ai tools for business planning

Create Your Business Plan in Minutes

15,000+ clients

Business Plans Generated

Avg. Generation Time

Countries Supported

How it Works

Start With Your Idea

Craft Your Vision: Jumpstart your business journey with a brief description of your business. Acknowledge your business type and let us seamlessly transform it into a meticulously structured plan.

Series Of Guided Questions

Easily navigate through each section with Plannit's step-by-step guidance. Enter your own detailed solutions or leverage with AI-generated content and receive helpful prompts and ideas along the way. Plannit's AI capabilities provide insightful and precise content for market analysis, financial projections, marketing strategies, sales plan and more.

Collaborate With Your Partners

Bring your team over! PlannitAI provides a dedicated space where you can invite team members to view, shape and refine your online business plan. With or without the help of our AI model You can reword, rephrase, prolong and shorten sections to your liking. Collaborate in real-time to ensure your business strategy benefits from diverse insights and expertise, leading to a well-rounded and robust plan.

Present With Confidence

With a polished, expertly crafted plan in hand, You have already won half the battle. Confidently present business strategy to investors, stakeholders, or financial institutions.ć Start your journey with Plannit AI and transform your vision into a reality, creating a pathway for that entrepreneur life.

Try Plannit AI Today

Who can benefit from plannit.

Aspiring Entrepreneurs

Analyze your ventures through extensive business plans aligned with your vision and goals.

Business Owners

Back your business with a solid plan that aligns with your objectives. Perfect for small businesses.

Educational Institutions

Develop your business understanding and vocabulary by analyzing your business idea and creating a plan.

Startups Accelerators

Work alongside your founders as they build their plan to ensure they have a solid roadmap for scalability.

Funding Ready Business Plan

Executive summary, company overview.

Problem Statement

Business Description

Mission Statement

Business Model

Products and Services

Additional Features

Revenue Model

Market Analysis

Target Market

Market Size and Segments

Unique Value Proposition

Risks and Mitigations

Identified Risks

Mitigation Strategies

Financial Overview

Income Statement

Marketing and Sales Plan

Focus On Your Vision

Language support.

Key Features & Benefits

Ai editing companion.

Modify and regenerate sections of your business plan using premade or custom prompts. Our AI will help you refine your plan to perfection.

Multi-User Collaboration

Invite team members with easy sharing to collaborate on your business plan in real-time. Communicate and make changes together. Collaborate with your partners in real-time as you perfect your plan.

Education Center

Immerse yourself in a rich library of articles, tools, templates, webinars and resources for continuous business and professional growth. Learn all about the key aspects of starting, running and growing a business.

Powered by Chat GPT

Our algorithms are powered the latest in AI technology to ensure the most accurate and relevant output. We use OpenAI's GPT 4o and 4o-mini engines for the perfect blend of accuracy and speed.

Business Resources

We recommend a variety of useful tools and resurces that help sustain your growth. We only recommend the best in the business. Filter your needs and equip yourself with the best tools.

Your plan in your language. We offer a choice of over 150 worldwide languages to ensure the best fit for your business plan.

Financial Projections

Take an additional questionnaire about your financial trajectory and get a detailed financial projection + 3 year income statement for your business.

Tools and Templates

Plannit's comprehensive suite that accompany business planning. From pitch decks to financial models, we have you covered.

Plan Export

Download your business plan in an editable .docx format. Fully edit & share your plan with investors, partners, and stakeholders.

Plannit Business Ecosystem

Frequently Asked Questions (FAQ)

• Initiate with Your Business Concept: Lay the Groundwork: Start by introducing your business idea into Plannit AI's Business Plan Generator. This first step is crucial, as it sets the tone for a tailored, insightful business plan that truly resonates with your vision. Capture the Essence: Our platform is designed to grasp the nuances of your concept, ensuring that the generated plan accurately reflects the core and potential of your business.
• Navigate Through the AI-Guided Questionnaire: Tailored Interactive Experience: Plannit AI’s AI-guided questionnaire is your interactive guide through the planning process. It meticulously gathers information about your business's objectives, strategies, and market positioning, ensuring a comprehensive and reflective plan. Intelligent Feedback and Suggestions: As you progress through the questionnaire, benefit from smart prompts and suggestions, ensuring that your plan is not just detailed but also strategically sound and aligned with industry standards.
• Generate Your Plan with Advanced AI: Intuitive Plan Creation: With the questionnaire complete, Plannit AI's advanced algorithms intelligently analyze your responses. They then craft a detailed, customizable, and strategically aligned business plan, providing you with a structured, coherent, and actionable format. Benefit from AI-Powered Insights: Plannit AI offers AI-driven insights and suggestions, ensuring your plan is not just a document but a strategic tool equipped with tailored AI prompts and an in-app plan editor. Get inspired by browsing through our sample business plans, a collection of successful strategies across various industries.
• Finalize Your Plan with Confidence: Dynamic Adaptation and Refinement: Plannit AI recognizes that a business plan is a living document. Our platform allows for continuous adaptation and refinement, ensuring your strategy remains agile, relevant, and aligned with your evolving business goals. Professional Presentation and Sharing: Once your plan meets your standards, utilize Plannit AI's export features to present your plan professionally. Choose between various formats for exporting your business plan, ready to impress stakeholders, attract investors, or guide your team. Review and Adapt: Ensure your business plan is a living document, ready to evolve with your growing business. Plannit AI's dynamic platform allows you to adapt your strategy as new opportunities or challenges arise.
• Roadmap for Success: At its core, a business plan acts as a strategic guide, providing detailed steps on how your business will achieve its objectives. It helps you navigate the startup phase, manage growth effectively, and tackle unforeseen challenges with a well-thought-out strategy.
• Securing Funding: For startups and businesses looking to expand, a business plan is crucial for securing loans or attracting investors. It demonstrates to potential financial backers that your business has a clear vision, a solid strategy for profitability, and a plan for delivering returns on their investment.
• Informed Decision-Making: A well-prepared business plan offers valuable insights into your market, competition, and potential challenges. This information is vital for making informed decisions, from day-to-day operations to long-term strategic shifts.
• Market Analysis and Strategy: It allows you to conduct an in-depth analysis of your target market, understand customer needs, and position your product or service effectively. The marketing strategy outlined in your business plan helps in identifying the best channels and tactics to reach your audience and achieve market penetration.
• Financial Planning: One of the most critical components of a business plan is the financial forecast. It outlines your funding requirements, expected revenue, profit margins, and cash flow projections. This section is essential for budgeting, financial management, and ensuring the financial viability of your business.
• Goal Setting and Performance Measurement: A business plan sets clear, measurable goals and objectives. It provides a framework for monitoring performance, measuring success, and making necessary adjustments to stay on track.
• Aspiring Entrepreneurs: If you're at the idea stage, looking to transform your vision into a viable business, Plannit AI offers the tools and guidance to bring your concept to life. Our platform helps you articulate your business idea, define your target market, and develop a solid plan to turn your dream into reality.
• Students and Educators: For students delving into the intricacies of business planning and educators teaching the fundamentals of entrepreneurship, Plannit AI serves as an invaluable resource. It provides a practical, hands-on tool for learning and teaching how to create detailed business plans, analyze markets, and understand financials in a real-world context.
• Startup Founders: In the dynamic startup environment, Plannit AI is the ideal partner for founders looking to pivot quickly, secure funding, or understand their competitive landscape. With our AI-driven insights and market analysis tools, startups can make informed decisions and adapt their strategies to thrive in competitive markets.
• Small Business Owners: For small business owners seeking to optimize their operations, expand their customer base, or explore new markets, Plannit AI offers targeted solutions. Our platform simplifies the planning process, enabling owners to focus on growth while managing the day-to-day challenges of running their business.
• Consultants and Freelancers: Consultants and freelancers specializing in business development, strategic planning, or financial advising will find Plannit AI a powerful addition to their toolkit. It allows them to provide clients with comprehensive, data-driven business plans and strategies, enhancing the value of their services.
• Non-Profit Organizations: Leaders of non-profit organizations can leverage Plannit AI to plan initiatives, secure funding, and manage resources more efficiently. Our platform helps non-profits articulate their mission, set achievable goals, and measure their impact, ensuring they can make a difference in their communities.
• Innovators and Inventors: Individuals looking to commercialize innovative products or technologies can use Plannit AI to navigate the complexities of bringing new ideas to market. From patent strategies to go-to-market plans, our platform covers all bases, ensuring innovators can focus on what they do best.
• Small Business Development Centers (SBDCs) and Government Agencies: Government and SBA backed entities can greatly benefit from integrating Plannit AI into their services, enhancing their ability to support a larger number of clients more efficiently. By facilitating quicker, more in-depth business plan development, these organizations can spend more time assisting with plan execution and less time on creation, ultimately serving their communities more effectively.
• Anyone with a Business Idea: Ultimately, Plannit AI is for anyone with a business idea, regardless of industry, experience, or stage of business development. Our mission is to democratize business planning, making it accessible, understandable, and actionable for everyone.
• Interactive Questionnaire and ChatGPT Integration: Plannit AI transforms the business planning process into an engaging conversation. Through our advanced ChatGPT integration, we offer a questionnaire that dynamically adapts to your responses, ensuring your plan is personalized, comprehensive, and aligned with your business goals.
• Dynamic Planning Environment: Unlike static templates provided by many, Plannit AI introduces a living platform that grows with your business. It features real-time updates, strategic insights, and a feedback mechanism that keeps your business plan current and actionable.
• Extensive Educational Resources: Our Education Center is packed with articles, guides, and sample plans to bolster your planning process. It's designed to arm you with the knowledge to navigate the complexities of your industry confidently.
• Enhanced Collaboration and Customization: Recognizing the collaborative essence of business planning, Plannit AI supports team efforts with multi-user editing, annotations, and feedback features, ensuring a comprehensive approach to your strategy.
• Customer Success Stories: Our users' achievements are a testament to Plannit AI's effectiveness. These success stories illustrate how diverse businesses have utilized our platform for strategic planning and growth.
• Tailored Business Plan Creation: Our platform stands out with its tailored approach, featuring customizable templates that directly cater to your business type and industry, making plan creation straightforward and relevant.
• Content Generation:: ChatGPT helps draft various sections of a business plan, from executive summaries to marketing strategies, by providing structured and coherent text based on the prompts given.
• Strategic Insights: It can offer suggestions on business strategies by analyzing trends and providing examples from a wide range of industries.
• Financial Planning: While it can't replace professional financial advice, ChatGPT can guide the structure of financial projections and statements, helping you consider important financial aspects of your plan.

Privacy & Security

Rest assured, we never share your data with third parties. Your privacy is our top priority, and we're committed to keeping your information safe and confidential.

Take The First Step Towards Success

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Unite.AI is committed to rigorous editorial standards. We may receive compensation when you click on links to products we review. Please view our affiliate disclosure .

Table Of Contents

In today's fast-paced business world, having a well-crafted business plan is essential for securing funding, guiding decision-making, and charting a course for success. However, creating a comprehensive and persuasive business plan can be a daunting task, especially for entrepreneurs and small business owners who may not have extensive experience in this area. Fortunately, the rise of AI tools has improved the creative process, making it more accessible, efficient, and effective than ever before.

We will explore the top AI business plan generators that can help you create a winning plan for your venture.

1. Upmetrics

Upmetrics is an AI-powered business plan tool that guides individuals and small businesses through the process of writing a top-notch business plan. With its user-friendly platform and step-by-step guidance, Upmetrics makes it easy for anyone to create a professional-quality plan, regardless of their level of business expertise.

The tool offers a wide range of features, including 400+ business plan samples, AI-assisted writing, and financial forecasting up to 7 years. Upmetrics also provides an AI-generated pitch deck feature, allowing users to create a compelling presentation in less than an hour. The platform's flexibility and adaptability make it suitable for various industries, from tech startups to retail stores and service businesses.

Key features of Upmetrics:

• 400+ business plan samples
• AI-generated business plans (Entirely AI-generated)
• Financial forecasting up to 7 years
• AI to create pitch deck in less than an hour
• Free guides and educational resources
• Real-time cloud storage
• Easy collaboration and sharing option

Visit Upmetrics →

Plus AI is an AI-powered tool that specializes in creating professional, well-designed presentations, making it an ideal choice for crafting business plans. The platform integrates seamlessly with Google Slides, allowing users to access built-in editing and collaboration features.

With Plus AI, users can generate a comprehensive business plan outline based on a brief description of their business, which can then be easily edited and rearranged to suit their specific needs. Plus AI offers the flexibility to generate slides one at a time or create an entire presentation in a single step, making it a versatile tool for businesses of all sizes. The platform also provides a free trial, allowing users to explore its features before committing to a paid plan.

Key features of Plus AI:

• Direct integration with Google Slides for easy editing and collaboration
• Customizable slides that can be edited, revised, and themed after generating a first draft
• Slide-by-slide or full presentation generation options
• Free trial available for users to try Plus AI before committing to a paid plan

Use discount code: UNITEAI10 to claim a 10% discount .

Read Review →

Visit Plus AI →

3. Storydoc

Storydoc is an AI-powered business plan generator that simplifies the creation of interactive and persuasive business plans, without requiring any design skills. The platform offers a user-friendly interface with a wide selection of interactive slides tailored for startups and new businesses, which can be easily customized to align with the user's vision and requirements.

Storydoc's AI Presentation Designer creates scroll-based, web-friendly, and mobile-optimized presentations, complete with performance analytics. The platform also ensures the security and privacy of user data, adhering to stringent security protocols and industry best practices. With Storydoc, users can create engaging presentations that capture the attention of investors and stakeholders.

Key features of Storydoc:

• AI Business Plan Presentation Designer for scroll-based, web-friendly, and mobile-optimized presentations
• Secure and reliable platform that ensures the security and privacy of user data
• Interactive slides that can be customized to align with the user's presentation vision and requirements
• Mobile-optimized presentations that look great on any device
• Integrations with Calendly, Loom, YouTube, Typeform, and more for added functionality

Visit Storydoc →

4. 15minuteplan

15minuteplan

15minuteplan.ai is an AI-powered generator that streamlines the creation process, allowing entrepreneurs and small to medium-sized enterprises (SMEs) to produce effective documents in just 15 minutes. Designed to make business planning universally accessible, the platform caters to users of all levels of business or writing experience.

