Budget Maestro Reviews

Budget Maestro

Budgeting and forecasting software

3.95/5 (38 reviews)

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.

Used weekly for 2+ years
Reviewed 2018-01-29
Review Source: Software Advice

In addition to providing robust budgeting, forecasting and integration with their analytics tool, Analytics Maestro, Budget Maestro is a true extension of a company's general ledger into future periods. This is accomplished through the unique software architecture, where every budget item, such as revenue, expense or personnel record creates an entry into a "behind the scenes" budget GL in the right GL accounts, in the correct amounts and the proper accounting period. What this means is, the financial statements you get in this application are always synchronized to the underlying budget. The balance sheet and statement of cash flows will accurately represent the forecasted financial position of the company to the extent of the accuracy of the budget itself. The financial statements and all other reports can be easily generated by users without relying on IT. 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. Another feature I like to use is creating multiple versions of the budgets or "what-if" scenarios, each automatically generating a unique set of financial statements and reports, exactly matching that particular version of the budget. You can see how your financial position changes in future periods as you change the budget version. This helps in finalizing a budget that is reasonable and also closely aligned to company goals and plans.

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Budget Maestro

Budgeting and forecasting software

David Davis

Powerful, flexible, and reliable budgeting software

Reviewed 2015-07-28
Review Source: Software Advice

Their support team is always available to help you through any questions or difficulties you encounter. The training provided is top notch and thorough and your trainer sets up your financial report formats for you to match your current statements. My trainer is still my primary contact person for help and all I have to do is send him an email. The software itself has enough built-in power and flexibility it can handle all kinds of retail, distribution, or manufacturing scenarios, like for my company it is the need to build up inventory before a selling season and to do this for many different products and different selling seasons. Budget Maestro is capable of generating fairly accurate balance sheets and cash flow statements, in addition to income statements, as it has sections within it devoted to the balance sheet side of forecasting. 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.

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Budget Maestro

Budgeting and forecasting software

Kathlee Paulson

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

Used daily for 1-2 years
Reviewed 2018-05-21
Review Source: Capterra

I do like the preview of the expense and how it will look like on the P&L. It really helps me make sure that my spread method is correct. I like analytics maestro. I can use excel to build reports. Also, it is easy to use the data to create charts and graphs and make the financial data consumable to those budget owners, who may not have a fiance background. I also like the ability to refresh and update the data quickly.

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Budget Maestro

Budgeting and forecasting software

Mary Beth Dopfer

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

Used other for 1-2 years
Reviewed 2018-05-24
Review Source: Capterra

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.Ease of use and affordability. The ability to design your budget without having to pay someone to configure the software is priceless. We were also able to implement and complete our budget in less than 2 months. This software allows us to budget continuously using the same data while just updating it for any changes. We budget annually, and re-forecast quarterly. This tool allows us to spend more time analyzing the impacts of the various variables and much less time actually creating the budgets to review. Once it is set up to forecasts into the future and all you have to do is edit for any changes. You can also perform endless 'what if' scenarios to see how potential changes would impact your forecasts.

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Budget Maestro

Budgeting and forecasting software

Michael Alfieri

Good for small companies and simple budgeting

Used daily for 2+ years
Reviewed 2018-07-06
Review Source: Software Advice

Simple to use, not very complicated. Has all the features needed for small companies and their budget needs.

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Budget Maestro

Budgeting and forecasting software

Brent Diehl

Overall solid business performance management software

Reviewed 2009-07-01
Review Source: Capterra

Solid business performance management software package.1. Very powerful forecasting tool that can handle both simple and complex aspects of forecasting. Handles multiple departments, entities, and the consolidation of them with ease. 2. Very easy to import actual data in order to perform variance analysis. 3. Easy to import almost all information necessary to set up a "plan" the first time. 4. What-if analysis allows you to look at the financial impact of making changes in your business without having to change your primary "plan" 5. All reports can be exported to Excel 6. Report layouts can be customized. 7. Very easy to create a 5 year forecast that allows increase/decrease assumptions to be customized in numerous ways, and using as many timeframes as desired. 8. Handles lines of credit and term loans, both fixed and variable rate, very easily.

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Budget Maestro

Budgeting and forecasting software

Tom Jankowski

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

Used weekly for 2+ years
Reviewed 2018-05-21
Review Source: Capterra

The elimination of Excel spreadsheets. A better structure to the data collection and processing.A windows based product that is easy to learn and use. Can quickly create multiple Versions within a Plan and What-if scenarios. 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.

