The 13 Best Business Budgeting Software Tools in 2021


The 13 Best Business Budgeting Software Tools in 2021

Two of the most important processes to an organization when talking about financial health and making better business decisions are; being able to produce accurate budgets and implementing intelligent software.

We’ve taken a closer look at budgeting and the challenges and benefits that come with creating a budget before. As well as some tips on how you can speed up your own budgeting process.

In this article, we’re looking at how you can leverage budgeting tools to do all the heavy lifting and help you and your team produce accurate and easy to understand budgets.

Good software automates the collection, organization, and use of financial data – past, present, and future.

This is why business budgeting software is an essential tool for any business looking to create budgets, forecasts and use their financial data to make better decisions.

Let’s take a closer look at why business budgeting software is so crucial and 11 of the best business budgeting software tools on the market.

What is Business Budgeting Software?

Business budgeting software are applications that enable businesses to plan and manage forward looking projections of business performance.

The ‘old’ way of doing things (which many businesses still employ) was to use spreadsheets, or clunky and expensive on-premise software.

The problem with spreadsheets is that they’re manual, error-prone, and built for single users. Legacy software is just as problematic, being difficult to deploy, inflexible, and hard to integrate with other tools.

These are all problems we set out to solve when designing Cube. Cube was built by finance, for finance. We understood the pain points and challenges finance teams we’re facing, and tackled them one by one to create the most powerful, flexible, and most importantly – efficient budgeting software on the market.

With Cube, you can connect existing spreadsheets and source systems into one powerful single source of truth.

With data being organized in one place, it’s easier to produce all the reports you need to create accurate budgets. As well as forecasts, tracking KPIs, automating workflows, and a host of other financial management tasks.

There are many features and tools to consider when choosing budgeting software that’s right for your business.

To help you with that decision, here is a look at the key features of 11 of the best business budgeting software tools on the market:

The 13 Best Business Budgeting Software Tools

1. Cube

Cube Business Budgeting Software

Cube is the real-time FP&A platform that embraces your spreadsheet. We provide a full platform of tools for all of your Data 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 FP&A 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.

Cube Business Budgeting Software

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.

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 down to analyst, are users of the Cube platform.

Key features:

  • Driver-based forecasting and budgeting tools.
  • Powerful reporting and KPIs help automate and analyze important data.
  • Excellent collaboration and control features to bring finance teams together.

Pricing:

Cube has two pricing plans. You can start with $850/mo, which is ideal for small businesses, or pay $1,650/mo if you’re looking to scale.

Cube Business Budgeting Software pricing

2. Anaplan

Anaplan Business Budgeting Software

Anaplan is a cloud-based financial analysis and planning platform that enables businesses to orchestrate business performance and execute financial decisions with confidence.

This software enables you to 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.

Anaplan Business Budgeting Software

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 in need of complex financial solutions.

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 member of their sales team.

3. Vena

Vena Business Budgeting Software

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 a number of tools designed to help finance teams of all sizes collaborate better, simplify key processes, and drive better data-driven solutions.

Vena Business Budgeting Software

What it is:

Vena is an enterprise-level financial planning software with a range of 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 uses pick up and use the software.
  • 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 make a decision before committing to a plan.

4. Oracle PBCS

Oracle Business Budgeting Software

Oracle 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 better connect across all departments, formulate robust financial strategies, and measure performance down to a micro level.

Oracle Business Budgeting Software

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 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 reach out to their sales team for a custom quote.

5. DataRails

Datarails Business Budgeting Software

DataRails is an FP&A solution designed to help users better manage financial data. This includes creating better budgets, forecasts, short and long-term plans, and all aspects of financial management.

This software is ideal for small to medium-sized organizations 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.

Datarails Business Budgeting Software

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:

This software is designed to help SMEs automate and streamline their financial processes. It uses Excel features, so is an obvious choice for teams already relying 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 tasks and reduce manual labor.
  • Robust and secure platform helps reduce the chance of error.