With its advanced AI algorithms, 15minuteplan generates comprehensive, up-to-date plans based on the latest market trends and best practices. The platform also features a unique ‘Talk To Plan' functionality, enabling users to dictate specific changes or additions, which are then seamlessly integrated by the AI. Additionally, 15minuteplan supports various languages, making it accessible to users worldwide.

Key features of 15minuteplan:

• AI Creation based on the latest market trends and business best practices
• Talk To Plan functionality for easy dictation of changes or additions
• Multilingual support for 10+ languages, with more being added continuously
• User-friendly interface for inputting essential business information
• Downloadable Word document for easy sharing and modification

Visit 15minuteplan →

5. Notion AI

Notion AI is an AI-powered tool in Notion that simplifies the creation of comprehensive business plans, emphasizing an organized and structured approach to business strategizing. The platform offers a wide range of features designed to streamline the business planning process, including AI-driven content generation, rewriting, shortening, expansion, and tone adjustment.

Notion AI seamlessly integrates with the Notion platform, allowing users to access features such as database creation, organization, and management, as well as collaboration and sharing options. With Notion AI, users can create tailored content that aligns with their business objectives and voice, while significantly reducing their workload in crafting compelling narratives that secure buy-in from investors and stakeholders.

Key features of Notion AI:

• AI-driven content generation, rewriting, shortening, expansion, and tone adjustment
• Integration with Notion for database creation, organization, and management
• Collaboration and sharing features for inviting team members and stakeholders
• Real-time cloud storage for secure and accessible data
• Streamlined business planning process for crafting compelling narratives

Visit Notion AI →

6. Beautiful AI

Beautiful AI

Beautiful AI is an AI-powered presentation software that enables users to create stunning business presentations and plans in no time, without requiring any design skills. With this platform, users simply need to add text, and Beautiful AI will transform the content into elegant presentation slides, eliminating the need for manual image resizing or content placement.

The business plan template can be accessed by logging in, and users will be prompted to fill out a few key details about their business. Beautiful AI offers a wide range of features, including 65+ smart slide templates, custom presentation themes for brand consistency, and hundreds of customizable starter templates, ensuring that users never have to start a presentation or business plan from scratch.

Key features of Beautiful AI:

• 65+ smart slide templates with pre-designed slide galleries
• Brand consistency with custom presentation themes
• Hundreds of customizable starter templates
• Designerbot for creating first drafts based on user requirements
• Effortless content transformation into elegant presentation slides

Visit Beautiful AI →

7. Wordkraft AI

Wordkraft AI is an AI-powered web application that generates optimized, authentic, and high-quality content for various needs. Utilizing the powerful large language model GPT-3.5, Wordkraft AI specializes in creating content tailored to specific requirements, including professional and well-organized business plans. This tool helps users efficiently develop strategic documents that meet their unique business goals.

The platform offers a template that can be used to create a draft by providing essential details about the business. Wordkraft AI's AI capabilities assist users in creating content that aligns with their business objectives and voice, while also supporting collaboration and sharing features. With real-time cloud storage and seamless integration with the Wordkraft platform, Wordkraft AI is a valuable asset for business planning and presentations.

Key features of Wordkraft AI:

• Integration with Wordkraft for database creation, organization, and management
• A template for creating drafts by providing essential business details

Visit Wordkraft AI →

Bit AI is an AI-powered platform designed to enhance the creation of interactive and collaborative strategic documents. It features powerful wikis and AI writing tools that help in crafting well-structured and engaging content. With Bit AI, users can produce visually appealing and informative documents that effectively communicate their strategic vision.

The platform supports real-time collaboration, allowing team members to work together seamlessly on documents and incorporate feedback efficiently. Bit AI also ensures that documents are fully responsive, adapting to different devices for optimal accessibility and readability. Moreover, users have the option to create private documents, enhancing data privacy and security.

Key features of Bit AI:

• Interactive and collaborative business plans for fostering teamwork and creativity
• AI writer features for crafting clear and coherent content
• Real-time collaboration for seamless teamwork and feedback integration
• Fully responsive documents that adapt to different devices
• Private document sharing for data privacy and security

Visit Bit AI →

9. Simplified

Simplified is an all-in-one AI-powered platform that offers a comprehensive solution for managing marketing efforts and crafting engaging content, along with a unique feature for creating a business plan. The platform's AI Business Plan Generator is designed to assist entrepreneurs and small business owners in rapidly producing professional and detailed strategic documents.

With its advanced AI capabilities, Simplified provides accurate growth forecasts and investment strategies, enabling users to make well-informed decisions for their ventures. The platform offers customization options to ensure that the final output aligns with the user's vision and goals. Additionally, it supports collaboration, allowing team members to contribute effectively to the document. Integrated marketing tools further establish Simplified as a versatile solution for both strategic planning and marketing needs.

Key features of Simplified:

• Efficient business planning with a professional and comprehensive plan created in just a few clicks
• Accurate growth forecasts and investment strategies provided by AI capabilities
• Customization options to align the business plan with the user's vision and goals
• Collaboration features for working with team members on a comprehensive and accurate plan
• Integrated marketing tools for a cohesive and effective marketing strategy

Visit Simplified →

Creating the Best Business Plans with AI

The rise of AI-powered business plan generators has changed the way entrepreneurs and small business owners approach the crucial task of planning for their ventures' success. By leveraging the top 10 AI generators discussed in this blog post, users can streamline the creation process, ensure professional-quality plans, and access valuable insights and forecasts.

From Upmetrics' user-friendly platform and step-by-step guidance to Simplified's all-in-one solution for business planning and marketing, these AI-powered tools cater to the diverse needs of businesses across various industries. By harnessing the power of AI, entrepreneurs can save time, effort, and resources while creating compelling and persuasive plans that attract investors and guide their decision-making processes.

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Alex McFarland is an AI journalist and writer exploring the latest developments in artificial intelligence. He has collaborated with numerous AI startups and publications worldwide.

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AI Business Plan Generator for Crafting beautiful designs

• Write a prompt to generate a first draft business plan.
• Pick a style first and the Visme AI Business Plan will generate the text and visual graphics.
• Add customization to any section of your business plan and share as a FlipBook document.

Generate business plan with AI

Brought to you by Visme

A leading visual communication platform empowering 27,500,000 users and top brands.

Business Plans Created With Visme’s AI Business Plan Generator

Ai business plan prompt 1.

Develop a comprehensive business plan for a charity, outlining initiatives and fundraising strategies to support community causes.

AI Business Plan Prompt 2

Create a business plan for a travel agency, highlighting services, target markets, and marketing strategies for growth.

AI Business Plan Prompt 3

Draft a business plan for a wellness center, emphasizing services, client acquisition, and revenue projections.

AI Business Plan Prompt 4

Prepare a business plan for an educational institute, focusing on curriculum, marketing, and student enrollment strategies.

How it works

How to generate AI business plans with Visme

Save time and create eye-catching business plans quickly with Visme AI Designer. Input text prompts for the AI generator right inside the Visme template library. Generate stunning ready-to-go business plans quickly.

• First, log in to your Visme dashboard. Then, access the business plan template section by clicking on Create New -> Project -> Documents -> Business Plan. On the results page, scroll down and choose the “Generate with AI” option.
• A popup will appear where you must type in a prompt describing your business plan in detail. Explain your brand voice and tone in the prompt and ask the AI to include certain aspects you want the business plan to feature.
• Visme Chatbot will propose suitable styles. Choose the one that matches your business plan’s visual strategy, then let AI create the first draft content and design. Preview and edit your AI-generated business plan, or generate again.
• Visme lets you customize your project from end to end. First, choose a color theme, then adjust the text, or add photos, videos and graphics from Visme’s free assets gallery. Create new and unique visuals with Visme AI tools.

Other types of documents you can create with Visme AI Business Plan Generator

AI Business proposals

AI Newsletters

AI One-Pagers

AI Magazines

AI Training Manuals

AI Marketing Playbooks

AI Press Releases

AI Sales Playbooks

AI Whitepapers

AI Catalogs

Features of the ai business plan generator, ready-to-go business plans in seconds.

Visme’s free AI business plan maker produces results in just seconds. From a detailed text prompt, the generator offers a first draft business plan that’s ready to go with customization. It gives you a head start and saves lots of precious time you can invest in other aspects of your business.

Customize every part of your business plan

Customization and personalization with Visme is easy and user friendly. The app provides a range of options like altering the color theme, modifying text and fonts, inserting images, videos and graphics from the Visme royalty free asset gallery. Create and customize new visuals with other Visme AI tools.

Distinguish your business plans with interactivity and data visualization

Visme offers plenty of interactivity options for your business plan. Present your plan using a flipbook effect, add animation to text, graphics, shapes or objects in your design. For data heavy plans, Visme has a selection of over 60 graphs, charts and data widget to display information visually. Additionally, use diagrams, roadmaps and timelines to show other types of information.

Add your branding

Maintain your brand's integrity effortlessly even when working with AI-generated business plans. Set up your brand kit using AI-powered Visme Brand Wizard or manually. Incorporate your brand's color scheme, font pairing, logo design and other brand assets to ensure everything aligns with your company's branding.

Share online, privately or download

Present and share your business plans generated with Visme AI Designer using a flipbook effect to stand out from the crowd. Alternatively, you can download them in various formats, including PDF, share on social media or schedule them to be published as posts on your social media channels. Additionally, you can share your business plans as private projects with a password entry.

More than just an AI Business Plan Generator

Beautify your content

Unique Elements & Graphics

Browse through our library of customizable, one-of-a-kind graphics, widgets and design assets like icons, shapes, illustrations and more to accompany your AI-generated documents.

Stay Up-To-Date

Tables & Dynamic Fields

Add user-friendly tables to your docs and connect them to live data or add variables, Dynamic Fields, to keep your plans up-to-date.

Make it engaging

Interactivity

Share AI-generated business plans online with animated and interactive elements to grab your audience’s attention and promote your business.

More AI tools in Visme

Ai image generator.

The Visme AI Image generator will automatically create any image or graphic. All you need to do is write a prompt and let AI magic do the rest.

Visme AI Writer helps you write, proofread, summarize and tone switch any type of text. If you’re missing content for a project, let AI Writer help you generate it.

AI Text-to-Speech Generator

Convert text to speech with the AI Text-to-Speech generator. Input copy, select from 6 voices. Language detection and audio generation are automatic.

AI TouchUp Tools

The Visme AI TouchUp Tools are a set of four image editing features that will help you change the appearance of your images inside any Visme project. Erase and replace objects that you don’t want in your photos.

Save yourself hours of work with AI Resize. This feature resizes your project canvas and adjusts all content to fit the new size within seconds.

The Brand Wizard

The AI-based Visme Brand Wizard populates your brand fonts and styles across a beautiful set of templates.

Make the most of Visme's features

Choose the perfect visual from our extensive photo and video library . Search and find the ideal image or video using keywords relevant to the project. Drag and drop in your project and adjust as needed.

Incorporate 3D illustrations and icons into all sorts of content types to create amazing content for your business communication strategies. You won’t see these 3D designs anywhere else as they’re made by Visme designers.

When you share your Visme projects, they’ll display with a flipbook effect . Viewers can go from page to page by flipping the page like a digital magazine. If you don’t want the flipbook effect, you can disable it and share as a standard project.

Remove the background from an image to create a cutout and layer it over something else, maybe an AI-generated background. Erase elements of the image and swap them for other objects with AI-powered Erase & Replace feature.

Create scroll-stopping video and animation posts for social media and email communication. Embed projects with video and animation into your website landing page or create digital documents with multimedia resources.

With Visme, you can make, create and design hundreds of content types . We have templates for digital documents, infographics, social media graphics, posters, banners, wireframes, whiteboards, flowcharts.

Design and brainstorm collaboratively with your team on the Visme whiteboard . Build mind maps and flowcharts easily during online planning and strategy sessions. Save whiteboards as meeting minutes and ongoing notes for projects.

Edit your images , photos, and AI image-generated graphics with our integrated editing tools. On top of the regular editing features like saturation and blur, we have 3 AI-based editing features. With these tools, you can unblur an image, expand it without losing quality and erase an object from it.

Who can benefit by using our AI Business Plan Generator?

Entrepreneurs.

• Craft ready-to-use business plans to outline your vision and strategies
• Generate and design sections for financial forecasts and market analysis
• Customize every aspect of the business plan to match your company branding

Small Business Owners

• Design polished professional business plans without any design skills
• Add images, videos, and icons that best represent your brand
• Fast-track your business plan writing process with a premade template
• Reduce the time it takes to create a business plan with AI
• Customize sections to add all the necessary details to your plan
• Impress investors with a professionally designed business plan

Consultants

• Generate business plans focused on strategic recommendations
• Customize your business with ways to expand your consultation business
• Include your brand colors, text and icons to maintain brand consistency

Non-Profits

• Draft business plans that outline mission, fundraising, and impact goals
• Get inspired by professionally designed business plan templates
• Create detailed sections to showcase why readers should invest in your company

Franchise Owners

• Create a business plan customized towards franchise and operational goals
• Add sections for marketing strategies specific to franchise expansion and new management
• Generate multiple business plans for different types of investors and VCs

Frequently Asked Questions (FAQs)

How can i get better results with the ai business plan generator.

Like any AI generator that depends on a text prompt, the prompt is everything. To get better results with the AI Business Plan maker, you need better prompts. Write the prompt to be as detailed as possible. Include all the content topics you want the business plan to cover. As for style elements, there’s no need to include them in the prompt. Focus on choosing the style that you like from the Chatbot suggestions. Try to select the style that already features the color palette and shapes that you like. AI will change icons and photos based on text it generates.

How many AI business plans can I generate?

Visme AI Business Plan Writer is available in all plans with higher credits/usage available in Premium plans. Note: AI credits are spread amongst all AI features. So if you use other AI features, your credits will be reduced.

Can I use a generated business plan without customizing it?

It’s in your brand’s best interest to edit the generated business plan at least a litte. FIrst of all, fact check everything as AI is known for sometimes offering wrong information. Second, double check the tone and voice of the writing and scan for repeated words and phrases. Finally, revise all visuals to ensure they match your brand’s visual strategy. Change visuals individually after the business plan is generated.

Is the Visme AI Designer a third-party API?

No, Visme AI business plan creator was developed in-house and is a unique tool. However, it does use third-party APIs: ChatGPT and Unsplash.

