Review of NaviPlan Financial Plan Software.

NaviPlan Select V12.x Financial Planning Software Review, Evaluation, and Comparisons

Main Financial Planning Software Comparison Page See the 2012 NaviPlan Review Current Financial Software Review Status Page Real cash flow-based Financial Planning Software and Goalware
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An Overall Product Classification, Generic Review, Evaluation of Their Functions, and Detailed Comparisons with Tools For Money
(see the chart at the bottom)

We're trying to do a fair and balanced review, so if you dispute any of this, just send an e-mail and we'll look at it and if you're right, then we'll edit that and give you a freebie to thank you

About MoneyTree Easy Money software.

NaviPlan Review, Evaluation, and Comparison

Generic Description: Integrated and comprehensive financial planning, estate planning, and tax estimation software.

Market: Mostly BD Reps selling life insurance and annuities (with a smaller number of RIAs not).

Review Date: June '14.

Other Names or Sites They Go By: Advicent Solutions, LP.

Advicent now sells both NaviPlan and Financial Profiles. The combination of the two is now called NaviPro. Advicent is owned by Vista Equity Partners. ZyWave is not affiliated with Advicent anymore.

Website: Advicentsolutions.com

What Module on Tools For Money it Competes With, and is the Best to Compare To: Integrated Financial Planner.

Platform: Code-driven and cloud-based only. Their system is ISO / IEC 27001:2005 cloud security certified.

Read why you should not be working in the clouds when it comes to financial planning software.

Read why Excel-based financial plan software is superior to code-driven software.

Price: $2,100 a year, with a two-year buying commitment.

For $1,000 you can buy everything on this site, which provides much more value than just financial planning software. Then you don't have to renew if you don't want to. Even if you don't want to renew Premium after the first year, you still have to pay another $2,100.

Annual Update Prices: 100%, so you pay full price every year.

Tools For Money is only 50%.

Finra Reviewed: No, because it has a Monte Carlo simulator.

Monte Carlo Simulator: Yes

Buying Caveats: There's a two-year contractual commitment to buy NaviPlan Select (just like buying a smart-phone, you're stuck paying for two years).

You also may need to spend time and money on their formal training classes, as their directions, videos, and tutorials are for old versions, and are hard to find, and in general, it's complex and "hard to use."

Printing: Typical code-based platform where you click print, and it spits out pre-programmed reports in PDF format that can only be altered by the user if exported (mail merges) to Word where you can reinvent the printing wheel all you like. So control over printing is possible, just not easy.

With all Tools For Money software, you have total control over all printing.

Delivery Methods: Cloud-based.

Read why you should not be working in the clouds when it comes to financial planning software.

Number of Computers the Program Will Run On: Cloud-based.

With all Tools For Money software, you can also use anything for anything on an unlimited numbers of computers.

Integration and/or Online Downloading: Good integration with other vendors, like Albridge Solutions and Morningstar's Advisor Workstation.

NaviPlan Comparison Conclusions; Comments, Opinions, and Observations

NaviPro is their new name for the bundle of NaviPlan and Financial Profiles. So NaviPlan is still called NaviPlan (Select, or currently Version 12.x).

After everyone is forced to "migrate to their cloud" by Q3 '14 there will be no other versions (no more Premium, Standard, Extended, Desktop, etc.).

Select v12.x is 100% cloud-based, requires a two-year contractual commitment, and costs $2,100 a year. The price varies because of the usual backdoor kickback deals with Broker Dealers. For example, this text is from LPL's site: "LPL Financial offers discounted pricing for NaviPlan financial planning solutions."

Next, there's some fails going on over there. Here's what happens most every time I call: You dial their main number, (855) 890-5900. Then if you press 2 for sales (to get the most basic of information, like price), all you get is transferred to an answering machine. I've tried several times over a few weeks, and have yet to get to talk with a human. Then when you do things like press 3 for the operator, and start asking questions, they go into how the company split into two parts, so now you have to call a different number to talk with the NaviPro people. Then they say it's the same number you just called -  (855) 890-5900. When I said that, the gal was clueless.

I've also tried several times via their "Request Trial Periods" and things like that via e-mail, and so far, they have not answered any of them.

They have a few different phone numbers showing on the web, but calling every one is just the same voicemail black hole of nobody home (they seem to all go to their main number, which they rarely answer).

