PlanGuru is an on-premise business planning and budgeting solution for small businesses and nonprofits. The solution helps accountants to build financial forecasts, prepare budget analysis and address financial constraints of small businesses.
PlanGuru offers a budgeting software which includes tools to create and manage income statements, balance sheets and cash flow statements. With more than 20 forecasting methods, businesses can analyze and forecast their financial requirements for any period up to 10 years.
The suite solution comes with PlanGuru Analytics which is a cloud-based finance dashboard and reporting tool. PlanGuru Analytics is a fully customizable interface that helps accountants and financial advisors to monitor key financial KPIs for tracking business performance. Users can create private as well as shared dashboards, compare actual expenditure against planned budgets and use various charts and graphs for financial reporting.
PlanGuru also offers an advanced reporting Excel add-in which allows accountants to manage PlanGuru data in Excel and build reports. Users can watch tutorial videos or go through training content available on the website for detailed product info.
Shelly H. Branche: Buchhaltung Mitarbeiteranzahl: 13-50 Mitarbeiter
I've been able to help my clients create future plans and look at many what if scenarios and their affect on the balance sheet without having to worry about whether my formulas are correct in excel.
The flexibility of the application for creating multiple forecasts and budgets using a variety of assumptions and KPI's. the use of excel to integrate and add additional flexibility to the program. The subschedules allow multiple ways to forecast revenue and track other expenses. the integration of the balance sheet and ability to see affect the forecast has on the balance sheet items.
Some lack of flexibility in reporting. Lack of ability to print reports from analytics.
Overall a great cash flow program for the price. it has many features that programs 10 times the price do not have.
Plan Guru is a straightforward application for generating cash flow statements. I have used the product since 2003, and have watched it evolve from a simple tool to a more sophisticated application. The company has been receptive to user requests such as increasing the size of database fields to allow larger numbers, adding supplementary schedules, and direct cash flow projections.
Some of the debt amortization wizards are very handy, providing current portion of LTD in addition to amortizing loan balances and interest charges.
They have also included some valuation and ratio analysis work papers that are very handy.
This is a small company (at least it operates as one) where you can actually talk to a real live person.
All in all, it is a very good application for the price.
The application occasionally will show some instability, but this has been vastly improved over earlier versions. There are recovery routines so most of the data is not lost. The crashes seem mostly due to print driver compatabilities. The developers are pretty good at fixing these issues.
Large, complicated formulas may run into size limits when calculating dollar outcomes. When this occurs, I have created interim formulas in a workbook to get to the final formula.
It's nice that the application has supplementary schedules for the P&L. However there are no such supporting schedules for the balance sheet. Much of the work I do is in the balance sheet. It would nice to have a supporting schedule that would clean up the balance sheet presentation.
The learning curve can be a little steep for the novice user. The application was developed by CPAs for CPAs, although this application is valuable for private companies.
Victor M. Branche: Immobilien Mitarbeiteranzahl: 2-10 Mitarbeiter
Plan Guru is an excellent product, specially considering that there are no products out there with this many features at this price level. If you want to have the best products you will have to pay tens of thousands every year, ie. Budget Maestro. However I think PG has some room for improvement, such as
1.- More flexibility in the automatization for the recording of Historical and actual values. Not even copy and paste is possible.
2.- Make it more friendly. PG can only be mastered by someone with a strong background in Finance
3.- Expand reporting capabilities and allow to export reports to excel with up the 36 months instead of only 12 mo.
4.- Develop a Mac version or a web version
5.- Develop Inventory module and allow for supporting schedule on the Balance sheet
6.- Flexibility in putting some values ( ie. interest expense) in the balance sheet for capitalization purposes
-Once you have all the numbers, projections are very fast and exact.
-Income Statement, Balance Sheet and Cash flow integration
-Links to excel files
- The link process is very long and tedious
- No possibility of using formulas in the actual and historical data
- Need an inventory module
- Need Supporting schedule for the Balance sheet
If you work mostly by yourself and need a good integration when dealing with financial forecasts, this is the product.
If you need a company product with colaboration, tPG is not very friendly
Mark D. Branche: Unternehmensberatung Mitarbeiteranzahl: 13-50 Mitarbeiter
I am attempting to build budgets for my clients using the PlanGuru software installed on the remote cloud desktop. Overall, the product has met my expectations. I have used several similar large/deluxe budgeting tools built for Fortune 500 companies that cost 10 times as much (or more), and this is a very good "abridged" budgeting software for small businesses that is still very feature-rich.
The support I have received from the technical team has been very good; they have been very responsive to my requests. The cloud desktop experience was a little bit more laggy than I expected. I LOVE the Excel add-in. It is a very powerful tool. However, I thought the installation of the add-in was a little more complicated than it should be, especially based on the cost of the cloud subscription.
There is room for PlanGuru to improve a few things, but I will be using for future clients, and I highly recommend this product for small- to medium-sized businesses.
Very intuitive design. Most features/functions are just a right-click away. If you don't understand exactly what you are looking at, the tutorial videos are GREAT, and they have links to the relevant videos built right into the program where you need them.
Excel Add-in is a very powerful tool. A real selling-point for PlanGuru. If you know how to use a pivot table, you will love this tool.
Consolidations. If you have multiple departments, or groups of departments, consolidations is a must-have.
Excel Links. If the myriad of PlanGuru projection methods aren't good enough, just suck in whatever data you want from Excel to the budgeting tool.
It would be great if this product was built as a web/browser-based product, rather than a local client install. Then the users could also save on the cost of the remote cloud desktop, and installation/connectivity should be easier.
There should really be a "mass-refresh" button/method in the Excel add-in that would refresh every tab at once. A "mass-consolidation" button in the PlanGuru application would be nice, too.
I wish there was a "help forum" where users could assist one another and help troubleshoot issues. Support is responsive, and the videos are great. But support can't answer you as fast as a forum search would, and the videos don't cover everything. Chances are SOMEONE has had the same question in the past.
Jody G. Branche: Buchhaltung
It is easy to use. It is the only product in the market that I am aware of that focuses on the balance sheet and in particular cash.
Reporting features could be enhanced. Would like to be able to hide accounts that are no longer in use. When reporting condense some categories while expanding others.
It is nice that you can make small changes to the assumptions that don't take hours to see the results.