Business Plan Software Review: Ultimate Business Planner?

One of the main reasons business owners and entrepreneurs use business plan software is to simplify building their financial models. Even with an explosion in business plan software packages on the market today, "doing the financial projections" is still often cited as the most difficult part of completing a business plan. Yet, software can still simplify financial forecasting.

The question is: Which software?

Ultimate Business Planner has been touted as a dynamic, interactive planning tool that takes the drudgery out of complex, time-consuming financial forecasting and business planning. It combines easy-to-use software functions with a step-by-step approach to create a business plan.

It is designed for those individuals or businesses in need of getting a business plan done fast. The Ultimate Business Planner prides itself on being the fastest and easiest way to write a winning business plan.

Atlas Business Solutions, Inc. (ABS), developer of the business planning technology in QuickBooks® Premier 2005 and the maker of Ultimate Business Planner, is a well-respected and established business software development company. Their products are top rated and are priced moderately.

So, let's check it out?

Step-by-step approach with five manageable sections

The Ultimate Business Planner breaks the business planning process into five manageable sections: Company, Income, Expenses, Interview and Plan.

The first four sections gather information to prepare and complete your financial forecast. Interactive dialogs with plain-English instructions, questions and fill-in the blanks capture information and build your company profile. Income and expense worksheets enable you to define income and expense categories and project monthly amounts with easy to use forecasting functions.

There are three methods you can use to enter your monthly income or expense data: manually or cell-by-cell, automatically - using a combination of the worksheet functions to project amounts for you based on your assumptions, or importing/copy paste - take data from your files if you are using QuickBooks Pro/Premier/Enterprise 2003 (or later) or simply copying and pasting data from an MS Excel worksheet.

The fifth section provides several tools to write a business plan including: a business plan outline to guide you step-by-step in writing your business plan, topic guides and example tabs that explain what you should include in each topic with examples of each, and a powerful, easy to use text editor for entering and editing your text.

Includes help functions, advice and how-to hints to
overcome most business plan obstacles

The package includes many help functions for advice and how-to hints to overcome the many obstacles to writing a successful business plan. For example, refer to the twenty-five industry-specific sample business plans for suggested wording, or to copy-and-paste select phrases or sections directly into your business plan to breakthrough writers block quickly. Or, there are many financial wizards available to calculate loan amounts, interest rates, monthly payments, depreciation, amortization and more.

Complete the sections and
Ultimate Business Planner does the rest

With Ultimate Business Plan, you are free to complete each section in the order you choose. Then, when the sections are complete the Ultimate Business Planner does the rest. It evaluates the financial viability of your business ideas or strategies quickly and easily; creates complete financial statement projections (for up to 36 months) to show to your bankers or other potential investors; and, produces a professional report in ever respect including graphs to highlight the potential of your business plan.

Change scenarios for
intelligent, informed decisions

Changing scenarios is easy with the Ultimate Business Planner. For example, to quickly see how hiring more employees or adding a new product affects your bottom line simply go to period and change the amount. The software will automatically update all the related financial statements, charts and tables. In short, the Ultimate Business Planner allows you to see how your bottom line is affected by unlimited business situations.

What's missing?

Three things I wish the Ultimate Business Planner would do. First, allow users the option to enter historical financial data (an important option if you are an established business). Second, either extend or allow users the option to extend the forecast period to five years (a common time horizon for venture capitalist and equity sponsors). Third, allow users to vary gross margin assumptions on a monthly, quarterly, or annual basis (in version 3.0 material, labor and overhead assumptions remain fixed throughout the entire three-year forecast period).

But don't let these things hold you back from trying the Ultimate Business Planner. You can easily work around them and the time and ease of use in other areas more than offsets these shortcomings.

For example, to include historical financial data, you can export your projections to Excel and then add the needed history directly into MS Excel®. If you want a five-year projection, simply create a new file that begins with the ending balances forecasted in your original three-year plan and do the addition two-year projection in the new file. Then, you can merge the original three-year plan with the extended plan using MS Excel®. If you want to vary the gross margin assumptions over the forecast period, you can create separate product categories for the same product and vary the material, labor and overhead as a percentage of sales for each product category and related period.