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Budget Maestro

Budgeting and forecasting software

Eric Korpalski

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

Used daily for 1-2 years
Reviewed 2017-12-14
Review Source: Software Advice

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

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Budget Maestro

Budgeting and forecasting software

Cynthia Tronrud

Know what you are getting into

Reviewed 2015-04-21
Review Source: Software Advice

We were Maestro's experiment to have virtual training. We were connected through phone and an equivalent of Go-To-Meeting. The instructor was friendly, patient and very knowledgeable about the product. It wasn't until the 4th day in training until we got a glimpse of the capabilities Budget Maestro could do for us. After a few frustrating months of trying to get Budget Maestro going for us they did reach out to us throughout the process and solve our predicament to the best of their abilities. Very good customer service!

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Budget Maestro

Budgeting and forecasting software

Frances Farella

Satified Budget Maestro user

Reviewed 2014-12-11
Review Source: Software Advice

It is a good alternative to using excel spreadsheets. It's much easier to get reporting done when you have a number of departments and want to report as a total or individual departments. Uploading the information from our accounting software is easy to do. The vendor is helpful whenever we have problems. They can resolve most of our issues pretty quickly. We mostly use it for comparing P&Ls actual to budget and departmental reporting. In the past, we used Excel, like many companies, and found it was very easy to have errors. This is much more accurate. It allows us to break personnel, expenses, and revenue down several levels and also to roll it up.

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Budget Maestro

Budgeting and forecasting software

Naheel Suleman

Maestro Review

Used daily for less than 6 months
Reviewed 2016-11-16
Review Source: Software Advice

The product provided a very friendly user interface that was easy to navigate - even for people who did not receive formal training. The reports were clean and easy to follow. 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. Although we did not properly utilize the full potential of the product such as budgeting and PO preparation, to know that it exists was something that we will strive to use in the future.User friendly interface and reports Good drill down to get to source documents

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Budget Maestro

Budgeting and forecasting software

Ana Gloria Freire

Maybe a good long term solution

Used other for 2+ years
Reviewed 2018-04-10
Review Source: Software Advice

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

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Budget Maestro

Budgeting and forecasting software

Paul Bell

Reviewed 2013-06-26
Review Source: Software Advice

I was really impressed with the Budget Maestro demonstrations; their keen interest in understanding how our business model was structured and working through the benefits and challenges of acquiring the solution, before we even talked price. I was very attracted to the fundamental methodology and flexibility of the system to handle my requirements for budge - actual and forecast reporting. Also impressive is their what-if scenarios, the robust capabilities of their driver functionality, and Analytics Maestro (their Excel plug-in for user friendly desktop reporting). Initially our moderately complex business model created some database latency issues, but Centage took it on board and worked through it. They ended up making significant changes on the server side, and performance is now far better. They are one star short of five because at some point they abandoned their segmented GL functionality. This has resulted in using a single entity field to handle location, function, and department. Our resulting entity schema is extremely confusing to end users, increases administrative overhead, and complicates the slice and dice capability that would come by handling separate GL segments.

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Budget Maestro

Budgeting and forecasting software

Randy Olson

Budget Maestro Review from Dakota Electric Association

Reviewed 2010-04-13
Review Source: Capterra

I would recommend budget maestro to other organizations as a useful budgeting tool. 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.Budget Maestro is a user friendly budgeting tool with some helpful budgeting features including benchmarking, spreading mechanisms, and ease of use. Support from Centage has been good in terms of timeliness of responses and problem solving over the past 5 years. Overall it has been widely accepted within our organization and has helped improve the efficiency and accuracy of our budget process at DEA.

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Budget Maestro

Budgeting and forecasting software

Anonymous

Excellent product that my company uses weekly.

Used daily for 6-12 months
Reviewed 2018-02-07
Review Source: Capterra

I found this product very easy to learn. That said, I am a CPA. Excellent tools for budgeting and forecasting. Very user friendly

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Budget Maestro

Budgeting and forecasting software

Catherine Palmer

A Value Add from Day One

Reviewed 2014-01-16
Review Source: Software Advice

Takes all the Excel spreadsheet nonsense out of budgeting. Great reporting package. 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. Budget Maestro delivered value from the moment it was up and running and our team was instantly more efficient. Now, we can spend time on more strategic and meaningful initiatives to support company growth and innovative product development

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Budget Maestro

Budgeting and forecasting software

Mukul Kalra

Forecasting and Financial Report Generation made easy

Used weekly for less than 6 months
Reviewed 2016-11-10
Review Source: Software Advice

