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Budget Maestro is Superior Budgeting Software to Spreadsheets
10 Top Reasons Why
1. No formulas or macros
Budget Maestro is easy to understand and use for all managers. There are no formulas or macros to
create, no cutting and pasting from workbooks all increasing the risk of errors and broken links during
budgeting and planning
process.
Data is collected in a centralized database. All data is entered via a common interface for all to
follow. All changes and additions to the budget plan are automatically updated in the database and instantly
reflected in your reports.
2. Generate a Balance Sheet and Statement of Cash Flows
Nearly impossible with spreadsheets, the Balance Sheet and Statement of Cash Flows rely on pro forma
transactions that reflect the timing of sales, expenditures and receipts. Most enterprise use the
accrual method, which complicates things even further. Trying to produce accurate cash flow information -
critical for financial survival is almost impossible with spreadsheets.
3. Variance Analysis
Nearly impossible with spreadsheets, the Balance Sheet and Statement of Cash Flows rely on pro forma
transactions that reflect the timing of sales , expenditures and receipts. Most enterprise use the accrual method,
which complicates things even further. Trying to produce accurate cash flow information - critical for
financial survival is almost impossible with spreadsheets.
4. Database Technology
Budget Maestro utilizes Microsoft database technology. All your data stored in a single, centralized database.
Databases are relational documents lending themselves to a more natural way for forecasting the Balance Sheet
and the Statement of Cash Flows as well as multidimensional views and reports of forecasted and actual data.
All computerized accounting software packages use databases as well.
5. Roll-ups & consolidation
Adding new departments or consolidations to your budget plan can be an extremely time-consuming task.
6. Security
Spreadsheets offer no way to prevent users access to sensitive, financial data. Budget Maestro allows
you to limit/restrict access by user and role-level for complete control of your data.
7. Real-time information
Using database technology, all changes, additions to your budget plan are automatically
updated in Budget Maestro and accessible in realtime.
8. Productivity
9. Integrated Financial Statements
Provides an integrated and unified way of viewing and comparing Actuals, Forecasts
and Budgets. Track performance of P&L and Headcount;
10. What-if Analysis
Budget Maestro provides you with powerful what-if analysis capabilities to plan and
test alternative scenarios.
Insight Fast,easy cration of multiple scenarios allows management to see the impact of
changing any variable in the business. Develop "what-if" scenarios in Budget Maestro
and compare them.
Consider the average number of hours to create a simple budget plan is 40 hours or more
(at $100 x 40 = $4,000) - not including chasing down broken links, revising the numbers,
formatting correctly etc. Spreadsheet budgeting is a costly endeavor.
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