Budgeting software at PROPHIX. Your source for forecasting, corporate budgeting, strategic planning, consolidation, financial analysis, scorecarding.
Free Webinar | Request More Info | Our Solutions | Guided Tour
www.PROPHIX.com
Offers Budget Maestro for budgeting, forecasting and 'what-if' versions with balance sheet and cash flow instantly. Free 30-day trial.
Product Tour | Free Test Drive | Webinar | White Paper
www.centage.com
Compare budgeting software using Capterra's free, comprehensive directory.
Capterra.com
Streamline Expenses, Assets & More With Sage MAS. Learn More Now.
Request Info | See Demo | See WebCast | About Us
www.SageMAS.com
Predict Change and Manage the Future with Confidence.
www.BusinessObjects.com
Financial and strategic planning software for budgets & forecasts
www.claritysystems.com
Find Vendors for Budgeting Software by Industry in Minutes. Get Quotes From Multiple Vendors. Learn More Now!
vendorguru.com
Eliminate spreadsheets, budget software built for government.
www.TeamBudget.com
Real-Time, Customizable Forecasts. Try Salesforce: Free Trial & Demo.
www.salesforce.com
Budgeting and rolling forecasts. Multiple user. Integrated actuals.
www.AlightPlanning.com
Forecasting and Budgeting Software Free Templates. Free 30 Day Trial.
www.Quantrix.com
Get Easy Access to Critical Data for Accurate Strategic Decisions.
www.Microsoft.com/EveryoneGetsIt
Provider of business planning applications for planning, budgeting, forecasting, modeling, reporting and performance analysis.
www.adaytum.com
Web-based budgeting and forecasting software for small business owners.
www.budget21.com(Paid)
Budgeting software at PROPHIX. Your source for forecasting, corporate budgeting, strategic planning, consolidation, financial analysis, scorecarding.
Free Webinar | Request More Info | Our Solutions | Guided Tour
www.PROPHIX.com (Paid)
Offers Budget Maestro for budgeting, forecasting and 'what-if' versions with balance sheet and cash flow instantly. Free 30-day trial.
Product Tour | Free Test Drive | Webinar | White Paper
www.centage.com (Paid)
Find Vendors for Budgeting Software by Industry in Minutes. Get Quotes From Multiple Vendors. Learn More Now!
vendorguru.com (Paid)
Compare budgeting software using Capterra's free, comprehensive directory.
Capterra.com (Paid)
My Business Manager together with your accounting system provides a complete budgeting, cash flow, planning and reporting solution.
www.mbmglobal.com(Paid)
Mint.com offers free online personal budget and planning software and tools. It is simple to improve your personal finances and accounting with Mint.
www.mint.com(Paid)
Developer of business application software. Applications include financial reporting, budgeting and sales reporting. The software runs on Windows and client/server platforms. The software also supports Sybase, Oracle, SQL Server and Access da...
www.helmsmangroup.com
Provider of financial software products for applications such as budgeting, planning, financial consolidation, management reporting and analysis.
www.prophix.com(Paid)
Streamline Expenses, Assets & More With Sage MAS. Learn More Now.
Request Info | See Demo | See WebCast | About Us
www.SageMAS.com (Paid)
Specialist in employing online analytical processing (OLAP) technology to create and implement business applications for analyzing data.
www.stratature.com
Predict Change and Manage the Future with Confidence.
www.BusinessObjects.com
Financial and strategic planning software for budgets & forecasts
www.claritysystems.com
Eliminate spreadsheets, budget software built for government.
www.TeamBudget.com
Guide to Budgeting Software
Find computer programs that can forecast and follow the money- Serve as a common forum for budget planning and budget forecasting.
- Easily extract data from popular spreadsheet and database programs.
- Seamlessly link suppliers and customers to the budgeting process as required.
- Be easy enough to use so employees at all levels can create and understand budgets.
- Be scaleable and powerful enough so that data can be extracted and utilized for more robust financial analysis.
- Contain tools to help budgeters comply with current and future industry and government regulations.
- Come from a software firm that provides bulletproof security features, ongoing product support and regular upgrades.
Action Steps
The best contacts and resources to help you get it done
Assess your company's budgeting requirements
Every company is different. A real estate development firm might create a fresh budget for each new project, while a medical office might work from a single operations budget year after year.
I recommend:
Create a working group drawn from all employees to analyze your company's current budgeting process and forecast its future needs. Palo Alto Software, with the co-sponsorship of the Small Business Administration, created an online presentation that guides entrepreneurs in strategic-planning areas such as the budgeting process. Also check out Law.com's online guide to small business budgeting.
Explore budgeting software already widely used in your industry
Choosing an industry-standard package can help speed the learning curve for new employees who may have used the program elsewhere. Consult your accounting and financial employees, who may have strong preferences about packages.
I recommend:
Just as Microsoft Excel has become the standard business spreadsheet application, budgeting/accounting software packages such as Intuit's QuickBooks: Pro 2006 and Microsoft Dynamics also have wide followings. Compare budget planning and budget forecasting features of packages and visit vendor sites at the Web site Capterra's Budgeting Software Directory. Find more budgeting software and accounting software at Business.com.
Choose between hosted and non-hosted budgeting solutions
Third-party hosting companies can provide seamless online access to budgeting software, a feature that's especially important if members of the budget team work in different locations.
I recommend:
Adaptive Planning, Expensewatch and Netsuite's NetERP are three hosted enterprise solutions that integrate budgeting with operations monitoring. Find more enterprise resource planning software at Business.com. QuickBooks Online Edition's may suit the needs of smaller firms.
Introduce a new budgeting package via a company-wide training program
New budget software can spark a company-wide initiative to make everyone more aware of budget planning and budget forecasting that, in turn, can enhance cash flow.
I recommend:
Save time, money and effort by opting for products that include detailed online training courses. Though geared to non-profits, the Foundation Center's online course on budgeting embodies the same techniques used by small companies.
Tips & Tactics
Helpful advice for making the most of this Guide- Make sure those with budgeting responsibility regularly input their actual numbers.
- Monitor budgets regularly as they're being implemented and devise alarms when current and projected numbers deviate significantly from budget forecasting.
- Develop methods to compare departmental and company-wide budgets year over year to aid in forecasting and analysis.
- In budget planning, assign a probability to each of your projections to identify where spending may exceed allotted amounts. For example, a budget's energy usage projection might have a low probability as long as energy prices remain volatile, while costs such as employee parking spaces may be easier to pinpoint.
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