What other content types can I generate with Visme AI Designer?

Right now Visme AI Designer generates presentations, documents and printables. We are working on supporting more content types and will be rolling them out soon.

What types of documents can I generate with Visme AI Designer?

You can generate over 35 types of documents with Visme AI Designer, including business proposals, reports, newsletters, plans, ebooks, whitepapers, and more. For a full list of documents, please register with Visme and visit the templates section of the Visme app.

What our users say about us?

“Visme just saved me so much time and effort, and it actually allowed me to present something more attractive and more user-friendly for the end-user.”

“Of all the tools that I’ve used in my role as a Chief Experience Officer, there is nothing as helpful and as effective as Visme for me. It’s been the primary tool that I’ve used to be successful at my job.”

Free AI Business Plan Generator

Creating a detailed business plan can overwhelm you with endless research and complex structuring. With our AI business plan generator, just provide a prompt with your business idea, and effortlessly receive a comprehensive, well-organized plan, streamlining what is traditionally a frustrating process.

Browse through Business Plan Templates

How to write a prompt that generate the business plans you want?

Detail Your Business Concept: Clearly describe your business, its offerings, and target market. Include your unique selling proposition and objectives to align the plan with your vision.

Specify Requirements and Structure: Define the essential sections and elements, like market analysis, marketing strategies, and financial projections, ensuring the AI delivers the structure and detail you expect.

Include Contextual Information: Provide context such as industry trends and competitor analysis. This helps the AI create a comprehensive plan that considers external business influences.

Sample prompts you can modify and use

“sustainable fashion brand business plan: generate a plan for a sustainable fashion brand using eco-friendly materials. outline product lines, ethical production, pricing strategy, market analysis, customer segmentation, and digital marketing aimed at eco-conscious consumers.”, “tech startup business plan: develop a business plan for a tech startup providing ai analytics for healthcare. detail product development, market strategy, partnerships, funding needs, financial projections, and risk analysis focused on regulations and data security.”, “organic food market business plan: craft a plan for an organic food market in a suburban area. discuss sourcing local organic products, customer engagement programs, health-focused marketing, potential customer base, and competitor analysis.”, “mobile app development company business plan: formulate a business plan for a mobile app development company specializing in educational apps for children. detail app portfolio, development timeline, monetization strategies, educational outreach, and market analysis of educational trends and competitors.”, quickly generate professional business plans with ai power.

Unlock rapid, precise business planning with our AI-powered tool. Designed for efficiency, it enables entrepreneurs and business owners to quickly generate professional business plans. Just input your business specifics, and let the AI craft a comprehensive plan that aligns with your goals and attracts investors.

Take action today and transform your business idea into a reality. Our user-friendly AI tool guides you through each step, from market analysis to financial projections, ensuring your business plan is both thorough and tailored. Start now and leverage AI to navigate your path to success with confidence.

Our AI Business Plan Generator is made for every business type

Whether you’re starting fresh, scaling up, or shaking things up in a large company, our AI business plan generator adjusts to your specific needs. Just enter your business information and let AI simplify the process of creating a detailed plan, from market analysis to financial projections.

Ready to streamline your business planning? Give our tool a try. It’s here to help you craft a business plan that matches your goals, making the whole process faster and less daunting. Let’s get your business plan sorted so you can focus on what you do best: growing your business.

Custom Business Plans: Precisely Tailored to Your Needs

Our custom business plans ensure you get exactly what your project requires—no more, no less. By focusing only on the essential information you need in your AI prompts, our service streamlines the planning process, allowing you to quickly move forward with implementation and execution.

Start today by specifying the details that matter most to your business. Our generator will tailor a plan that fits your specifications perfectly, ensuring efficiency and clarity. Let us help you eliminate unnecessary complexity and focus on driving your business success.

How can you create a business plan in under 5 minutes?

Step 1: define your business identity.

Identify core aspects like your mission, vision, and target audience. Clearly define your business’s goals and target market to lay the foundation for your business plan.

Step 2: Specify Operational and Design Elements

Choose key operational elements such as organizational structure and processes. Ensure these support your business’s objectives and are tailored to industry needs.

Step 3: Craft Your AI Prompt for the Business Plan

Develop a detailed prompt for the AI, outlining the desired business plan structure and key information for each section, such as market analysis and financial projections.

Step 4: Review and Refine

Review the initial AI-generated business plan draft and refine areas like financials and market analysis to ensure comprehensive and professional content.

Step 5: Finalize and Utilize

Finalize the business plan by integrating all sections clearly. Use it as a strategic guide and a tool for securing funding or partnerships, ensuring it serves as a robust framework for your business.

Venngage is more than just an AI business plan generator

Venngage is your one-stop shop for creating impactful presentations, infographics, reports, and more. It's a favorite among professionals, educators, and marketers for a reason:

Effortless Design

Browse a vast library of pre-made templates and customize them with your own text, images, and branding for a unique and polished look.

Drag-and-Drop Simplicity

The intuitive interface makes creating stunning visuals a breeze. Drag, drop, and edit with ease, and collaborate seamlessly with team members using built-in collaboration tools.

Data Made Clear

Transform your data into clear and informative charts and graphs. Import data directly from spreadsheets and let Venngage do the work.

Consistent Branding

Maintain a professional image with Venngage's Brand Kit. Save your company colors, fonts, and logos to ensure consistent branding across all your designs.

High-Quality Exports

Export your creations in various high-resolution formats like PDF, PNG, and many more, perfect for both digital and print use.

Can I customize the business plans generated by the AI?

Yes, you can fully customize all AI-generated templates on Venngage's platform.

Are there more business plan designs available?

Yes, Venngage offers a wide variety of business plan designs to suit different needs and preferences. Whether you're looking for something sleek and modern, or more detailed and data-focused, you'll find numerous options to choose from in our extensive template library.

Are the AI-generated business plans using Venngage’s tool copyright-free?

Yes, the AI-generated business plans created using Venngage's tools are copyright-free. You can use them for both personal and commercial purposes without any restrictions on copyright. However, it's always good practice to ensure that any externally sourced content you include is also cleared for use.

How many business plans can I generate for free?

The number of business plans you can generate for free on Venngage is currently unlimited.

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AI Business Plan Generator

Get your professional business plan ready in minutes.

Your business plan is just a click away. Answer a few questions, and our AI business plan generator will craft a detailed business plan tailored just for you in minutes.

Join over 1000+ Entrepreneurs & business owners​

Why bizplanr is the best business plan generator, ai assistance - a way to save time., it's free - say no to costly business plan writers, it works for any industry, get your business plan ready in 3 simple steps, start with simple questions.

Start by answering a few simple, context-aware questions about your business & idea. Our AI uses your responses to tailor the planning process uniquely to your business needs.

AI Crafts Your Plan

As you provide details, our AI constructs a comprehensive business plan that integrates all necessary components, such as market analysis and financial projections.

Review, Download, and Share

Once your plan is ready, review it for any final changes. Once you're finished, easily share your professionally-designed business plan with stakeholders and investors.

Explore How Bizplanr Meets Various Business Planning Needs

Secure your funding.

Use our AI to develop a persuasive business plan tailored for banks, investors, or grants. Ensure that your plan stands out by clearly describing your financial needs and potential.

Launch Your Startup

Create a detailed business plan covering all operations and marketing aspects for startup success. Our tool helps you map out each step, from conception to market entry.

Validate Your Business Idea

Evaluate the viability of your business concept with a solid business plan. By assessing the feasibility, our plan helps you confirm your idea's marketability.

Academic Planning Assistant

Our free tool streamlines students' project work, provides detailed business plans for assignments and presentations and ensures comprehensive learning.

Business Plan Examples & Templates

Need some references? Check out some of our professionally generated business plan samples

Bookstore Business Plan

Yoga Studio Business Plan

Pool Hall Business Plan

What our users have to say.

Don’t just take our word for it; read why thousands of our users love Bizplanr.

It was challenging for me to create a business plan for my café until I discovered Bizplanr. The process is fast and cost-effective compared with other solutions available on the market. It was like having a mentor guiding me through every step. I’d surely recommend it to others.

Co-founder of Innovatech

Using Bizplanr made creating our business plan much easier. The financial projection tools are simple and quick, helping us focus on what we do best—innovate. Highly recommended for any tech startup looking to streamline their planning process.

Dr. Marcus J. Thompson

Clinic Director

When we were setting up our new clinic, Bizplanr made the business planning side much easier. Creating a business plan felt like a breeze; I created my first plan in just a few hours.

Nonprofit Director

Our nonprofit often struggled with the complexities of planning and funding. Bizplanr provided a straightforward method to create a detailed plan, helping us focus more on our mission rather than getting stuck in paperwork.

E-commerce Entrepreneur

Switching to Bizplanr was a smart decision. Our previous software lacked many modern, AI-powered features, and the interface was confusing. Now, I’ve got all the features I need, not to mention at a reasonable cost.

Business Consultant

As a consultant, it's important to provide clients with clear and practical business plans. Bizplanr helps me create these plans quickly, offering straightforward strategies and reliable financial outlooks.

Frequently asked questions

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"As someone who was always daunted by the idea of drafting a business plan, Venturekit was a game-changer. The process was intuitive, and the generated plans exceeded all my expectations."

"The scalability and consistency of Venturekit's business plans have streamlined our expansion strategies. It's impressive how tailored and detailed each plan is, despite being AI-generated."

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12 Best AI Tools for Small Businesses & Startups (2024)

Ajay Jagtap

• April 25, 2024
• 17 Min Read

What’s your opinion about AI being the future? Is it the future? Let’s better call it the present—it’s already here.

We’re living in a world surrounded by AI tools.

Today, these AI can write articles, create videos and graphics, answer customer queries, recognize objects, and do countless other tasks that once required hours to finish.

It’s high time you invest in efficient AI tools for your small business and make the most of this transition toward AI.

Wondering which tools to consider starting off? Here you go.

We’ve compiled our research of the best AI tools for small businesses into this quick guide. This list includes AI tools for business planning , content writing, customer support, and more.

Sounds good? Let’s get started.

As we begin to explore the top AI-powered tools, let’s briefly talk about their benefits:

Benefits of Using AI in Small Businesses

Can AI help in business operations? Yes, and It’s doing it already. In fact, more than 9 in 10 leading businesses have ongoing investments in artificial intelligence and AI tools.

So, let’s quickly discuss the benefits of using AI tools for small business operations.

• Increased efficiency & productivity: AI tools can improve employee efficiency and productivity by automating manual tasks, saving time, and reducing errors.
• Cost cutting: AI can significantly lower business operational costs by streamlining operations and automating manual tasks.
• Personalized customer services: Advanced AI tools and chatbots can help small businesses personalize the customer experience at scale, maximizing customer retention and sales.
• Reduced workforce: AI can handle manual and repetitive tasks, so investing in efficient AI tools can help businesses significantly reduce their workforce.
• Increased profitability: Increased efficiency & productivity and reduced workforce and overall costs ultimately help you increase business profitability.

These are just a few of the many benefits. But we’ll surely cover others while discussing the AI tools moving forward.

Shall we begin? Let’s dive right in.

The Best AI Tools for Small Businesses of 2024

• Upmetrics : AI for business plan writing
• ClickUp : AI for project management
• Jasper AI : AI for content writing
• Zoho Zia : AI for sales teams
• Freepik AI Image Generator: AI for creating images
• GrammarlyGO : AI personal writing assistant
• ChatSpot by Hubspot : AI Sales & Marketing Assistant
• Dall. E 2 : AI image creator
• Manatal : AI recruitment software
• Motion : AI for productivity
• Lumen5 : AI for video creation
• Otter AI : AI meeting assistant

1. Upmetrics—AI Business Plan Generator

Upmetrics is the #1 AI business plan generator that helps startups, entrepreneurs, and small business owners write and create business plans in no time.

Writing a business plan is easier than ever with Upmetrics AI Assistance .

It can help you generate text, rewrite content, shorten or expand it, and it also allows you to change its tone.

The subscription includes 400+ sample business plans , video tutorials, well-written documentation, and guides to ensure you are on the right track.

But how to get started?

The tool offers an intuitive and easy-to-use interface, so it’s pretty simple to get started. Simply select the “Write with AI” option from the Upmetrics business plan editor for AI assistance.

Upmetrics could be an incredible investment for business planning compared to other AI business plan creator .

Here’s a quick overview of its best features and pricing:

Best Features:

• AI-powered text generation to write on your business plan.
• Content rewriting feature to polish or enhance content quality.
• Content shortening option to briefly describe the context.
• Expand upon your idea and introduce new concepts.
• AI-powered assistant to help adjust the tone of your writing.
• Accurate & reliable information depending on prompted information.
• Real-time updates and cloud storage, eliminating the risk of data loss.
• Intuitive, seamless, and responsive user interface.
• Check and correct grammatical errors and spelling mistakes.
• Business resources, video tutorials, and guides to help get started.

Check out Upmetrics’ pricing plans:

Remember, only Upmetrics premium users can access the AI assistance feature. Refer to the pricing page for more information.

Create winning Business Plans with our

AI Business Plan Generator

Plans starting from $7/month

ClickUp is a cloud-based project management software helping entrepreneurs and small businesses streamline project management, collaboration, and task planning.

ClickUp’s AI writing assistant uses natural language processing (NLP) algorithms and is accessible across the platform, generating content tailored to meet specific requirements.

It can assist you in creating new tasks, writing marketing emails and copies, and preparing ClickUp docs.

Here’s an overview of some of its key features and limitations:

• 100+ role-based AI tools to speed up your workflow.
• Brainstorm new ideas, generate outlines, and write with AI
• Summarize long-form content in one click.
• Connect third-party apps like Slack, Hubspot, Zoom, and 1000+ more.
• No-code automation for repetitive tasks.
• Accessible via the web, desktop, and mobile apps.

Limitations:

• ClickUp AI is not available on their free plan.
• The platform can be overwhelming to understand for new users.
• The pricing for the AI-assistant add-on is quite high.
• ClickUp AI can only be purchased for your entire workspace.

Note : Only paid plan members can access ClickUp AI; it’s not available on the free plan.

Ratings and Reviews:

• G2: 4.7/5.0 (8,300+)
• Capterra: 4.7/5.0 (3700+)

3. Jasper AI

Jasper AI is a content writing tool helping entrepreneurs and marketers create and publish high-quality content at scale.

