Budgeting & Forecasting

20+ best forecasting and budgeting software solutions [2024]

Updated: June 27, 2024 |

Gina Roffo

Head of Product Marketing, Cube Software

Gina Roffo
Gina Roffo

Gina Roffo is the Head of Product Marketing at Cube. With a career spanning over a decade in the fintech industry, she leverages her expertise to drive strategic product marketing in the finance and FP&A tech space.

Head of Product Marketing, Cube Software

20+ best forecasting and budgeting software solutions [2024]

Without accurate forecasting and budgeting, revenue growth is nearly impossible to achieve. 

The question is, how can you create accurate financial forecasts and budgets without sacrificing time? 

This is where forecasting software and budgeting software come in. With the right tools, you can confidently (and efficiently) analyze, plan, and allocate funds to ensure your company's financial health

Keep reading for a walk-through of the best forecasting and budgeting software on the market.

20+ best forecasting and budgeting software solutions [2024]
21:54

Contents

See Cube in action

Get out of the data entry weeds and into the strategy.

Free demo

Budgeting software vs. forecasting software 

A budget determines resources for each part of a company, from salaries to office supplies. It focuses on cash position, including expected revenues and expenses, to set specific financial goals for the future.

Financial forecasts, on the other hand, show potential futures. Teams examine possible economic outcomes based on current drivers and assumptions, commonly using  what-if analysis from Excel.

Software exists for both processes:

  • Budgeting software helps businesses create and maintain budgets by assessing past budgets, reviewing expenditures, and detecting overspending.
  • Forecasting software projects long-term and short-term financial performance. These tools use historical data, transaction and purchase history, competitor analysis, and market trends to make profit predictions and inform business decisions.

Businesses often buy budgeting and forecasting software together in a single platform that handles both processes, keeping business outcomes aligned. For instance, a budget might assume $10M in revenue, but the forecast might reveal only $8M. The business would then adjust variable costs and expense plans to meet cash targets.

(Need a refresher on the difference between budgeting, planning, and forecasting? Head here.)

Key features in forecasting and budgeting software

Without effective forecasting and budgeting, it’s tough to scale your business. The software you use throughout these processes determines the quality of your budgets and forecasts, so it’s crucial to select the right technology.

Consider the following features when choosing forecasting and budgeting software (these apply regardless of your business size or workflow):

Easy automation

You need budgeting and forecasting software to automate manual and repetitive tasks. This automation saves time and boosts productivity and efficiency.

Choose software with intuitive tools and workflows. These features make setting up and managing automation simple. Look for drag-and-drop interfaces, prebuilt templates, and customizable processes. These elements enable easy automation without much technical expertise.

Rolling budgets and forecasts

Many large businesses regularly revise their financial projections to reflect changes in their business environment, future demand, competition, and other economic factors.

If your budgeting and forecasting process works this way, you need software that supports driver-based budgeting and rolling forecasts. This feature allows you to update budgets and forecasts as needed.

With this software, you can avoid the stress of updating data across multiple plans. It automates calculations, data updates, and financial analysis.

Integration opportunities (especially for Excel and Google Sheets) 

Some forecasting and budgeting software includes enterprise tools like CRM, ERP, accounting, and business intelligence software. However, these tools may not be robust enough for all your financial needs.

Look for software that integrates seamlessly with other business software. This is especially important for Excel and Google Sheets, where you might build financial models, scenarios, and budgets.

Seamless integration eliminates the need for manual data input. It also ensures real-time sync between all platforms where you store financial data.

Financial reporting analysis

A financial reporting analysis tool in your budgeting and forecasting software gives you visibility into key financial metrics like revenue, cost, and cash flow. Automated data gathering fast-tracks your financial reporting.

This feature lets you generate custom reports based on specific metrics. You can easily analyze the outcome of your budgets and forecasts.

It also helps you track progress toward periodic goals. You can update your stakeholders when you need to and make data-driven decisions to achieve your financial goals.

Financial KPI dashboards

Financial KPI dashboards give you a clear view of your daily, monthly, and yearly financial performance at a glance.

KPI dashboards help you access, filter, and visualize data quickly. You can understand how your business is doing compared to the benchmarks set during budgeting and forecasting.

You can drill down into data to see more specific information. You can also compare performance across time periods or departments to identify patterns in performance.

