Business Budgeting & Planning Software

Build connected budgets and plans, collaboratively

Name: Business Budgeting & Planning - Drivetrain
Brand: Drivetrain
Rating: 4.9 (65 reviews)

Shorten budgeting cycles and improve cost control by centralizing all your planning data and improving collaboration across teams.

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Fueling finance teams globally

4.9

Rating by G2 users

Outcomes

Better cost control

Manage working capital in the most effective way by aligning your budget & planning processes.

Improved agility

Adjust and adapt your plans and forecasts throughout the year— improving your revenue predictability.

Faster alignment

Streamline communication with collaboration tools to align faster on with stakeholders.

Plan & budget across complex use cases

Create top-down, bottom-up, zero-based, or hybrid budgeting models.

Implement continuous, driver-based planning.

Plan for different outcomes with on-the-fly What-If scenario analysis.

Quickly change models to reflect changes in your business structure or strategy.

Align your teams and shorten budgeting cycles

Enable stakeholders to work off a single, central data source for consistency.

Create models faster with easy to understand business formulas.

Build multi-dimensional models across countries, segments, business units, or any other split without duplicating work.

Reduce the risk of manual errors with fast and accurate driver-based planning.

"Drivetrain can be built to accommodate all of our business needs and ingest all of our data tables; strong price-to-value ratio. Removes "black box" challenges that older platforms have. Easy to use every day and run regular BvA cadences."

Aaron Bajor

Director of FP&A and Strategic Finance, Matillion

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Improve planning agility across departments

Handle any number of planning dimensions.

Easily integrate financial models without sacrificing on granularity.

Manage collaboration, sharing, consolidation, and approval of planning data.

Rapidly update plans with streamlined data consolidation & forecasting.

Compare budgets with actuals for faster decisions

Track actuals against your budgets and forecasts in one place.

Create multiple plan versions and analyze variances to improve budget and forecast accuracy.

Drill-down on variances to quickly uncover the root cause.

Planning and budgeting that reflects your business needs

Connected planning

Align teams around a single source of truth with connected plans & shared metrics.

Scenario modeling

Run What-If scenarios and perform root cause analyses in minutes.

Headcount planning

Factor and project the number and timing of hires for creating hiring plans.

Variance analysis

Automated consolidation of data for real-time monitoring of plan vs. actuals.

Rolling forecasts

Do continuous planning with rolling forecasts to ensure plans, forecasts, and reports are always up to date.

Budget models

Create top-down, bottom-up, zero-based, or hybrid budgeting models.

Frequently asked questions

What is business budgeting software?

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.

What are the core capabilities to look for in a business budgeting software?

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.
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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.

How can Drivetrain help me with budgeting?

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
800+ 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

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