It can be used to write long-form articles and blog posts, social media posts, product descriptions, marketing campaigns, and other forms of content.

It’s an easy-to-use, efficient, and cost-effective solution for content creation, making it an excellent solution for content marketing.

Here’s an overview of some of its key features, limitations, and pricing:

• 50+ templates to speed up content creation.
• Can help you create content in 30+ languages.
•  Provides AI suggestions and helps in auto-completing text.
•  Integrates with tools like Grammarly and Surfer SEO.
•  Translate text from one language to another.
• Can repurpose content for various platforms
• Creating technical and well-researched content can challenging.
• AI technology may not always provide accurate and factual information.
• A lot of fact-checking, research, proofreading, and editing is required.
• The plagiarism checker costs extra with Jasper AI.

Jasper doesn’t have a free plan. However, they provide a 7-day free trial on all their paid plans.

• G2: 4.7/5.0 (1,220+)
• Capterra: 4.3/5.0 (1,700+)

4. Zoho Zia

Zia is an AI-powered assistant by Zoho, helping the sales team collect customer data, write documents, automate manual lead management, and maximize sales numbers.

This AI-powered assistant can be integrated with the company website, social media profiles, and emails to respond to customer inquiries and provide support.

It also helps startups and small business owners manage calendars, schedule appointments, and create customer behavior, sales trends, and business performance reports.

If you’re a sales team looking to automate and streamline processes, this is the AI tool you need.

Best features:

• Recommends tags and suggests the best notebook for your notes.
• Uses the no-code builder to make machine-learning predictions.
• Notifies you about anomalies like a sudden drop in calls.
• Can distribute leads to the best sales rep, depending on availability.
• Can generate charts and pivot tables from spreadsheets.
• Offers grammar suggestions using ML techniques.
• Its user interface is comparatively difficult to navigate and use.
• Some Zia users have reported frequent glitches and issues.
• Zia’s free version has limited features; you must upgrade to a premium plan to access additional functionalities.

Pricing(Zoho SalesIQ):

Remember, only the enterprise plan includes AI features like an answering bot, smart suggestions, and company profile enrichment.

Zoho Ratings and Reviews:

• G2: 4.7/5.0 (2,400+)
• Capterra: 4.3/5.0 (6,300+)

Freepik , known for its stock images and design assets, has introduced a suite of AI tools, including the Freepik AI Image Generator, a versatile tool for small businesses and startups.

This tool revolutionizes visual content creation, offering an affordable solution for businesses with limited resources.

Freepik AI Image Generator’s intuitive interface and user-friendly features make it accessible to all, regardless of design experience, thanks to its prompt-driven approach.

The user only needs to describe what they want, and the generator will create the image.

Here’s an overview of Freepik AI Image Generator features, limitations, and pricing:

• User-friendly interface
• Generates four high-quality images per prompt
• Many different customizing options: aspect ratio, style, color, lighting, and framing
• Different download resolutions
• Prompts can be used to create visuals tailored to your needs
• You may need to try different prompts for creating the image you are looking for
• Learning how to write good prompts may be difficult at first

Hubspot Ratings and Reviews:

6. grammarlygo.

GrammarlyGO is Grammarly’s newly launched AI personal writing assistant for working professionals and entrepreneurs. It helps you make sure your content is engaging, easy to read, and free of any spelling, grammar, and punctuation errors.

Isn’t it something Grammarly has been already doing? Yes, of course. But, there’s more to it with GrammarlyGO.

In addition to spelling and grammar corrections, it can help you brainstorm content ideas, prepare outlines, summarize content, find content gaps, and a lot more using text-based prompts.

Let’s learn more about its feature offering and limitations:

• Built-in plagiarism checker to ensure authentic content.
• Change the tone of your text and type of English.
• Generate your first draft in seconds using AI prompts
• can be used in other desktop apps like Docs, LinkedIn, MS Word, etc.
• Corrects spelling mistakes, and grammar, and improves readability.
• Writing assistant to help brainstorm ideas prepare outlines, & more.
• Grammarly is limited to the English language.
• Premium plans can be expensive for small businesses.
• Grammatical and readability suggestions may not always be accurate and relevant.

Grammarly Ratings and Reviews:

• G2: 4.7 (5,758+)
• Capterra: 4.8 (6,987+)

7. ChatSpot by Hubspot

ChatSpot is an AI-powered sales and marketing assistant designed to help entrepreneurs and business owners streamline operations through best AI practices. This artificial intelligence tool combines the power of ChatGPT with other data sources.

The best thing about ChatSpot is, it’s 100% free to use—even if you aren’t a HubSpot user. It can be integrated into content generation, sales prospecting, and SEO content marketing.

It can help you write engaging social media posts, draft long-form blogs, create AI-generated images, and more.

• Prospecting templates to identify key opportunities for outreach.
• Create AI-generated images and draft blog posts and tweets.
• Discover keywords, analyze phrases, and understand competitor strategies.
• Add contact or company details to your CRM in one click.
• Directs you around the Hubspot app to help you make the most of your CRM.
• Deep insights into company data like funding rounds and technologies used.
• ChatSpot may not always understand your commands every time.
• Response time for ChatSpot can comparatively be longer than usual.
• Unlike ChatGPT, this AI tool clears all your chat history after reloading.
• Beta version is free to use.
• G2: 4.7/5.0 (9,900+)
• Capterra: 4.5/5.0 (3,700+)

8. Dall. E 2

Dall. E 2 is an AI system developed by Open AI that generates realistic images and art from natural language prompts and descriptions. Furthermore, It can also combine concepts, attributes, and styles based on your description.

This AI platform can be invaluable in creative inspiration, fashion designing, art creation, and CGI creation—saving time, money, and resources.

Its speed, customization options, accessibility, and iteration make it the best AI image-generating tool in the market.

Here’s an overview of Dall. E 2’s best features, critical limitations, and pricing:

• Generate high-quality images from textual descriptions.
• provides an intuitive and easy-to-use user interface.
•  Every prompt generates four unique image variations.
• Text prompts allow you to replace different elements in a picture.
• Image expansion beyond the canvas using the outpainting feature.
• While using this AI chatbot, you must have a clearly defined prompt to generate the right image.
• Some users reported that the Images generated by Dall. E 2 may not look real enough.
• Whether trained or copyrighted, images generated by the tool remain a major concern.
• $15 for every 115 credits
• (1 credit = 1 text prompt with 4 image variations)
• G2: 3.9/5.0 (22+)

Manatal is an AI recruitment software designed to help HR teams source and hire talent faster. The tool is best suitable for HR teams, recruitment agencies, and new-age startups.

It’s an easy-to-use AI software with no steep learning curve that can be used for simplifying the hiring process through AI automation.

Manatal includes features like matching recommendations and candidate profile enrichment. You can access Manatal on all your mobile, tablet, and desktop devices.

Here’s an overview of some of its best features and limitations, along with pricing plans:

• Suggests best candidates for the job while automating redundant tasks.
• Score candidate profiles based on job requirements.
•  Enriches candidate profiles with data from LinkedIn and other social media.
• Access Manatal features from all your devices—mobile, desktop, etc.
• Fast setup and compatible with all web platforms.
• Efficient candidate sourcing from various channels.
• The software admin page needs to be accessed manually to generate weekly reports.
• Users can only upload a maximum of 1000 resumes at a time.
• Some users have reported frequent glitches while using the software.

• G2: 4.8/5.0 (135+)
• Capterra: 4.7/5.0 (132+)

Motion is an AI calendar app that automatically builds your schedule, plans your day, and creates perfect to-do lists using machine learning and AI algorithms.

This AI tool automatically plans your day considering variables like deadlines, working hours, meetings, and average task duration. The best part is that it schedules meetings while ensuring they don’t conflict with your calendar.

In short, it can be a great addition to your pack of AI tools for small businesses, helping you save time, stay ahead of your day, and be more productive.

Here’s an overview of its best features, limitations, and pricing plans: 

• Plan your day and schedule meetings with AI and automation.
• See your daily schedule in one click.
• Automate tasks and project scheduling with AI.
•  Let AI create perfect to-do lists.
• Keep all your project information in one place.
• Motion desktop app can be buggy at times due to its frequent glitches.
• The mobile app is not as user-friendly as the other versions of it.
• It can make a schedule for two weeks at a time.
• The AI app does not have a free plan.

• G2: 4.3/5.0 (68+)
• Capterra: 3.8/5.0 (13+)

Lumen5 is an AI-powered cloud-based video-editing and making solution for business owners and marketers to streamline video content creation. They have an AI feature built to repurpose marketing content that automatically turns blog posts into engaging videos.

Lumen5 has a built-in library of 500M+ images, templates, and high-quality videos to help create videos that make your brand stand out.

If you find video editing overwhelming and time-consuming, this is the tool you need. Here’s an extended overview of some of its key features, critical limitations, and pricing:

• Repurpose marketing content
• Bespoke branded templates
• Generate automatic captions for all your video clips
•  Teams & collaboration features
• Lets you turn blog posts into videos
• 500M+ images, templates, and videos
• Finding the right music can be time-consuming.
• Some users have reported its video layouts need to be updated, and the user interface needs to be clearer.
• Editing or changing individual frames can be difficult for some users.

• G2: 4.5/5.0 (65+)
• Capterra: 4.6/5.0 (135+)

12. Otter AI

Otter AI is an AI meeting assistant that can help you record conversations, create audio files, transcribe user interviews, write notes & generate summaries, making your meetings more efficient and productive.

It can be integrated with Google and Microsoft Calendar and automatically record your meetings on Zoom, Google Meet, and Microsoft Teams.

Furthermore, this AI tool generates real-time meeting summaries, allowing users to catch up on anything missed.

Here’s a quick overview of its best features and critical limitations.

• Produces meeting notes from transcriptions.
• Otter AI chats to get answers instantly during meetings.
• Transcribe audio and video files
•  Generates live summaries of Zoom recordings or meetings.
• Transcribe YouTube videos
• Expert your conversation to TXT, DOCX, and PDF.
• Utter can help transcribe user interviews but can’t avoid filler words like “hmmm.”
• Sometimes transcription can spell words incorrectly.
• It takes longer than usual to upload audio transcripts to the website.

• G2: 4.1/5.0 (110+)
• Capterra: 4.5/5.0 (67+)

ChatGPT—A Free AI tool for small businesses

ChatGPT is the most efficient and reliable yet free AI chatbot online. It is an AI language model trained by OpenAI, using machine learning algorithms to generate human-like responses to text-based prompts.

Despite the fact that it’s not on our primary list, we rate it very highly and recommend that every business owner utilize it.

It can be used in content creation, content & email marketing, language translation, customer support, business planning, and other aspects of business operations.

While ChatGPT is entirely free to use, there is a $20 monthly fee for ChatGPT Plus.

And our list ends here, but before we conclude—let’s look at how you can select the right tool for your business.

How to Choose the Right AI Tools for Your Business?

The tools mentioned earlier were all about helping you streamline your business processes. But, if you still seek assistance choosing the right tools for your requirements, here are a few factors to consider before calling the shots.

• Understand your requirements : Understand your business objectives and priorities before investing in any tool. This will help you understand areas of business that need optimization and can be automatized.
• Training requirements: Understand the level of training required while onboarding an AI software. Ensure you can invest time in employee training and that the AI tool provider offers adequate support.
• Industry Experience: Make sure the tool provider has significant experience dealing in your industry to understand user behavior and provide actionable insights.
• Ethical and legal considerations: Make sure using AI in your business doesn’t violate laws or bring any legal or ethical violations.
• Return on Investment: Conduct a quick ROI analysis and determine the expected benefits or returns of using a tool to ensure the return justifies the investment.

That’s it for today. Keep these factors checked while selecting and investing in an AI tool, and you will be alright.

That’s it for today. We hope you found the tool you were searching for when you started reading. If not, go back and see if you can find something you missed earlier.

However, if need help writing a business plan, Upmetrics is the best AI business plan generator. Sign up now, and get the first draft of your business plan ready in no time!

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Frequently Asked Questions

What is the best ai tool for small businesses.

Many incredible AI tools exist for small businesses, including ChatGPT, Jasper, ClickUp, and others.

However, business planning being the most crucial aspect of business growth, Upmetrics is a must-have AI business planning tool for small business owners.

How can AI be used in small businesses?

AI can be used in content creation, content & email marketing, language translation, customer support, business planning, and other aspects of small business operations.

Can AI generate a business plan?

Indeed. AI business plan generators like Upmetrics can help you write a business plan in a few hours, which used to take several days.

Is there a free AI tool?

Yes, ChatGPT is the most efficient and reliable yet free AI chatbot online. While it is entirely free to use, you can purchase its premium(ChatGPT Plus) monthly subscription at $20.

How do I use AI on a startup?

There are many ways to utilize AI for a startup, but using it to create a business plan for your startup would be an ideal way to get started.

How can AI benefit your small business?

AI can help your small business increase employee productivity and efficiency, cut down costs, personalized customer services, and increase profitability—ultimately maximizing your ROI.

About the Author

Ajay is a SaaS writer and personal finance blogger who has been active in the space for over three years, writing about startups, business planning, budgeting, credit cards, and other topics related to personal finance. If not writing, he’s probably having a power nap. Read more

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“planspro has been an absolute game-changer for my company. the user-friendly system coupled with its ai technology made crafting our business plan a breeze…the exceptional quality of the final business plan exceeded my expectations.”.

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“ PlanPros is hands down the best business planning software out there. As a long-time business plan writer and consultant who has tried his fair share of business plan tools, this one far outweighs the competition.

What used to be a laborious and complex process is now fast, easy, professional and dare I say quite fun!

I highly recommend PlanPros to any entrepreneur in need of a business plan.”

“PlanPros is the kick-in-the-pants I needed after being in business for two years. It allowed me to quickly and easily create a great business plan for Love Equals that will surely help us in our next stage of development.

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“ PlanPros is an incredible business plan generator. It transformed what was once a daunting task into a straightforward and quick process.

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The process is easy!

Our AI business plan maker asks you some quick and easy questions about your business.

The PlanPros AI business plan generator then writes your entire business plan, including the executive summary, market analysis, competitive analysis, complete 5-year financial projections and more.

Our AI-generated business plans are geared specifically to the needs of investors and lenders. Whether you need funding or not, our plans guide you to successfully grow your company!