Go to the demo?

All direct purchases of the Ultimate Business Planner from ABS are backed by their 90-day unconditional, money-back guarantee (excluding upgrades which are nonrefundable). To help you evaluate whether the Ultimate Business Planner is right for you, Business Plan Secrets Revealed has prepared a section-by-section demonstration that can be viewed at

The Ultimate Business Planner is a pretty simple business planning software to use. It's a quick and useful business planner that produces a well-written and organized business plan. At $99.00, it's worth giving it a shot.

Mike Elia is a chief financial officer and an advisor to venture capitalists and leverage buyout specialists. His business plan ebook "Business Plan Secrets Revealed" shows how to make your business the most appealing investment choice to venture capitalists, bankers, and other business investors. For his free business plan guide click here.

In The News:

Beware of free software  Telegraph India

.Net Charts and Graphs Interact with Businesses and Customers

Bar charts, bar graphs, and any other chart or graph... Read More

Introducing GRML

Creating a new markup language.Introduction.General Reuse Markup Langauge, or GRML,... Read More

Spyware Definitions List

The adware and spyware definitions list is very long. But... Read More

Artificial Intelligence And Intuition

The intuitive algorithm.Roger Penrose considered it impossible. Thinking could never... Read More

History of Java

The java programming language is becoming more and more popular... Read More

Microsoft Great Plains: carpet, textile, fabric, felt distributor ? implementation overview

In this small article we will show you the possible... Read More

How to Get The Best Accounting Software For Your Small Business

Buying accounting software is a major investment. It's an important... Read More

Great Plains Accounting Migration to Microsoft Great Plains - Overview for IT Specialist

This is a short article, written in question/answer/FAQ style to... Read More

Huddle Up; Groupware on Three

It could just be me, but my experiences with document... Read More

Corporate ERP Selection: Microsoft Great Plains

In our opinion, traditional approach when you select ERP/MRP system... Read More

What Stands Behind The Software Description?

With thousands of web pages added to the Net every... Read More

Microsoft Great Plains Implementation for Midsize & Large Corporation: Lockbox Processing

Microsoft Great Plains is now targeting large and midsize businesses... Read More

Instant Messenger Clients

If you have been using the Internet for any amount... Read More

Microsoft Great Plains, Navision, Axapta ? Selection Considerations

During the years of our consulting practice, which comes back... Read More

The Tools and Features of Adobe Photoshop

Adobe Photoshop is one of the world's leading graphics editing... Read More

Great Plains Dexterity History and Programming Overview

As of now - Great Plains Dynamics/eEnterprise is transformed/renamed into... Read More

Microsoft CRM Implementation ? Fundamental CRM Principles Revision

Microsoft CRM is relatively new player on the now becoming... Read More

Inherent Dangers Of File Sharing Via The Internet.

Cyberspace has opened up a new frontier with exciting possibilities... Read More

Microsoft Great Plains: exchange & brokerage ? implementation notes

If you company is small or mid-size special products or... Read More

Microsoft CRM Customization ? Programming Closed Email Activity

Microsoft CRM is CRM answer from Microsoft and attempt to... Read More

SQL scripts for Project Accounting: Microsoft Great Plains series ? overview for developer

Microsoft Business Solutions Great Plains has Project Accounting module where... Read More

Microsoft Great Plains Logistics & Warehouse Management ? Implementation & Customization Highlights

Logistics automation is often considered as barcoding extension to Sales... Read More

How Do I Get Rid Of That Darn Spyware?

Ad-Aware and Spybot are probably the two most well known... Read More

Great Plains Customization ? Programming Auto-apply in Accounts Receivable

Microsoft Great Plains is one of three Microsoft Business Solutions... Read More

10 Things You Could be Using Photoshop For, But Probably Arent

Most people don't use Photoshop to its fullest capabilities. Here... Read More