Financial intelligence tools are transforming the way organizations think about budgets. Budget Maestro is designed for financial productivity, confidence, and insights. The scalable platform, offered as a cloud-based or client-server solution, has built-in financial logic so it is automated and formula-free for more accurate data-entry, consolidation, and financial statements. It helps small and mid-size businesses with limited IT resources make smarter operational decisions based on key financial data.
Budget Maestro eliminates the reliance on complicated spreadsheets and formulas for tracking financial metrics and instead encourages its users to focus on the performance of their businesses Forecasting financials and accurately budgeting for the future is possible through built-in finance logic that tracks profit and loss activities. Key features include self-maintaining budget modeling, powerful what-if capabilities, data integrity, collaboration and workflows, consolidation, and reporting.
Budget Maestro is a budgeting and planning solution for organizations in the manufacturing, retail, healthcare, wholesale/distribution, business services and non-profit industries. Using built-in financial logic and driver-based planning, Budget Maestro provides users with the ability to collect and consolidate profit and loss data. It also allows users to create synchronized balance sheets and cash flow reporting, with automatic updates based on actual and profit/loss activities. Budget Maestro operates in a network environment for easy collaboration in budgeting and financial reporting.
Small and medium-size businesses that need to allocate expenses by type—including financial and operational modeling, expenses and revenue budgeting, and workforce planning—are using Budget Maestro. The solution provides these users with the ability to consolidate data for more accurate forecasting, and generate detailed dashboards and analytics. And because Budget Maestro is considered an out-of-the-box solution, it can be setup without IT support.
Budget Maestro comes with built-in business and financial logic capabilities, which empowers users to quickly setup their own operating, account, and management reporting structures. Budget Maestro is designed to dynamically update, providing users with confidence in knowing that their results are always accurate. It also incorporates key performance indicators into the planning process.
To use Budget Maestro’s driver-based modeling, you’ll need to start by creating a list of drivers, which are financial or non-financial variables. Once your list of drivers is created, you can use them anywhere within your business model to generate any type of unit, monetary, or ratio calculation. When you need to make a change to your model—for example when your number of employees changes—just adjust the driver and the new information will be updated automatically in your model.
With Budget Maestro, expenses can be allocated with financial and operational modeling, expense and revenue budgeting, or workforce planning. The expense budgeting feature automates the most time-consuming activities involved in business budgeting and forecasting. Users are able to create budgets without using spreadsheets, formulas, macros, or links.
When you use Budget Maestro for expense budgeting, you’re able to add and change the accounts you would like to track on a dime. You can also make changes to your organizational structure and track your forecasts by operating area. Using driver-based planning, you’ll also be able to link specific expenses to key business variables.
Because many small and mid-size businesses struggle to understand where their cash flow positions currently stand and how those positions may change in the future, Budget Maestro has introduced a number of cash flow planning features. Specifically, the software offers built-in rules for organizations with dual-entry methodology.
Pre-define you’re A/R and A/P schedules and Budget Maestro will automatically calculate transactions for each, ensuring accurate balance sheet statements and cash flow reports.
When they’re done right, financial forecasts are constantly evolving. Forecasts with Budget Maestro can be easily modified based on real-time changes in conditions. The ability to make quick adjustments as conditions change helps keep forecasts accurate throughout the entire fiscal year. With Budget Maestro you’re able to generate variance reports on budget, actual, and re-forecasted numbers. You’re also able to centralize financial data in a single database, rather than across multiple spreadsheets, and consolidate that same data automatically to reflect changes in key business drivers or market conditions.
Budget Maestro was designed to integrate with many ERP and account systems. Using an add-on called Link Maestro, organizations are able to automate the exchange of financial information between their ERP systems and Budget Maestro.
A free trial is available for new users with no credit card required. Subscription pricing plans are available.