Top 48 Budgeting & CPM Software (Jun 2024)

Budgeting & CPM Buyer's Guide

Overview

Budgeting and Corporate Performance Management (CPM) software is a category of tools designed to help businesses plan, budget, forecast, and analyze their financial and operational performance. These software solutions are essential for organizations looking to streamline their budgeting processes, improve decision-making, and achieve their financial goals.

Why Businesses Need It

Businesses need Budgeting & CPM software to create accurate budgets, forecast future performance, track key performance indicators (KPIs), and analyze variances between actual and planned outcomes. These tools enable companies to make data-driven decisions, align their resources with strategic goals, and optimize their financial performance.

Main Features

The main features of Budgeting & CPM software include budget creation and management, financial forecasting, scenario modeling, variance analysis, KPI tracking, financial reporting, dashboards, and collaboration tools for team members to work together on budgets and plans.

Main Business Processes the Software Apps Can Help With

Budgeting & CPM software can help with financial planning, budgeting, forecasting, strategic planning, performance analysis, financial consolidation, reporting, compliance management, and decision support processes within an organization.

Steps on How to Buy This Software

When buying Budgeting & CPM software, businesses should first assess their budgeting and planning needs, identify key features required, evaluate different vendors, request demos, consider scalability and integration capabilities, check for customer support options, negotiate pricing, and ensure a smooth implementation process.

Things to Consider

When considering Budgeting & CPM software, businesses should consider factors such as ease of use, scalability, integration with existing systems, reporting capabilities, security features, vendor reputation, customer support options, pricing models, and the ability to customize the software to meet specific business needs.

Most Popular Vendors and Market Share

Some of the most popular vendors in the Budgeting & CPM software category include Oracle Hyperion, SAP BPC (Business Planning and Consolidation), IBM Planning Analytics, Anaplan, Adaptive Insights, Cognos TM1, and Workday Adaptive Planning. Oracle Hyperion and SAP BPC are among the top vendors with significant market share.

Trends and Next in This Category

Current trends in the Budgeting & CPM software category include the adoption of cloud-based solutions, increased focus on predictive analytics and AI-driven forecasting, emphasis on real-time reporting and decision-making, integration with big data platforms, and the development of mobile applications for on-the-go access to budgeting and performance data.

10 Questions to Ask Software Vendors During a Demo

1. How does your software streamline the budgeting process?
2. What forecasting methods does the software support?
3. Can the software handle complex financial models and what-if scenarios?
4. How does the software facilitate collaboration among team members?
5. What reporting capabilities does the software offer?
6. How easy is it to integrate your software with other systems?
7. What security measures are in place to protect financial data?
8. What training and support options do you provide to customers?
9. Can the software be customized to suit our specific business needs?
10. What is your pricing model and are there any additional costs we should be aware of?

Head to head Budgeting & CPM software leaders comparisons:

List of Budgeting & CPM Software:

Budgeting & CPM Software Products Price Range

Organizations of varying sizes would typically have to pay between $9 and more than $144 for base subscriptions of Budgeting & CPM software. Also, the software vendors might include some additional charges for features like asset planning, document versioning, and forecasting.

However, there are some open-source and free Budgeting and CPM Software available. For example, MoneyMinder has a free entry subscription and an upgraded “Pro” version, which costs $159 per year. MyGide Starter Kit is free with tiered upgrade options, and Cash Flow Frog offers free versions, with upgrades costing up to $45 a month.

• Web-based Budgeting & CPM solutions typically cost between $12 and $1000 per month. For instance, Float Cash Flow Forecasting pricing goes for $69 a month, and JD Edwards EnterpriseOne costs up to $999 a month. Dryrun “Essentials” version costs $59 per month, while its “Advanced” version goes for $99 a month. Also, Poindexter “Basic” pricing plan begins at $12, going up to $38.
• macOS users can expect to pay up to $20,000 for B/CPM service bundles. For context, Quantrix pricing costs $2,450 a year for its “Modeler” subscription, Jirav goes for $100 a month, and XLReporting for $199 per month. Also, Neubrain Budgeting has a one-time license fee of $10,000.
• Windows-based CPM software has a price range of $30-$7000. ClearPoint Strategy costs $250 a month for its Basic subscription plan, Calumo pricing is around $30 a month, and Solver goes for up to $6,888 a year. Budgyt pricing also starts at $199 for its “Easy” model, $399 for its “Plus” model, and $699 for its “Pro” Model.
• Small BusinessBudgeting and CPM software for small businesses have an average price range of $19-$260. For instance, Castaway costs around $133 a month, with a “Flexi” plan, which goes for $259 a month. A2X for Amazon goes for $19 a month, and ProjectionHub pricing sits around $25 a month.
• Android platform CPM software that is deployable on the Android platform can cost up to $1000. FINSYNC base service goes for $45 per month, while Six Degrees Planning costs a one-time charge of $1000. Accounting Power goes for $120 a month ($1,195 a year), and Striven starts at $20 per user, with an additional $99 hosting charge per month.