, grant management, and dashboards for nonprofits and government agencies.…

2
Oracle Fusion Cloud ERP

Oracle Cloud Enterprise Resource Planning (ERP) is a core suite of Oracle Cloud software-as-a-service (SaaS) applications. Oracle Expense Management and Oracle Risk Management are part of this solution. Other apps include Financials, Revenue Management, Accounting Hub, PPM, and…

3
Vena

Vena Solutions provides a financial process automation solution to automate Corporate Performance Management, accounting and budgeting, Regulatory & Compliance, and other finance-related processes. It is scaled for medium to large-sized organizations.

4
Prophix

Prophix One, a Financial Performance Platform, is used to improve the speed and accuracy of decision-making within a harmonized user experience. To reduce complexity and uncertainty, the software offers automated insights and planning, budgeting, forecasting, reporting, and consolidation…

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5
Workday Adaptive Planning

Workday Adaptive Planning(formerly Adaptive Insights) is a financial planning and reporting tool. It includes automated budgeting and forecasting, financial reporting, and other active planning capabilities, including integrations with third-party products like Salesforce.

6
Planful

Planful is a cloud-based enterprise performance management (EPM) suite. It includes financial applications for modeling, planning, consolidation, reporting and analytics.

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7
Planview Portfolios

Planview Portfolios is an end-to-end project portfolio management and enterprise architecture management tool. It includes two components: Portfolio and Resource Management and Capability and Technology Management. The platform is available as a cloud-based or on-premise service.

8
Board

BOARD is a business decision-making platform for organizations of any size. BOARD hosts several business modeling, planning, and analysis all in one cloud-based platform.

9
IBM Planning Analytics

IBM Planning Analytics, powered by IBM TM1®, is an integrated planning solution designed to promote collaboration across the organization and help keep pace with the speed of modern business. With its calculation engine, this enterprise performance management solution is designed…

10
Cube

Cube is a financial planning & analysis (FP&A) platform that aims to enable finance teams to be more strategic and positively contribute to company growth activities by spending less time on manual, repetitive task, from Cube Planning headquartered in New York.

11
Wolters Kluwer CCH® Tagetik

Tagetik is a corporate performance management solution that unifies budgeting, financial planning, consolidation and management reporting. Tagetik is offered as SaaS, on a private cloud, or on-premise, and can migrate between deployments as needed.

12
Oracle Fusion Cloud Enterprise Performance Management

Oracle Fusion Cloud Enterprise Performance Management (EPM) is a solution that helps users model and plan across finance, HR, supply chain, and sales, streamline the financial close process. Oracle Cloud Enterprise Performance Management (EPM) Platform is a framework of the technical…

13
OneStream

OneStream is an enterprise finance platform that unifies financial and operational data, embeds AI for better decisions and productivity, and can extend to meet the evolving needs of businesses without adding technical debt. Presented as an operating system for modern Finance, it…

14
SAP BPC (Business Planning and Consolidation)

The SAP BPC software is designed to help users plan and achieve a faster, more accurate close. The SAP BPC software aims to help users spend more time growing their business and less time closing books. The vendor’s value proposition is that their software delivers planning, budgeting,…

15
Budgyt

Budgyt is a platform made to simplify business budgeting. With built-in functions designed for data integrity, team collaboration, and scenario planning & analysis, Budgyt is presented as an optimized budgeting experience that rids users of complex, error-prone spreadsheets…

16
Oracle Hyperion

Oracle's Corporate Performance Management suite was acquired from Hyperion in 2007. Hyperion customers are encouraged to migrate to Oracle Fusion Cloud EPM.

17
Treasury Intelligence Solutions (TIS)

TIS helps CFOs, Treasurers, and Finance teams transform their global cash flow, liquidity, and payment functions. Since 2010, the cloud platform and service model have supported the office of the CFO to collaborate and attain efficiency, automation, and control. By streamlining…

18
Centage

Centage (Planning Maestro) offers a way to plan, budget, forecast and report financial performance by enabling finance teams to see into the future, and test the impact of different scenarios, in order to make faster decisions with confidence. The software streamlines the entire…

19
Jedox

Jedox is a Business Intelligence and Corporate Performance Management solution. According to the vendor, their solution’s unified planning, analysis and reporting empowers decision makers from finance, sales, purchasing and marketing. Additionally, the vendor says this solution helps…

20
Axiom Software by Syntellis Performance Solutions

Syntellis Performance Solutions provides enterprise performance management software, data and analytics solution for healthcare organizations, financial institutions, and higher education institutions. Axiom arms finance teams and executives with tools for budgeting, forecasting,…

21
LivePlan

LivePlan is business plan software for entrepreneurs. Features include the pitch creation, sample plans, financial assessments, and performance dashboards.

