Build connected budgets and plans, collaboratively
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Outcomes
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Better cost control
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Improved agility
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Faster alignment
Plan & budget across complex use cases
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Align your teams and shorten budgeting cycles
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Improve planning agility across departments
Compare budgets with actuals for faster decisions
Planning and budgeting that reflects your business needs
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Connected planning
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Scenario modeling
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Headcount planning
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Variance analysis
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Rolling forecasts
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Budget models
Frequently asked questions
Business budgeting software is a financial management tool designed to help businesses create, track, and report on their budgets to make informed business decisions, improve financial transparency, and achieve their strategic goals.
The ideal budgeting software solution is the one that best aligns with the unique needs of your business. The right budgeting and forecasting software should support a variety of business budgeting methods, including those that focus on optimizing costs, such as zero based budgeting.
You’ll also want to look for the following capabilities, which are table-stakes for any comprehensive budgeting solution:
- Forecasting capabilities are essential to the budgeting process because they allow a business to predict future revenues, expenses, and cash flows.
- The ability to compare actuals vs the budget every month for rolling forecasts.
- Scenario planning tools and what-if analysis that allow you to build more accurate forecasts, better mitigate risks, and identify potential opportunities.
- Variance analysis capabilities are essential for keeping your performance on track and can reveal actionable insights you can leverage to improve your business.
- Ability to model subscription-based income in a detailed way, incorporating your pricing model and other factors including churn rates and customer acquisition costs (CAC).
While the list above represents the core capabilities most businesses should look for in a budgeting solution, many of these and other capabilities that can enhance the budgeting process can be found across a variety of financial management software and tools, including financial modeling software, financial forecasting software, cash flow forecasting software and financial reporting software.
Drivetrain is one of the few budgeting software solutions on the market today that are purpose-built for SaaS. Powerful, yet simple to use, Drivetrain offers a comprehensive, third-generation FP&A solution with features that facilitate budgeting and other andprocesses for more strategic, data-driven decision-making. Here are just a few of the features you’ll discover in Drivetrain:
- Automated reporting with interactive dashboards
- 200+ integrations
- Financial forecasting, including revenue forecasting
- Driver-based and zero-based budgeting
- Rolling forecasts
- Variance analysis
- Scenario planning tools
- Real-time financial statement analysis
- Financial reporting
Ready to start your journey?
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