Best Budget Tools to Steer the Course of Your Business

Featured image by Kelly Sikkema on Unsplash

Are you looking for some help with your business money management and budgeting? Then consider using one or more of the budget tools we suggest here.

When faced with a personal financial emergency, some individuals may turn to a payday loans bad credit direct lender. But businesses often need to receive funds quickly in an emergency. This is what makes proper budgeting and money management in businesses so vital. What’s more, an Excel spreadsheet isn’t always the best way to manage your company’s budget. Here, we’re taking a look at some of the best budget tools that can help you with your business’s finances.

QuickBooks

One of the most commonly known budget tools for smaller businesses is QuickBooks. You can automate all your business tasks through this tool, and it even gives you built-in reporting to provide better visibility on all of your finances.

You can track sales and taxes, organize receipts, plus manage income and expenses. Additionally, you can even store and separate your personal expenses with this tool.

However, if you’re not a finance professional this may not be the best solution for you, as QuickBooks can be difficult to set up and manage for those who aren’t so comfortable with numbers.

Cube

If you’re a fan of spreadsheets, and you’re quite ready to let go yet, then Cube may be the right budget tool for you.

With Cube you can import your current spreadsheet then automate tasks related to financial planning and analysis. Its functions will free you to focus more closely on strategic decisions that will improve your company’s performance.

With its multiple integration options for Google and Excel, customizable dashboards for easy viewing, and multi-scenario analyses, Cube could be a superb budgeting solution for your business.

Oracle PBCS

Oracle offers planning, budgeting, and forecasting all within one platform. It can help to connect multiple departments and provide better measurement and robust financial strategies, all backed by data. Generally, this budget tool is built for larger enterprise-level organizations.

Scoro

Scoro offers an end-to-end solution as an intelligent software solution made specifically for business budgeting. This offers you the opportunity to really drill into your data. It can create forecasts and budgets by way of a powerful suite of tools that are suitable for businesses of all sizes.

Float

Float can act as a key integration for those using accountancy software such as QuickBooks and Xero. The Float is a cash flow and forecasting software provides clear “what if” scenarios that can be helpful for close analysis. This can lead you to make better budgeting decisions for your business. With highly visual reporting, it can help to provide greater clarity to your budgets.

Prophix

Prophix’s software offers corporate performance management, providing smaller and more manageable tools for businesses of all sizes to use for looking at and planning their budgets. Some of the features this budget tool provides include budgeting, planning and forecasting, cash flow planning, financial reporting, and profitability modeling. It can also provide optimization recommendations based on the data you input.

Take Your Pick of the Budget Tools Available for Your Business

With so many options available on the market, including the budget tools listed above, you will need to conduct your own analyses using the demos on each tool’s website. So try not to base your choice only on price. Instead, focus on the key features you need that will help improve your business budgeting for the long term.