TOP-3 Business Plan Software Review 2023
Features |
PlanMagic |
LivePlan |
Enloop |
| Price | |||
| * = SE = Standard Edition, AE = Advanced Edition | SE* $7.41/month or AE* $14.95/month Paid annually |
$19.95/month or $139.92/year (comparable version to PlanMagic Standard Edition) | $39.95/month or $288/year (comparable version to PlanMagic Standard Edition) |
| Type | |||
| Type of software | Windows Download Cloud Windows desktop |
SaaS | SaaS |
| Privacy | |||
| How private is your data? | 100% privacy. Only you and those you wish to share your data with have access to your data | On an unknown server available to unlimited unknown entities incl. 3rd party API access |
On an unknown server available to unlimited unknown entities incl. 3rd party API access |
| Guides and Templates | |||
| Business and Financial plan guide | |||
| Web marketing guide | (AE only) | ||
| Business specific plan templates | |||
| Plan Templates | |||
| Format preferred by banks/lenders/investors/venture capitalists | |||
| Automatic index | |||
| Executive summary | |||
| PowerPoint presentation template | |||
| PowerPoint investor pitch deck(s) | Lean pitch PPT / Complete pitch decks (AE only) |
One-page pitch | |
| Spelling & grammar check | |||
| All MS Word (or compatible) functions are available for editing | |||
| Financial Statements | |||
| Timespan | 3 years monthly and quarterly, 5 years annual, 10 years summary | Limited | Limited |
| Monitoring capability | 100% | Limited | |
| Assumptions | General, form, financial, inventory, loans, tax, franchise, product mix, tax, dividend, and more) | Limited | Limited |
| Development planning | Up to 2 phases (AE 4 phases), 5 years prior and 5 years of planning with automated development timeline | ||
| Investment budget | Unlimited number of new/existing assets, depreciation schedule using SLN, DB, DDB, or SYD | Limited | Limited |
| Funding | Shareholders' capital, unlimited number of new/existing loans, deferred loans, flexible loans, amortization | Limited | Limited |
| Beginning balance sheet | With or without historic data | Limited | Limited |
| Personnel | Wizard to add persons, groups or departments (max. 10). Summary with headcounts. | Limited | Limited |
| Personnel assumptions | Payroll burden, hourly/overtime rates, bonuses payment schedule | Limited | Limited |
| Product details | Cost of Goods with minimum stock level entry (3 years) - Add/Edit/Remove product lines and products using the products wizard to add up to 10 product lines (or market areas) and unlimited products per product line | Limited | Limited |
| Sales projections | Enter sales by units or amounts, or in bulk per product line, rebates & allowances | Limited | Monthly amounts |
| Income statement | Categorized. Monthly & quarterly (3 years) - with EBITDA and earnings per share details for companies, automated discounts & returns, bad debts and losses & thefts. Add/remove cost rows easily. | ||
| Rationale | Notes to the financial statements - with automated data from the projections | ||
| Tax account | Detailed with sales tax &, income tax and adjust option | ||
| Inventory account | Detailed with adjust option | ||
| Charts | More than 50 automatic charts and you can create your own | Limited | Limited |
| Print wizard | |||
| Export wizard | |||
| Business analysis | |||
| Ratios (KPIs) | Historic ratios (3 years), Projected ratios including SGR, Z-score, IRR/NPV for business valuation (5 years) | Basic | Basic |
| Industry comparison | Industry standards comparison (5 years) with variation calculation | ||
| Loan capacity ratios | Loan capacity ratios (5 years) with indicators | ||
| Annual summary matrix | Beginning balance, income statement, cash flow, ending balance for each of the 5 years with OCF, FCF | ||
| Best case & Worst case | Best case & Worst case scenarios for each of the 5 years as a balanced scorecard | ||
| Comparison analysis actual vs projected | |||
| Line of credit scenario | Line of credit scenarios for 5 years | ||
| Expanded Financial Statements AE versions | |||
| Other investments (short term, bonds and securities) | |||
| Exchange rate wizard | Exchange rate multiplier to easily convert values into another currency | ||
| Development planning | Up to 4 phases, 5 years prior and 5 years of planning with automated development timeline | ||
| Annual ROA / ROE / SGR dynamic analysis tree for each of the 5 years | Adjustable dynamic ROA/ROE analysis (straight line & averaged) | ||
| EVA / WACC analysis tree | |||
| Break-even analysis per product line | Detailed break-even analysis per product line with break-even charts per product line | ||
| Financial summary with CAGR (5 years) | |||
| Revenue analysis per product line (5 years) | |||
| 10-year projections | Annual summarized projections (income statement, cash flow, balance sheet, ratios) up to 10 years | ||
| Timeline | Timeline (3 years) - entries are as easy as 1-2-3, with project cost, start date and end date | ||
| Executive dashboard | Complete | Limited | Limited |
| Advertising & promotion plan | Advertising & promotion plan detailed (3 years), annual (5 years) | ||
| Bonus tools | |||
| Equipment, machinery, office, lunch room, retail, specific worksheets | |||
| Services estimation | |||
| Personal financial statement | |||
| Partnership accounts worksheet | |||
| Add-on tools | Several business types have specific add-on tools | ||
| Other | |||
| Multiple authors in multiple locations | with multiple user licenses | with multiple user licenses | with multiple user licenses |
| # of plans | 10 with 1 single user license | 1 active (+$17.95/month for another) | 3 |
| Business specific software or service -- When none of the above are specific enough! | |||
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And the winner in price is?
And the winner in features is?
And the winner in business specifics is?
And the winner in close-to-reality projections is?
And the winner in privacy is?
And the winner in features is?
And the winner in business specifics is?
And the winner in close-to-reality projections is?
And the winner in privacy is?
Decide for yourself who you think the winner is! We've decided for ourselves!
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