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“ PlanPros is simply incredible! I highly recommend it for any small business owner or entrepreneur looking for an efficient way to create a professional business plan.”

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“ Wow! PlanPros really exceeded my expectations! I utilized it to create a business plan for my company, and I was truly impressed by its precision and efficiency. In the end, it worked its magic, producing an outstanding business plan complete with amazing financial forecasts.”

“ PlanPros.ai is a revolutionary tool for all business owners. It is so simple to use and allowed me to complete my business plan in minutes. Thanks to PlanPros we now understand which services and targets to focus our efforts on, and what our expansion possibilities are.”

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Simply answer some questions about your business and PlanPros writes a comprehensive business plan for you. You can then edit your plan further if desired.

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Start » startup, how to use ai tools to write a business plan.

These tools use artificial intelligence to generate full business plans you can take to investors.

Writing a business plan is an important, if arduous, task. Most investors and financial institutions will ask to see your business plan before providing startup capital. But, for many entrepreneurs, putting pen to paper to detail your idea can be burdensome.

AI tools can speed up the process of writing a business plan by providing the framework and initial content. However, you’ll need to go through the plan in detail to make sure it accurately reflects the financial modeling, mission and vision, and other elements that you’re starting to put into motion. Consider any business plan generated by these AI tools as a starting point from which to finesse your plan to perfection.

[Read more: Writing a Business Plan? Here’s How to Do It, Step by Step ]

ProAI is built to generate custom business plans that include financial projections, market research, and a SWOT analysis. These detailed plans can be edited in the app or exported to Google Docs and Sheets for further editing. Simply answer some questions about your business information and goals; AI will create a custom plan with financials. The report can be ready in a few days, depending on the depth and level of customization required — something you determine when you go through the initial process. ProAI can also provide pitch decks and business funding. Pricing for ProAI starts at $199/month.

[Read more: 4 Effective Ways Small Businesses Can Leverage AI ]

Simplified offers a unique AI generator for small businesses. Like ProAI, you simply enter your small business details and objectives, or work off one of their existing templates (such as for a gym, food truck, or real estate service). Simplified’s artificial intelligence can generate market analysis, financial projections, and a clear value proposition for your plan. It can be edited within the tool. The best part? Simplified is free up to 2,000 words.

LivePlan Assistant is the company’s AI writing tool that can help you create a business plan. With this option, you can select one of LivePlan’s business plan templates and get help filling in each section from the Assistant. LivePlan’s database of 550 free sample business plans gives you a good starting point. The Assistant’s “Help Me Write” function will then generate ideas for each section of your plan according to the information you give it. It includes financial forecasting functionality, too. Pricing for LivePlan starts at $20/month.

WriteCream develops generic business plans that can be customized to fit your vision.

Upmetrics ’ AI Assistant can autowrite sections of your business plan, adjust the tone of your content to be more persuasive or professional, and reformat sections to make the plan flow. Unlike other tools on this list, Upmetrics also offers well-designed cover pages so you can make your document stand out. The platform lets you collaborate with different users on the same document so you can stay organized and coordinate better. And, instead of using a set template, Upmetrics has a drag-and-drop builder so you can determine what sections you want to include. Upmetrics starts at $7/month.

IdeaMaster.io

IdeaMaster uses ChatGPT-3 to create fairly basic business plans; if you’re looking for a short two-pager to share with investors before fully developing your concept, this is a good starting point. Simply tell IdeaMaster your industry and product type to get started. Plans include the basics, such as market size, MVP features, value proposition, sales and marketing channels, and key resources, among other things. Best of all, IdeaMaster is free.

WriteCream develops generic business plans that can be customized to fit your vision. It’s less sophisticated than other tools on this list, and it can be used as a blank canvas if you have a great idea but no time (or patience) to write a full business plan. It doesn’t come with the bells and whistles of other tools, but it is affordable: WriteCream is free-to-use for up to 10,000 words per month.

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More From Forbes

Maximizing business potential with ai-generated plans: tools and tips for success.

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Chase Hughes is the CEO of Pro Business Plans. a firm that offers consultative services to businesses that are looking to the future.

When it comes to business planning, drafting a well-structured plan is critical to success. However, it can be a daunting task, especially for entrepreneurs who are just starting.

Fortunately, generative AI technologies have been developed to streamline the entire process and assist business owners in quickly generating detailed plans. With the assistance of AI tools, businesses can swiftly evaluate significant volumes of data, discover trends and patterns and create plans to assist them in achieving their objectives.

In this guide, I will delve into the world of generative AI, explore its potential in assisting with business planning and provide an overview of tools and tips to help maximize the benefits of AI-generated plans.

What Is Generative AI?

Generative AI refers to artificial intelligence systems that can generate new data, content, designs or other forms of content that did not previously exist based on input data or specific instructions. Algorithms that analyze existing data find patterns and produce new information based on those patterns.

Applications for generative AI include producing realistic visuals and interactive illustrations, as well as creating articles and short stories and producing music and sound effects.

In business planning, generative AI technology can be a game changer for entrepreneurs seeking to create a comprehensive and tailored plan for their ventures. With the ability to analyze user-provided data, generative AI can quickly generate detailed financial projections, market research and strategic recommendations unique to the business's specific needs.

Recommended Tools For Crafting Your AI-Generated Business Plan

The following are only some of the many powerful AI tools becoming available for entrepreneurs.

• Stable Diffusion: I have been recently exploring how Stable Diffusion can enhance the design of my company's client-side work. As an AI-powered technology, Stable Diffusion is an innovative text-to-image diffusion model that can generate highly realistic and stunning images based on any given text input. To enhance the visual presentation of your business plan, Stable Diffusion can generate graphics and designs to make your plan more engaging and visually appealing.

• ProAI: This tool created by my firm allows users to generate a 24-page fully custom business plan with financial projections based on a series of questions the user answers. ProAI can streamline creating a comprehensive plan tailored to your unique business goals. In fact, I have been referring my customers who can't afford our services to ProAI as a starting point.

• Notion AI: Notion AI is designed to help entrepreneurs and businesses keep track of progress and adjust as needed throughout their growth. It is a part of the Notion productivity and collaboration platform, which includes features such as note taking, task management and team collaboration.

• ChatGPT: ChatGPT, a language model trained by OpenAI, can assist entrepreneurs in creating business plans by providing relevant information, generating ideas and offering insights. ChatGPT can help you brainstorm and develop a comprehensive business plan through your specific questions related to the business idea. My own company has been selectively incorporating the tool into our workflows, and I have seen how powerful it can be.

• Optimove: Optimove is a customer data platform equipped with AI-based marketing functionalities that can integrate data from various platforms to provide a comprehensive view. It enables businesses to analyze customer behavior and preferences and identify effective marketing channels to enhance growth. This information can then inform the development of a comprehensive business plan and help you incorporate marketing strategies to maximize business growth and success.

Tips For Getting The Most Out Of AI Business Planning Tools

Here are some practices that I have found useful when utilizing AI tools.

Edit And Review

Although AI-generated business plans can be useful, it's crucial to review and edit them for accuracy. These plans may contain errors or inconsistencies, so it's important to take the time to review and make changes as necessary.

Be Descriptive

Be as specific and thorough as you can when entering data into an AI business planning tool. The more information the tool has to work with, the more accurate and tailored the generated plan will be.

Iterate And Refine

Business planning is an ongoing process, and the same holds for AI-generated plans. Feel free to go through multiple iterations and revisions with AI to fine-tune your business plan according to your requirements. Remember, AI is a powerful tool that can help you create a comprehensive plan, but it cannot replace human judgment and intuition.

Understand that AI technology is still developing and may make mistakes or errors. It's important to remember that these tools are not magic and may need to produce perfect results right out of the gate. Often, these errors stem from insufficient instructions provided by users. Be patient and willing to provide additional information when necessary.

Use No-Code Solutions

Focus on using current no-code solutions that can streamline the process and save time instead of attempting to fine-tune or train AI models. In order to make planning as simple and effective as possible, look for solutions that offer user-friendly interfaces and intuitive workflows. Without the requirement for specialized knowledge or substantial training, these tools can more easily assist you in developing an exhaustive business plan.

Leverage Expertise

While AI-generated plans can provide valuable insights and recommendations, they should not be relied on exclusively. It's important to also leverage the expertise of human advisors and mentors, who can provide valuable context and guidance that AI tools may need help to replicate. By combining the power of AI with human expertise, entrepreneurs can create more robust and effective business plans.

Businesses can streamline their planning process by using generative AI tools.

I encourage you to embrace the future of business planning with AI-driven solutions. Remember, though, to edit and review your AI-generated content, be descriptive when interacting with AI systems, iterate and refine your plan and be patient as AI technology develops.

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• Prepare for investor meetings: Create a detailed business plan to share with potential investors, showcasing your business's potential and strategy for success.
• Develop a product launch plan: Craft a business plan for launching a new product, detailing your marketing strategy, financial projections, and more.

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Stop wasting time staring at a blank page, or wondering how to best translate your idea into words. Automatically generate content for each section of your plan with the LivePlan AI-powered Assistant's Help Me Write feature.

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Instantly improve your writing

You want to feel confident that your plan is the best it can be — especially if you're sharing it with lenders or investors. Automatically improve your writing, adjusting for voice, tone, spelling and grammar for your business plan with the LivePlan AI-powered Assistant's Rewrite feature.

“This thing is AMAZING! The [AI] Auto-Rewrite is the best thing ever. I'm an accountant and work with numbers. I've never been great at writing! I love LivePlan! Super simple.”

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Skip the guesswork and start building a useful financial forecast with our AI business plan generator. Get suggestions for revenue streams, expense types, and other forecast categories that are specific to your business and add them to your forecast with one click.

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LivePlan isn't just a business plan AI tool to easily create a business pitch, plan, and financials — it's a comprehensive business planning system and AI-powered assistant to help you plan, fund, and grow.

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Use the LivePlan Assistant to instantly generate ideas at each step of your plan. You can also access 550+ sample plans to find one that matches your industry.

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Frequently asked questions.

Whenever we choose to pursue new features or make updates to LivePlan, it's with the goal of making business success available to everyone. And as we began to experiment with the capabilities of generative AI to run our own business, we realized that it could be a game changer for small business owners. Now, that doesn't mean we're trying to invent a plan-writing “easy button.” We believe that part of becoming a successful business owner is understanding the planning process so that you can review, iterate, and grow. An automatic AI business plan writer doesn't help you do that on its own.

Yes! LivePlan's AI-powered Assistant is available with both Standard and Premium LivePlan packages.

From within LivePlan, you will find LivePlan Assistant at various locations throughout the app. The “Help Me Write” and “Rewrite” features are available on both the Plan and the Pitch. “Suggested Forecast Categories” is available from within the Forecast. If you do not see the LivePlan Assistant, be sure you've opted into AI features in your “Manage Account” settings.

The LivePlan AI Assistant is designed to be a helpful tool in the business planning process. But no AI tool is meant to completely replace human insight and expertise. It's important to understand that the AI Assistant is meant to be a starting point, offering ideas and structure to help you develop your plan. Users should always review, refine, and customize the AI-generated content to ensure it accurately reflects their unique business vision and circumstances. LivePlan encourages users to combine the AI's suggestions with their own industry knowledge, market research, and financial projections to create a comprehensive and reliable business plan.

Yes! We're continually thinking of new ways to improve business planning and management for everyone. We truly believe that incorporating AI within LivePlan will improve the product and help users, like you, succeed in growing your business. While we can't get into specifics about upcoming features, just know that what we are working on will further strengthen your ability to write a useful business plan, build an actionable financial forecast, and analyze your business's actual results. We hope these improvements make planning faster, easier, more insightful and enjoyable so that you can focus your attention on starting, funding, managing, and growing your business.

This and other future AI tools will be on by default, but you can easily turn them off. We understand that you may have concerns about the potential risks and consequences of using AI. You may be worried about the broader impact on society, or you may just value creating your plan from scratch. To address these concerns, we are committed to making our AI features entirely optional. We believe in the freedom to choose how you use our product, and we want to make it easy to opt in or opt out of LivePlan Assistant and any future AI tools. To opt in or opt out of LivePlan Assistant , you can update your preferences in the “Manage Account” section of the account settings.

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AI Business Plan Generator: Future of Business Planning

Steve Sep 11, 2024 Employer News 0 comments

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Businesses no longer have to struggle to create a strategy that suits the dynamic market needs. This process is now taken care of by an AI business plan generator. The strategy it creates acts like a blueprint, guiding your business from inception to growth.

Creating a traditional business plan usually takes a lot of time and resources, and can be challenging for the entrepreneurs. That is where an AI business plan generator intervenes with an innovative approach to business planning that is efficient and highly effective.

AI Business Plan Generator

AI Business Plan Generator makes business planning smooth and efficient with the power of artificial intelligence.

An AI Business Plan Generator can handle a lot of data, analyze market trends, and present you with a full business plan in just a fraction of the time it would otherwise take, unlike traditional methods.

It would not only be faster but also give you a strategic competitive advantage.

How Does an AI Business Plan Generator Work?

An AI Business Plan Generator works with the help of sophisticated algorithms. The raw data you provide about your business idea, target market, and financial goals get translated into an actionable detailed business plan.

This ranges from general executive summaries to highly specific financial projections, depending on individual needs.

It starts with giving basic information about your business. That can be something as small as what your business is called, the industry in which it exists, and what kind of target market is available. First, it looks at datasets existing within, market trends, and industry benchmarks.

Next, the AI will ask for more specific details like your revenue model, how you will market, and your operations plan. As you type this information in, the AI uses its algorithms to create different parts of your business plan.

For example, for financial plans, the AI business plan generator uses past data and current market trends to give you a realistic forecast. It could give you options based on different levels of market penetration, or perhaps even indicate some challenges that your business is most likely to face. All such data analytics make this feature one of the most important characteristics of the AI Business Plan Generator.

You get to review and perfect the first draft of the business plan at this stage. You can make any adjustments you want to with the language, tinker with financial projections, or add whatever personal touches you need so that the final document perfectly reflects your vision.

Top AI Business Generator Tools

Creating an effective business plan is crucial for success. However, the process can be time-consuming and complex. Fortunately, artificial intelligence (AI) has revolutionized business planning, offering powerful tools to streamline the process and generate high-quality plans.

