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Budgyt is a dynamic FP&A platform that simplifies budgeting, forecasting, and reporting. It offers a single source of truth for CFOs and finance teams to integrate financials, streamline processes, and manage multiple departments.
Best Budgeting and Forecasting Software 2025
What is Budgeting and Forecasting Software? Budgeting and Forecasting Software enables users to develop well-informed financial plans in order to best prepare for future business ventures. It provides businesses with the tools to estimate future earnings and expenditures across disparate departments.For complex organizations, budgeting and forecasting software acts as a centralized hub for budgets, forecasts, and spending reports across the entire organization. Department managers typically use ...
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Learn More about Budgeting and Forecasting Software
What is Budgeting and Forecasting Software?
Budgeting and Forecasting Software enables users to develop well-informed financial plans in order to best prepare for future business ventures. It provides businesses with the tools to estimate future earnings and expenditures across disparate departments.For complex organizations, budgeting and forecasting software acts as a centralized hub for budgets, forecasts, and spending reports across the entire organization.
Department managers typically use budgeting and forecasting software to construct budgets and forecasts for their respective departments. Accountants can then use this software to bring together the various budgets from different departments to construct a company-wide budget.
Budgeting and Forecasting software share many features with basic accounting or budgeting software. They typically include more advanced functionalities with respect to their forecasting and scenario modeling features. Budgeting and Forecasting software functionalities are also often included in Corporate Performance Management (CPM) suites, but will lack the proactive KPI management features of the larger platforms.
Budgeting and Forecasting Software Features
A typical budgeting and forecasting software tool will include the following features:
- Long-term financial planning
- Financial Budgeting
- Forecasting
- Scenario Modeling
- Management Reporting
- Analytics
- Version Control
Budgeting and Forecasting Software Comparison
Consider these factors when comparing budgeting and forecasting software:
- Point Solution vs. CPM Suite: The size of your organization will likely determine whether you opt for a dedicated Budgeting and Forecasting tool or a more comprehensive Corporate Performance Management tool that includes budgeting and forecasting as one of its features. Given the cost of the suite-style CPM products, smaller outfits may opt to go with the cheaper dedicated budgeting and forecasting tools. Whereas larger, complex organizations would likely benefit from the increased functionality of a CPM product.
- Integrations: Consider how well each budgeting options integrates with existing finance and accounting tools. Data will need to flow smoothly from system to system and avoid manual data transfers at all costs. Product demos and reviewer experiences are both strong sources of insight for this question.
Pricing Information
Budget and forecasting functionalities are often one module of a suite-style platform. Pricing for suite-style products are not available unless requested from the vendor directly. Products dedicated solely to Budget and Forecasting include tiered pricing that ranges from $0-$60 per month on the low end to $30-$200 on the high end. The higher price points typically include more seats, dedicated support and, in some cases, access to financial advisors. Some vendors do offer a free trial, but this is less common for the suite-style platforms.
Budgeting and Forecasting FAQs
What Does Budgeting and Forecasting Software Do?
Budget and forecasting software provides users with a means to collaboratively create budgets and share them across multiple departments. Users can also use Budget and Forecasting software to plan future budgets by incorporating historical data and analytics to predict what resources will be needed.
What Are the Benefits of Using Budgeting and Forecasting Software?
Budget and Forecasting software ensures that future financial resources will be allocated in the most efficient manner based on prior business expenditures. It also helps keep budgeting and budget planning consistent across multiple departments.
What Are the Best Budgeting and Forecasting Software?
Some popular budgeting and forecasting software products include:
How much does Budgeting and Forecasting Software Cost?
For products that are dedicated solely to budgeting and forecasting, you can expect to pay anywhere from $30-$200 a month depending on how many seats you need and how many advanced features you want the product to include. Suite-style platforms, such as a Corporate Performance Management solution, will cost significantly more, though they typically require you to reach out for pricing information.