Benefits of budgeting and forecasting software

Budgeting and forecasting is a complex process, especially in big businesses with a lot of data and teams involved.

Businesses can easily lose track of their overall outcomes and incur unnecessary costs during this process. Investing in budgeting and forecasting software is important to avoid these pitfalls.

This software gives your teams a more structured approach, making processes more effective. Here’s how:

Saves time and eliminates tedious manual processes

According to Asana, employees spend 60% of their work hours on repetitive manual tasks, leaving them with 40% of their time to choose forward-looking strategies and complete value-adding tasks. Not to mention repetitive tasks tend to increase the risk of human error and reduce productivity. 

Budgeting and forecasting software can automate tedious manual processes like data entry, cleansing, and verification, financial data reconciliation, and financial statement consolidation. 

This saves time and allows anyone creating budgets or forecasts to focus on more productive processes like financial planning, scenario modeling, and strategic decision-making.

Promotes transparency and collaboration

Research shows employees working on digital collaborative platforms complete tasks more effectively. Collaboration makes sharing information easy, supports joint problem-solving, and increases transparency throughout workflows.

The best forecasting and budgeting software provides a single centralized platform. All teams involved can work together and track their progress in real time, helping everyone stay aligned on the overall business goal.

Budgeting and forecasting require input from key teams in your organization. Providing them with a platform to share information, stay aligned, and take responsibility for their inputs enhances your team’s budgeting process.

Prepares businesses for presentations and audits

Budgeting and forecasting software have inbuilt tools that help you create customizable financial reports and interactive dashboards quickly.

You don’t have to scramble through multiple documents to create reports. The software allows you to present your business's financial progress and health in an easy-to-read manner to investors, board members, or partners.

This software also streamlines your auditing process. It helps you comply with regulatory standards and gives auditors access to accurate, real-time financial information throughout the year.

New call-to-action

Best forecasting and budgeting software

Whether you’re a small or large business, here are the best forecasting and budgeting software options to consider:

1. Cube

blue-cube-logo

Cube is the world’s first spreadsheet-native forecasting tool for businesses of all sizes—but it does much more than forecasting. 

Our cloud-based software helps finance teams work anywhere. We natively integrate with Excel and Google Sheets, so that FP&A teams can plan, analyze, and collaborate even across departments. Cube's single source of truth makes it easy to perform financial consolidation---combining data from multiple Excel spreadsheets and sharing it with leadership over Google Docs.

Many companies (like Instride and Figment) use Cube for nearly all of their financial operations. Figment even used Cube to improve its forecasting accuracy. Figment’s VP of Strategic Finance needed an easy, flexible, and trusted tool to budget, forecast, and report against multiple dimensions. Now, they have more flexible forecasts, and their forecasts went from 15-20% variances to from actuals to 2-3% with Cube. 

Cube offers faster time to value, with most companies completing onboarding within two weeks, and maintains competitive pricing.

Key features: 

  • “What-if” and multi-scenario analysis: Access specific forecasts with easily adjustable models. See how outputs change with more hires, productivity lags, and more.
  • Customizable dashboards: Use, adjust, and share reusable templates and dashboards.
  • Abundant integrations: Link Cube with endless HR, accounting, sales, or business intelligence software, like Salesforce or ADP—and of course, it’s compatible with any spreadsheet.
  • Multi-currency support: Create rich reports with local and foreign currencies, perfect for North American companies with international clients.
  • Centralized formulas and KPIs: Host all your calculations and formulas in one place for easy access and knowledge sharing.

Pros:

  • Quick deployment: Most businesses only need a few weeks to implement Cube, while other software can eat up months of onboarding time.
  • Quick and specific analysis: Cube allows for extensive, quick data collection, quality assurance, and laser-sharp analysis without human error. Forecasting is easily customizable to answer your business’s unique, burning questions about the future.
  • Intuitive and comfortable: Finance teams don’t have to abandon the spreadsheets they use. Cube lets you pull and push spreadsheet data while speeding up analysis.
  • Expert support: Connect with Cube’s team of finance professionals, including its former-CFO founder, to make the most of the software.

Cons:

  • It’s not for individual business owners: Cube works best for mid-sized or enterprise businesses.

