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Budgeting Software

Budgeting software in Canada automates the coordination of an organization's financial resources and expenditures. Budgeting solutions allow for timely and accurate data management and analysis in order to give an overall picture of a business' growth and profitability. Multiple users across various departments can contribute their projected expenses and revenues to the organization's budgeting system, providing an automated budget approval process. Budgeting software is related to Accounting software, Business Performance Management software and Financial Reporting software. Find the best budgeting software in Canada for your organization.

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Easily build, execute, and measure marketing plans and budgets with Planful to better understand the business value of your marketing. Learn more about Planful for Marketing
Marketers looking to prove and improve the business value of their marketing use Planful for Marketing to quickly and easily create winning plans, maximize budget impact, and measure the true performance. Unlike disconnected, static spreadsheets and disparate tactical marketing systems, only Planful for Marketing offers a unified, collaborative platform that delivers AI-driven process automation for achieving agility, efficiency, and industry-leading marketing performance. Learn more about Planful for Marketing

Features

  • General Ledger
  • Strategic Planning Software
  • Chart of Accounts
  • Consolidation/Roll-Up
  • Multi-Department/Project
  • Multi-Company
  • Cash Management
  • Income & Balance Sheet
  • Profit/Loss Statement
Datarails is the Financial Planning and Analysis solution for Excel users. Learn more about Datarails
Datarails is a financial planning and analysis platform for Excel users. It automates data consolidation, reporting and planning, while enabling finance teams to continue using their own Excel spreadsheets and financial models. Automating these manual processes paves the way for finance teams to spend more time analyzing data and less time collecting it. It also empowers them to answer essential strategic questions like what their organization can do to increase revenue and reduce expenses. Learn more about Datarails

Features

  • General Ledger
  • Strategic Planning Software
  • Chart of Accounts
  • Consolidation/Roll-Up
  • Multi-Department/Project
  • Multi-Company
  • Cash Management
  • Income & Balance Sheet
  • Profit/Loss Statement
Multiview ERP is a highly scalable fully-integrated suite of financials that is highly configurable to several industries. Learn more about Multiview ERP
Multiview Budgeting and Forecasting enables you to tightly control your finances, while preparing for the future. Budget across multiple items within the chart of accounts, from business units, to Multiview's Related Accounting Data. Gain actionable insights by creating rolling forecasts, trend analyses and what-if scenarios to prepare for any eventuality within a business. Multiview's B&F is fully integrated with General Ledger functionality, allowing seamless creation of variance reporting. Learn more about Multiview ERP

Features

  • General Ledger
  • Strategic Planning Software
  • Chart of Accounts
  • Consolidation/Roll-Up
  • Multi-Department/Project
  • Multi-Company
  • Cash Management
  • Income & Balance Sheet
  • Profit/Loss Statement
Optimize your planning, budgeting, and forecasting effortlessly with the premier cloud-based planning application. Learn more about Planful
Easily budget, plan, and forecast with agility using Planful, the trailblazer in end-to-end financial close, consolidation, and financial planning & analysis (FP&A) cloud software. Trusted by over 1,000 customers, including industry leaders like Boston Red Sox, Del Monte, TGI Friday’s, and 23andMe, Planful accelerates cycle times, enhances productivity, and ensures accuracy throughout the entire FP&A process. Discover more at www.planful.com Learn more about Planful

Features

  • General Ledger
  • Strategic Planning Software
  • Chart of Accounts
  • Consolidation/Roll-Up
  • Multi-Department/Project
  • Multi-Company
  • Cash Management
  • Income & Balance Sheet
  • Profit/Loss Statement
Power ON turns Power BI into a real-time data collection and decision-making machine for Planning and Data Collaboration processes. Learn more about Power ON
Power ON enables organizations to turn Power BI into a real-time, collaborative, data collection, and decision-making machine for innumerable Planning and Data Collaboration processes. Using Power BI as our cornerstone, Power ON’s software suite enables Planning, Forecasting, Modeling & Enhanced commentary functionality, all in Power BI. Data can be stored where our users want it; on-premises, in the Cloud, or hybrid; across SQL Server, Snowflake, Azure, Oracle, Hana; the choice is yours. Learn more about Power ON