22
Pigment

Pigment is an enterprise-grade business planning platform that provides users with a 360° view of the business, updates its financial models in real-time, and allows users to run what-if scenarios at the click of a button. Pigment aims to enable FP&A and revenue teams to improve…

23
InfiniGrow

InfiniGrow provides real-time visibility into data, to automatically uncover the business impact of marketing activity, and optimize budget allocation towards the best-performing channels. It centralizes data by connecting the user's CRM, marketing automation and all the other tools…

24
Glean AI

Glean provides an Intelligent AP platform. Glean Analytics leverages untapped invoice data to surface relevant context, actionable insights, and savings recommendations.

25
Fathom

Fathom is a management reporting, forecasting and financial analysis tool from the Access Group. It helps users to assess business performance, monitor trends and identify improvement opportunities. Fathom combines business planning with simple three-way cash flow forecasting.

Learn More About Budgeting and Forecasting Software

What is Budgeting and Forecasting Software?

Budgeting and Forecasting Software enables users to develop well-informed financial plans in order to best prepare for future business ventures. It provides businesses with the tools to estimate future earnings and expenditures across disparate departments.For complex organizations, budgeting and forecasting software acts as a centralized hub for budgets, forecasts, and spending reports across the entire organization.


Department managers typically use budgeting and forecasting software to construct budgets and forecasts for their respective departments. Accountants can then use this software to bring together the various budgets from different departments to construct a company-wide budget.


Budgeting and Forecasting software share many features with basic accounting or budgeting software. They typically include more advanced functionalities with respect to their forecasting and scenario modeling features. Budgeting and Forecasting software functionalities are also often included in Corporate Performance Management (CPM) suites, but will lack the proactive KPI management features of the larger platforms.


Budgeting and Forecasting Software Features

A typical budgeting and forecasting software tool will include the following features:

  • Long-term financial planning

  • Financial Budgeting

  • Forecasting

  • Scenario Modeling

  • Management Reporting

  • Analytics

  • Version Control


Budgeting and Forecasting Software Comparison

Consider these factors when comparing budgeting and forecasting software:


  • Point Solution vs. CPM Suite: The size of your organization will likely determine whether you opt for a dedicated Budgeting and Forecasting tool or a more comprehensive Corporate Performance Management tool that includes budgeting and forecasting as one of its features. Given the cost of the suite-style CPM products, smaller outfits may opt to go with the cheaper dedicated budgeting and forecasting tools. Whereas larger, complex organizations would likely benefit from the increased functionality of a CPM product.

  • Integrations: Consider how well each budgeting options integrates with existing finance and accounting tools. Data will need to flow smoothly from system to system and avoid manual data transfers at all costs. Product demos and reviewer experiences are both strong sources of insight for this question.


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Pricing Information

Budget and forecasting functionalities are often one module of a suite-style platform. Pricing for suite-style products are not available unless requested from the vendor directly. Products dedicated solely to Budget and Forecasting include tiered pricing that ranges from $0-$60 per month on the low end to $30-$200 on the high end. The higher price points typically include more seats, dedicated support and, in some cases, access to financial advisors. Some vendors do offer a free trial, but this is less common for the suite-style platforms.

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Frequently Asked Questions

What Does Budgeting and Forecasting Software Do?

Budget and forecasting software provides users with a means to collaboratively create budgets and share them across multiple departments. Users can also use Budget and Forecasting software to plan future budgets by incorporating historical data and analytics to predict what resources will be needed.

What Are the Benefits of Using Budgeting and Forecasting Software?

Budget and Forecasting software ensures that future financial resources will be allocated in the most efficient manner based on prior business expenditures. It also helps keep budgeting and budget planning consistent across multiple departments.

What Are the Best Budgeting and Forecasting Software?

Some popular budgeting and forecasting software products include:

How much does Budgeting and Forecasting Software Cost?

For products that are dedicated solely to budgeting and forecasting, you can expect to pay anywhere from $30-$200 a month depending on how many seats you need and how many advanced features you want the product to include. Suite-style platforms, such as a Corporate Performance Management solution, will cost significantly more, though they typically require you to reach out for pricing information.