Budget Maestro Features List

Budget Maestro Reviews

Budget Maestro

Budgeting and forecasting software

3.94/5 (36 reviews)
1,564

Budget Maestro Features In Depth

Driver-Based Modeling

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.

Expense Budgeting

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.

Cash Flow Planning

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.

Financial Forecasting

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.

Finance & Accounting Feature Comparison

Most popular features of all Finance & Accounting apps

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Customizable Reporting (78 other apps)
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Electronic Payments (91 other apps)
Expense Tracking (102 other apps)
Invoice Management (153 other apps)
Invoice Processing (93 other apps)
Multi-Currency (88 other apps)
Real Time Data (83 other apps)
Receiving (87 other apps)
Recurring Billing (74 other apps)
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Third Party Integration (89 other apps)

Budget Maestro Feature Reviews

25 reviewers had the following to say about Budget Maestro's features:

Ravi Karan Kakkar

Budget Maestro: Extensive Financial Support Tool

2016-11-10

It has powerful what-if capabilities offering a real-time forecast of the financial health of the business.

Pros

1. Lesser data redundancy than excel. 2.

Cons

Initial setup time longer than expected.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: Less than 6 months

Frequency of use: Weekly

Likelihood to recommend

9/10

Recommendations to others considering Budget Maestro

Scaled the recommendation to 9 for this software. It is an effective tool to have in any business.

Source: Software Advice
Helpful?   Yes   No
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Brent Diehl

Overall solid business performance management software

2009-07-01

Solid business performance management software package.

Pros

All reports can be exported to Excel 6.

Cons

If using Desktop version, additional modules need to be purchased to handle pre-paid insurance automatically and forecast inventory.

Rating breakdown

Ease of use
Customer support
Source: Capterra
Helpful?   Yes   No
Read more
Naheel Suleman

Maestro Review

2016-11-16

Our accounting department who used the program daily to process hundreds of invoices did not have any negative feedback or comments about the use of the software.

Pros

User friendly interface and reports Good drill down to get to source documents

Cons

Would prefer a web interface option

Rating breakdown

Ease of use
Features

Time used: Less than 6 months

Frequency of use: Daily

Likelihood to recommend

7/10

Recommendations to others considering Budget Maestro

not sure as we have not researched lately other options

Source: Software Advice
Helpful?   Yes   No
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Akash Yadav

Out of the box financial solution software

2016-11-10

The software comes with 40 pre-built, customizable GAAP/IFRS-compliant reports.

Pros

Driver Based Modeling Good integration with many ERP and account systems.

Cons

Requires time to configure and get used to it and then can perform tasks at a high speed.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: Less than 6 months

Frequency of use: Monthly

Likelihood to recommend

9/10

Recommendations to others considering Budget Maestro

An intuitive out-of-the-box solution, Budget Maestro is suitable for use in a range of industries, including manufacturing, retail, healthcare, wholesale/distribution, business services and nonprofits.

Source: Software Advice
Helpful?   Yes   No
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Mukul Kalra

Forecasting and Financial Report Generation made easy

2016-11-10

The forecasts with Budget Maestro can be easily modified based on real-time changes in conditions.

Pros

Runs on cloud as well as on-premise. Free trial is available which should be used before purchasing the full software in order to test applicability. Good GUI

Cons

Initial versions of updates have a few bugs which are fixed in later versions.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: Less than 6 months

Frequency of use: Weekly

Likelihood to recommend

8/10

Recommendations to others considering Budget Maestro

Advisable for small to mid size businesses.

Source: Software Advice
Helpful?   Yes   No
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Ana Gloria Freire

Maybe a good long term solution

2018-04-10

After the system is all set up, including the financial presentation, which you have to drag account by account manually to make sure it shows up where you want, system starts to become useful.

Pros

Eliminates the use of excel spreadsheets and circulation formula errors when dealing with multiple companies or consolidation.

Cons

Very limited when you have to export to Excel because all data is exported as text format.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Other

Likelihood to recommend

2/10
Source: Software Advice
Helpful?   Yes   No
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Alan Hart

A small and medium size company budgeting and forecasting solution that can be maintained in house with little or no reliance on consulting or outside services.

2018-01-29

Pros

The software can be directly integrated to popular ERP or accounting software GLs and the Analytics module which is integrated to Budget Maestro can also be integrated to other data sources such as CRM, inventory management, warehouse management, sales reporting data and others.

Cons

The workflow process in this application lacks in capabilities expected from larger solutions.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Weekly

Likelihood to recommend

10/10
Source: Software Advice
Helpful?   Yes   No
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Tom Hasler

2009-07-01

I find the product to be a real good investment for not just annual budgeting, but also for tracking against actuals and forecasts.