Features

  • General Ledger
  • Strategic Planning Software
  • Chart of Accounts
  • Consolidation/Roll-Up
  • Multi-Department/Project
  • Multi-Company
  • Cash Management
  • Income & Balance Sheet
  • Profit/Loss Statement
Canada Local product
Limelight is cloud FP&A software for CFOs and their finance teams to drive growth, agility and critical business decisions. Learn more about Limelight
Limelight is cloud FP&A software for finance teams to drive growth, agility and every critical decision their business makes. Hundreds of CFOs across North America use Limelight to uncover the insights and models that lead to successful business plans - and greater influence, respect and recognition for their finance function. For their finance teams, Limelight puts an end to struggling with spreadsheets and stereotypes. Replacing manual data collection with engaging work that impacts their business future. To deliver budgets and reports 75% faster with 100% accuracy. We’re proud to serve leaders in sectors including not-for-profit, healthcare, higher education and manufacturing. Companies running on Sage Intacct, NetSuite and Microsoft Dynamics. And the most satisfied customers in the business. Learn more about Limelight

Features

  • General Ledger
  • Strategic Planning Software
  • Chart of Accounts
  • Consolidation/Roll-Up
  • Multi-Department/Project
  • Multi-Company
  • Cash Management
  • Income & Balance Sheet
  • Profit/Loss Statement
QuickBooks simplifies budgeting with tools to track spending & adjust in real time. Trusted by 7M+ users. Get 50% off for 3 months
QuickBooks Online is an accounting software and app that allows you to manage your business anywhere, anytime. Used by over 7 million customers globally, QuickBooks provides smart tools for your business, yet is easy to use. You can organise your books, manage expenses, send invoices, track inventory, and even run payroll. With QuickBooks Online, you can get organised, save time, and even get paid fast by adding payment features. Best of all, you can try it for free for 30 days. Buy now and save 75% off QuickBooks for the 1st 6 months! Learn more about QuickBooks Online

Features

  • General Ledger
  • Strategic Planning Software
  • Chart of Accounts
  • Consolidation/Roll-Up
  • Multi-Department/Project
  • Multi-Company
  • Cash Management
  • Income & Balance Sheet
  • Profit/Loss Statement
Xero is an online accounting software solution for small businesses, sole traders, and accountants in any industry.
Xero is an online accounting software designed for small business owners and accountants, available on any computer or mobile device with an internet connection. It assists with finances and cash flow in real time, importing of transactions from bank accounts, and integrating with third-party business applications. Learn more about Xero

Features

  • General Ledger
  • Strategic Planning Software
  • Chart of Accounts
  • Consolidation/Roll-Up
  • Multi-Department/Project
  • Multi-Company
  • Cash Management
  • Income & Balance Sheet
  • Profit/Loss Statement
Procore construction management software handles construction projects, resources, people, and financials from planning to closeout.
Procore construction software manages construction projects, resources and financials from planning to closeout. The platform connects every project contributor to solutions built specifically for the industry for the owner, the general contractor and the specialty contractor. The ability to communicate across teams makes it easier to work together by establishing a single source of truth. This is how Procore gives teams easy access to everything they need to know to get the job done. Learn more about Procore

Features

  • General Ledger
  • Strategic Planning Software
  • Chart of Accounts
  • Consolidation/Roll-Up
  • Multi-Department/Project
  • Multi-Company
  • Cash Management
  • Income & Balance Sheet
  • Profit/Loss Statement
NetSuite Planning and Budgeting is used by companies worldwide to meet organization-wide business planning needs.
NetSuite Planning and Budgeting Cloud Services (PBCS) enables quick adoption of world-class financial planning and budgeting across lines of businesses with flexible and customizable deployment options. Oracle NetSuite PBCS facilitates both company-wide and departmental financial planning with modelling capabilities, approval workflows and reporting within one collaborative scalable solution. Learn more about NetSuite