The solution provides the users with the ability to consolidate data for more accurate forecasting, and generate detailed dashboards and analytics. By pre-defining the A/R and A/P schedules, Budget Maestro will automatically calculate transactions for each, giving accurate balance sheet statements and cash flow reports. The forecasts with Budget Maestro can be easily modified based on real-time changes in conditions. The ability to make quick adjustments as conditions change keeps the forecasts accurate throughout the entire fiscal year. It can help 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.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

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Budget Maestro

Budgeting and forecasting software

Micah Karlicek

Budget Maestro Review

Reviewed 2009-07-07
Review Source: Capterra

4.5 out of 5 stars. Cant wait to try Planning Maestro!!!!Budget Maestro is extremely useful in budgeting in forecasting because it allows the user to provide inputs on so many different levels, and this information rolls out through the budget to the correct line items. Adding costs or revenues is easy, and being able to drill down into details to find answers has been priceless. Importing values for the budget also saves a TON of time! This program is AWESOME!

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Budget Maestro

Budgeting and forecasting software

Ravi Karan Kakkar

Budget Maestro: Extensive Financial Support Tool

Used weekly for less than 6 months
Reviewed 2016-11-10
Review Source: Software Advice

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. It offers direct integration with the accounting systems’ actual GL. It is formula, function and link free which eliminates the risk associated with using Excel or other formula-based solutions. It has powerful what-if capabilities offering a real-time forecast of the financial health of the business. Using an add-on called Link Maestro, we can automate the exchange of financial information between their ERP systems and Budget Maestro. 1. Lesser data redundancy than excel. 2. Lesser chances of an error in data entry. 3. No requirement for validation of excel sheets. 4. Easier to audit.

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Budget Maestro

Budgeting and forecasting software

Rudrajyoti Choudhury

A scalable and secure budgeting and planning software

Used weekly for less than 6 months
Reviewed 2016-11-09
Review Source: Software Advice

Budget Maestro provides automated software solution which has the functionality of sophisticated financial tools which helps in making better business decisions. The built-in finance logic uses profit and loss activities to automatically build balance sheets and thus, cash flow statements from it. It allows the user to organize data in a centralized application across each department with only the specified people being able to view it. This maintains the exactness of information and security of the data as well.Available on-premise and cloud based, can be used on demand from any location. Intuitive user interface. A synchronized system in terms of logic and automatic calculations from data that is input in the system. Free trail available

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Budget Maestro

Budgeting and forecasting software

Akash Yadav

Out of the box financial solution software

Used monthly for less than 6 months
Reviewed 2016-11-10
Review Source: Software Advice

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 offers full functionality straight out-of-the-box, with no IT involvement. As a hosted application, it’s also maintenance free. Budget Maestro includes out-of-the-box income statement, balance sheet and cash flow reporting. The software comes with 40 pre-built, customizable GAAP/IFRS-compliant reports. Budget Maestro’s multiple, unlimited what-if scenarios enable business managers to confidently make good decisions. Driver Based Modeling Good integration with many ERP and account systems. Accessible anywhere through an internet connection with any browser-based device. Collects and consolidates all profit/loss data.

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Budget Maestro

Budgeting and forecasting software

Sundeep Malhi

Good moderately prices software

Used monthly for 1-2 years
Reviewed 2018-01-09
Review Source: Capterra

Lesser data redundancy than excel.User friendly interface and reports and a good drill down to get to source documents. The forecasts with Budget Maestro can be easily modified based on real-time changes in conditions.

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Budget Maestro

Budgeting and forecasting software

Ursula Stritzel

Pros & Cons of Budget Maestro

Reviewed 2012-06-29
Review Source: Capterra

For the price, pretty good product although not perfect. It takes a long time to learn & the manual does not always help. Thank goodness the support team has been great...would have given up long ago if it weren't for their help. Makes budgeting easier. Less errors than using Excel as changes populate automatically. When dealing with numerous cost centers, consolidation is a breeze!

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Budget Maestro

Budgeting and forecasting software

Anonymous

Budget Maesteo really keeps my finances in order

Used weekly for 6-12 months
Reviewed 2018-07-25
Review Source: Capterra

I love the way this product is so easy to use and track all of my spending. I don't know what I would do without it!

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Budget Maestro

Budgeting and forecasting software

Ayushi Mundra

Has transformed financial intelligence

Used daily for less than 6 months
Reviewed 2017-08-08
Review Source: Capterra

Extremely easy to use and offers lot of features. It generates flexible spreadsheets, is compatible with any general ledger and has powerful what-if capabilities.

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Budget Maestro

Budgeting and forecasting software