Pricing: 

  • Cube go: $1,500+/month
  • Cube pro: $2,800+/month
  • Enterprise: Custom quote.
    See detailed pricing for customizable plans

2. NetSuite

Oracle Netsuite

NetSuite Planning and Budgeting helps finance teams automate financial processes and create accurate, accessible reports. Users can collaborate using customizable templates and workflows. NetSuite automates manual planning and budgeting processes and centralizes company financial and operational data, allowing you to perform forecasting and budgeting from a single point.

The platform’s data synchronization capabilities reduce manual processes and offer a more unified and transparent approach to financial processes.

Key features: 

  • Financial management: Reduce forecasting and budgeting cycles and ensure compliance with regulations.
  • Workforce planning : Streamline shift scheduling, capture attendance, and calculate wages across your workforce.
  • Data synchronization: Sync data in real-time across multiple business tools.
  • Dashboards: Use customizable dashboards to gain oversight of your business and drill down into business performance.

Pros

  • Allows easy comparison of budgets and actuals for decision-making
  • Enables users to generate thorough reports 
  • Provides access to custom templates and workflows

Cons: 

  • Bulky implementation process
  • Not user-friendly
  • High learning curve 
  • Might not be cost-effective for smaller organizations

Pricing: Annual licensing fees vary depending on users and add-ons, but exact pricing isn’t available on their site. Other sites report steadily increased pricing. 

3. Anaplan

Anaplan_logo (1)

Anaplan is a planning, forecasting, and financial management platform for finance and FP&A teams. It's an expensive enterprise solution for large companies. Anaplan lets users connect people, data, and plans to intelligently budget and forecast business outcomes for the entire organization.

Anaplan helps businesses move faster and make complex decisions with input and visibility for all stakeholders. But without a native Excel integration, it can be challenging to adopt. 

Key features: 

  • Personalized dashboards: Create dashboards based on metrics you want to see.
  • Cost and profitability analysis: Connect internal and external costs and profitability data to assess financial performance.
  • Scenario modeling: Do scenario modeling with dimensions such as location, currency, time, etc.
  • Automated financial reporting: Use AI to generate custom financial reports.

Pros:

  • Supports multiple use cases, like marketing, finance, supply chain, and more
  • Has a user-friendly interface

Cons:

  • Limited performance for giant data sets
  • Not suitable for ad-hoc reporting

Pricing: Pricing for the Anaplan platform is available by contacting the company. 

Also read: Anaplan vs. Adaptive vs. Planful vs. Vena vs. Datarails vs. Cube

4. Workday Adaptive Planning

workday-adaptive-planning-logo

Workday Adaptive Planning offers budgeting and forecasting software that covers financial, workforce, operational, and sales planning. 

The platform provides scalable and flexible financial planning for any size organization. It enables budgeting and forecasting teams to consolidate financial plans in real-time.

Customers praise the platform’s user-friendliness and customization options but lament the lack of training and support resources.

Key features: 

Pros:

  • Users can leverage dynamic budget models directly linked to financial data
  • It’s easy to change data and reflect changes in reports
  • Provides comprehensive discovery offers multiple KPIs, trends, projections, and breakdowns

Cons:

  • It’s incompatible with Google Sheets
  • The software is costly and implementation is time-consuming
  • It has inconsistent flexibility across tools

Pricing: Pricing is not available on their website.

5. Planful

Planful-Social-Card-dc025794d4b83bd77fe9208b65b99100 (1)-jpeg

Planful is budgeting and forecasting software that helps companies minimize costs and save time. It allows users to see real-time data, identify issues, and take action to improve financial performance and employee productivity. 

Some customers express satisfaction with the company’s responsive customer support and regular improvements. However, others feel frustrated with the slow analysis of large data volumes and report data inaccuracies.

Key features: 

  • Data consolidation: Combine financial data from multiple sources into a single view.
  • Drill-down analysis: View and analyze specific areas of your financial data.
  • Cash flow and rolling financial forecasts: Predict and manage your cash flow and make future projections you can adjust.
  • Long-term financial planning: Use pre-built templates for long-term financial planning.  

Pros:

  • Suitable for companies of every size
  • Supports integrations including NetSuite, Microsoft, and Excel

Cons:

  • Convoluted security settings
  • Difficult to set up a report template

Pricing: Planful doesn’t list pricing on their website, but users report the platform to be more expensive than others.