Features

  • General Ledger
  • Strategic Planning Software
  • Chart of Accounts
  • Consolidation/Roll-Up
  • Multi-Department/Project
  • Multi-Company
  • Cash Management
  • Income & Balance Sheet
  • Profit/Loss Statement
Cloud-based human resources solution that helps businesses streamline workforce planning, talent management, and payroll processes.
Workday is a leading enterprise platform that helps organizations manage their most important assets – their people and money. The Workday platform is built with AI at the core to help customers elevate people, supercharge work, and move their business forever forward. Workday is used by more than 10,500 organizations around the world and across industries – from medium-sized businesses to more than 60% of the Fortune 500. Workday Human Capital Management (HCM) is the Workday flagship application suite for HR, with over 5,525 customers and more than 70% live. Other products targeting the CHRO include Workday Adaptive Planning, Workday Expenses, Workday Help, Workday Journeys, Workday Labor Optimization, Workday Learning, Workday Payroll, Workday Peakon Employee Voice, Workday People Analytics, Workday Prism Analytics, Workday Recruiting, Workday Scheduling, Workday Talent Optimization, and Workday Time Tracking. Learn more about Workday HCM

Features

  • General Ledger
  • Strategic Planning Software
  • Chart of Accounts
  • Consolidation/Roll-Up
  • Multi-Department/Project
  • Multi-Company
  • Cash Management
  • Income & Balance Sheet
  • Profit/Loss Statement
QuickBooks is an end-to-end accounting software that can grow with your business.
QuickBooks Online Advanced (Save 50%) is a cloud-based, all-in-one, accounting and business hub solution, designed for growing, small to mid-sized businesses. Get performance reporting with highly customizable tracking tools, automated workflows, and real-time revenue and cash flow management dashboards. Seamlessly integrate best-in-class Premium Apps like Salesforce and HubSpot (CRM), Bill.com (accounts payable), DocuSign, LeanLaw & more to expand your capabilities as your business needs grow. Learn more about QuickBooks Online Advanced

Features

  • General Ledger
  • Strategic Planning Software
  • Chart of Accounts
  • Consolidation/Roll-Up
  • Multi-Department/Project
  • Multi-Company
  • Cash Management
  • Income & Balance Sheet
  • Profit/Loss Statement
New realities call for new solutions. We are the #1 time and billing, and payments software for law firms. Try for FREE now.
At HALF THE COST of other solutions, TimeSolv provides the robust time and billing needs law firms demand, without the extra features you never use. Store payment information using TimeSolvPay and run hundreds of payments in seconds on YOUR timeline, achieving ZERO AR! For over 20 years, our web-based solution has helped lawyers increase their billable time and get paid faster, whether at home or in the office. Integrate with LawPay, QuickBooks, Office 365, and more. Try for FREE for 30 days! Learn more about TimeSolv Legal Billing

Features

  • General Ledger
  • Strategic Planning Software
  • Chart of Accounts
  • Consolidation/Roll-Up
  • Multi-Department/Project
  • Multi-Company
  • Cash Management
  • Income & Balance Sheet
  • Profit/Loss Statement
The #1 Cloud Budgeting & Planning Solution. Achieve real-time visibility, reduce reliance on spreadsheets, and scale with confidence.
Sage Intacct is an intuitive cloud budgeting solution and your real-time single source of financial truth. Create plans, budgets and forecasts based on real-time data and instantly see the impact of operational changes with powerful what-if scenario modeling and rolling forecasts. Let your growing mid-sized business go further, faster with the core financials you need to automate your most important processes, eliminating your reliance on spreadsheets, and giving you greater visibility. Learn more about Sage Intacct

