Average Ratings

6 Reviews

  • 4.5 / 5
    Overall

  • 4.5 / 5
    Ease of Use

  • 4.5 / 5
    Customer Service

Product Details

  • Starting Price
    $103.00/month
  • Pricing Details
    STANDARD: 140 AUD/mo for one user 40 AUD/mo for each additional user
  • Deployment
    Installed - Windows
  • Support
    Business Hours

Vendor Details

  • Castaway
  • www.castawayforecasting.com
  • Founded 2004
  • Australia

About Castaway

Castaway is a powerful financial software modeller providing multi-year integrated financial forecasts of P & L, Balance Sheet, Cashflow, Funds Flow and Ratios & Statistics. Actuals can be entered against forecasted data, producing variance reports and making re-forecasting easier. Designed with accountants in mind, Castaway has a wealth of features to help you produce forecasts in the format you need.


Castaway Features

  • "What If" Scenarios
  • Asset Planning
  • Balance Sheet
  • Cash Management
  • Consolidation/Roll-Up
  • Forecasting
  • General Ledger
  • Multi-Company
  • Multi-Department/Project
  • Profit/Loss Statement
  • Version Control

Castaway Reviews Recently Reviewed!


Castaway Forecasting Software - Finally!

Mar 05, 2019
5/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: Castaway really is powerful enough for my complex client companies and, yet, I have small shop and cafe clients as well and it is perfect

I am able to have conversations with my clients about their future. My clients are all CEOs of various-sized companies. This leads to longer-term assignments and happy customers

You can create simple models or complex models

The new dashboards are incredible and flexible and beautiful!

I wish I had have had this product when I first started my accounting practice

Cons: Some of my clients want daily cashflow. Castaway don't do this. I spoke to them about it and they said I'd have to analyse all my invoices on a daily basis, which is too hard and time-consuming anyway. In fact, the Castaway consultants taught me a few things about choosing daily/ weekly/ monthly forecasting.

Overall: Everything from purchasing the software to implementation to support/ advice and sometimes model reviews for my own client work, is professional and I couldn't recommend these guys more. There is no better tool for small to medium businesses and it is the main tool I use in my accounting firm

The backbone of a great business advisory practice

Mar 19, 2019
5/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: The amazing flexibility this software offers, the level of detail and the power of the engine.

Cons: There are a couple of extra reports we would like but the software is updated regularly and support responds to user requests.

Overall: This software is the backbone of our business advisory practice. Our firm has been using it for 7+ years and we have licenses for all of our accounting staff. The level of detail it allows in financial models is unmatched in the industry as far as we are aware. The product support and training is also second to none in our experience.

The best 3 way modelling software on the market

Mar 25, 2019
5/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: Castaway allows you to choose your own adventure - you can model every single line item in intricate detail, or you can choose to select the big ticket items and model them roughly at a high level. Castaway can be used in every assignment where a model is required. Its application is only limited to your imagination. It should be the cornerstone software of any advisory practice.

Cons: None - with the excel integration function Castaway now links to any software I need it to and the setup of the chart of accounts can be done in minutes.

Overall: The licensing process is super easy, the support team are prompt and helpful and the training available is incredibly comprehensive.

Banks Just Love It

Apr 12, 2019
5/5
Overall

4 / 5
Ease of Use

4 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money
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Pros: The improved speed & functionality of data entry.

Cons: A quantum change that takes too long to negotiate yourself, so your better off booking a training day to update.

Even if you consider yourself to be an advanced user , I would recommend that you go to the introductory course to navigate your way through the upgraded version functionality.

Overall: I have been using Castaway & its predecessors for the last 20 odd years & can say with some experience that

If your preparing finance applications for your clients or your business, there is no better software to use.

A very expensive Excel spreadsheet

Aug 02, 2016
1/5
Overall

2 / 5
Ease of Use

2 / 5
Features & Functionality

1 / 5
Customer Support

1 / 5
Value for Money
Likelihood to Recommend: 1.0/10 Not
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Pros: None as I stopped using it and have already built my own spreadsheet, it is far easier to use and more powerful than this clunky software.

Cons: License agreement is a con as the people on the phone tell you one thing and then do another. My suggestion to anyone who is thinking of buying this product is stop immediately as this is nothing more than an over priced excel spreadsheet with horrible arrogant support.

Overall: I used the software and found that it was nothing more than an extremely expensive excel spreadsheet that was difficult to use, not very intuitive and clunky to use. I no longer use the software and strongly recommend that people do not buy this software as it is just an excel spreadsheet backed by arrogant support who say one thing and then do another.

Recommendations to other buyers: Don't buy it, save your money and develop your own excel spreadsheet.

Integrated 3-way financial modelling tool

Apr 01, 2019
5/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money
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Pros: It simply works in a flowless and intuitive way. The price point is fair and reasonable and the team is great to deal with.

Cons: I don't think there are any... nothing comes to mind anyway.

Overall: It has been a game changer for us, rather than relying on classic spaghetti MS excel modelling and programming.