Billy Russell
FP&A Strategist, Cube Software
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Business budgeting software tools enable businesses to plan and manage forward-looking business performance projections. The thing is: . But spreadsheets aren't the complete solution. They’re manual, not forgiving of errors, and Excel specifically was built for single users. Legacy FP&A software is just as problematic: challenging to deploy, inflexible, and hard to integrate with other tools. But strategic finance teams will continue using Excel as a budgeting software solution. Many finance teams today use Excel for expense tracking. They link their accounting software and other financial tools with it. They copy and paste data from their company bank accounts and other financial accounts into Excel to manipulate and analyze it. So we built Cube. More about that later. There are tons of reasons to use financial tools like budgeting software. With data being organized in one place, producing all the reports you need to create accurate budgets is easier. As well as forecasts, tracking KPIs, automating workflows, and variousother financialmanagement tasks. Cube is the real-time that embraces your spreadsheet. We provide a full tools platform forData Management, Reporting & Analysis, and Planning & Modeling. Providing you with a 360-degree view of your entire business. Past, present, and future. Cube automates all of those manual, time-intensive tasks that used to consume your days and nights and frees you up to focus on the good stuff: the high-value strategic analysis and storytelling that drives future business performance. What it is: Cube is the most intuitive and flexible FP&A platform on the market. It turns raw data and manual processes into streamlined, quick, accurate workflows. Here's a quick overview of Cube: Who it’s for: Cube is an FP&A platform for Financial Planning & Analysis (FP&A) teams. The buyer of the Cube platform is typically the head of the FP&A team, with titles such as Head of FP&A/Head of Finance, VP of FP&A/VP of Finance, or Director of FP&A/Director of Finance. The entire FP&A team, from VP to analyst, are users of the Cube platform. Features: ➡️ See all of our features here. Pricing: Anaplan is a cloud-based financial analysis and planning platform that enables businesses to orchestrate business performance and confidently execute financial decisions. This software lets you plan complex financial scenarios down to the smallest detail. As well as create forecasts and long-term strategies while empowering your teams to make better, data-backed decisions. What it is: Anaplan is a financial planning software that enables organizations to perform dynamic, collaborative, and intelligent planning solutions across every department. Who it’s for: This software has a powerful calculation engine and is designed for medium to large organizations needing complex financial solutions.What is business budgeting software?
Benefits of the best budgeting software platforms
The 12 best business budgeting software tools
1. Cube
2. Anaplan
Key features:
- You can create and link to any number of planning streams through a central dashboard.
- Can perform financial analysis down to a granular level.
- Utilizes a powerful calculation engine capable of performing huge, complex tasks.
- Can easily adapt models as your business environment changes.
Pricing:
Anaplan has several different pricing plans offering different features. They operate on a custom quote basis, so you’ll need to speak with a sales team member.
3. Vena Solutions
Vena is a complete financial planning and budgeting platform that combines the familiarity of Excel’s interface with Vena’s powerful growth engine.
This software has several tools designed to help finance teams of all sizes collaborate better, simplify critical processes, and drive better data-driven solutions.
What it is:
Vena is an enterprise-level financial planning software with various best-in-class capabilities to help finance teams streamline and improve their financial processes.
Who it’s for:
This software is designed to be an enterprise-level solution for medium to large-sized organizations and financial teams.
Key features:
- Uses Excel on the front end, which helps new users pick up and use the software.
- The cloud-based model means you can access your data from anywhere.
- Powerful and flexible reporting options help drive better decisions.
- API access enables you to export data into a BI tool of your choice.
Pricing:
Vena doesn’t provide any set monthly pricing information. You can request a demo or take a 7-day preview of their software to help you decide before committing to a plan.
4. Oracle PBCS
Oracle PBCS is an EPM planning, budgeting, and forecasting platform. This software enables FP&A teams to make better decisions by creating data-backed, goal-oriented plans.
This software enables businesses to connect better across all departments, formulate robust financial strategies, and measure performance down to a micro level.