6. IBM Planning Analytics

ibm-planning-analytics-logo

IBM Planning Analytics helps businesses collect and analyze thousands of financial data points to support forecasting and budgeting needs. It provides built-in AI capabilities and what-if planning functionality so that teams can create budgets faster and forecast business outcomes with more accuracy.

The AI-powered software bridges department silos to help organizations manage their finances. Users can also connect with dedicated IBM experts to strategize financial goals.

Key features: 

  • AI forecasting: Use on-demand, multivariate, and baseline forecasting to make data-driven decisions. 
  • Performance scorecards: Assess business performance by comparing actual results to benchmarks.
  • Drag and drop Excel interface: Organize data within Excel sheets without manually arranging cells.

Pros:

  • Offers free trial
  • Provides real-time data insights
  • It has an easy-to-use interface

Cons:

  • It can be tricky to implement without coding knowledge

Pricing: 

  • Essential: $825/month
  • Standard: $1650/month
  • Premium: Custom quote

7. Oracle Essbase

oracle-hyperion-essbase (1)

Oracle Essbase allows users to optimize Excel spreadsheet data in the cloud, which makes complex hierarchies easier to manage.  

The platform enables users to analyze multi-dimensional data using data visualization tools and what-if analysis. Essbase operates via a web browser interface or Microsoft Office. 

Oracle Essbase is not a complete finance solution. It complements the tools FP&A teams use and supports the development of complex analytic applications.

Key features: 

  • Microsoft Office integration: Import financial data into Excel sheets to calculate and analyze performance.
  • Forecasting and scenario planning: Predict future financial performance and resources needed to achieve set goals.
  • Multidimensional models: Use graphs and charts to analyze data across multiple metrics

Pros:

  • Offers a rewards program
  • Provides extensive training materials and documentation

Cons:

  • The interface isn’t user-friendly, heightening the chance of human error

Pricing: Pricing details are unavailable online.

New call-to-action

8. Oracle Hyperion Planning

oracle-hyperion-logo

Oracle Hyperion Planning offers dedicated budgeting and forecasting software with a Microsoft Office-based interface. It's part of Oracle’s broader solution for Enterprise Business Planning.

The platform supports enterprise-wide budgeting and forecasting, allowing teams to align budgets and forecasts across all departments for cost-effective planning.

Oracle Hyperion Planning works on desktop, mobile, and Microsoft Office interfaces. It features robust integrations and workflow capabilities. However, some users report dissatisfaction with Hyperion’s templates.

Key features: 

  • Profitability and cost management: Build transparent allocation models for profitability analysis.
  • Scenario planning: Model long- and short-term business scenarios.
  • Financial data consolidation: Leverage built-in compliance functionality to create accurate and transparent reports.

Pros:

  • Offers ad-hoc reporting
  • Supports flexible budgeting
  • Easily customizable operating budgets (percentage increases, dollar increases, etc.)

Cons:

  • More suitable for larger organizations, not SMBs
  • High complexity system with a high learning curve

Pricing: Not listed or advertised on many sites. 

9. Board

board-logo

Board helps organizations gather financial intelligence and predictive analysis to streamline and transform a business’s financial operations. The company takes pride in unifying departments and adapting to various industries.

The platform provides integrated financial planning functionality, which enables finance teams to manage all business data from multiple sources on a single platform for better visibility over budgets and forecasts. 

Teams can unify cross-functional teams during planning and leverage predictive analysis to build agile plans.

Key features: 

  • Integrated financial planning: Connect all source systems together to get visibility into all financial statements.
  • Data visualization: Gain clarity on complex financial data with clear and easy-to-read visuals.
  • Data integrity and security: Maintain the integrity of your financial data with enterprise-level security. 

Pros:

  • It has multi-language support
  • Supports quick analysis without sacrificing security
  • It is a no-code platform

Cons:

  • It has an outdated user interface
  • The platform has a high learning curve

Pricing: Pricing is not listed online, but plans depend on business size, number of user licenses, and customizations. 

10. PlanGuru 

Screenshot 2024-06-26 130235

PlanGuru helps organizations improve financial decision-making with easy general ledger importing to create quick analytics. The budgeting flexibility allows businesses of all sizes—SMBs, startups, or corporations—to optimize various processes. Its flexible structure allows users to create consolidated multi-department or simple small budgets.

Planful lets users gain insights into specific areas of their business but while the company offers many features, some users report glitches.  