Features

  • General Ledger
  • Strategic Planning Software
  • Chart of Accounts
  • Consolidation/Roll-Up
  • Multi-Department/Project
  • Multi-Company
  • Cash Management
  • Income & Balance Sheet
  • Profit/Loss Statement
Project-based solution for PS firms that combines project accounting, resource management, project mgmt, time/expense and client mgt.
Deltek Vision is a project-based solution for professional services firms that combines project accounting, resource management, project management, time/expense management, and client management in one product. Deltek Vision is a web-based solution available for cloud or on-premises deployment. Learn more about Deltek Vision

Features

  • General Ledger
  • Strategic Planning Software
  • Chart of Accounts
  • Consolidation/Roll-Up
  • Multi-Department/Project
  • Multi-Company
  • Cash Management
  • Income & Balance Sheet
  • Profit/Loss Statement
Rental property and personal finances management solution with tenant information tracking, income management, and expense tracking.
Quicken is a property management solution that helps manage tax planning, tenants rent payments, and rental properties. With Quicken, you can get help quickly if you need it with free phone and chat support from our dedicated team. Sync with the Quicken web & mobile apps to manage your money on the go. Learn more about Quicken

Features

  • General Ledger
  • Strategic Planning Software
  • Chart of Accounts
  • Consolidation/Roll-Up
  • Multi-Department/Project
  • Multi-Company
  • Cash Management
  • Income & Balance Sheet
  • Profit/Loss Statement
Complete, out-of-the-box-desktop accounting software, with secure cloud and mobile access, for small & medium sized businesses.
Sage 50cloud Accounting (formerly Peachtree Software) is a comprehensive accounting solution for small business. Designed for security, compliance and cloud-connected productivity. Popular features include detailed profitability tracking, cash flow forecasting, customized reporting via Microsoft Excel, advanced inventory tracking and automated bank reconciliation. Learn more about Sage 50cloud Accounting

Features

  • General Ledger
  • Strategic Planning Software
  • Chart of Accounts
  • Consolidation/Roll-Up
  • Multi-Department/Project
  • Multi-Company
  • Cash Management
  • Income & Balance Sheet
  • Profit/Loss Statement
Sage Business Cloud Accounting is a simple yet powerful online accounting solution designed for small business owners.
Sage Business Cloud Accounting (formerly Sage One) is an online accounting software that gives you anytime, anywhere access to the most important small business essentials. It has features that help you manage your cashflow and send and track invoices all through the cloud or on the mobile app. See why successful business owners choose Sage | Accounting. Visit our website for a complete list of features. Compatible with Mac/PC, Apple/Android. For a limited time only, try free for 3 months. Learn more about Sage Accounting

Features

  • General Ledger
  • Strategic Planning Software
  • Chart of Accounts
  • Consolidation/Roll-Up
  • Multi-Department/Project
  • Multi-Company
  • Cash Management
  • Income & Balance Sheet
  • Profit/Loss Statement
Discover SAP S/4HANA Cloud, a complete ERP system with embedded AI and machine learning.
SAP S/4HANA Cloud is a complete enterprise resource planning (ERP) system with built-in intelligent technologies, including AI, machine learning, and advanced analytics. It helps companies adopt new business models, manage business change at speed, orchestrate internal and external resources, and use the predictive power of AI. Benefit from tight, native integration between processes, industry depth, and a consistent in-memory data model. Learn more about SAP S/4HANA Cloud

Features

  • General Ledger
  • Strategic Planning Software
  • Chart of Accounts
  • Consolidation/Roll-Up
  • Multi-Department/Project
  • Multi-Company
  • Cash Management
  • Income & Balance Sheet
  • Profit/Loss Statement
Sage 100 is an ERP platform for growing and medium-sized sales and manufacturing companies.
Sage 100 is the right ERP solution for your industry. Sage 100 is an ERP platform for growing and medium-sized sales and manufacturing companies. It is the ERP solution for medium-sized companies that want to design their business processes individually. Sage 100 offers you integrated applications for every company area, which you can easily put together individually. Learn more about Sage 100