Most links  to beef in their documentation, and/or anything found online, go to dead ZyWave and/or EISI websites. So there's not Much anywhere, or it's several years old, because there's little-to nothing at Advicentsolutions.com. Even their current user manual wants you to go to support.eisi.com/naviplan, which hasn't existed for years.

So I'm guessing you'll have to input your personal data or call them to get a screener to call you back to play with their "free demo program." So they're probably going to have a salesperson "follow-up" until you either buy or tell them to bugger off.

When inputting sample plans with a NaviPlan user, I found one of the most egregious calculation errors possible in financial planning software. Then it took them over a year to fix it.

In addition to finding a ginormous error in all of their asset cash flows, there were dozens of minor errors that I still have yet to get answers on. So our IFP still is the leader in accurate financial plan numbers.

Calculation error: "The plan inflation rate is used to project Social Security payments going forward." This means you have to use the plan's inflation rate for Social Security too. In other words, it can't be different. I think one should use at least 1% less because, that's more conservative, and matches what happens in the Real World (everyone's personal inflation rate is usually much higher than the government's reported CPI number, which is what SS is based on).

Now they're calling it "goals-based" too. They couldn't call it "goal-based" of "goal-focused" because other vendors that sell "fake" financial planning software already "own" those words. When you're in "goals-based mode," most all future numbers are wrong (fake), and when you're in "cash flow-based mode" most future numbers are correct (as they're going to get using code-based software).

Here's what they say about their tax modules: "Note: NaviPlan does not offer comprehensive tax planning, and the use of these methods should not replace professional tax-planning advice."

They get basic concepts wrong, as you can read from this paste from their users manual, "Asset allocation is the process of aligning the clients€™ risk tolerances, financial objectives, and time horizon with their investment portfolio.". That's just wrong on so many levels, I don't know where to start. The correct definition of asset allocation is here. On the same subject, their investment risk tolerance scoring tool is also too wrong in too many ways, that it shouldn't be used either.

There were no major improvements seen from V11x (other than major bug fixes, Peterson's college price database, new presentation tools, and a chart tweak). They say they've made, "A dozen improvements," so most of them must have been bug fixes (they don't list them).

Their tables, charts, and graphs are still primitive in the business, are missing dollar and other signs, and are basically the same ones recycled with different data over and over again. In Feb '14 a NaviPlan user told me, "They made another graph!" Like that was a miracle or something. I have yet to find it, so they probably just tweaked an existing graph.

So other than fixing some bugs and adding a new graph, presentation tools, and adding Peterson's database, v12.x is the same as older versions, just totally cloud-based, and much more expensive, with a two-year buying commitment.

Most all of their tables, charts, and graphs, can be made to look better and be more understandable by making a Word docx or Excel spreadsheet from scratch and plopping the numbers from real planning software into them. They're not formatted well, don't make much sense, and numbers are missing dollar signs. You can export them into Word to do this, but it's so cumbersome that if it was me, I'd just type better text and then insert much better tables, charts, and graphs from Excel, and paste them into Word.

Financial Planning Software Modules For Sale
(are listed below)

Financial Planning Software that's Fully-Integrated
(the IFP is the NaviPlan alternative for 1/6th the price)

Goals-Only "Financial Planning Software"
(the MoneyGuidePro alternative for 1% of their price)

Retirement Planning Software Menu: Something for Everyone
(the RWRs, RP, and SRP)

Comprehensive Asset Allocation Software

Model Portfolio Allocations with Historical Returns

Monthly-updated ETF and Mutual Fund Picks

DIY Investment Portfolio Benchmarking Program

Financial Planning Fact Finders for Financial Planners Gathering Data from Clients

Investment Policy Statement Software (IPS)

Life Insurance Calculator (AKA Capital Needs Analysis Software)

Bond Calculators for Duration, Convexity, YTM, Accretion, and Amortization

Investment Software for Comparing the 27 Most Popular Methods of Investing

Rental Real Estate Investing Software

Net Worth Calculator (Balance Sheet Maker) and 75-year Net Worth Projector

College Savings Calculator

Financial Seminar Covering Retirement Planning and Investment Management

Sales Tools for Financial Adviser Marketing

Personal Budget Software and 75-year Cash Flow Projector

TVM Financial Tools and Financial Calculators

Our Unique Financial Services
(are listed below)

We're Fee-only Money Managers: So you can hire us to manage your money, and/or financial advisers can hire us to manage client money, using our Model Portfolios and/or Asset Allocation Systems