Key features: 

  • Forecasting methods: Use various forecasting methods to project business outcomes for up to 10 years.
  • Excel importing: Automatically import data from Excel.
  • Scenario analysis: Interpret the impact of specific scenarios on your finances.

Pros:

  • It has a 30-day money-back guarantee
  • Allows flexible budgeting
  • It lets users set custom business drivers, even for non-financial data
  • It has general ledger import abilities

Cons:

  • Users report the platform can be glitchy
  • Limited forecasting for multiple years in the future 

Pricing: 

  • Single entity: $99/month
  • Multi department: $299/month

11. Centage Planning Maestro

centage-vector-logo-2021 (1)

Centage Planning Maestro offers budgeting and forecasting software that automates tasks prone to human error. This formula-free FP&A software includes built-in business logic and accounting rules.

The platform uses driver-based budgets and forecasts and also offers workforce planning. Users can automate data integration and consolidation in real-time.

Centage Planning Maestro also has a workflow tool that helps teams collaborate on budgets and forecasts using permission-based workflows.

Key features:

  • Budget comparisons: Build budgets, test multiple scenarios and forecasts, and enforce your chart of accounts.
  • Scenario planning: Use what-if scenario planning to create multidimensional budgets showing various scenarios' outcomes.
  • Data visualization: Assess financial realities and results with easy-to-read dashboards and visuals.
  • Financial forecasting: Futureproof your business with flexible forecasting.

Pros:

  • Works for mid-sized businesses
  • Its driver-based budgeting tool accommodates many factors, like seasonal trends 
  • It has multi-planning scenarios

Cons:

  • The platform has limited mobile capabilities

Pricing: There are three pricing tiers: Standard, Professional, and Enterprise. Prices aren’t listed, but sources say plans start at $10,000 annually. 

12. Xero

xero-logo (1)

Xero offers simple accounting software that connects with banks for AI reconciliation. It provides cloud accounting, allowing businesses to centralize their finances and maintain paperless records.

Users can manage their accounting needs from one central, easy-to-use platform, saving time on tedious everyday tasks. Xero works best for small businesses that can’t afford expensive FP&A platforms and for large businesses seeking collaborative budgeting and forecasting.

Key features: 

  • Payment processing: Accept online payments via multiple payment methods.
  • Expense claims: Manage your spending and submit expense claims.
  • Account reconciliation: Compare varying financial records to ensure records are accurate and consistent.

Pros:

  • It’s affordable
  • It has an accounting dashboard
  • It supports efficient bookkeeping

Cons:

  • The platform has limited data visualization

Pricing: 

  • Starter: $15/month
  • Standard: $42/month
  • Premium: $78/month 

13. Prophix

prophix-logo (1)

Prophix is a cloud-based financial software solution that automates standard business processes like data importing, pre-built functionality, and reporting analytics. It allows users to keep all their processes and insights on one platform and use centralized capabilities like user management, workflow, and data integration. 

The platform’s AI-powered virtual financial analyst detects human error and unfamiliar transactions. It also enables teams to arrange disconnected data and have a single source of truth for making strategic decisions.

Key features: 

  • Compliance audit prep: Prepare financial records according to accepted audit standards.
  • Data collection and analysis: Collect and analyze data to make informed business decisions.
  • Driver-based plans and realistic forecasts: Enhance overall business planning with driver-based and realistic forecasts.

Pros:

  • Responsive customer service 
  • Organized workflows
  • Supports drill-down analysis
  • Extreme flexibility

Cons:

  • The graphs could be more robust
  • It has slow load times
  • Users complain of occasional bugs

Pricing: Users report reasonable pricing, but specific pricing isn’t listed online. 

14. Vena Solutions

vena_logo_v1_1__5e8f34e2823bb-1

Vena Solutions is an FP&A tool that helps with business budgeting and financial forecasting by automatically generating forecasts and insights from data.  The software loads automatic data into a single source of truth.

Vena provides variance analysis, identifies discrepancies, and builds ad-hoc reports for your business. It analyzes your company’s financial health by slicing and dicing data across different entities.

Key features: 

  • Forecasting: Gather market research and historical data on a single platform to make data-driven forecasts.
  • Statistical analysis: Identify and understand trends and patterns in data to make strategic decisions.
  • Performance metrics: Use quantifiable measures to evaluate the efficiency and effectiveness of your operations.
  • Data visualization: Provide a graphical representation of your financial data and performance to stakeholders.

