Top 10 Financial Forecast Software Options for 2021

Financial forecast software helps you create projections of financial outcomes within a specified area of your company. This information can then feed into your business’s larger overall financial model, whether it’s a SaaS or a subscription service.

Using a well-made model, you can develop best and worst-case projections to make sure your financial plan allows for whatever happens. In our guide, The SaaS Financial Model You’ll Actually Use, you can read about the many features of our model. We’ve added several new features to the template to make it even more effective. 

In this article, we list the top 10 financial forecast software options for 2021.

Are you interested in how your business would benefit from intelligent financial forecasting software? Start your Baremetrics trial. It’s free for the first 14 days.

Why Use Financial Forecast Software?

As your business grows, both in terms of scale and complexity, financial management becomes more challenging. At some point, an excel sheet will no longer suffice for budgeting, financial planning, or cash flow forecasting. This is when a real-time financial forecast software solution with advanced functionality and revenue forecasting models comes in handy. 

Forecasting is an essential piece of the financial planning puzzle, as it plays a significant role in your company’s larger financial model and budgeting solution. 

Baremetrics

Baremetrics is a SaaS analytics platform that offers outstanding subscription intelligence and intuitive data visualizations to inform your financial decisions. The platform lets you manage your data entry manually or export data from a billing system or Microsoft Excel. Baremetrics provides you with accurate analytics about KPIs like MRR so that you can get a complete overview of your active customers, upgrades, cancellations, and downgrades — all gathered neatly in one place. 

Are you interested in how your business would benefit from intelligent financial forecasting software? Start your Baremetrics trial. It’s free for the first 14 days.

Planful

Planful is a financial planning and analysis (FP&A) cloud platform. You can use Planful for financial planning, budgeting, dynamic operational planning, financial consolidations, reporting, and visual analytics.

Prophix

Prophix is a Corporate Performance Management (CPM) software that aims to improve profitability and minimize your workload by automating repetitive tasks. The software features budget planning, consolidation, and reporting tools. 

idu-Concept

Idu-Concept helps midsize to large companies with budgeting, forecasting and financial reporting. The system lets you track spend and manage your assets and equipment. You can deploy idu-Concept in the Cloud or purchase and install it on a local server.

Oracle Planning Cloud

The Oracle Planning and Budgeting Cloud is a planning, budgeting, and forecasting solution for businesses of all sizes. It helps you achieve financial planning, financial forecasting, and financial reports with minimal IT resources.

Vena

The Vena platform connects existing systems and data to enable business planning and financial forecasting. Vena combines planning and budgeting capabilities with an Excel interface.

SAP Business Planning and Consolidation 

The SAP Business Planning and Consolidation platform streamlines financial operations and improves workflow by combining planning, forecasting, budgeting, and financial consolidation capabilities in a single application. 

PlaceCPM

Built on the Salesforce CRM platform, PlaceCPM is a financial forecasting solution built for technology and services companies. This solution connects operational data across finance, sales, and operations.

Jirav

Jirav is a business planning software with features covering the budgeting process, forecasting, reporting, and dashboards. Jirav is best suited for businesses that have five to 500 employees.

Float

Float is an add-on for businesses using Xero, Quickbooks Online, or FreeAgent. Using the method of cash flow forecasting, Float enables visual scenario planning.

How Baremetrics Can Help

The Baremetrics analytics program takes your data and creates insights about subscriptions, customers, cancellations, downgrades, upgrades and revenue. Because of this platform’s integrations, custom reports, and an easy-to-use API, your KPIs are always just a few clicks away. With a one-click, zero-set-up subscription approach, Baremetrics is very user-friendly.

Benefits of using Baremetrics for financial forecasting include:

• Complex data comparisons in less time
• Better revenue forecasting models with data from cash flow statements, income statements and other financials
• Improved cash flow
• No surprises — you know your financial situation 
• Insights into all aspects of subscription management 
• Spotlight on subscriber growth opportunities
• Daily, weekly, or monthly reporting
• Google Sheets add-on allows you to pull financial data from the platform directly into Google sheets.
• Access to reports via email or Slack
• Integrations with payment solutions like Stripe 
• Integrations via Baremetrics API, with, for example, PayPal payments

The Baremetrics Financial Forecast software transforms your financial data into valuable insights for budgeting, cash flow management, profitability, and growth.

Would you like to find out how your business would benefit from intelligent financial forecasting software? Start your Baremetrics trial. It’s free for the first 14 days.