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Planning Maestro

Business budgeting, planning, forecasting & analytics

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Planning Maestro Reviews

Reviews summary

Pros

For the price, pretty good product although not perfect. It takes a long time to learn & the manual does not always help.

Ursula S.

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Our budget is now more secure and robust, and due to the product's user friendliness it was fairly easy and quick to set up.

Kelly K.

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Thank goodness the support team has been great...would have given up long ago if it weren't for their help.

Ursula S.

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Cons

No "out of the office" capability to use the software. No access of information unless it was taken from the computer that was set up for Maestro.

Sundeep M.

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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.

David D.

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Although simple to use, features are limited. They have a new web based version that should alleviate many of our limitations but we still have not had that rolled out.

Michael A.

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Overall rating

4.0

(40)

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75%
positive reviews
92%
would recommend this app

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40 reviews

recommended

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend10/10

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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.

Reviewed 3 years ago
Pros

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...

Cons

The workflow process in this application lacks in capabilities expected from larger solutions. This is probably not an issue in smaller organizations which to my understanding are the primary customer of this software.

Overall Rating
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend10/10

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Powerful, flexible, and reliable budgeting software

Reviewed 6 years ago
Pros

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...

Cons

Financial statements and reports utilizing proper accounting format rules can be very hard or impossible to attain by generating them within Budget Maestro. 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. However, now with their recent addition of Analytics Maestro, this issue is gone as Analytics Maestro is an Excel add-on so that you create and format all your needed standard and custom reports inside Excel and use Analytics Maestro to drop in the numbers and data you want in each report or statement.

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support

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

Reviewed 3 years ago
Pros

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.

Cons

Reporting. In analytics the idea of building is great, reminds me a salesforce. But it is sooooo slow on the virtual desktop. From what I understand this will continue to be the case in BM9. Also the reporting within the software is slow as well. It takes anywhere from 1-3 minutes to run any report. Also, the inability to create a version and it to show up in all plans. For example, if we want to create version of our 3+9 Forecast

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend10/10

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

Reviewed 3 years ago

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

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.

Cons

Wow! I can't really think of any cons to this software. I am sure there are some limitations but for our company this fits the bill perfectly.

Overall Rating
  • Ease of use
  • Customer support

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Overall solid business performance management software

Reviewed 12 years ago

Solid business performance management software package.

Pros

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...

Cons

1. Can't run a statement of cash flows based on "actual" data, only on "plan" data. 2. Not very easy to run a "plan" balance sheet for a future year as a stand-alone report, must either start the report on a month just after you have "actual" data or create an "actual/plan" version that houses a combination of data so it can be used for beginning balances. 3. If using Desktop version, additional modules need to be purchased to handle pre-paid insurance automatically and forecast inventory.

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend4/10

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Good for small companies and simple budgeting

Reviewed 3 years ago
Pros

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

Cons

Although simple to use, features are limited. They have a new web based version that should alleviate many of our limitations but we still have not had that rolled out. We were supposed to have the web based version last year but are still waiting for the roll out. They also are used to smaller companies and over the last few years we have grown dramatically so we have basically out grown the product.

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend8/10

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

Reviewed 3 years ago

The elimination of Excel spreadsheets. A better structure to the data collection and processing.

Pros

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.

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.

Overall Rating
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend7/10

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Know what you are getting into

Reviewed 6 years ago
Pros

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!

Cons

From the beginning on, we explained explicitly how complex our business and budget was. We were assured our budget would be 70-80% finished by the time training was over. It was not. Perhaps it was a mis-communication between both parties as i was under the impression all drivers would be built and we would be ready to go, either way, Budget Maestro does want us to succeed and are hoping the new upgrade will be more friendly to our needs. I can't wait to get started and get a real feel for this product.

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend5/10

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Pure Planning

Reviewed a year ago

Too business support management even when someone lacks with a bit in attention to detail allowing for easy corrections and edits

Pros

Gets the job done and has changed how we handle our budget and how we look at budgeting. Little to no consultation with a robust budgeting, forecasting and integration with their analytics tool, Analytics Maestro, Budget Maestro.