Mr. Market Timer's Unique Market-neutral Stock Market Timing Services
(the hedge fund alternative)

Consulting Services: Hire Us to Make Your Financial Plan, Retirement Plan, Benchmarking Report, Whatever

Buy or Sell a Financial Planning Practice

Miscellaneous Pages of Interest
(are listed below)

Primer Tutorial to Learn the Basics of Financial Planning Software

About the Department of Labor's New Fiduciary Rules

Using Asset Allocation to Manage Money

Download Brokerage Data into Spreadsheets

How to Integrate Financial Planning Software Modules to Share Data

CRM and Portfolio Management Software

About Monte Carlo Simulators

About Efficient Frontier Portfolio Optimizers

Calculating Your Investment Risk Tolerance

About Discount Brokers for DIY Money Management

About 401(k) Plan Management

Financial Planner Features / Functions IFP: $500 NaviPlan: ~$2,500+ (with a two-year commitment)
Annual Update Prices $250 ~$2,500+ for one more year, minimum
Lifetime Subscriptions Available Yes No
Do You Have to Buy it for a Whole Year? No, you can pay a whole $2 to use it for one day Yes, you have to pay their whole annual cost to use it, even if you only need it for a week
Asset Allocator Module Yes, and comprehensive If you have the Ibbotson module, then yes, but primitive and very limited
Are You Spending Hundreds of Dollars Per Year in Software Licensing Fees to Feed a Small Army of Travelling Software Salespeople to Fly Around the World Schmoozing Advisers into Buying their Software (with lavish fine dining, gifts, freebies, and entertainment)? (If it says, "Yes" to the right, then their budgets for that are in the millions a year. YOU are paying for that, and it provides zero value to you in software features - all it does is add hundreds of dollars to their prices) No Yes
Number of Asset Classes their Asset Allocation Software Uses Unlimited Never saw more than 13 in their reports, then I didn't see how to change anything
Asset Account Draw-Down Analysis Tools Very Limited Comprehensive
Deals with Pre-retirement Annual Cash Flow Surpluses and Deficits (the very heart of the financial plan) Yes, with total control over which assets they flow in and out of annually, because it's 100% "cash flow-based" Yes, you can also set a surplus growth and deficit discount rate, like you should be able to
Integration with Other Financial Software and/or Ability to Download Account Holdings from Online Custodians Yes to both Yes, great integration with Albridge Solutions, dbCams, and Morningstar's Advisor Workstation. But I didn't see how to import brokerage account data into the plan
Ability to Get Detailed Annual Expenses, Incomes, and Income Goals at Retirement from other Software (like our Personal Budget & Cash Flow Projector) Yes No
Built-in Budgeting and Cash Flow Modules Yes, and comprehensive Yes, good, but limited control over odd cash flows
Accounts for Budgeting of Replacement Costs Yes, total control No, so you'd have to do that manually and input them as a new expense
Built-in College Planner Module Yes, and comprehensive Yes
Database of College Costs No, it's best to either look current costs up online, or call the college because of stale data No
Life Insurance Calculator Module Included Yes Yes
Ability to Project Life Insurance Needs into the Future Yes Somewhat, you can select one future year and it acts like the current year, but you cannot see a list of annual need values
Life Insurance Needs Module: Ability to Account for Replacing ALL Incomes, Set the Number of Years for it to be Replaced, the Percentage of it to be Replaced, then have a Unique Discount Rate Input for All Incomes Individually. Next, Ability to Choose Between Inputting Needs and Available Resources via Manual Input or Automatically (where numbers are internally generated from inside the financial plan) Yes to All No to All
Life Insurance Needs Module: Ability to have the Same Features and Functionality for Calculating the Client's Capital Needs if the Spouse Passes in Every Year Yes Somewhat, more limited than calculating the spouse's needs if the client passes
Ability to Easily Stop Life Insurance Policies (paying for premiums and face values), and/or Change Face Amounts (or premiums) in Any Year Yes Somewhat, with a lot more work
Number of Versions Unlimited, and you can see two at a time Several without making a new, unlimited if you make new plans
Ability to Easily Make a Proposed Plan from Current Plan Data Yes Yes
Ability to See ALL Inputted Data on One Page Yes No
Total Control Over Printing Yes No, but you can mail merge the PDFs into Word (and then Excel) for control
Ability to Perform Any and All Advanced "What-if" and Scenario Functions Yes No, better than most, but still very limited