Pros:

  • It has flexible models and templates
  • It's Excel-based

Cons:

  • Report writing can be clunky
  • The run/load time on large complex workbooks takes time
  • Template automation encounters issues due to certain Excel functions used

Pricing: Vena doesn’t list the price on its website, but customers cite its high price as an issue. 

New call-to-action

15. Jirav

Jirav-logo

Jirav  offers cloud-based financial planning and analysis, helping accounting and finance teams budget and forecast without spreadsheets. You can customize it to track, forecast, and share data.

Jirav works best for smaller businesses and organizations without international clients due to its lack of multi-currency capabilities.

Key features: 

  • Integrations: Integrate with your existing accounting tools to centralize financial data.
  • Driver-based forecasting models: Model and predict future performance with more accuracy.
  • KPI monitoring: Create dashboards and reports using industry-specific metrics and store them in a KPI library.

Pros:

  • It has visually appealing reports and graphs
  • It has a 14-day free trial for the starter plan

Cons:

  • No multi-currency capabilities

Pricing: 

  • Industry Safari: $20,000+
  • Strategy Safari: Custom pricing

16. Datarails

datarails-logo

Datarails uses automated consolidation and reporting to help organizations improve financial decision-making.  It integrates with ERPs and CRMS so users can consolidate their financial data.

The platform offers data consolidation, financial reporting, scenario analysis, financial reporting, and ERP-Excel connectivity. It provides automatic consolidation and reporting, letting users focus on the insights that can help their business.  

For companies using Excel to build budgets and forecasts, Datarails allows them to keep their Excel financial models and automate processes within Excel.

Key features: 

  • Sales commission: Reduce manual sales commission calculation work in Excel.
  • Monthly reports: Generate and share custom monthly reports.
  • Data visualization: Use dashboards integrated with your data sources in real time to visualize financial data.
  • Financial analytics: Use AI-powered FP&A tools to analyze patterns and trends.

Pros:

  • It has a great data visualization tool for gaining insights
  • It supports improved transparency with audit trails

Cons:

  • No integration with Excel 2007 or earlier
  • Limited dashboard reporting
  • The software can be glitchy or have long load times
  • Built for SMBs and difficult to scale
  • No Apple or OS X compatibility—Datarails is for Excel users only

Pricing: Not listed or discussed widely on the company site or across other websites. 

17. Solver

solver-logo-final (1)

Solver is a cloud-based corporate performance management software with automated budgeting and forecasting features. Users can forecast financial outcomes weekly, monthly, or annually, accessing critical insights in minutes.

The design allows businesses to analyze large data sets and create enterprise-wide budgets and forecasts, enabling faster decision-making.

It also provides a template marketplace where users can access prebuilt templates for reports, planning, and dashboards.

Key features: 

  • KPI-based or summarized dashboards: Build custom KPI-specific or business performance summary dashboards.
  • Trend analysis: Gather data over a period of time to identify business patterns or trends.
  •  Data warehouse: Integrate financial data from many sources on a single platform.

Pros:

  • The report generation resembles Excel
  • It has Microsoft BI integration

Cons:

  • Limited real-time data
  • Limited version control

Pricing: While pricing is not available on their website, reports note it starts at almost $7,000 a year. 

18. Budgyt

budgyt-72a3bb98

Budgyt is a cloud-based software tool that offers a solution to replace spreadsheets. It’s a financial budgeting tool that delivers solutions for small to medium-sized businesses, non-profits, or larger enterprises with complex needs like cost allocation.

The platform enables finance teams to automate manual processes and replace them with real-time consolidation and user-friendly dashboard navigation. 

It enables users to reduce their formulas when managing cashflow forecasts and P&L budgets, and also automate the auditing of business formulas.

Key features: 

  • Custom APIs: Import data from other software via APIs.
  • Multi P&L budgeting: Consolidate P&L budgeting by department, sub-department, or entity in a hyperlinking platform.
  • Data visualization: Use custom dashboards to view data.

