Accounting and invoicing software is key to track a company’s financial status, but there are other resources that can help you manage the financial side of your business.
How do funding and budget tools help?
Funding and budget tools offer the following key benefits:
- Find financing and government programs
- Manage a budget online
- Calculate financial projections
- Run different hypothetical scenarios
- Keep all stakeholders on the same page
- Keep all your business metrics organized
How do funding and budget tools work?
Typically, businesses need to register and create an online profile. Some applications require users to log in each time, while others make it easy to download information.
Free and low-cost financial tools
If you’re looking for a low-cost or free solution, consider the following resources.
Revised March 2023
Budgeto
Free English French English support French support Data stored in Canada iOS app. Android Cloud or SaaS
Budgeto enables businesses to prepare budgets online and share them with employees, bankers and other stakeholders. It provides a comprehensive five-year forecast with detailed use of costs and funding. You can also synchronize it with your Xero or QuickBooks Online account to quickly import your historical accounting data. The online platform makes it easier for entrepreneurs to share information and speak the same language as investors, thus helping them secure the financing they need. Budgeto’s team is based out of Quebec.
Causal
Free English French English support French support Data stored in Canada iOS app. Android Cloud or SaaS
Causal lets you pull data directly from your accounting system (Xero, QuickBooks, Sage) or ERP system and combine it with operational data from your CRM (Salesforce, Hubspot) and data warehouse to build fully integrated financial models. This enables you to make intelligent forecasts, run different scenarios, compare budget-vs-actuals and share them with interactive dashboards and beautiful charts. The free version offers unlimited dashboards, but you may have to upgrade to the paid version to add more data sources and benefit from advanced functionalities.
Fundsearch
Free English French English support English support Data stored in Canada iOS app. Android Cloud or SaaS
Fundsearch is a self-serve online tool that can help you get funding. It uses AI and Machine Learning to find the right incentives for your projects in minutes. Your results will showcase the most suitable grants, government incentives, tax credits, and vouchers, as well as private investors, lenders and foundations. Developed by The Funding Portal, whose corporate headquarters are based in Toronto, Ontario.
KoreConX
Free English French English support French support Data stored in Canada iOS app. Android Cloud or SaaS
KoreConX is a free all-in-one business platform that helps companies navigate and efficiently manage all their corporate business activities and maintain proper governance. Developed by a Toronto-based company, KoreConX keeps the Kore of your business (your corporate information and your stakeholders) organized, accessible, secure, and up-to-date, allowing for easy collaboration.
LivePlan
Free English French English support French support Data stored in Canada iOS app. Android Cloud or SaaS
LivePlan offers a step-by-step approach to create a business plan. Since it is cloud-based, entrepreneurs and small businesses can easily work with others on the same plan at the same time. The scoreboard feature is particularly helpful to monitor in real-time how revenue figures are performing against actual forecasts. The language options allow you to work and publish your plan in either English or French.
This table lists applications alphabetically and isn’t exhaustive. Hyperlinks to external sites do not constitute endorsement by BDC of those websites or any information, opinions, products or services expressed or described on them.
Furthermore, the list is only a starting point and excludes applications not offered either in English or in French, or that are neither low cost nor free. When assessing which solution is best for your organization, you will probably consider many other factors.
BDC will review and edit this list regularly. If you are a funding and budget software vendor and would like us to consider adding your solution, please contact us.