Built-in Portfolio Optimizer No Yes
Monte Carlo Simulator Yes Yes
Monte Carlo Simulator on the College Planning Modules Yes Yes
Ability to Designate a Financial Plan as the Current or Proposed Version with One Click Yes, there all the time, no need to click Yes, always there so you don't have to click anything to see the Proposed plan (which they sometimes call "Recommended" and/or "Assumed")
Ability to See Both Current or Proposed Versions at the Same Time Yes Yes
Input Spouse's Data Separately Yes Yes
Designate an Asset Account as Belonging to Client or Spouse Yes Yes
Designate an Asset Account as Jointly Owned Yes Yes
Ability to Have Client and Spouse Retire in Different Years Yes Yes
Total Control Over Social Security Between the Two People Separately Yes Yes, somewhat, but you can't model survivor's benefits starting at age 60 (62 is the earliest age)
Ability to Change Social Security Income for Each Person Separately, AND in Every Year Yes Somewhat, very limited
Ability to Control the Social Security Tax Inclusion Rate in Every Year Yes, you can choose between 0%, 50%, or 85% in each year No
Ability to Set the Age Social Security Starts for Both People Separately Yes Yes, but you can't model survivor's benefits starting at age 60 (62 is the earliest age)
Ability to Stop Social Security at any Age to Model a Worst-case Scenario Yes Somewhat, with limitations
Ability to Include Any and All Sources of Annual Miscellaneous Expenses, in Addition to the Generic Annual Income Goal Yes, you can control every dollar in every year Yes, but limited
Ability to Set Social Security Inflation to be Different than the Overall Plan's Inflation Rate Yes, and it can be whatever you want in every year No, you're stuck using the plan's global inflation rate for Social Security
Ability to Include Any and All Sources of Annual Miscellaneous Incomes Yes, complete control over everything Yes, but limited (you can set up earned incomes and the like after retirement, with a COLA and ending year, but there's no controls other than that
Ability to Control Withdrawals Using IRS Age 70½ Required Minimum Distributions Yes Yes
Ability to Control Withdrawals Using IRS 72t Distributions Yes, all three methods Maybe, didn't see how to input it, so maybe not
Investment Account Payout Methods 9 Just a few, didn't see much of a selection other than "flexible" and RMD
Ability to Change Asset Payout Methods Midstream Yes Yes, but limited
Ability to Start and Stop Asset Withdrawals at Any Year Yes Yes, but limited
Ability to Start Asset Withdrawals After Retirement Has Begun Yes Yes, but limited
Ability to Start a New Asset at Any Year (even after retirement has started for anyone) Yes Yes, but limited
Ability to Set Asset Account Rate of Returns to be Whatever You Want in Any Year Yes Yes, but limited
Ability to Have Total Control Over How Much Asset Account Contributions are, and When They Start and Stop Annually Yes Yes, but limited
Ability to Control the Tax Rate in Every Year Yes No
Ability to Set a Tax Inclusion Rate on Each Asset Separately Yes No
Presentation Page (report) that Shows Each Non-asset and Asset's Estimated Withdrawal Taxes in Every Year Yes Somewhat, limited
Ability to Simulate Roth IRAs and Conversions Yes Yes
How Many Years the "Window" Is 75 80
Both Client and Spouse Can Have their Own Separate Income Goals, and they can be Whatever You Want in Every Year Yes, total complete control over both clients separately Somewhat, you can add "new goals" to the main income goal, but the main goal amounts cannot be tweaked. In the "Calculate Retirement Expenses" section, you input their combined income goals (not separate), then assign an overall inflation rate, then you can do little-to-nothing to it
Ability to See and Print All Miscellaneous Incomes and Expenses in Every Year Yes Yes
Displays the Present Value of Additional Capital Needed to Fund the Combined Income Goal Deficits in Every Year Yes No
Displays All Basic and Advanced Pertinent Retirement Planning Information Yes, much more relevant data displays than any other retirement planner No
Calculates and Displays How Much More Money is Needed to Reach the Retirement Goal as Monthly Payments Until Retirement Yes Yes
Calculates and Displays How Much More Money is Needed to Reach the Retirement Goal as a Current Lump Sum Yes Yes
Calculates and Displays How Much More Money is Needed to Reach the Retirement Goal as a Current Lump Sum in All Years Yes No
Allows You to Set a Unique Rate of Return on How Much More Money is Needed to Reach the Retirement Goal (AKA discount rate) Yes Yes
