Best Forecasting Software for Businesses

With Planning Maestro, Centage's financial forecasting software, forecast the impact of multiple scenarios. Discover when, where, and why actuals differ from plan to take appropriate action.

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Think you know budget forecasting software? Watch our demo and rethink what is possible.

No matter which business forecasting tools you are currently using, Planning Maestro will deliver forecasting with speed and accuracy unmatched by other solutions. 

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Why is Financial Forecasting Important?

Forecasting matters for your company because it helps you see where you are headed and can give you the knowledge you need to course correct. A financial forecast helps you: 

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Create an accurate budget

Forecasting and budgeting work in tandem — you need a forecast to create a realistic budget. Often, putting together a forecast is the first step in the budgeting process. You can use the information in your business forecast to make decisions regarding your company's future spending and expenses.

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Set realistic business goals

Your company's forecast also allows you to set and reach specific goals. It can help you determine if a particular goal is realistic or aligned with your company's trajectory. You can use the forecast to make adjustments as needed to help your business get on track or to allow its goals to better align with its reality. 

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Detect and correct problems

A financial forecast can shine a bright light on existing or potential problems for your company. For example, it might show you that your company is more likely to have cash flow problems during a particular quarter or month. You can use the information to make adjustments to spending to improve cash flow and keep your company from sinking into the red during slow periods.

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Get funding

Lenders and investors will want to see your company's forecast, along with its budget and other financial details, before they decide to offer you financing. A forecast that looks bright is more likely to help you land the financing you need. If your forecast does not look bright, you can make adjustments to improve your outcomes and make your company more attractive to funders.

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Make Data-Driven Decisions

Planning Maestro is a modern forecast planning software for small and mid-sized organizations. Using Planning Maestro empowers you to make intelligent contributions to your business by gathering practical insights from financial data.

With the best budgeting and forecasting software, you can:

  • Generate precise, integrated, synchronized Statement of Cash Flows and Balance Sheet, P&L Statement, and other management reports without duplicating work or calculations.
  • Facilitate collaboration across all plan and budget owners to allow fast responses to actual results while maintaining a centralized view of the overall plan.
  • Drill down from summary to detail level to understand risks, opportunities, and variances. Initiate faster changes in response to predicted and actual results. 

Cash Flow, Balance Sheet, and P&L Forecasting

A modern FP&A solution for financial forecasting operates as an extension of your GL. It automatically generates accurate forward-looking Balance Sheet and Cash Flow information synced with actual results and your existing budget.

Cash flow management software offers these advantages:

  • With cash flow forecasting, see the effect of cash flow from any area of your operation — from sales to workforce, loans, and capital asset plans.
  • Make a change to an Income Statement or Balance Sheet assumption and automatically see the impact through all your financials, including the Statement of Cash Flows.
  • Compare multiple forecasts based on actuals. 

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Times are changing from growth to survival...start building driver-based budgets now so you're prepared for what's next.

Download our white paper, “Making the Shift: Cash Flow Forecasting Tips for Turbulent Times”, to learn how an insightful, strategic, and accurate cash flow budget will allow you to manage scarce resources effectively. 

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Cash Flow Forecasting Tips for Turbulent Times
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Rolling Forecasts

It can be challenging to predict opportunities and trends a year or more in advance, especially in uncertain industries and volatile markets.

Centage Corporation's rolling forecast budgeting software streamlines the process, letting you:

  • Gain a long-term view, with the ability to create rolling forecasts beyond 12 periods.
  • See changes in assumptions based on key business drivers or market conditions instantly, across the entire model.
  • Generate variance reports of budget, actual and forecasted numbers.
Scenario Planning

All plans, to a certain extent, are based on assumptions. You gather input from each department head, set goals, lay out steps for achieving those goals, and estimate expenses. Scenario planning in our business forecasting software lets you test multiple assumptions and predict their impact on the financial statements.

Business scenario planning and forecasting software lets you enjoy these benefits:

  • Built-in compliance and automated workflows ensure that all inputs are processed according to the company’s unique business structure to provide a forward-looking view of your G-L.
  • Test how sensitive your plan is to a specific variable, such as sales that are lower than expected, or if insurance rates go up, as well as the impact on your financial statements.
  • Scenario forecasting lets you accurately forecast the impact of multiple variables and scenarios to make solid recommendations to the executive team. 

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Mountain View Hospital Case Study
This hospital used an Excel spreadsheet with 40 tabs. It was not reliable & the time it took to manage risked the need for additional staff.
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Community Care Case Study
This healthcare organization grew tired of too many budget updates with too little accuracy when managing multiple networks of providers.
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Wakeland Housing & Development Case Study
As a nonprofit, this company's biggest asset was their cash. Learn how Planning Maestro helped them forecast their cash flow.
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ClearTrack Information Network Case Study
This software & technology company faced time consuming errors and redundancies that prevented them from focusing on strategic initiatives.
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Try our SaaS Forecasting Software for an All-in-One Solution

Planning Maestro® is an all-in-one solution for budgeting, planning, forecasting, reporting and analytics. Using our modern FP&A solution will improve your insight into the health of your business, and our budgeting capabilities allow you to generate automated, accurate forecasts. 

Watch a demo of Planning Maestro® to see our cash flow budget software in action, and when you are ready to discuss how our solution can help you meet your business goals and needs, request a quote. 

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Features and Capabilities of Our Budgeting Software

Planning Maestro is equipped with comprehensive features that support you by streamlining your budgeting, planning, forecasting and reporting processes.

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Unlimited Dimensions for Budgets and Reports

Create detailed plans with various revenue streams based on key drivers. Track company performance alongside financial metrics and corporate goals to make corrections as needed and stay on track. Integrates with your general ledger and handle the technical side of the process — no programming or logic maintenance required.
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Granular Personnel Budgeting & Allocations

Plan labor needs, incorporating overtime, premium, and shift differentials for accurate costing and headcount forecast. Improve agility, even when personnel resources are limited. Accurate budgets, paired with detailed workforce expenses, make it possible to identify changes as needed and continue to meet your organization's goals.
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Scenario Planning

What-if scenarios allow you to change assumptions and immediately see the impact on your revenue, expenses, and cash flow. Create unlimited budgets based on different scenarios to keep up with inconsistencies. Reduce associated risks by assessing possible financial challenges before they occur.
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Cash Flow Projections & Forecasts

Manage cash flow reporting, analysis, and allocation in real-time at the corporate and subsidiary levels. Create forecasts based on your balance sheets and connect to your actual earnings to make your overall financial planning more accurate.
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Dashboards & Reports

Instantly create the reports your stakeholders want, your bank demands, and your company needs. Gain visibility across the whole organization and make data-driven decisions.
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Rolling Forecasts

Regulate seasonality and unknowns through continuous forecasting. With all the unknowns — personnel, operational expenses, unexpected projects — keeping up with possible expenses and changes to your cash flow makes your organization more agile.
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