LivePlan Reviews and Ratings

Rating: 8.8 out of 10

Score

8.8 out of 10

Community insights

TrustRadius Insights for LivePlan are summaries of user sentiment data from TrustRadius reviews and, when necessary, third party data sources.

Pros

Easy and Simple Planning: Multiple users have praised LivePlan for its ease of use and simplicity in planning and budgeting their businesses. They have found the software to be user-friendly, even for individuals without prior business knowledge, with everything explained in detail. This has made it easier for them to write professional business plans.

Seamless Integration with Accounting Tools: Reviewers have highlighted the seamless integration of LivePlan with accounting tools like QuickBooks. This integration allows for easy importation of accounting data, which can then be included in automatically generated charts and graphs. Users appreciate this feature as it saves time and ensures accurate financial analysis.

Comprehensive Financial Planning Features: Many users have commended LivePlan for its robust financial planning capabilities. The software offers budgeting, forecasting, scenario analysis, and cash flow management functionalities that allow for comprehensive financial planning and analysis. These features are seen as valuable tools for effective decision-making in managing the financial health of a business.

Reviews

6 Reviews

Charts and charts are created automatically.

Rating: 10 out of 10

Incentivized

January 3, 2022

Use Cases and Deployment Scope

With the implementation of LivePlan, we have a functional performance in all areas that require a very well thought out and developed plan according to the expenses and budgets of each project that we have to develop, all this is possible without having to resort to spreadsheet software. LivePlan is in charge of calculating our budget in real-time according to our specifications and the amount of money available. The way LivePlan creates charts and graphs to improve our business is phenomenal, we no longer have to resort to complicated spreadsheets from other software.

Pros

LivePlan creates charts and graphs automatically to include the data to our business.
Creation of the budget in real time and without complex spreadsheets.

Cons

The daughters of calculations always generate long hours of work and loss of money, this is a thing of the past.
LivePlan has generated meeting our needs for budget control and plan creation.

Likelihood to Recommend

All businesses require solutions and tools for organization and control of expenses, spreadsheets were always the first option, but since the arrival of LivePlan, all work is easier and more automated. With LivePlan we have charts and graphs that are automatically created based on our data, this is a great time and money saver. LivePlan is a tool that has worked from day one and has met our expectations in creating the total budget.

Maggie Harder Lawrence

Business Sales Manager in Sales at General Motors (10,001+ employees)

Vetted Review

3 years of experience

View profile

Robust cash flow tool

Rating: 10 out of 10

Incentivized

December 18, 2021

Use Cases and Deployment Scope

LivePlan is a very well-designed platform to establish robust planning strategies with fundamental bases in budget development, my finance department has avoided the frequent use of tools such as Excel, it is beautiful to know the possible financial results of the projects with the robust flow of cash register. LivePlan is robust for revenue management, and best of all, it's easy to use in the finance department.

Pros

Robust cash flow system
Robust revenue management

Cons

Reports can be confusing
The cost is a bit high

Likelihood to Recommend

This tool is very favorable for the entire finance department, it gives us confidence with the robust management of income, cash flow, budget management, and data for planning future expenses. These are features that are robust and simple for everyone, there is no doubt to implementing LivePlan to build a robust financial system that can handle high expense processes.

Riley Theressa Mayer

Financial Consultant in Finance and Accounting at General Motors (10,001+ employees)

Vetted Review

2 years of experience

View profile

The path to success is taking massive, determined actions, LivePlan is here to help you just to that. An outrageous business planning tool.

Rating: 9 out of 10

Incentivized

December 15, 2021

Use Cases and Deployment Scope

LivePlan has been a key product in our company when dealing with planning of our company business. It makes it easy for us to keep our entire business enterprise organized for better productivity. More to planning, it offers us an outstanding platform for budgeting, keeping a track of our business progress a d performance as well as doing accurate forecasts on the future of our business. It has made it possible for us to simplify the planning and funding various business projects aimed at promoting the agility and the productivity of our business.

Pros

It makes it easy and simple to plan and budget the business.
It allows creating of accurate business forecasts.
It has detailed yet easy to use and customize built-in templates to help you get along with business planning easily.
It integrates and works perfectly well woth accounting tools like QuickBooks such that it is easy to import the accounting data.

Cons

The cost of the purchase packages is quite high.
It is not easy to transfer to word or pdf documents.

Likelihood to Recommend

Everything about business planning is a go for LivePlan. It makes it super easy to plan and fund various projects in your business which help improve your productivity and grow you business to next level. It has outstanding budgeting functionality aimed to make it easy for you to budget your business and perform various projects within specified budgets. Another outstanding functionality is the forecasting functionality which helps you predict the position and the progress of your business in the coming days, months and years.