Pros

Also, the Link Maestro product is a great add-on for importing from MAS90.

Cons

My only complaint is the amount of formatting I have to do when exporting a report to a spreadsheet.

Rating breakdown

Ease of use
Customer support
Source: Capterra
Helpful?   Yes   No
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Tom Jankowski

Overall a good, easy to use product. Eliminates the need to budget in Excel.

2018-05-21

A better structure to the data collection and processing.

Pros

Can quickly import actual data from our ERP system and take the actual, budget, and forecasted data into Excel for custom financial reporting and analysis.

Cons

The structure that is in place for customer support. We have been using BM for about 4 years. When we need support it's an urgent need, we need an answer promptly. The current structure of sending an email to get on the support staff's calendar for a call is too slow. Prefer to call, get in the cue, and get an answer immediately.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Weekly

Likelihood to recommend

8/10
Source: Capterra
Helpful?   Yes   No
Read more
David Davis

Powerful, flexible, and reliable budgeting software

2015-07-28

Pros

Combining Link Maestro and Analytics Maestro to Budget Maestro provides the only solution one needs to not only generate a budget or forecast but to then generate all the financial reports, statements, breakdown analysis needed by management. With Budget Maestro I can drive my revenues, expenses, and inventory levels by units, not revenue dollars, which is a lot more accurate for forecasting when dealing with a wide variation of products, product costs and retail prices.

Cons

To attain the proper formatting that I am trained in and accustomed to providing to my management team I have to export the reports out to Excel and apply the spacing, headers, underlining, and so on inside Excel.

Rating breakdown

Ease of use
Features
Customer support

Time used: 2+ years

Likelihood to recommend

10/10

Recommendations to others considering Budget Maestro

Participate in any demos the software company provides of its software then get them to show you how their software would handle your situation, your unique or most difficult budgeting issue. Push for a reasonable money-back guarantee period that gives you time to truly try setting up and generating your budget within the software.

Source: Software Advice
Helpful?   Yes   No
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Liora Davidson

Great Tool

2010-03-22

Being able to import Actuals and measure against Budget is a breeze.

Pros

My trainer, quickly understood my objectives and helped setup my structure. Imported my chart of accounts exactly as I have them setup in my Dynamics GP in just a few minutes.

Cons

Interface looks old.

Rating breakdown

Ease of use
Customer support
Source: Capterra
Helpful?   Yes   No
Read more
Sundeep Malhi

Good moderately prices software

2018-01-09

Lesser data redundancy than excel.

Pros

The forecasts with Budget Maestro can be easily modified based on real-time changes in conditions.

Cons

Would prefer a web interface option

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 1-2 years

Frequency of use: Monthly

Likelihood to recommend

7/10
Source: Capterra
Helpful?   Yes   No
Read more
Kathlee Paulson

Budget Maestro is a solid tool, and I'm looking forward to enhanced features and functionality in 9.

2018-05-21

Pros

I do like the preview of the expense and how it will look like on the P&L.

Cons

Reporting. In analytics the idea of building is great, reminds me a salesforce.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 1-2 years

Frequency of use: Daily

Source: Capterra
Helpful?   Yes   No
Read more
Rudrajyoti Choudhury

A scalable and secure budgeting and planning software

2016-11-09

The built-in finance logic uses profit and loss activities to automatically build balance sheets and thus, cash flow statements from it.

Pros

A synchronized system in terms of logic and automatic calculations from data that is input in the system.

Cons

Little costly

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: Less than 6 months

Frequency of use: Weekly

Likelihood to recommend

8/10

Recommendations to others considering Budget Maestro

This software offers quite a bit of detailing in the results. I would advice using the software at a smaller scale in the organization and then implementing as a whole.

Source: Software Advice
Helpful?   Yes   No
Read more
Catherine Palmer

A Value Add from Day One

2014-01-16

Pros

We greatly appreciate the flexibility Budget Maestro offers our nimble team to make changes on the fly and seamlessly integrate with our ERP system to ensure financial data is accurate and up to date.

Cons

It does take time to maintain new accounts. However, the benefits exceed the extra time for maintenance.

Rating breakdown

Ease of use
Features
Customer support

Likelihood to recommend

10/10

Recommendations to others considering Budget Maestro

Budget Maestro was recommended to us by Syspro. It works well and enhances our ERP system and provides greater reporting capability.

Source: Software Advice
Helpful?   Yes   No
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Alexandra Serrano

Awesome tool to have on your side!