Pros:

  • It has a 5-10 day deployment and custom onboarding
  • It's affordable

Cons:

  • Integrations (like QuickBooks) can be slow to load
  • Limited reporting capabilities

Pricing: Pricing is not available online

19. Mosaic Tech

mosaic-desktop

Mosaic is a strategic finance platform that provides real-time analytics, prebuilt templates, advanced assumptions, and flexible drivers to help businesses create budgets and forecasts. It allows finance teams to combine accounting, financial, operational, and workforce data to forecast multiple business scenarios and potential outcomes based on custom inputs. 

It’s designed for small to medium companies and allows them to connect their existing tech stack. However, the platform is SaaS-focused, and non-SaaS companies might need an alternative platform.

Key features: 

  • Top-line planning: Use real-time data and custom formulas to forecast revenue from the ground up.
  • Collaborative budgeting: Shift your budgeting from single-player to multiplayer by creating collaborative workflows and inviting departments to the budgeting process.
  • Close and consolidation: Automate the consolidation of multiple subsidiaries into a single chart of accounts. 

Pros:

  • Automated flux and variance analysis
  • Supports foreign currency translations
  • Integrates with Salesforce, Google Sheets, Hubspot, Bamboo HR, and more

Cons:

  • It’s not suitable for non-SaaS businesses

Pricing: Mosaic offers three pricing plans: Analytics, Foundational, and Growth, but pricing details are not available online.

20. Sage Intacct

Sage intacct resized

Sage Intacct is a cloud financial software that lets you build dashboards in minutes. Its general ledger includes eight dimensions, contextualizing transactions, budgets, and operations. 

The platform gives users real-time visibility into the data they use for budgeting and forecasting and provides multi-entity functionality for planning across business departments. 

Sage Intacct gives users access to their API to build custom solutions for their businesses and also integrate with native business tools.

Key features: 

  • Accounts payable and receivable: Automate accounts payable and receivable and manage your cash flow.
  • Dashboard and reporting: Get real-time financial visibility and make data-driven decisions. 
  • Payroll: Unify your payroll, HR, and accounting.

Pros:

  • Allows for easy payment approvals
  • Provides customizable dashboards and reporting
  • It integrates with Cube

Cons:

  • Bulky integrations
  • Limited training and onboarding

Pricing: Sage Intacct advertises “tailored” pricing and invites you to reach out for a quote. Users report expensive plans compared to competitors. 

Choose the best forecasting and budgeting software  

The best forecasting and budgeting software makes life easier for your finance teams. It helps you grow and optimize your processes, not replace them entirely. 

You can automate repetitive tasks that distract your finance teams and give them more time to focus on crafting strategies and growing your business performance. 

The software will provide them with a central platform to collaborate with other teams, key stakeholders, and decision makers to get a holistic view of everything happening in your organization. 

Integrating forecasting and budgeting software into your processes is not just about giving your finance team another tech solution to work with. It’s about helping them streamline workflows and make better data-driven solutions to grow your business. 

Book a free demo to see how Cube can help you achieve that. 

New call-to-action

More on forecasting and budgeting software solutions

  • What is financial forecasting and budgeting software?
    +

    Financial forecasting and budgeting software helps businesses plan, allocate, and consolidate company budgets across multiple departments. These tools take historical data to generate valuable financial insights and projections. 

     

    While some software focuses on either budgeting or forecasting, most combine the two. Additionally, many are part of a more extensive corporate performance management software, often connecting multiple business operations into one platform.

     

    These financial budgeting tools may include integrated business planning, financial budgeting, financial reporting, financial planning, or financial consolidation capabilities. Some even let FP&A teams perform broader integrated business planning.

  • How does forecasting and budgeting software help finance teams?
    +

    Forecasting and budgeting software streamlines finance teams' financial planning, budgeting, and forecasting processes. 


    They help finance teams create more accurate budgets, predict future financial performance, analyze variances, and make strategic decisions.


    According to Deloitte, finance teams using forecasting and broadcasting software report a 25-30% improvement in forecast accuracy, while about 50% of companies realize significant time savings in budgeting.
  • How much does forecasting and budgeting software cost?
    +

    The cost of forecasting and budgeting software depends on your chosen software provider. 

     

    Many offer subscription-based monthly and annual payments or custom pricing.

     

    Cube software, for example, costs $1,500+ monthly for lean finance teams looking to improve their speed, accuracy, and scalability, and it costs $2,800+ monthly for companies that want to scale their reporting, planning, and performance.