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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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Simplify & Streamline Business Budgeting On A Revolutionary No-Code Platform Built For Speed, Accuracy, & Ease-of-Use Learn more about Budgyt
Budgyt is a new and improved way to budget, built to deliver the speed, precision, and flexibility today’s finance teams need. Take control when budgeting & forecasting for multiple departments and projects, and save up to 80% in time and labor costs by trading error-prone, manual spreadsheets for a simplified & streamlined budgeting experience. Get onboarded in as little as 5 days and empower team collaboration on a platform so user-friendly, even nonfinance members will find budgeting easy. Learn more about Budgyt

Features

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

  • Income & Balance Sheet
  • Cash Management
  • Consolidation/Roll-Up
  • General Ledger
  • Multi-Company
  • Multi-Department/Project
  • Profit/Loss Statement
  • Chart of Accounts
  • Strategic Planning Software
Canada Local product
Reduce budgeting, forecasting & reporting times by 50% with Vena's Excel-based Complete Planning platform. Learn more about Vena
Vena is an Excel-based Complete Planning platform that helps finance teams reduce budgeting, forecasting and reporting times by 50%. Vena connects and consolidates your source system data (ERP/GL, CRM, HRIS and more) so you can spend less time collecting data and more time analyzing it. Model scenarios in minutes, leverage pre-built planning templates and increase transparency with workflows, audit trails and version control. Get your free Vena demo today and learn why leading organizations such as the Kansas City Chiefs and Coca-Cola Consolidated trust Vena to power their planning. Learn more about Vena

Features

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

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

  • Income & Balance Sheet
  • Cash Management
  • Consolidation/Roll-Up
  • General Ledger
  • Multi-Company
  • Multi-Department/Project
  • Profit/Loss Statement
  • Chart of Accounts
  • Strategic Planning Software
OneStream unifies corporate performance management processes such as planning, financial close & consolidation, reporting and analytics Learn more about OneStream
OneStream provides a cloud-based intelligent finance platform that reduces the complexity of financial operations. OneStream unifies corporate performance management processes such as planning, financial close & consolidation, reporting and analytics through a single, extensible solution designed to empower the enterprise with insights to support faster and more informed decision-making. Learn more about OneStream

Features

  • Income & Balance Sheet
  • Cash Management
  • Consolidation/Roll-Up
  • General Ledger
  • Multi-Company
  • Multi-Department/Project
  • Profit/Loss Statement
  • Chart of Accounts
  • Strategic Planning Software
DataRails is the FP&A solution for Excel users. Learn more about Datarails
With DataRails, SMEs (50-2000 employees) benefit from organized, accessible, and accurate data for budgeting and forecasting. Budget reliably with error-free figures and have confidence in your numbers thanks to automated databasing of figures from across your organizational systems. Estimate finances for future periods accurately and plan operations accordingly. Keep track of capital and operational expenses, track capital expenditures and automate depreciation and amortization calculations. Learn more about Datarails

Features

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

  • Income & Balance Sheet
  • Cash Management
  • Consolidation/Roll-Up
  • General Ledger
  • Multi-Company
  • Multi-Department/Project
  • Profit/Loss Statement
  • Chart of Accounts
  • Strategic Planning Software
QuickBooks Online is a small business accounting software and app that allows you to manage your business anywhere, anytime.
QuickBooks Online is a small business 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

  • Income & Balance Sheet
  • Cash Management
  • Consolidation/Roll-Up
  • General Ledger
  • Multi-Company
  • Multi-Department/Project
  • Profit/Loss Statement
  • Chart of Accounts
  • Strategic Planning Software
Xero is a beautiful online accounting software solution for small businesses, sole traders, and accountants in any industry.
Xero is an award-winning online accounting software designed for small business owners and accountants, available on any computer or mobile device with an internet connection. Get your business finances and cash flow updated in real time, import transactions from bank accounts, and integrate with 3rd-party business applications. Xero accounting software allows unlimited user logins and provides access to data through a single ledger, making it easier to collaborate. Learn more about Xero

Features

  • Income & Balance Sheet
  • Cash Management
  • Consolidation/Roll-Up
  • General Ledger
  • Multi-Company
  • Multi-Department/Project
  • Profit/Loss Statement
  • Chart of Accounts
  • Strategic Planning Software
Procore construction management software handles construction projects, resources, people, and financials from planning to closeout.
Procore construction software manages your 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 your team easy access to everything they need to know to get the job done. Learn more about Procore

Features

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

  • Income & Balance Sheet
  • Cash Management
  • Consolidation/Roll-Up
  • General Ledger
  • Multi-Company
  • Multi-Department/Project
  • Profit/Loss Statement
  • Chart of Accounts
  • Strategic Planning Software
Cloud-based human resources solution that helps businesses streamline workforce planning, talent management, and payroll processes.
Workday HCM is a single, cloud-based solution for workforce planning, talent management, and payroll processes helping customers adapt and thrive in a changing world. Workday applications are built with artificial intelligence and machine learning at the core to help organizations around the world embrace the future of work. Workday is used by more than 10,000 organizations around the world and across industries—from medium-sized businesses to more than 50% of the Fortune 500. Learn more about Workday HCM

Features

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

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

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

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

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

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

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

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

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

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

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

  • Income & Balance Sheet
  • Cash Management
  • Consolidation/Roll-Up
  • General Ledger
  • Multi-Company
  • Multi-Department/Project
  • Profit/Loss Statement
  • Chart of Accounts
  • Strategic Planning Software
Reporting software | Forecast | Consolidate | Dashboards | Visualizations | Data Analytics | Business Valuation | Export to Excel
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. 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

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

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.