2018-04-19

Pros

We've been using this software for a couple of months and it has been great. At first it was tedious but it's been very useful since we can now totally depend on the software itself.

Cons

Like I said before, at first, the set-up process was very complicated because we needed to convert all the data that we had from excel instead of having the system, transfer the data automatically we had to do the set-up manually.

Rating breakdown

Ease of use
Features

Time used: Less than 6 months

Frequency of use: Weekly

Likelihood to recommend

9/10
Source: Software Advice
Helpful?   Yes   No
Read more
Eric Korpalski

Centage has been a key partner in our company's financial reporting capabilites.

2017-12-14

Centage has been a good partner for RSC as we continue to grow reducing manual work and possibility of errors through their platform we utilize for Scenario Reporting and our Annual Budget Process.

Pros

Centage provides strong customer service and the product has been terrific value for our organization.

Cons

Our group has not transitioned over to the new Cloud Based program with Centage as of yet, so we experience limitations on uploading a large amount of data for various dimensional reporting.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 1-2 years

Frequency of use: Daily

Likelihood to recommend

9/10
Source: Software Advice
Helpful?   Yes   No
Read more
Ursula Stritzel

Pros & Cons of Budget Maestro

2012-06-29

It takes a long time to learn & the manual does not always help.

Pros

Less errors than using Excel as changes populate automatically. When dealing with numerous cost centers, consolidation is a breeze!

Cons

Setting up accounts (initially & adding new) and assigning to MEATs is confusing.

Rating breakdown

Ease of use
Customer support
Source: Capterra
Helpful?   Yes   No
Read more
Randy Olson

Budget Maestro Review from Dakota Electric Association

2010-04-13

It would be important for any organization to analyze their data and structure requirements prior to selecting the budgeting tool which would best complement their data needs.

Pros

Overall it has been widely accepted within our organization and has helped improve the efficiency and accuracy of our budget process at DEA.

Cons

Calculating data at times can be slow due to multiple users in the system at the same time.

Rating breakdown

Ease of use
Customer support
Source: Capterra
Helpful?   Yes   No
Read more
Donell Schommer

I use this software to help my company with general budgeting maintenance such as uploading actuals.

2017-06-07

Pros

I like that any errors I get can be exported to excel making it easier to research the error.

Cons

When drilling down into account detail the balances per entity are not in order.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 6-12 months

Frequency of use: Monthly

Likelihood to recommend

7/10
Source: Capterra
Helpful?   Yes   No
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Gary Kurzenhauser

Budget Maestro

2009-07-01

I recommend this product to a professional who takes the budget process seriously.

Pros

Excellent budget tool and a fair price.

Cons

Report generation is a little too slow.

Rating breakdown

Ease of use
Customer support
Source: Capterra
Helpful?   Yes   No
Read more
Mary Beth Dopfer

Excellent experience. Software functions as promised - implementation team & support were great!

2018-05-24

Ease of budgeting at a very detailed level. Provided us with a better understanding of what drives our business from a financial perspective and what the impact might be if we were to change any of those variables.

Pros

The ability to design your budget without having to pay someone to configure the software is priceless.

Cons

I am sure there are some limitations but for our company this fits the bill perfectly.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 1-2 years

Frequency of use: Other

Likelihood to recommend

10/10
Source: Capterra
Helpful?   Yes   No
Read more
Frances Farella

Satified Budget Maestro user

2014-12-11

Pros

Uploading the information from our accounting software is easy to do.

Cons

We are still using an older version because there is one particular report that we like that has not been able to duplicated to our satisfaction on the newer version.

Rating breakdown

Ease of use
Features
Customer support

Likelihood to recommend

8/10

Recommendations to others considering Budget Maestro

Do a run through your current processes and make a list of all the ways you would use it. Then create an outline for each area you wish to review. The more specific your questions based on your needs, the better.

Source: Software Advice
Helpful?   Yes   No
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Anonymous
A verified reviewer

Excellent product that my company uses weekly.

2018-02-07

Pros

I found this product very easy to learn.

Cons

We had some problems importing and exporting to excel.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 6-12 months

Frequency of use: Daily

Source: Capterra
Helpful?   Yes   No
Read more
Catherine Palmer

Budget Maestro is a Value ADD!

2014-01-15

We greatly appreciate the flexibility Budget Maestro offers our nimble team to make changes on the fly and seamlessly integrate with our ERP system to ensure financial data is accurate and up to date.

Rating breakdown

Ease of use
Customer support
Source: Capterra
Helpful?   Yes   No
Read more