Pricing:

DataRails does not provide any pricing plan information. You’ll need to reach out to their sales team for a custom quote.

6. Mosaic

Mosaic Business Budgeting Software

Mosaic 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 of the weight off of your financial team, and help streamline how you produce budgets and analyze your financial data.

Mosaic Business Budgeting Software

What it is:

Mosaic is a real-time financial planning software that enables users to easily consolidate across ERP, CRM, HRIS, and billing systems and manage an 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 Business Budgeting Software

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 sources of data a breeze. You can organize, plan, model, budget, and easily analyze your financial data once it’s in Workday.

Workday Adaptive Planning Business Budgeting Software

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 Business Budgeting Software

Prophix is a budgeting, planning, and reporting software. This software gives you all the tools you need to gain complete control over your budgeting process and simplify the process.

Used by thousands of companies worldwide, Prophix provides you with the data you need to make smarter budgeting decisions.

Prophix Business Budgeting Software

What it is:

Prophix provides organizations with all the tools they need to automate and integrate their budgeting 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.
  • Can drill down into data to a fine granular level.

Pricing:

Prophix provides pricing upon request.

9. Centage

centage Business Budgeting Software

Centage is an intelligent planning, budgeting, and forecasting software. This cloud-based software delivers a powerful 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.

centage Business Budgeting Software

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 financial planning tasks.
  • Reporting and analytics tools are easy to use and produce insightful reports.

Pricing:

Pricing is available upon request.

10. Budgyt

budgyt Business Budgeting Software

Budgyt is a budgeting and financial planning software that emphasizes simplifying, organizing and managing financial 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.

budgyt Business Budgeting Software

What it is:

Budgyt is a 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:

Budgyt has three pricing plans ranging from $199/mo to $699/mo. They also have discounted rates for nonprofits.

budgyt Business Budgeting Software pricing

11. Planguru

planguru Business Budgeting Software

Planguru is an Excel and QuickBooks compatible budgeting software. It’s designed to help small to medium-sized businesses streamline how they organize their financial 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.

planguru Business Budgeting Software

What it is:

Planguru is a 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. Scoro

scoro Business Budgeting Software

Scoro is an intelligent budgeting software solution for businesses of all sizes. This platform includes a tool kit containing everything you need to manage your entire organizational finances in one place.

You can create forecasts, budgets, manage your invoicing, drill down into your data, and much more.

scoro Business Budgeting Software

What it is:

Scoro is an end-to-end work management solution that enables organizations better to manage their entire financial workflow in one space.

Who it’s for:

This software has a powerful suite of tools that can scale as a business does. It’s ideal for businesses of any size in need of a financial planning and project management solution.

Key features:

  • Easy to set and track KPIs and other important metrics.
  • Great project management software tools.
  • Easy to create and share budget and forecast information.

Pricing:

Pricing plans range from $26/mo per user to $37/mo per user, depending on requirements.

scoro Business Budgeting Software pricing

13. Float

float Business Budgeting Software

Float is a budgeting and cash flow software designed for businesses and individuals using QuickBooks Online, Xero, or FreeAgent.

This software makes organizing financial information easy and provides financial clarity with real-time data and a number of smart features.

float Business Budgeting Software

What it is:

Float is a cash flow and forecasting scenario planning software. This software enables users to see all future incoming and outgoings clearly, 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 that want to get 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.

float pricing Business Budgeting Software

Conclusion

As you can see, there is no “one-size-fits-all” when it comes to business budgeting software and tools.

There are some excellent tools on the market, however. Organizing financial 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 Cube today.

Cube is the only software that provides a full platform of tools for all of your 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 of the time-intensive tasks and bottlenecks that hold up budgeting and financial reporting.

Ready to change the way your FP&A teams work? A member of our team will take you through the software step by step and show you how you can improve the speed, quality, and collaboration of your current reporting, planning, and budgeting analysis.