Let us look at the top 10 AI business plan generator tools that can simplify your business planning journey. These tools leverage advanced AI algorithms to automate various aspects of plan creation, saving you time, effort, and potentially, costly mistakes.

While traditionally used for grammar and spell checks, Grammarly also provides a tool for creating business plans. Equipped with AI-driven functionality, it goes beyond suggesting changes to refine tone, style, and clarity. It might highlight complex, complicated sentences and suggest the need for shorter phrasing. This platform ensures your business plan is not only grammatically correct but interesting and professional.

• Real-time suggestions: Grammarly gives real-time feedback while writing, keeping you on track with no errors. 
• Style guide personalization: Customize Grammarly for your kind of write-up style and how you want it; hence, your business plan will be exactly how you want it to sound for your brand.
• Plagiarism checker: You may plagiarize something without knowing. Keep your work original by finding and avoiding plagiarism.
• Compatibility with popular platforms: Work seamlessly in several writing applications, including Google Docs and Microsoft Word.

Visme is known for its visual storytelling, along with its AI business plan generator. It uses charts, graphs, and other visual materials to drive your vision instead of just adding more text. Its templates provide a structured format so your plan is visually attractive and easily readable. Visme lets you work together via collaboration capabilities and makes this the ideal tool for any team that has to work on a single business plan.

• Huge template library: Choose and work on any of the hundreds of professionally designed templates to make an attractive business plan.
• Better UI: Animations, buttons, and hyperlinks are some of the interactive elements that can be used to lighten up your plan.
• Data visualization: Represent complicated information through charts, graphs, and other methods of showing data.
• Brand kit integration: Apply your brand colors, fonts, and logo to your business plan with just a few clicks for absolute consistency.

PrometAI is more than a business plan generator as it will guide you through the whole process of planning. It also assists in conducting market analysis and financial projections by providing insight from industry resources and best practices. Its interactive interface makes it user-friendly, even for those without extensive business planning experience.

• AI-powered recommendations: Receive industry- and business goal-specific suggestions to make informed decisions in the right direction.
• Financial modeling tools: Run accurate financial projections and forecasts using the in-built tools in PrometAI.
• Competitor Analysis: Get insights into the competitors of your industry and the possible areas of opportunity or threat.
• Goal tracking: Set your milestones and track progression toward the realization of your business objectives.

One of the key highlights of Plannit is it is easy to use for generating a smooth flow in business plans. It checks that all information required is captured through a series of questions that ensure that you fill in all the necessary details regarding your business. Therefore, the plan generated is well-organized and comprehensive. Another important feature of Plannit is its flexibility since it allows one to change the output generated into other forms.

• Tailor templates to suit your particular needs and tastes to create a customized plan.
• Scenario planning: Run a variety of “what-if” scenarios to test possible risks and opportunities.
• Team collaboration features: Share your plan with your team members, edit in real-time, and seamlessly collaborate.
• Export options: Export your finished plan in PDF, Word, and PowerPoint formats.

Planpros is a tool for investors and lenders. It tells your story in such a manner that others comprehend how big your business can get. Planpros will prove financial viability and help you to get funding with assured results with its smart AI business plan generator. Its templates are investor-specific, making your chances of pitching it right very good.

• Investor-focused templates: Custom templates designed to impress investors and obtain funding.
• Financial metrics analysis: Based on analysis, key financial metrics are used to assess the performance of your business and its viability.
• Pitch deck creation: Create a professional pitch deck that will accompany your business plan to enhance your presentation.
• Industry-specific insights: Get access to industry-specific data and trends to further inform your planning.

Copy.ai is a great tool for creating excellent business plans. It can write executive summaries, market analyses, or projections on finances. You can make the final changes to its output for refinement, but it takes the time-consuming part out, saving you time and effort.

• AI-generated content: A section output of your business plan can quickly be generated through things like executive summaries or market analyses.
• Tone and style customization: The tool will enable you to customize the tone and style of the generated content to sound like your brand’s voice.
• Keyword optimization: This will help in optimizing your content for search engines, which will bring more views to your website and hence give you more opportunities to gain potential investors.
• Multilingual business plans support: Copy.ai supports multiple languages, and it helps create business plans in different languages targeting a wider geography.

Upmetrics is the rapid prototyping platform for business plans. It will provide you with fast and effective visuals of your ideas; helping you determine how viable they are. Upmetrics provides you with a basic layout so you can work on any loopholes left in your plan. This is helpful if you want some pre-work done before creating a detailed plan.

• Rapid Prototyping: Visualize the basic outline of your business plan in minutes; this gives a rapid overview.
• Financial Projections Calculator: Easily calculate your financial projections to assess the viability of your business.
• Market Analysis Tools: Research your market, and analyze industry trends to inform your planning.
• Export and Share Options: Export your plan in various formats and share it with stakeholders.

Notion AI is a powerful approach to business planning, right inside the popular note-taking app. It would help one with ideas, the organization of thoughts, or even draft sections of a plan.

Notion AI can help people who have to take notes and then make AI-powered suggestions through note-taking, hence providing a more flexible and collaborative environment for business planning.

• Seamless Integration with Notion: Leverage the power of Notion in note-taking and organization for business planning.
• AI-powered suggestions: Get topic, heading, and content suggestions to enhance the structure and clarity of your plan.
• Shared workspace to collaborate on your business plan with team members.
• Customize your look and function to your heart’s desire with your Notion workspace.

Simplified AI Business Plan Generator

As the name suggests, the Simplified AI Business Plan Generator is super user-friendly. It works by asking a set of questions and then generating a basic plan. Since it does not enable advanced customization with this tool, it is better for those who want to create a basic that serves as a foundation for their refined plan.

• User-friendly interface: Easy-to-navigate interface for those new to business planning.
• Step-by-Step Guidance: Use clear instructions and prompts that will walk you through a planning exercise.
• Financial Forecasting Tools: Provide the means to create basic financial projections and forecasts.
• Export Options: Export the completed plan in various formats for sharing or printing.

Wordkraft AI 

It focuses on the linguistic aspects of business planning. It will help refine your writing style, suggest a more impactful phrasing of sentences, and even find potential inconsistencies in your narrative. By helping to make sure your plan is well-written and engaging, Wordkraft AI helps make it more effective.

• Advanced writing suggestions: Get in-depth suggestions to improve writing style, clarity, and persuasiveness in your write-ups.
• Grammar and spelling checks: Make sure your business plan is free from grammatical and spelling errors.
• Suggested words and phrases: Improve your writing by using words and phrases that are more apt.
• Style analysis: Check how your style of writing can be improved and how.

15-Minute Plan AI

Living true to its name, the 15 Minute Plan AI is a quick fix for business planning. This tool is relatively simple and provides an overview of the key things to be included in the plan. While it won’t be as in-depth as many other tools on this list, it is ideal for those types of users who want an overview of their business plan prior to deep-diving into the details of business planning.

• You can quickly generate a rough draft outline for your business plan in as little as 15 minutes.
• Financial Projections Calculator: Make simple financial projections. 
• Market Analysis Overview: A glimpse into the prevailing trends and opportunities in the market.
• Export and Share Options: You can share your plan with others or export for further editing.

AI Pro AI positions itself as a professional business plan generator. By using advanced algorithms and industry information, it creates full-fledged, well-structured plans. Its output is targeted at impressing those investors and stakeholders who need this kind of high-quality, polished business plan.

• Industry-specific templates: Locate templates designed for your specific industry; in this manner, you can be sure that your plan will be relevant and informative.
• In-depth financial analysis: Conduct in-depth financial analysis to determine the viability of your business.
• Competitor Analysis Tools: Assess the strengths and weaknesses of your competitors and thereby find opportunities.
• Customizable Reports: Present customized reports on very particular aspects of your business plan.

Advantages of Using an AI Business Plan Generator

There are several advantages of an AI Business Plan Generator. Therefore, it has become a popular choice for young and experienced entrepreneurs alike. The following are some key benefits:

• Time Efficiency: Traditional business planning can be extremely time-consuming. An AI Business Plan Generator reduces the time to generate a comprehensive plan. So you can devote your time to other important aspects of your business.
• Data-driven insights: AI algorithms sift through an ocean of data to provide you with insights you may well never have thought of. This will include market trends, competitive analysis, and financial projections, everything necessary in the composition of a realistic and viable business plan.
• Less Bias: Human judgment is always susceptible to cognitive biases, which could be conveyed to the business plan. An AI-driven approach helps reduce these biases and helps ensure your plan is objectively data-driven, not opinion-driven.
• Accessibility: An AI Business Plan Generator does not require one to be a business expert to use it. It’s designed to be user-friendly. This tool will guide you and give suggestions for completing a business plan. That makes it very accessible to entrepreneurs at any level of experience.
• Customization: Even though the AI does a good job, you are at will to turn the plan into what you want. Be it adjusting financial projections or refining your marketing strategy, the final product is a true reflection of your business vision.
• Cost-Effective: Hiring a business consultant to make a plan for you will cost a lot. An AI Business Plan Generator offers a more affordable alternative without compromising on quality.

Who Needs an AI Business Plan Generator Benefit and Why?

Since an AI business plan generator is quite flexible, it has a general usage and might be helpful for a large range of users, from a startup founder and small business owner to a corporate executive. It allows a user to generate a plan that will answer stated goals accurately and in the best way against the background of market conditions.

Startup founders: If it’s a beginning, then an AI Business Plan Generator might be handy in rapid ideas on paper. It helps avoid common pitfalls and makes sure one’s plan is comprehensive and realistic.

Small Business Owners: Small businesses possess fewer resources, so it’s crucial that planning is time-effective. The AI Business Plan Generator empowers small business owners to create an instant plan that is on track to grow their objectives and compete more effectively.

Business Executives: There is no reason for an established company not to try an AI-driven approach for business planning. Be it the launch of a new product line or entry into a new market, this AI Business Plan Generator would add much value and smoothen the process in every possible way.

Potential Challenges and Limitations

While the benefits of having an AI business plan generator are rather clear, using one is not exactly without problems of its own. Being informed about these challenges might help you in exploiting the same technology.

1. Lack of Human Touch: AI generators make plans using data and algorithms. So, it may lack refined human touch and creativity which is potentially obtainable through humans. It is finally time to add your insights and vision to the layout to come up with a resonating plan for stakeholders.

2. Data Dependency: Much of an AI Business Plan Generator’s correctness depends on the data. If it is incorrect, then the plan created will not be good enough. So, information has to be cross-verified, and adjustments have to be made.

3. Customization Limits: AI tools are great for customization, but not all of them are built for very specific or unique business plans. In such cases, the plan prepared by the AI tool requires further manual effort to fit the unique requirements of the business.

4. Cost Considerations: While generally more affordable than commissioning a consultant, there might be subscription fees or single-purchase costs associated with AI Business Plan Generators. It is prudent to compare such costs with the probable benefits derivable therefore to ensure value for money in any investment.

Maximizing the Impact of Your AI-Generated Business Plan

You will get the most out of your AI Business Plan Generator if you use it as a tool for optimizing performance. The following are some of the tips to maximize the impact of your AI-generated business plan:

Input Information Accurately: The quality of the business plan produced is related to the quality of the data entered. Ensure the information you provide is accurate, up-to-date, and relevant to your business goals.

Review and Refine: While AI does much of the heavy lifting, it’s important to review the plan with care. Make adjustments to language, financial projections, and strategy that make the final document reflective of your vision and objectives.

Incorporate Feedback: Share the AI-generated plan with your partners, investors, or advisors, seeking their feedback. You can include new insights in the document to further perfect it and underline those themes that might require a re-touch.

Stay Involved: Don’t rely on AI. Handle the process yourself, use the tool only as a complement. Remember that the best business plans take a cross between data-driven insight and human creativity and strategic thinking.

The AI Business Plan Generator represents one giant leap into the future for business planning. In many ways, this has taken the hassle out of a business plan because it automates the development of the most time-consuming sections. This leaves entrepreneurs with the opportunity to focus properly on what they do best: build and develop their businesses. While there are limitations of the tool it is also useful for creating a solid, value-driven, and plausible business plan.

And with AI, there is a lot more in store that will take the business planning process to the next level. The AI Business Plan Generator stands as evidence of such innovation that allows a businessperson to chart a path toward success—to do it more wisely, more quickly, and more effectively.

Whether one is into starting up, small business ownership, or executive management in large corporations, embracing AI in business planning could be a key to realizing the full potential of a venture.

Also Read :  How to Make a Business Expansion Plan ?

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Benefits of Using AI in Business Planning

Ai tools and platforms for writing business plans.

• AI in Business Planning
• Ethical Considerations
• Future Trends

The Bottom Line

How to use ai in business planning.

AI can boost efficiency and accuracy in inventory planning, logistics, data analysis, forecasting, writing business plans, and more

Artificial intelligence (AI) can be used across many aspects of business planning, improving the accuracy and efficiency of processes like inventory planning, logistics, financial and sales analysis and forecasting, and project management. Entrepreneurs looking to launch a new business can also use AI to their advantage in writing a business plan.

However, the specific roles and applications of AI in business planning can vary depending on the nature and requirements of the business or industry.

Key Takeaways

• AI can significantly improve the accuracy and efficiency of data analysis for business planning and help identify new sales and business growth opportunities.
• Incorporating AI in business planning can improve forecasting by offering predictive capabilities.
• Automation of repetitive tasks and processes, such as pulling data for analysis, is another benefit of using AI in business planning.
• Ethical considerations such as potential biases in AI algorithms, as well as technical limitations with AI algorithms, must be addressed in any AI-driven business planning.

Business leaders looking to use artificial intelligence for business planning can benefit from the insights and efficiencies it provides . Here are some of the ways in which businesses can use AI for different business planning applications.

Improved Accuracy and Efficiency of Data Analysis

As many machine learning algorithms are designed to recognize patterns and process a large quantity of data in relatively little time, they can spot trends and offer insights that might not otherwise be evident. This can help in analyzing and deriving insights from large volumes of customer, order, financial, or other business-related information.

Enhanced Forecasting and Predictive Capabilities

Also referred to as predictive analytics , the ability of AI to make inferences about future outcomes using existing data can be a huge asset across many different business areas. For example, the food service company Sysco uses AI for inventory management as well as warehouse and delivery logistics planning. Another impactful business application for predictive AI models is financial and inventory planning.