What it is:
Oracle is an Enterprise Performance Management software that enables organizations to gain deeper insights into their financial health and drives better decisions.
Who it’s for:
This software is designed for large enterprise-level organizations. It’s used by some huge global brands like Avis, Chewy, Dropbox, and the Royal Bank of Scotland.
Key features:
- Intuitive, easy-to-use interface.
- Wide range of customization is available when producing reports.
- Creates a single source of truth for finance teams to work from.
- Helps drive deep insights into a business’s financial health.
Pricing:
Oracle does not provide any pricing plan information. You’ll need to contact their sales team for a custom quote.
5. Datarails
Datarails is finance software designed to help users better manage data. This includes creating better budgets, forecasts, short and long-term plans, and all aspects of financial management.
This software is ideal for Excel and Microsoft-based SMBs and helps FP&A teams bring all of their data into one place. Then provides the tools to help them analyze and better use that data.
What it is:
Datarails is a financial solution that connects all organizational systems and brings an organization’s financial data into one place on the cloud.
Who it’s for:
Datarails is designed to help SMBs automate and streamline their financial processes. It uses Excel features, so it's only a good fit for teams who work exclusively on Excel.
Key features:
- Creates a single source of truth and enables collaboration.
- Uses Excel on the front end and is easy to use without technical knowledge.
- Helps automate repetitive tasksand reduce manual labor.
- A robust and secure platform helps reduce the chance of error.
Pricing:
Datarails does not provide any pricing plan information. You’ll need to contact their sales team for a custom quote.
Check out our complete Datarails review.
6. Mosaic Tech
MosaicTech is a strategic finance platform that consolidates insights across an organization, unifies data, aligns FP&A teams, and helps businesses make better decisions.
This software will connect with your existing tech stack, take some weight off your financial team, and streamline how you produce budgets and analyze your financial data.
What it is:
Mosaic is a real-time financial planning software that helps users consolidate across ERP, CRM, HRIS, and billing systems and manage their organization’s financial data.
Who it’s for:
This software is designed for small to medium-sized companies, helping FP&A teams better organize, manage, and analyze their financial data.
Key features:
- Multi-subsidiary consolidation facilitates connecting separate instances of data.
- Built-in currency conversion and eliminations are great for companies working with multiple currencies.
- Easy to aggregate data across multiple platforms.
- Gives quick and detailed insights into the financial health of your business.
Pricing:
Mosaic does not provide any pricing plan information. If you reach out to their sales team, they’ll give you a demo of the software and provide a custom quote.
7. Workday Adaptive Planning
Workday Adaptive Planning is an enterprise planning software solution designed for businesses of all sizes.
This software makes consolidating any number of spreadsheets and other data sources a breeze. You can organize, plan, model, budget, and quickly analyze your financial data once it’s in Workday.
What it is:
Workday is a budgeting and financial planning software designed to help finance and FP&A teams streamline their workflows and improve how they use their data to budget and forecast.
Who it’s for:
This software is ideal for businesses of any size that need a modern software solution for collecting, organizing, and analyzing their financial data.
Key features:
- Easy to produce balance sheet and cash flow data with a few clicks.
- Strong budgeting and forecasting tools.
- Build 1-click refreshable board books, spreadsheets, and presentations.
Pricing:
Pricing is available upon request. Workday offers a free demo and a free trial if you’re interested in using the software before committing.
Read the complete Adaptive Planning Review.
8. Prophix
Prophix is budgeting, planning, and reporting software. This software gives you all the tools you need to gain complete control over your budgeting and forecasting process and simplify the process.
Used by thousands of companies worldwide, Prophix provides you with the data you need to make smarter budgeting and forecasting decisions.
What it is:
Prophix provides organizations with all the tools they need to automate and integrate their budgeting and forecasting processes. You can consolidate data, streamline workflows, and produce detailed reports on the backend.
Who it’s for:
This software is for organizations of all sizes looking for a robust budgeting solution.
Key features:
- Capable of complex financial reporting and analytics.
- Clean interface with clear visuals in the form of graphs and charts.
