Best 5 Business Budgeting Software in 2024

What is budgeting software?

Budgeting software is specifically intended to optimize the efficiency of financial and operational planning and budgeting processes. Cloud-based planning and budgeting software enables seamless collaboration across finance and operational budget stakeholders.

Business Budgeting Software

This platform ensures that they work together on a unified and interconnected plan and budget that spans the whole organization.

With the use of budgeting software, companies may organize and oversee predictions of future company performance. Indeed, 92% of FP&A groups utilize spreadsheets every month.

However, Excel spreadsheets aren’t a panacea. They need human intervention, are imprecise, and were originally designed for individual users, in the case of Excel. Just as troublesome is legacy FP&A software, which is difficult to install, rigid, and connect with other applications.

However, strategic finance teams will keep using Excel for their budgeting needs. Excel is now used by many financial teams to keep track of expenses. They integrate it with their accounting software and other wealth management resources.

To modify and analyze financial data, they copy and paste information into Excel from several accounts, including the company’s bank account.

Budgeting software advantages

Financial tools, such as budgeting software, have several uses.

• Merge all of your bank accounts
• Stay on top of your expenditures, particularly if you have more than one bank account.
• To do analysis or manipulation, import the data into a spreadsheet program like Excel or Google Sheets.
• Simplify repetitive tasks by using automation software, such as

With facts organized in a single place, generating all the reviews you need to create the correct budgets is easier. As properly as forecasts, tracking KPIs, automating workflows, and different economic management duties.

Best Budegting Software

1. Cube

Cube is the real-time FP&A platform that embraces your spreadsheet. We provide a full-tool platform for data management, reporting and analysis, and planning and modeling. Providing you with a 360-degree view of your entire commercial enterprise. Past, present, and future.

Cube automates all of those manual, time-extensive FP&A obligations that used to consume your days and nights and frees you as much as cognizance on the good things: the high-value strategic evaluation and storytelling that drives destiny business overall performance.

Features:

• Automated fact consolidation: Connect facts from several sources for computerized rollups and drill-downs.
• Multi-scenario analysis: It allows you to seamlessly visualize how modifications to key assumptions affect average outputs.
• Endless integrations: integrations for spreadsheets (Google and Excel), accounting and finance, HR, ATS, billing & operations, income and advertising and marketing, and business intelligence.
• Customizable dashboards: Gives you the full ability to construct and proportion customizable dashboards.
• Native Excel and Google Sheets integration: Compatible and bi-directional with any spreadsheet
• Multi-forex aid: Evaluate your financials in each neighborhood and reporting currencies.
• User-based total controls: user controls, validations, and an audit path ensure that the proper facts are going to the right humans at the proper time.
• Centralized formulas and KPIs: Store all of your calculations in a central area and manage from a single supply of truth.

Pricing

• $1,250/month for lean finance teams
• $2,450/month for groups trying to scale

2. Anaplan

Anaplan is a cloud-based economic evaluation and planning platform that allows businesses to orchestrate business performance and hopefully execute financial decisions.

This software helps you plan complex financial eventualities all the way down to the smallest element. As properly as creating forecasts and long-term period strategies while empowering your groups to make better, statistics-subsidized selections.

Features:

• You can create and hyperlink to any number of planning streams via a primary dashboard.
• Can perform monetary evaluation down to a granular stage.
• Utilizes a powerful calculation engine able to perform massive, complex duties.
• You can effortlessly adapt fashions as your business surroundings adjust.

Pricing:

Anaplan has numerous exclusive pricing plans that provide special capabilities. They operate on a custom quote basis, so you’ll want to speak with a sales group member.

3. Oracle PBCS

Oracle PBCS is an EPM planning, budgeting, and forecasting platform. This software program lets FP&A groups make better alternatives by developing record-subsidized, cause-oriented plans.

This software program allows organizations to connect better for the duration of all departments, formulate sturdy economic strategies, and improve overall performance right down to a micro diploma.

Features:

• A huge range of customizations is available when generating reviews.
• Creates a single supply of truth for finance teams to work from.
• It helps power deep insights into a commercial enterprise’s financial fitness.
• Intuitive, easy-to-use interface.

Pricing:

Oracle no longer offers any pricing plan data. You’ll want to contact their income team for a custom quote.

4. Datarails

Datarails is a finance software program designed to help users better control statistics. This consists of creating higher budgets, forecasts, quick- and lengthy-term plans, and all aspects of financial management.

This software program is ideal for Excel and Microsoft-based total SMBs and allows FP&A groups to bring all of their information into one location. Then it affords the equipment to help them analyze and better use those facts.

Features:

• Creates an unmarried supply of reality and allows collaboration.
• It uses Excel at the front end and is straightforward to use without technical expertise.
• It helps automate repetitive responsibilities and decrease manual labor.
• A sturdy and secure platform helps reduce the chance of error.

Pricing:

Datarails does not now provide any pricing plan records. You’ll need to touch their income group for a custom quote.

5. Mosaic Tech

MosaicTech is a strategic finance platform that consolidates insights across an enterprise, unifies records, aligns FP&A groups, and allows organizations to make better choices.

This software program will hook up with your present tech stack, take some weight off your economic crew, and streamline the way you produce budgets and analyze your financial statistics.

Features:

• Multi-subsidiary consolidation allows connecting separate instances of information.
• Built-in currency conversion and removal are great for corporations running with more than one currency.
• It is easy to combine records across a couple of structures.
• Gives short and detailed insights into the monetary health of your enterprise.

Pricing:

Mosaic does no longer provide any pricing plan records. If you reach out to their sales group, they’ll give you a demo of the software program and provide a custom quote.