Budgeting and Forecasting Software

Budgeting and Forecasting Software Overview

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.


Top Rated Budgeting and Forecasting Products

TrustRadius Top Rated for 2022

These products won a Top Rated award for having excellent customer satisfaction ratings. The list is based purely on reviews; there is no paid placement, and analyst opinions do not influence the rankings. Read more about the Top Rated criteria.

Budgeting and Forecasting Products

(1-25 of 51) Sorted by Most Reviews

The list of products below is based purely on reviews (sorted from most to least). There is no paid placement and analyst opinions do not influence their rankings. Here is our Promise to Buyers to ensure information on our site is reliable, useful, and worthy of your trust.

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.…

Workday Adaptive Planning
Customer Verified
Top Rated

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.

Key Features

  • Forecasting (157)
    92%
    9.2
  • Management reporting (162)
    90%
    9.0
  • Financial budgeting (162)
    89%
    8.9
Prophix
Customer Verified
Top Rated
TRUE

Phophix offers a Corporate Performance Management (CPM) software that enables budgeting, planning, and reporting. Prophix emphasizes the software’s ability to automate data management and reporting tasks.

Key Features

  • Financial budgeting (143)
    92%
    9.2
  • Management Reporting (138)
    91%
    9.1
  • Management reporting (143)
    90%
    9.0
Vena
Customer Verified
Top Rated

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.

Key Features

  • Financial budgeting (148)
    91%
    9.1
  • Forecasting (143)
    90%
    9.0
  • Management reporting (145)
    90%
    9.0
Planful
Customer Verified
Top Rated

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

Key Features

  • Management Reporting (82)
    98%
    9.8
  • Financial budgeting (86)
    98%
    9.8
  • Management reporting (83)
    97%
    9.7
Board
Customer Verified
Top Rated
TRUE

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.

Key Features

  • Customizable dashboards (87)
    93%
    9.3
  • Drill-down analysis (91)
    90%
    9.0
  • Formatting capabilities (89)
    89%
    8.9
IBM Planning Analytics with Watson

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…

Key Features

  • Forecasting (71)
    95%
    9.5
  • Financial budgeting (71)
    93%
    9.3
  • Mobile Application (70)
    82%
    8.2
Oracle Cloud EPM

Oracle’s complete EPM suite is designed to give users the agility needed to respond to change faster. Combined with the simplicity of the cloud, it enables companies of any size to drive accurate and agile plans across finance and operational lines of business, accelerate financial…

Key Features

  • Financial budgeting (38)
    91%
    9.1
  • Forecasting (37)
    89%
    8.9
  • Scenario modeling (35)
    85%
    8.5
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.

Key Features

  • Excel-based Reporting (40)
    90%
    9.0
  • Management Reporting (38)
    89%
    8.9
  • Management reporting (38)
    77%
    7.7
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,…

Key Features

  • Management Reporting (36)
    83%
    8.3
  • Forecasting (37)
    74%
    7.4
  • Management reporting (37)
    70%
    7.0
Cube
Customer Verified

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.

Key Features

  • Management Reporting (24)
    92%
    9.2
  • Management reporting (24)
    90%
    9.0
  • Financial budgeting (24)
    90%
    9.0
OneStream

OneStream Software provides a finance platform that aims to reduce the complexity of financial operations. OneStream™ unleashes the power of finance by unifying corporate performance management (CPM) processes such as planning, financial close & consolidation, reporting, and…

Key Features

  • Financial data consolidation (18)
    99%
    9.9
  • Management reporting (18)
    96%
    9.6
  • Multi-currency management (18)
    95%
    9.5
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 presents what the vendor describes as an optimized budgeting experience that rids users of complex, error-…

Treasury Intelligence Solutions (TIS)

TIS helps organizations simplify and streamline their global payments and liquidity management operations. Our cloud-based platform empowers businesses to optimize critical functions surrounding cross-border and domestic payments, bank connectivity, cash forecasting, fraud prevention,…

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…

Key Features

  • Mobile Application (6)
    70%
    7.0
LivePlan

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

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,…

Key Features

  • Financial budgeting (6)
    86%
    8.6
  • Forecasting (5)
    60%
    6.0
  • Scenario modeling (5)
    47%
    4.7
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…

PlanGuru

PlanGuru is budgeting, forecasting and financial analytics software for SMB's, Nonprofits and the Accountants/ Advisors that work with them.

Float

Float is a cash flow forecasting solution that is designed to integrate with a company’s existing accounting software to create cash flow analytics.

Sage Intacct Planning

Sage Intacct Budgeting and Planning is a cloud budgeting and planning software with pre-built Sage Intacct integration for small to midsize businesses. It is a combination of cloud planning and budgeting that’s designed to be easy to deploy and use.

Fluence

Fluence Technologies provides a purpose-built financial consolidation, close and reporting software for mid-sized companies. The solution aims to give customers the time, confidence and performance they need by delivering game-changing efficiency gains and trusted, timely numbers.…

OnPlan

Spreadsheets are widely used for planning because of their flexibility and familiarity. With OnPlan, users get access to visualization capabilities, integrations, and collaboration features, in a solution designed to give the run-of-the-mill spreadsheet model more power. OnPlan integrates…

Jirav

Jirav, headquartered in San Francisco, aims to deliver smarter financials and faster insights, helping to understand where a business has been and predict where it will go. The system joins cloud-based Accounting, HR, CRM and billing data to automatically surface an interconnected…

HannaH

Hannah Solution develops solutions to elaborate financial plans for different purposes: establishment of a company, financial forecasts, M&A, funding, judicial reorganization, … The vendor states that their solutions are easy to use, reliable, adaptable, cloud-based, and with…

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.


Start a budgeting and forecasting software comparison here

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.