List All Assets with Pertinent Data (e.g., asset values, percentage this asset is of the whole, age when it becomes effective, contributions, payout ages, payout methods, rate of return assumed, and amount of income subject to taxes) Yes Yes but limited
Lists All Non-Asset Incomes with Annual Amounts, Ages When They Start, COLA Inflation rates, and if it's Taxable or Not Yes Yes but limited
Everything Everywhere Displays Year, Both Ages, and Year Numbers for Quick and Better Understanding Yes No, and reports usually are missing dollar and percent signs, and chart leader lines
Number of Asset Accounts Available 16 personal assets and 9 joint assets in each Current and Proposed version (for a total of 50 in each plan) Probably unlimited
Ability to Account for Fixed Assets Like Defined Benefit Pension Plans and Annuitized Annuities Yes Yes
Control Over Pensions Between the Two People Separately Yes Yes
Ability to Set a Survivor's Pension to Pay Out Reduced Benefit After Death Yes, with total control over annual amounts too Yes
Ability to Set an Annual COLA Rate for Fixed Assets Like Defined Benefit Pension Plans and Annuitized Annuities Yes Yes
Ability to Have Pensions and Other Assets Pay a Death Benefit to Cash Flow Yes, with total control over annual amounts too Yes
Displays the Amount of Annual Deficits When You'll Probably Run Out of Money Yes Somewhat, limited
Displays When You'll Probably Run Out of Money (AKA "Gap funding") Yes Yes
Displays Annual Percent of Annual Income Goal Being Met Yes No
Displays Balance of Available Capital in Every Year With Percentage Increase or Decrease from the Previous Year Yes No
Displays the Average Weighted Rate of Return on All Investment Assets Combined in Every Year Yes No
Displays the Present Value of Additional Capital Needed at Retirement in Every Year Yes No
Displays the Present Value of Additional Capital Needed at Retirement in the Current Year Yes No
Number of Informative Charts and Graphs You can See While Working Already Set Up Over 800 Around a dozen (that are recycled)
Ability to Make as Many New Charts and Graphs as You Want Yes No (only if you mail merge to Word and then do it in Excel, then back to Word)
Ability to Change Charts and Graphs Any Way You Like Yes No (only if you mail merge to Word and then do it in Excel, and then go back to editing in Word)
Detailed Chart of All Annual Miscellaneous Incomes and Expenses Yes Yes, but limited
Ability to Control Income Goal Inflation Rates Both Automatically and Also Set Them to be Whatever You Want in Every Year Yes No
Layers of Annual Inflation of Income Goals 5 1
Ability to Set the Ending Year so Numbers will Stop Showing to Reduce Clutter Yes No
Displays Each Person's Life Expectancy Age Using IRS Unisex Mortality Tables Yes Yes
Ability to Set Accounts to Liquidate at Death Yes, but you can only set them to not pay out, pay out 100%, immediately, starting at retirement, or at death. Then "Lifestyle" assets and real estate are even more limited. Their text: "...you cannot control the default order in which available accounts and assets are liquidated to cover estate needs." Yes, you can set any asset to pay out any percentage amount at any year for any reason for total control over all of this
Ability to Set a Life Expectancy Age Independently of the Calculated IRS Life Expectancy Age Using IRA Unisex Tables Yes Yes
Displays the Difference in Years Between the Inputted Life Expectancy Age and the Calculated IRS Life Expectancy Age Yes No
Displays Both the Number of Years and the Percentage of Retirement Years Where There's Both Sufficient and Insufficient Capital Yes No
Displays the Total Current Value of Assets and Total Current Annual Contributions Yes Yes
Displays All Sources of Income and Tells Where They're Coming from in Every Year Yes Yes
Ability to Set the Number of Trailing Zeros on Presentation Pages (so it won't show values down to the dollar if you don't want to see that much detail) Yes No
Input Validation and Detailed Error Messages to Tell You what You Did Wrong and How to Fix it Yes Yes, called Planning Assistant
Accounts for Any and All Types of Investment Assets, Including Rental Real Estate Yes Yes
Displays Detailed About How Much Retirement Income is Being Withdrawn from Each Asset Individually Yes Yes
Has "Flexible Assets" that Pay Out Retirement Income Like Life Does in the Real World (AKA "as needed") Yes Yes
Allows Inputting of Investment Assets Using the "Bucket Approach" (used by asset allocators and retirement planners that want to model scenarios like depleting non-qualified assets before tapping into qualified assets) Yes, including any and all overlaps Yes, using their Liquidation Strategies function (but overlapping payouts are only allowed with qualified assets in a very limited way using the "Add Redemption Strategy" feature). But not able to model tapping one asset class within a portfolio before others