Automation of Repetitive Tasks and Processes

Any business planning workflow that currently includes a manual, rote, or repetitive task might be a good candidate for automation using AI. Examples might include pulling data into a spreadsheet for analysis, generating or formatting data, processing documents or information, or requesting approvals.

Identification of New Business Opportunities

AI can help identify new growth strategies and opportunities in marketing and sales. Using AI-enabled customer relationship management (CRM) software can offer insights on lead generation, upsell or cross-sell opportunities, and customer service strategies. It can also provide businesses with the data to better personalize their offerings and target different segments of their customer base.

Many generative AI tools and software platforms are available to assist entrepreneurs with the task of writing a business plan. Here is a list of popular AI-based business plan generators.

Although not a dedicated business plan generator, ChatGPT is one of the most well-known and accessible generative AI tools. Users can prompt ChatGPT to quickly generate ideas, draft outlines or sections, and edit or make text suggestions.

However, any information that ChatGPT provides on things like market research may not be up to date or reliable. Any data and references should be double-checked to ensure both factual and contextual accuracy, and the writing should be reviewed to ensure it aligns with the writer’s desired tone of voice.

Although a free version is available, a paid subscription to ChatGPT Plus costs $20 per month.

Notion is an AI-enabled workspace and project management tool. Although it can be used for more than just generating a business plan, Notion offers both free and paid AI-supported business plan templates.

As an AI-powered productivity tool, Notion can help users quickly generate text as well as automate workflows and tasks. This makes it a useful option for those who wish to use it for individual and team project execution as well as planning.

However, for those who simply wish to generate a business plan, the platform may present a bit of a learning curve and require an investment of time to understand how to use it properly.

Notion has a free plan, but its paid plans start at $8 per month.

ProAI is an AI platform specifically tailored to business planning, research, and strategy solutions. It has dedicated tools for generating business plans, financial models, and pitch decks, as well as an AI business advisor that users can consult. It can also guide users in raising capital, including suggesting investors, funding amounts, and approaches.

Users input their business information and goals and link their social media, analytics, accounting software, and other data to the program, and it learns and adapts accordingly. As such, ProAI is a good tool for those looking for accuracy and assistance with financial projections.

However, compared to other tools, ProAI can take considerable time to generate a business plan (up to several days, depending on the depth and level of customization required). There are also potential privacy concerns associated with the sensitivity of data being shared.

ProAI is one of the more expensive AI business plan generators on the market, with plans starting at $199 per month.

Simplified is another workflow and productivity tool, with a suite of AI-powered programs to help users create all kinds of content, manage social media channels, and more. Their AI writing tool can offer suggestions and includes templates for specific types of business plans, from food trucks to real estate services.

Simplified’s business plan generator is geared toward solo entrepreneurs, small businesses, and startups. As it is easy to learn how to use, it is a good option for those who don’t want to invest significant time in understanding a new software. It can also generate different types of content, integrate with other platforms, and allow multiple users to collaborate, making it a useful tool for project management and execution.

However, the tool as a whole is not specifically designed for business planning, so it can be limited in terms of data analysis and industry-specific details.

Up to 2,000 words can be generated for free; after that, paid plans start at $11 per month.

As a dedicated business planning tool, Upmetrics promises to simplify business planning with its AI-powered insights. It includes an AI assistant, a business plan builder with over 400 customizable sample plans, and a pitch deck creator. It also offers financial forecasting and templates to suit different business models.

Upmetrics can both generate and edit text, and users can adjust the tone of the content as well. It also offers users the ability to collaborate on documents, design cover pages, and drag and drop sections into the template.

Potential downsides might include privacy concerns around sharing financial and other business data, as well as relatively limited template options and customization options.

Upmetrics plans start at $7 per month.

AI can be used for business planning at many different stages, starting from when the initial vision for the business is being created. Here’s how to incorporate AI into your business planning.

• Write a business plan with an AI business plan generator . Whether you use one of the generators mentioned above or one of the many other tools available online, AI-enabled writing programs can provide anything from a draft outline to a comprehensive document to work from. Don’t rely entirely on AI for a finished product, however; it’s important to review and check your business plan for things like accuracy, tone, and flow.
• Use AI-powered automation to improve your business operations . To optimize the day-to-day operating processes of your business, pinpoint any workflows that include manual, rote, or repetitive tasks, such as note taking, data entry, or transcription. Then seek out AI automation tools to save time, make the tasks more efficient, and reduce errors.
• Analyze your business data with AI . As your business starts to generate data, whether from leads, orders, sales, customer interactions, social media, or finances, AI can be helpful in capturing and analyzing it. In turn, this data can provide crucial information for making decisions about the future of the business in terms of both offerings and growth opportunities.
• Capture insights with AI to forecast, plan, and set goals . Predictive AI models can be a huge asset in business planning, helping entrepreneurs draw conclusions about future states of business based on historical and current data. While this has obvious applications for business financials, it can also be useful for consumer trend forecasting, customer service, and logistics and inventory planning.

Ethical Considerations in AI-Driven Business Planning

As with any AI application, using AI for business planning is not without ethical concerns.

It’s important to be transparent about the use of AI to both stakeholders and customers in order to maintain relationships of trust and accountability. It’s good practice to make it clear to customers when they are interacting with AI, as with an AI chatbot or a piece of writing generated by AI, for example.

It’s also important to communicate with stakeholders, employees, and decision makers about the reasons for choosing to implement AI in the business and how it will be used, monitored, and maintained so that the appropriate policies and oversight are put in place.

Understanding and communicating how any AI model is programmed and why is also an important accountability and ethics consideration. Many AI models have been shown to reproduce patterns of bias and discriminatory behavior when it comes to gender, race, and other aspects of identity. For example, fintech software algorithms have been shown to replicate historical behaviors of discrimination against marginalized and racialized individuals because those algorithms learn from historical datasets.

Future Trends of AI in Business Planning

As AI models improve and their applications become more mainstream, expect to see AI becoming a feature in all kinds of programs, from financial software to go-to office productivity suites. This will offer both easily accessible information and automation.

Businesses will be able to create ever more personalized offerings for their customers, thanks to AI integrations in CRM software that can draw insights from large volumes of customer data.

AI tools are also changing the competitive landscape of business and entrepreneurship by making previously specialized creative and technical skills like writing, designing, and coding more accessible.

Companies that nimbly adopt and develop strategies to use AI may unlock a significant advantage, though soft skills and a human touch remain as important as ever. A 2023 survey by software company Redpoint Global found that although 73% of consumers believe there to be a positive potential for AI in customer experience, 77% of consumers believe that positive customer experiences still require human interaction.

Can I Use ChatGPT to Write a Business Plan?

Among other types of content, ChatGPT can help users quickly generate a business plan by providing ideas, drafts, outlines, or suggestions. However, it’s advisable to review and validate any information that it provides to ensure it’s up to date and accurate.

Are There Free AI Tools for Writing Business Plans?

Many free generative AI tools, like ChatGPT, can assist in writing business plans. Notion and Simplified are examples that include business plan templates for specific types of businesses.

What AI Tools Can Be Used for Business Strategy?

Upmetrics and ProAI are two dedicated business planning AI tools that can provide research, strategy, financial forecasting, and presentation templates.

AI can contribute to better efficiency in business processes, identify opportunities for growth, and provide insights by analyzing large volumes of data, making it a great asset to business planning. However, it’s worth taking a step back before implementing any AI tool in business planning to assess where and how AI can have the most impact.

Just like any other digital tool or technology, AI should be used to complement and bolster existing and future workflows, and should be implemented with an eye to both strategy and accountability.

U.S. Government Accountability Office. “ Artificial Intelligence’s Use and Rapid Growth Highlight Its Possibilities and Perils .”

Google Cloud. “ What Is Predictive Analytics? ”

Massachusetts Institute of Technology, MIT Sloan School of Management. “ Incorporating Generative AI into Your Company’s Technology Strategy .”

CO— by U.S. Chamber of Commerce. “ AI and CRM: Combining Two Powerful Technologies to Grow Your Small Business .”

OpenAI Help Center. “ What Is ChatGPT Plus? ”

Notion AI. “ Product Page .”

ProAI. “ Homepage .”

CO— by U.S. Chamber of Commerce. “ How to Use AI Tools to Write a Business Plan .”

ProAI. “ Pricing Page .”

Simplified. “ Generate a Business Plan for Small Business .”

Simplified. “ Homepage .”

Upmetrics. “ Homepage .”

TrustRadius. “ Upmetrics .”

CNBC. “ A.I. Has a Discrimination Problem. In Banking, the Consequences Can Be Severe .”

Harvard Business Review. “ Building Transparency into AI Projects .”

Massachusetts Institute of Technology, MIT Sloan School of Management. “ How Generative AI Is Changing Entrepreneurship .”

U.S. Small Business Administration. “ These Small Business Trends Look to Shape 2024 .”

Redpoint Global. “ 73% of Consumers Believe AI Can Have a Positive Impact on Their Customer Experience .”

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How CEOs Are Using Gen AI for Strategic Planning

by Graham Kenny , Marek Kowalkiewicz and Kim Oosthuizen

Summary .   

For business leaders, especially at relatively small companies, the idea of applying gen AI to strategic planning is mouthwatering.  This article explores the potential and limits of AI in helping such companies chart their strategies.  Through the lens of two disguised case studies the authors show how gen AI can help companies identify some challenges and opportunities that managers missed, overcoming the human biases, but by the same token missed some possibilities rooted in the company’s specific capabilities. And although gen AI was less able to imagine possible future scenarios because its forecasts were entirely rooted in historical data, clever promoting enabled it to surface issues and questions that human managers ignored.  The authors conclude that knowing gen AI’s weaknesses allows managers to take advantage of its strengths. The key is to view gen AI as a tool that augments, rather than replaces, your strategic thinking and decision-making.

The business community is all atwitter at the prospect that gen AI — through the likes of ChatGPT, you.com, and Claude.ai — will revolutionize business decision-making. Sam Altman, CEO of OpenAI, even declared “you are about to enter the greatest golden age of human possibility.”

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Top 12 AI Platforms for Business in 2024

With artificial intelligence (AI) gaining popularity every day, it’s no wonder so many companies want to use AI-powered tools to their advantage. The only problem is, which tool is right for their needs? 

In today’s digital era, 73% of US companies use AI in some aspect of their business, whether for brainstorming ideas, writing code, or generating text and images. 

But with so many good tools that do literally everything , it’s hard to figure out which AI-powered tool to start with. Do you want predictive analytics or a tool that streamlines the design lifecycle? 

Either way, you need a guide to start with. Luckily, you’ve stumbled upon the best resource for this topic, as we’ll explore the benefits of an AI platform, how to choose the right one, and the top 12 tools for your business. 

What is an Artificial Intelligence Platform?

An AI platform is software that performs different tasks usually performed by humans, such as learning, reasoning, problem-solving, etc. These platforms use AI, machine learning (ML), and natural language processing to develop, deploy, and manage AI apps. 

Basically, AI platforms help developers and businesses build AI-powered solutions more efficiently, with less expense and fewer resources. 

In general, they have data processing capability, facilitate training for the models, and offer tools for visualizing data and performance.

So, now you know what’s what . Let’s go straight into the crux of the problem and see the top 12 AI platforms. 

What are Some Top AI Platforms?

So, you’re curious about the best AI platforms for businesses. We were also curious about them; that’s why we’ve spent hours searching for the best AI tools that will streamline your business workflows.

Here they are: 

• Guru – Best AI-driven platform for streamlining your knowledge base. 
• Rasa – Best AI-powered platform for building conversational AI chatbots and assistants. 
• Vertex AI – Best beginner-friendly platform for building virtual assistants and applications. 
• Microsoft Azure – Best platform for building generative AI models and apps. 
• OpenAI ChatGPT – Best chatbot and AI assistant that mimics human conversation on any topic. 
• H2O.ai – Best AI-driven solution for gathering valuable information from datasets and documents. 
• TensorFlow – Best open-source library for building and deploying ML models. 
• IBM Watson – Best platform for building, training, validating, and deploying AI models. 
• Amazon SageMaker – Best AI platform for building and deploying ML models. 
• PyTorch – Best deep learning software for building AI applications. 
• Claude.ai – Best next-gen AI assistant for automating various tasks. 
• Dataiku – Best AI-powered platform for deploying and managing data and analytics. 

These platforms all sound nice in theory, but do they live up to their name? The answer is yes, they do. Find out for yourself by reading on... 

Guru is more than just a simple tool. It’s an enterprise AI, wiki, and intranet — all in a single platform. 

What Guru does is take your company’s collective knowledge and use AI to push relevant (and timely!) information to those who need it most. Without switching apps, mind you.

So, you get a centralized source of truth for all your company knowledge as Guru captures information from all your chats, docs, and apps. Whenever someone raises an inquiry, they can get the answers quickly. 

Besides, Guru integrates with OpenAI’s ChatGPT to help people get answers and find inspiration without leaving ChatGPT. This powerful combination of tools allows you to access your company’s knowledge more easily. 

“ I use it every day. It’s very user-friendly . It works just like Google, all you need [...] is [...] a keyword and bang — you’ll find what you’re looking for. ” 

Want to learn more about Guru? Watch our on-demand demo video now! 

Top features

• AI-powered content suggestions: Guru’s AI will offer employees useful answers based on what they’re working on.
• Customization options: Make Guru feel like your personal home base by customizing it with your logo, brand colors, etc. 
• Templates: If you’re out of ideas or don’t know where to start, Guru has pre-built templates that make it easier for you to create content.

Guru is the perfect solution for companies of all sizes that want to streamline their knowledge. 

Rasa is an AI-powered solution that lets companies of all sizes build AI chatbots and assistants that offer conversational experiences and automated interactions to customers. 

It’s a good tool for improving your customer service because it lets you build AI assistants through a mix of a no-code user interface and a conversational AI engine. 

As a result, Rasa enables more nuanced and meaningful interactions and conversations with your customers, and can respond to inquiries via natural language processing (NLP) capabilities. 

But it’s also built with state-of-the-art security measures, so enterprises can rest assured that it won’t use personal data without their permission. 

“ Rasa is an open-source framework for building conversational AI . It is more customizable for different use cases and business problems. ” 

• Drag-and-drop interface: Rasa’s user interface is easy to use and is very effective for cross-team collaboration. 
• Deployment modes: You can choose to deploy the chatbot on-site or in a private cloud, giving you the flexibility to control your data. 
• Multi-channel customer experience: With Rasa, you can engage your customers in 10 built-in messaging channels, all powered by a backend assistant. 

