NaviPlan by Advicent vs. ARGUS by Altus Group

NaviPlan is an invaluable financial planning tool. There are so many strategies and reports that can be built and used within the software. I've been using it for around 8 years and still don't how to use all of the functions. It has come a long way over the 8 years in terms of functionality. There is a definite learning curve, however, I've found it has become more user friendly.

Incentivized

[Argus is] the best property valuation tool on the market but you also can't really do any advanced property valuations without Argus. It's an industry standard and while there are competitors, they do not approach the same feature set or institutional usage the Argus has.

Incentivized

• Employee benefits management, planning, and calculation become simpler with the Navi plan.
• Budget planning, risk management, and other account management become easy and simpler to analyze by the top management.
• Tax calculation and other payments become easy for the organization as well as individual employees.
• Cashflow analysis and modifications in the allocation become easy and could be understood by all the top-level management in a single window.

Incentivized

• Financial forecasting
• Property Valuation
• Improves Decision Making

Incentivized

• Much favorable for small industries, so better to make it good for large enterprise also.
• Illustration can be made easy so that quick understanding can be done.
• Tracking of the particular item is a bit difficult, this could be made easier.
• Not much user friendly compared to the competitors. But does the job well.

Incentivized

• Price
• Only game in town

Incentivized

Argus is the type of program that is very difficult to just sit down and figure out. Our analysts must have formal training in order to use it. The standard is a three day classroom course that is offered on a pretty regular basis.

Incentivized

Support is pretty good. The techs are pretty knowledgeable about the product and confident. You don't feel like they are just going through the knowledgebase and they are easy to understand. I have also never been stuck on hold for a long period of time to speak to someone.

Incentivized

Snap Projections - We were using this software up until this year alongside Naviplan to see how it compared. The reason we tried Snap Projections was the difference in pricing. Naviplan is expensive, where Snap is only a fraction of the cost. The biggest reason we stayed with Naviplan was familiarity for the advisor presenting. He was accustomed to it. I find the interface of Naviplan better cosmetically. They both are great financial planning software tools with pros and cons in each. I have found that you can manipulate the software to show most of what you need. Both platforms continually update and take user feedback into consideration when building on to it so they both get better all the time

Incentivized

• Tax calculation of the organization and employees was very difficult, and Navi Plan made is very easy now.
• The introduction of the software makes positive changes in the organization in managing the financial needs, which helps the organization to allocate what is required.
• Employee benefit calculation was a bit difficult and it made a big positive impact.
• It does the job and we get the best for what we pay for.
• If the industry becomes big, then slight changes must be introduced to manage the big data needs.

Incentivized

• It is costly
• But the best tool out there
• A vital decision making tool.

Incentivized