Features

  • General Ledger
  • Strategic Planning Software
  • Chart of Accounts
  • Consolidation/Roll-Up
  • Multi-Department/Project
  • Multi-Company
  • Cash Management
  • Income & Balance Sheet
  • Profit/Loss Statement
Ensure total cash flow transparency by setting up budget limits, monitoring expenses in real time, and analyzing spending trends.
Precoro helps you gain full control of all corporate expenses in real time and improve cash flow transparency. Seamlessly plan, allocate, and track budgets for projects, departments, locations, and more. Set up spending limits and receive immediate notifications when a purchase exceeds the budget. Monitor available, reserved, and used funds easily and at a glance, so there are no surprises. Meanwhile, it comes with budget analytics and financial reports to improve forecasting. Learn more about Precoro

Features

  • General Ledger
  • Strategic Planning Software
  • Chart of Accounts
  • Consolidation/Roll-Up
  • Multi-Department/Project
  • Multi-Company
  • Cash Management
  • Income & Balance Sheet
  • Profit/Loss Statement
Business budgeting software that provides a company with the financial and operational information it needs to make better decisions.
Workday Adaptive Planning is an enterprise planning software that helps finance create budgets and forecasts with more speed, flexibility, collaboration, and accuracy. With unlimited scenario analysis backed by machine learning, you can quickly answer complex questions and gain real-time insights. Learn more about Workday Adaptive Planning

Features

  • General Ledger
  • Strategic Planning Software
  • Chart of Accounts
  • Consolidation/Roll-Up
  • Multi-Department/Project
  • Multi-Company
  • Cash Management
  • Income & Balance Sheet
  • Profit/Loss Statement
Yooz's integrated budget function provides financial decision-makers with a solution to automate and secure their financial processes
Yooz's budget function is a seamlessly integrated value-added product offering within the Yooz Rising solution, providing financial decision-makers with a complete solution to automate and secure their financial processes. With immediate access to real-time budget status, management can enhance processes and promptly make well-informed decisions. Learn more about Yooz

Features

  • General Ledger
  • Strategic Planning Software
  • Chart of Accounts
  • Consolidation/Roll-Up
  • Multi-Department/Project
  • Multi-Company
  • Cash Management
  • Income & Balance Sheet
  • Profit/Loss Statement
Reporting software | Forecast | Consolidate | Dashboards | Visualize | Data Analytics | Business Valuation | Excel | AI Insights
Syft Analytics is the award-winning interactive & collaborative financial reporting tool. From simple reports through to integrated forecasts, businesses and accountants use Syft to create, collaborate on, and explore beautiful financial reports. With Syft’s AI-powered insights across every graph and report, you can go from data to decisions in no time. 9 out of 10 users say Syft is easier to use than other reporting solutions. Join 100,000+ businesses that choose Syft with a 14-day free trial. Learn more about Syft Analytics

Features

  • General Ledger
  • Strategic Planning Software
  • Chart of Accounts
  • Consolidation/Roll-Up
  • Multi-Department/Project
  • Multi-Company
  • Cash Management
  • Income & Balance Sheet
  • Profit/Loss Statement
Be a more confident business owner and strategically manage your business from day one and onward with LivePlan.
The #1 rated business planning and management software created to support the success of small businesses and entrepreneurs. Just starting your business? Easily create a polished, professional business plan in a format lenders and investors expect to see. LivePlan's expert guidance, 500+ example plans, and support make writing your business plan easy. Looking to grow your business? Forecast and run multiple scenarios in LivePlan using your real accounting data to make confident decisions. Learn more about LivePlan

Features

  • General Ledger
  • Strategic Planning Software
  • Chart of Accounts
  • Consolidation/Roll-Up
  • Multi-Department/Project
  • Multi-Company
  • Cash Management
  • Income & Balance Sheet
  • Profit/Loss Statement

Budgeting Software Buyers Guide

What is budgeting software?