Cons

Deoendi on company size workflow process is lacking. Some forecasting issues of budget and balance but creating and actual plan minimises the issue.

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support

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Excellent product that my company uses weekly.

Reviewed 3 years ago
Pros

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

Cons

We had some problems importing and exporting to excel. It took a while to set this system up and train staff to use it.

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend9/10

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

Reviewed 3 years ago

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.

Overall Rating
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend8/10

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Satified Budget Maestro user

Reviewed 6 years ago
Pros

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.

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. The company has been through several refinements of the product but has still not been able to duplicate the report.

Overall Rating
  • Ease of use
  • Features
  • Likelihood to recommend7/10

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Maestro Review

Reviewed 4 years ago

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.

Pros

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

Cons

Not easily available on any computer in the office - would prefer a more office friendly product that could be easily transferred from one computer to the next. No "out of the office" capability to use the software. No access of information unless it was taken from the computer that was set up for Maestro. Would prefer a web interface option

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend2/10

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Maybe a good long term solution

Reviewed 3 years ago

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

difficult to set up for the first time. Very limited when you have to export to Excel because all data is exported as text format.

Overall Rating
  • Ease of use
  • Features
  • Customer support

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This reviewer only left a rating

Reviewed 8 years ago

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...

Pros

No pros were added to this review

Cons

No cons were added to this review

Overall Rating
  • Ease of use
  • Customer support

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Budget Maestro Review from Dakota Electric Association

Reviewed 11 years ago

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.

Pros

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.

Cons

Calculating data at times can be slow due to multiple users in the system at the same time. We have also experienced some space issues as the number of budgets and versions have grown. We would also like to see more reporting flexibility regarding layouts for sizing columns and overall appearance.

Overall Rating
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend10/10

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A Value Add from Day One

Reviewed 7 years ago
Pros

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

Cons

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

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend8/10

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Forecasting and Financial Report Generation made easy

Reviewed 4 years ago

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.

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.

Overall Rating
  • Ease of use
  • Customer support

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Budget Maestro Review

Reviewed 12 years ago

4.5 out of 5 stars. Cant wait to try Planning Maestro!!!!

Pros

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!

Cons

With any program that is going to provide so much detail, there is a great amount of set up time to ensure accounts and other items are set up properly. Once this is complete, its just a matter of learning the program to meet your needs. Training time will have to be considered, but I think it is worth the time and the money.

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend9/10

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Budget Maestro: Extensive Financial Support Tool

Reviewed 4 years ago

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.

Pros

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.

Cons

1. Cost is a little high 2. Initial setup time longer than expected.

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend8/10

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A scalable and secure budgeting and planning software

Reviewed 5 years ago

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.

Pros

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

Cons

Little costly

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend9/10

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Out of the box financial solution software

Reviewed 4 years ago

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.

Pros

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.

Cons

Can be a little overpriced for a small sized company. Requires time to configure and get used to it and then can perform tasks at a high speed.

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend7/10

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Good moderately prices software

Reviewed 3 years ago

Lesser data redundancy than excel.

Pros

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.

Cons

1. Not easily available on any computer in the office - would prefer a more office friendly product that could be easily transferred from one computer to the next. 2. No "out of the office" capability to use the software. 3. No access of information unless it was taken from the computer that was set up for Maestro. Would prefer a web interface option

Overall Rating
  • Ease of use
  • Customer support

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Pros & Cons of Budget Maestro

Reviewed 9 years ago

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.

Pros

Makes budgeting easier. 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. Program does not allow for allocation of personnel & related SRE to various cost centers. Allocations for overheads difficult to setup.

Overall Rating
  • Value for money
  • Ease of use
  • Features

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Budget Maesteo really keeps my finances in order

Reviewed 3 years ago
Pros

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!

Cons

Sometimes the report downloads are not very easy to analyze in Microsoft excel. There are times when I have to manually scrub the data to make it useable.

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