Mariana Jones

National Key Account Manager- Fleet Sales in Finance and Accounting at IVECO ESPAÑA (10,001+ employees)

Vetted Review

3 years of experience

View profile

LivePlan - A Great Solution for Scenario Analysis and Straightforward Budgets

Rating: 9 out of 10

Incentivized

November 13, 2021

Use Cases and Deployment Scope

LivePlan has filled the need for quick forecasting for the finance department. It allows the user to easily change assumptions, and forecast not only the income statement but also the balance sheet and cash flow statement. This ability has saved many hours of rebuilding excel models to be able to get management timely answers to scenario testing.

Pros

Budgeting
Forecasting
Scenario analysis
Cash flow analysis

Cons

More KPI measurement
Including more non-financial data
Ability to export formulas to excel

Likelihood to Recommend

LivePlan works well for companies [that] fit their revenue models. They cover a broad spectrum of budgeting and can do a really good job of asking questions that might be missed doing an excel budget. They can accurately give cash flow timing differences from payments from customers, and calculate payroll estimates in detail. On the other hand, if you have a very specific business model, this may not work well for you. There were a few instances where I had to work around their software to get the answers I was looking for, but overall I think it is a fantastic tool for the price.

Verified User

Employee in Finance and Accounting (11-50 employees)

Vetted Review

2 years of experience

Best in class for small companies!

Rating: 10 out of 10

Incentivized

February 22, 2020

Use Cases and Deployment Scope

LivePlan is my primary financial forecasting and issue raising tool. I build out annual Pro-forma in Q4 with detailed revenue and expense category forecasts. The ability to build revenue and expense forecasts by category and the appropriate level of detail is highly useful. Monthly, and especially quarterly, we can see if and where we are off track relative to original goals and make necessary adjustments in the business. In my opinion, this is the best tool of its kind for business owners/operators. Well done.

Pros

It integrates with accounting software.
Shows appropriate levels in depth analysis.

Cons

UX: It's beyond time for an overhaul, especially on mobile. It can make the app seem dated.
The accounting software integration has been prone to break and need to be re-setup, though that seems to have improved.

Likelihood to Recommend

It's most appropriate when properly set up by someone with a deep knowledge of PNL/Forecasting.

It's inappropriate for companies with poorly structured/inconsistently maintained financial statements.

Jason Ogden, President

President / Partner in Sales at Syrup (11-50 employees)

Vetted Review

5 years of experience

View profile

Great for startups and ideas in development

Rating: 9 out of 10

Incentivized

October 18, 2016

Use Cases and Deployment Scope

Liveplan is used across the organization. Its purpose is to define our core business and to be our guidance for future decisions. In the beginning it was used just to write our business plan for our startup in order to present it to investors, now we use it to track our progress over time.

Pros

Great for startups that are still working on their idea.
Preparing for pitching and presenting.
People don't need business knowledge in order to write a professional business plan, everything is explained in details.
Simplicity.

Cons

It is software on its own and there are no abilities to connect to any other software so you have to input data constantly.
If you start within this software most likely over time this will be just your reference for the definition of your business, once you start growing there is not much to use here, better solutions are out there.
It is not a management tool as they advertise it.

Likelihood to Recommend

It is great for startups and people that are still developing ideas. Once you are in the market it does not really have much of a use within an organization, at that stage it just becomes the reference to what core your business is. Tracking business growth is great, but again only for first 1-3 years in the market (depending on growth).

Verified User

Administrator in Information Technology (501-1000 employees)

Vetted Review

3 years of experience

Loading Reviews List....

Home
,
Budgeting and Forecasting
,
LivePlan
,
Reviews and Ratings

The path to success is taking massive, determined actions, LivePlan is here to help you just to that. An outrageous business planning tool.

Rating: 9 out of 10

Incentivized

December 15, 2021

Use Cases and Deployment Scope

Pros

It makes it easy and simple to plan and budget the business.
It allows creating of accurate business forecasts.
It has detailed yet easy to use and customize built-in templates to help you get along with business planning easily.
It integrates and works perfectly well woth accounting tools like QuickBooks such that it is easy to import the accounting data.

Cons

The cost of the purchase packages is quite high.
It is not easy to transfer to word or pdf documents.

Likelihood to Recommend

Mariana Jones

National Key Account Manager- Fleet Sales in Finance and Accounting at IVECO ESPAÑA (10,001+ employees)

Vetted Review

3 years of experience

View profile