- Drill down into data to a fine granular level.
Pricing:
Prophix provides pricing upon request.
9. Centage
Centage is an intelligent planning, budgeting,and forecasting software. This cloud-based software delivers a robust suite of financial planning and analytics tools to help users gain deeper insights into their financials.
Small to medium-sized businesses can get the same level of detailed financial insights usually enjoyed by larger organizations using Centage.
What it is:
Centage is a budgeting, planning, and all-in-one financial intelligence platform. It’s designed to give users a direct line of sight into their business’s financial health and help them make better decisions.
Who it’s for:
This software is designed for small to medium-sized businesses that require detailed, analytical insights into their financial health.
Key features:
- Integrates with a wide range of third-party tools and apps.
- Capable of performing complex budgeting and forecastingand financial planning tasks.
- Reporting and analytics tools are easy to use and produce insightful reports.
Pricing:
Pricing is available upon request.
10. Budgyt
Budgyt is a budgeting and financial planning software that emphasizes simplifying, organizing, and managing data.
With an intuitive interface and a central dashboard displaying all your key financial information at a glance, anyone can take their budgeting to the next level.
What it is:
Budgyt is budgeting software designed to help save time and the expense of managing various spreadsheets and other budgeting tools by streamlining data. It’s a flexible, cloud-based, user-friendly application.
Who it’s for:
This software is designed for small to medium-sized businesses and nonprofits looking for an all-in-one solution to streamline their budgeting and financial planning.
Key features:
- Easy to turn all of your spreadsheets into organized databases.
- Can forecast and budget for years into the future.
- Integrates with a long list of third-party tools and software.
Pricing:
Budgythas three pricing plans ranging from $199/mo to $699/mo. They also have discounted rates for nonprofits.
11. Planguru
Planguru is an Excel and QuickBooks-compatible budgeting software. It’s designed to help small to medium-sized businesses streamline how they organize their data and improve their budgeting.
This software enables you to forecast and budget up to 10 years into the future. It also includes cash flow projections, financial ratios, and debt modeling tools.
What it is:
Planguru is flexible budgeting software that’s easy to pick up and use. It provides multiple ways to track expenses, forecast revenue, and create detailed budgets.
Who it’s for:
This software is ideal for small to medium-sized businesses and nonprofits.
Key features:
- Unlimited budgeting flexibility.
- Smart scenario analysis enables you to make better financial decisions.
- Compatible with QuickBooks, QuickBooks Online, Xero, and Excel.
Pricing:
Planguru provides pricing upon request.
12. Float
Float is a budgeting and cash flow software designed for businesses and individuals using QuickBooks Online, Xero, or FreeAgent.
This software easily organizes financial information and provides financial clarity with real-time data and many smart features.
What it is:
Float is a cash flow and forecasting scenario planning software. This software helps users clearly see all future incoming and outgoing cash, create and compare “what if” scenarios, and make better financial decisions.
Who it’s for:
This software is for individuals and businesses using QuickBooks Online, Xero, or FreeAgent who want better insights into their financials.
Key features:
- Seamlessly integrates with QuickBooks Online, Xero, or FreeAgent.
- “What if” scenarios give data-driver insights into future cash flow.
- Strong budgeting tools help make better financial decisions.
Pricing:
Float has three pricing plans ranging from $59/mo to $199/mo, depending on how many users and the features you want.
Conclusion: choose the best business budgeting software
As you can see, there's no “one-size-fits-all” regarding business budgeting software tools.
There are some excellent tools on the market, however. Organizing data, streamlining workflows, and producing budgets has never been easier for finance and FP&A teams.
To see the most intuitive and complete financial planning and business budgeting tool in action, book a live demo of Cubetoday.
Cube is the only software with a full platform for data management, reporting & analysis, and planning & modeling.
This enables FP&A teams to get a 360-degree view of the entire business; past, present, and future.
Cube also automates many time-intensive tasks and bottlenecks that hold up budgeting and financial reporting.
Ready to change the way your FP&A teams work?