Ability to Calculate Detailed Needs for Both Disability and Long Term Care Insurance Yes Yes
Ability to Calculate Disability Insurance Needs for Both Clients at the Same Time Yes No, you can only do one at a time
Asset Account Draw-Down Analysis Tools Very Limited Comprehensive
Deals with Technical Details of 401(k)'s - like Catch-Up and Matches Yes, you can integrate the IFP with the Most Functional 401(k) calculator No (maybe, didn't see it)
Ability to Turn Assets Providing Retirement Incomes On and Off Individually Yes Yes, using their "Transfers" function (but only in the Proposed version, not Current)
Displays How Much in Investment Assets are Needed to Fund Annual Income Goals After All Sources of Non-asset Incomes are Accounted For Yes No (maybe, the report was not done well enough to make it clear what's going on)
Displays Different Colors to Designate Between Client, Spouse, Both, and Data that Does Change With Input, and Not Yes No
Comes With a Detailed Fact Finders for Gathering Data From Clients Yes, comprehensive Yes, good and only ours is better. Their Ibbotson Investment Risk Tolerance Calculator seems to only use 13 questions, which is insufficient. The rest of their Fact Finders are okay to good
Comes With a Free Effective / Average Tax Bracket Calculator to Help Determine Inputted Tax Rates Yes No
Displays All Years of Information Automatically Yes Yes
Complete User's Manual with Detailed Directions on How to Do Everything Yes, including a list of Real World options if you run out of money too early, and much more valuable retirement planning information) No, online help screens (Planning Assistant), video tutorials, and big on DIY and formal pay training classes
Phone and/or E-mail Support Yes, but for more money, but it's rarely needed because there's little-to-no bugs and the directions are more than sufficient - few people e-mail or call for support anymore these days Yes
Platform Excel Based (making it extremely stable, inexpensive because uber-expensive code programmers don't need to be employed, bug free, will always work on any computer (Mac or PC) with Excel, any and all operating systems, and rarely needs of any kind of updating) Cloud-based
Transparency Total, all data flows logically from left to right as if you were reading, then you can use Excel or a hand calculator to verify all numbers so you easily can trace EVERYTHING back to your input. No secrets, no surprises, no mysteries, just awesome data None
Ability to Save Individual Client Files as a Unique File Name (so you can back them up onto your physical computer, so you can access old client input data even years after you let the software expire) Yes, it's just a spreadsheet, so you have total control over saving client files. Not only that, you'll always have your client input data even when programs expire. Then you can just copy and paste it into the new version if you update, or use it to input into other programs No, it's all cloud-based
Tax Software Included (software that will calculate taxes due, like TurboTax, or in reality, just estimate the current year's taxes due) No Yes, the best in the biz, other than stand-alone programs like TurboTax
Cost Benefit Ratio Feature Yes, unique to the IFP No
Number of Computers One "Copy" Will Run On Unlimited, just spreadsheets you can use on any computer with Excel 2007 or later installed 1 (n/a, cloud-based)
Modular Too Yes, not only can you just input minimum data to run a simple modular report (e.g., college, life insurance needs, or net worth), but if you buy the IFP and then want just the stand-alone module, then you'll probably just get it for free by asking. For example, all fields with an asterisk need to be input into a NaviPlan before it will work. You could have completed a simple modular plan in the time it takes to do that No, it's just one big program, so you'll need to buy and input more than what's needed if you want to run a quick simple modular report
Ability to "Go Back in Time" (to input a plan, to see how things worked out in the current or a past year) No Yes
Accuracy of Numbers Extreme, the best you can get anywhere Very good, only the IFP is better
Dangerous Installation Procedure that May Wipe Out Windows (DLL) Files if They Screw Up (making a reload of Windows needed, which is more work than having to buy a whole new computer. Yes this kind of thing happens all the time with code - e.g., ExecPlan's free demo in '08) No No (cloud-based)

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