NaviPlan by Advicent

Score9 out of 10

2 Reviews and Ratings

Community insights

TrustRadius Insights for NaviPlan by Advicent are summaries of user sentiment data from TrustRadius reviews and, when necessary, third party data sources.

Pros

Accurate and Detailed Financial Planning: Several reviewers have found NaviPlan to be a highly accurate financial planning tool that allows for the entry of detailed information, including variables like inflation and future dated changes. This level of detail creates a highly accurate financial plan.

Comprehensive Overview of Financial Situation: Many users appreciate the ability to view all of a client's assets and accounts on one screen, providing a comprehensive overview of their financial situation. This feature enables them to calculate potential options for financing and make informed decisions.

Flexible Scenario Illustration: The flexibility of NaviPlan is praised by reviewers as it can produce a wide range of documents to illustrate various financial scenarios. Users specifically highlight the usefulness of the foundational plan tool for illustrating retirement funding.

Reviews

2 Reviews

NaviPlan :The best financial Management tool for better planning and execution.

Rating: 10 out of 10

Incentivized

January 29, 2023

Use Cases and Deployment Scope

It lets the company create employees' accounts in one window so that the management, as well as the employee, can get information regarding the salary account, allowance, increment, installment and other financial EMI/subscription, retirement, loans, bills, savings, life insurance, health insurance, etc. It is very much flexible and can generate documents in a summarised form to present the status of what we require from the needy. This is a central database that is secure, easy to track, easy to input the data, and also much simpler in displaying what the user requires. It is a fully featured financial management software developed to serve mainly small industries and other enterprises to get end-to-end solutions. This online management software offers employee management, client management, fund management, budget planning, risk management, tax planning, and calculation in one place.

Pros

Employee benefits management, planning, and calculation become simpler with the Navi plan.
Budget planning, risk management, and other account management become easy and simpler to analyze by the top management.
Tax calculation and other payments become easy for the organization as well as individual employees.
Cashflow analysis and modifications in the allocation become easy and could be understood by all the top-level management in a single window.

Cons

Much favorable for small industries, so better to make it good for large enterprise also.
Illustration can be made easy so that quick understanding can be done.
Tracking of the particular item is a bit difficult, this could be made easier.
Not much user friendly compared to the competitors. But does the job well.

Likelihood to Recommend

For small industries, it is very much suitable for planning, budget allocation, employee management, client management, risk management, tax calculation, and other financial management. The illustration is better and the simple interface helps us to input the data easily and precisely. When coming to large enterprises, there is some drawback which they can easily manage things well. Simple updates and small changes could make it very favorable for medium size enterprises.

Ajesh Krishna

Electrical Engineer in Engineering at Kerala State Electricity Board Ltd (51-200 employees)

Vetted Review

1 year of experience

View profile

Bulletproof financial planning software platform

Rating: 8 out of 10

Incentivized

January 27, 2023

Use Cases and Deployment Scope

We use NaviPlan to build out future projections based on financial plans we build. We use it to show income streams in retirement and to show how long a clients money will last. We use it to show numerous strategies with insurance and corporations. It allows us to show the tax implications of what they are currently doing versus what we are recommending. We use it to solidify the plans we have already built.

Pros

Retirement Income Scenarios
Detailed Cash Flow
Monte Carlo Analysis

Cons

Corporations - a more detailed module that allows more functionality
Estate Planning - we are missing a module that is available in the US
Marital Status - Ability to show comparison if a client is married versus not married within the same plan

Likelihood to Recommend

NaviPlan is an invaluable financial planning tool. There are so many strategies and reports that can be built and used within the software. I've been using it for around 8 years and still don't how to use all of the functions. It has come a long way over the 8 years in terms of functionality. There is a definite learning curve, however, I've found it has become more user friendly.

Samantha Forbes

Executive Assistant Office Manager in Professional Services at Moakler Wealth Management Inc. (1-10 employees)

Vetted Review

8 years of experience

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NaviPlan :The best financial Management tool for better planning and execution.

Rating: 10 out of 10

Incentivized

January 29, 2023

Use Cases and Deployment Scope

Pros

Employee benefits management, planning, and calculation become simpler with the Navi plan.
Budget planning, risk management, and other account management become easy and simpler to analyze by the top management.
Tax calculation and other payments become easy for the organization as well as individual employees.
Cashflow analysis and modifications in the allocation become easy and could be understood by all the top-level management in a single window.

Cons

Much favorable for small industries, so better to make it good for large enterprise also.
Illustration can be made easy so that quick understanding can be done.
Tracking of the particular item is a bit difficult, this could be made easier.
Not much user friendly compared to the competitors. But does the job well.

Likelihood to Recommend

Ajesh Krishna

Electrical Engineer in Engineering at Kerala State Electricity Board Ltd (51-200 employees)

Vetted Review

1 year of experience

View profile