Budgeting software is a tool that businesses use to allocate, track, and manage annual budgets. Its purpose is to make the budgeting process accurate and agile, as well as reduce the turnaround time. 

The tool makes it easy to analyze financial data and forecast expenses. It eliminates manual errors associated with spreadsheet-based budgeting such as miscalculations and incorrect data entry. It offers features such as cash management, forecasting, and “what-if” scenarios.

The benefits of budgeting software

Businesses can use this software to track and manage their finances based on their overall expenditure. Here are some of the benefits of budgeting software:

  • Plan for future changes: The software uses “what-if” scenarios to plan for future changes. The scenarios may include budget shortfalls, revenue fluctuations, price changes, and numerous potentially positive and negative scenarios. Analyzing these scenarios helps business understand the financial impact of each event.
  • Enhance transparency: Budgeting software ensures complete transparency into financial transactions and data. This is done using features such as real-time reports, audit trails, and visually descriptive graphs and charts. Some solutions offer a unified view of multiple projects and the related expenses, documents, images, and videos. 
  • Adapt quickly by being agile: The software helps businesses stay agile despite economic fluctuations or market unsurety. Organizations can accommodate these changes and keep their budget plans updated using features such as rolling forecasts, which reforecasts the budget every month or quarter. These constant updates ensure that the forecasts are accurate and relevant. 
  • Improve collaboration: Often, different people handle different parts of the budget. In such cases, budgeting software allows employees to collaborate on the exercise. It simplifies the budget approval process and improves communication across teams.

Typical features of budgeting software

  • Cash management: Collect and track your company’s cash flow.
  • What-if scenarios: Simulate potential financial outcomes and make requisite provisions for the future. 
  • Forecasting: Use historical and current data to make predictions. Get a realistic idea of where the business is heading. 
  • Multi-department/project collaboration: Manage your company’s financial needs and improve collaboration between multiple departments and projects on a single tool.
  • Profit and loss statements: Record your revenues, costs, and expenses over a certain period to gain a clear view of your company’s financial position.

Considerations when buying budgeting software

  • Review the user licenses: Most vendors clearly mention their product’s monthly or annual costs based on the number of users. Some on-premise solutions are sold at a one-time fee for a user license, while cloud solutions charge a per user monthly fee. However, both options could have extra costs such as for integration, data storage, and backup. Therefore, review the services, total costs, and frequency of payments.
  • Check for ease of use: A user-friendly interface is vital to simplifying your operations. The software should have an interactive and intuitive dashboard. An easy-to-use dashboard saves time and effort required to plan the budget. This is possible with features such as simple but effective charts and graphs that highlight various stats.
  • Make forecasting a core feature: The forecasting feature helps in estimating expenses, sales, and other variables that impact the cash flow. It can reduce operational expenses and capital expenditure as well as help companies foresee issues based on data. This capability is rooted in complex algorithms that allow planning for long-term success. 
  • Assess the integration capabilities: The right budgeting software can help businesses import data from their systems such as HR, accounting, ERP, or the general ledger. Consolidating all this data in a single database allows the budgeting software to collect the latest, updated information. This improves budgeting accuracy and allows for greater collaboration among different teams or stakeholders.
  • AI may plan your budget now: Many businesses believe that artificial intelligence (AI) has great potential in preparing annual budgets. AI can provide real-time insights, make accurate forecasts, and suggest informed financial decisions. It can also spot anomalies and risks with its adaptive learning capability. AI algorithms self learn and can make your budget planning more efficient over time. 
  • Predictive analytics for accurate expense forecasts: Accurately forecasting your expenses can be tricky if you use spreadsheets. Predictive analytics can play a key role in estimating expenses for the coming year. The feature uses historical data to compare cash flows and expense ratios more accurately. Also, it identifies the key drivers for late-payments and predicts the probability of such instances.