Rasa is ideal for industries such as financial services, healthcare, telecom, travel, and transport due to its advanced features. 

3. Vertex AI

Vertex AI is Google’s centralized platform powered by AI, a tool that offers all of Google’s functionalities in a single place. 

It has a single purpose: to train machine learning and AI models and make it easier to deploy them at scale. What this means is that you automate the model development process and build helpful chatbots faster. 

But you can also customize large language models (LLMs) to use in various AI apps, significantly boosting your productivity. 

Moreover, it’s a great solution for maintaining consistency and creating AI models of the same quality and with minimized errors. 

“ Vertex AI makes it easy to prepare data, train models, and deploy them. The tools and services work well together, which saves time and effort. ” 

• AutoML: This feature helps beginners build their own custom ML model easily and works for various Google applications. 
• Model versioning: With Vertex AI, it’s super easy to keep track of your model’s versions and monitor its performance. 
• Pre-trained APIs: Even if your developers have no prior experience, it’s easy to integrate videos, translation, and NLP into the models with this tool. 

Vertex AI is a good solution for ML engineers and developers since it’s so beginner-friendly. 

4. Microsoft Azure

Microsoft Azure offers a platform that deploys generative AI solutions. It uses the latest open and multimodal models for fast innovation and lets you build the perfect tool for your use case. 

To create the AI apps they want, developers can use their favorite tools and language to code the model, as well as an open-source framework that makes it easier to deploy them. 

That’s not all — you can also accelerate machine learning projects through capabilities like model development and training and data preparation. 

“ I feel Microsoft Azure is an easy-to-use cloud platform for all of the company's needs in the information technologies, from renting a virtual machine to AI-powered application deployment. ” 

• AI search: Using a combination of advanced retrieval augmented generation (RAG) and modern search, Azure can deliver intuitive responses every time. 
• Phi-3 open models: Azure uses small language models (SMLs) that maximize AI’s capabilities with lower resource use and latency. 
• ML prompt flow: Using agile prompt flows, you can simplify the way you use AI solutions throughout the entire ecosystem. 

Microsoft Azure is a solution built for the IT industry. 

5. OpenAI ChatGPT

ChatGPT — as you well know by now — is a popular chatbot and virtual assistant created by OpenAI. Using LLMs, ChatGPT can mimic human conversations and respond to questions easily. 

With ChatGPT, you can ask questions or ask it to generate images or text via prompts. Simply write the request and ChatGPT will do its best to generate an answer in real time. This makes ChatGPT an ideal solution for researching topics, learning new skills, or creating content. 

ChatGPT is so intelligent that it can follow up on questions, admit its mistakes (if it makes any), and reject inappropriate requests. In short, it’s like chatting with a friend rather than a computer. 

“ ChatGPT is a wonderful tool that helps in our daily tasks, from generating captions and text copies to solving Excel tasks. This is incredible if you know how to give the right prompts! ” 

• Image generator: Aside from crafting text, ChatGPT also helps with generating high-quality images and art, based on text prompts. 
• Voice and audio recognition: You don’t need written text to ask ChatGPT anything. This helpful chatbot recognizes accents and different languages and can respond to prompts easily. 
• Code writing: ChatGPT is the perfect companion for developers who want to write code or learn different languages. 

You can use ChatGPT for anything, as it has general knowledge about every topic. It’s great for personal and professional use. 

H2O.ai is a cloud-based AI solution that has one goal: to increase business productivity. How? By drawing valuable and actionable insights from data (both structured and unstructured) to try solving complex problems. 

Moreover, it’s a trusted AI provider that helps enterprises of all sizes be more strategic and accelerate innovation. H2O offers multiple functionalities, such as open-source distributed machine learning, automatic machine learning, and a solution for business users. 

Through predictive and generative AI, H2O focuses on supercharging your productivity by processing hundreds of documents in different ways, such as translating, summarizing, or inspecting them. 

“ Easy to use with good UI design and automated ML function. Driverless AI has strong capability [in] auto feature engineering and system visualization. ” 

• Driverless AI: This feature works by delivering autoML capabilities created specifically for making AI, using automation combined with data science. 
• Hydrogen Torch: H2O offers a no-code deep learning toolkit that helps you train AI models faster and better. 
• Document AI: Through artificial intelligence, H2O can extract valuable information from your documents easily. 

H2O is an open-source platform suitable for data scientists and companies in multiple industries. 

7. TensorFlow

TensorFlow provides an open-source library that businesses can use to build ML algorithms that run in every environment. 

TensorFlow offers assistance in all the stages of the development process, from processing data to deployment to debugging. Developers can build ML apps in different programming languages, such as Python, Java, C++, etc. 

In a nutshell, TensorFlow makes it easy to build machine learning platforms at scale. 

“ The way it handles the data and the community support, it has [been] a [godsend] . Developing and maintaining the code base is really easy with TensorFlow. ” 

• Flexibility: TensorFlow is a flexible tool that allows you to make modular or standalone ML models. 
• Parallel neural network training: TensorFlow can help you train multiple neural networks and GPUs and streamline your pipeline. 
• Open source: TensorFlow is free to use for everyone, allowing you to build and deploy the best machine learning model. 

TensorFlow is for businesses, developers, and researchers that want to build high-quality ML models. 

8. IBM Watson

IBM offers a state-of-the-art studio where people can build, train, and deploy AI models. It’s called watsonx.ai and it combines generative AI capabilities with foundation models and traditional machine learning to streamline your processes. 

It’s much easier to build AI apps this way than doing it on your own. With watsonx.ai, it takes less time and less data due to its easy-to-use tools and more refined prompts. 

You can choose from different models (which means the tool is flexible) like the Granite, open-source, or third-party models. But you can also bring your own custom model. 

“ The ease of use and access , plugging an LLM [into] a website to scrape pages and produce output in a jiffy. The integration is easier, you can plug [into] any existing applications and launch a chatbot on your website. ” 

• Flows engine: watsonx.ai simplifies the generative AI development process through intuitive flow language, which makes apps easier to deploy to the cloud. 
• Tuning studio: IBM offers a tuning studio where you can optimize and prompt-tune your models for better performance and accuracy. 
• Prompt lab: Users can use the Chat, Freeform, and Structured modes to tinker with their prompts and craft the best model. 

IBM watsonx.ai is for businesses of all sizes and industries. 

9. Amazon SageMaker

Amazon SageMaker is a platform where data scientists and developers can build, train, and deploy machine learning models at scale. 

Since it’s a fully managed service tool, SageMaker offers a range of tools (such as debugging, pipelines, MLOps, etc.) that make it easier, effective, and low-cost to build high-performance ML models for any use case. 

Anything you need, SageMaker can provide. It’s a solution that also excels at building financial management systems (FMs) by using LLMs trained on massive datasets. 

“ SageMaker makes it very easy to train and deploy models. The managed infrastructure allows us to focus on business logic without needing to deal with things like cluster management, autoscaling, etc. ” 

• Canvas: This functionality allows you to build accurate ML models via a very intuitive and visually appealing interface. You don’t need coding experience to use it. 
• Data wrangler: With SageMaker, it’s easier to aggregate and prepare image or tabular data in minutes rather than months. 
• Notebooks: You can build machine learning models with notebooks, code, and data in the integrated development environment (IDE).

Amazon SageMaker is for teams of all sizes in different industries, including cybersecurity, financial services, etc. 

10. PyTorch

PyTorch, developed by a research lab, is deep learning software offering multiple frameworks for building AI applications. 

What PyTorch provides is a user-friendly interface that makes it easy to build deep learning models easily in different programming languages. 

This open-source framework is ideal for beginners who want to dabble in this industry and build intelligent AI applications. 

“ One of the things I really appreciate about PyTorch is how user-friendly it is . It makes the complex realm of learning more accessible, which is fantastic. [...] It feels effortless to implement ideas thanks to its integration with Python [...] ” 

• Distributed training: Through torch.distributed backend, you can work on performance optimization and scalable distributed training in research. 
• Robust ecosystem: PyTorch has thousands of tools and libraries that support the development of NLP, computer vision, etc. 
• Cloud support: All major cloud platforms support PyTorch, so you can rest assured that it’s easily deployed on these channels. 

PyTorch is a great tool for businesses in industries such as healthcare, retail, education, manufacturing, etc., that want to use AI technology.

11. Claude.ai

Claude.ai by Anthropic is a next-gen AI assistant similar to ChatGPT in the sense that you can ask it to do anything , whether that’s brainstorming ideas or providing data analytics. 

Powered by constitutional AI, Claude puts a heavy emphasis on security and data privacy. 

Moreover, Claude can process large amounts of data, generate text, and help you understand difficult subjects. You can even tailor it to fit your needs, use cases, and requirements. This allows you to focus on what matters most instead of wasting time. 

“ What’s most useful about Claude is the AI’s ability to flow more naturally . I like that responses feel more like human-to-human conversation. ” 

• Task automation: Claude assists with a wide range of tasks, such as writing code, drafting emails, etc. 
• Data analysis: Claude helps you get valuable insights out of your data and even interprets the result. 
• Language translation: Claude is capable of translating multiple languages. 

Claude is useful for companies of all sizes. 

12. Dataiku

Our list ends with Dataiku, your everyday AI platform for building, managing, and deploying data and analytics. 

With Dataiku, you can build data into your daily operations, from generative AI apps to AutoML to MLOps. From one centralized end-to-end place, you can build projects faster, in days instead of weeks, and foster collaboration among team members. 

“ The ability to automate tasks like model deployment and report generation is a game changer. Dataiku frees up data scientists to focus on higher-level analysis and innovation [...] ” 

• Data preparation: Dataiku allows coders and non-coders to access and explore project data in a shared space. 
• Generative AI: With Dataiku, you can build generative AI applications at scale. 
• Visualization: Dataiku’s built-in functionalities are perfect for data profiling, charting, and more, using tools like pie charts, heat maps, tables, etc. 

DataIku is for diverse companies and different use cases. 

So many good tools, so little time to get to know them all. If one piqued your interest, then go ahead and research it further.

If you’re not convinced yet, let’s go through the benefits of using AI platforms. 

What are the Benefits of Using AI Platforms?

AI platforms have plenty of benefits, one of them being an increase in revenue. On average, companies can expect a 6% to 10% revenue growth from the adoption of AI, so it’s highly profitable to invest in AI-powered tools now .

But there are other advantages, such as: 

• Automating repetitive tasks: The biggest benefit of AI platforms is their ability to automate mundane tasks and free human workers to focus on more strategic activities. By improving workflows and operations, you’ll enable increased productivity and even speed up task completion time. 
• Minimizing errors: We all make mistakes, we’re human after all. But some mistakes are too costly to ignore. AI platforms reduce the chance of manual errors and are less likely to make mistakes when it comes to data entry.   
• Enhancing customer experience: There are many AI virtual assistants out there that help streamline the customer experience by answering questions and being there for customers when they need it most. Moreover, chatbots are great for generating highly personalized messages that help customers find the best solution for their issues. 
• Enabling better decision-making: AI platforms do one thing well and that is to analyze data and trends and come up with innovation opportunities. With this unbiased data analysis, you can make better decisions regarding your business and its operations. 

Sure, AI algorithms do have their benefits, even increasing leads and appointments by as much as 50%. 

But they also have their share of challenges. Let’s take a look at them. 

What are the Potential Challenges of AI Platforms?

As much as we want it to be, AI is far from perfect. Whenever you invest in AI services, you have to get ready for the following challenges: 

• Cost: Building an AI platform requires time and resources. If you want it to be complex, with multiple functionalities, then the costs for its development might run a bit high. Plus, it needs to be updated, so it must use the latest technology to operate. 
• Security risks and privacy concerns: Many people are concerned about how AI solutions use their personal data, especially if used without consent. Besides, AI is vulnerable to cyberattacks, as it can be manipulated to cause potential harm. 
• Data dependence: AI thrives on data. Without data, AI platforms can’t perform the tasks they’ve been assigned to. AI requires high-quality data — a good amount, too — to stay up-to-date and perform effectively. 
• Bias and fairness: Depending on the data you feed it, AI can come up with risky and discriminatory content that might harm your reputation if unchecked.

It doesn’t sound that bad. The benefits outweigh the cons, so you should still consider investing in AI platforms if you want to. 

Next, let’s see how to choose the best AI platform for your business. 

How to Choose the Best AI Platform for Business

There are three selection criteria when it comes to choosing the AI platform of your dreams: 

• Key features: There are so many features the AI platform should have, it’s gonna take a while to mention them all. Consider platforms with AutoML (so it automatically chooses the best algorithm), collaboration tools (multiple users can work together), and continuous improvement to keep data fresh. Another thing to keep in mind is integrations, if the new AI tool is to fit perfectly with your existing tools. 
• Core functionalities: AI platforms should be able to clean and process data to be usable. But they should also train models using various algorithms, evaluate the reliability of the ML or AI models, and deploy them. 
• Usability: Make sure the AI solution is easy to use and has an intuitive interface, so even beginners can build apps really quickly. Also, look for tools that have drag-and-drop features and learning resources in case you’re stuck on something. Responsive customer support is also a must-have. 

Seems like we’ve included all there is to know about AI platforms. Hopefully, it has guided you in the right direction and convinced you to make the right decision. 

But there’s only one true decision…

Over To You!

…and that is Guru! 

Guru is the perfect AI-powered solution that helps you manage your internal and external knowledge and create helpful wikis. With this tool, you can take your company’s knowledge to new levels and get relevant info whenever you need it most. 

So, ready to have data at your fingertips? Sign up for Guru today to see how it feels.

Key takeaways 🔑🥡🍕

What is the best platform for ai.

The best platform for AI depends on the use case, but popular choices include Google AI Platform, Amazon Web Services (AWS), and Microsoft Azure AI.

What are artificial intelligence platforms?

Artificial intelligence platforms are frameworks or tools that provide infrastructure, tools, and services to develop, train, and deploy AI models and applications.

What are the top 10 AI tools?

The top 10 AI tools include TensorFlow, PyTorch, IBM Watson, Google Cloud AI, Microsoft Azure AI, Amazon SageMaker, OpenAI, H2O.ai, DataRobot, and KNIME.

What are the 4 types of AI systems?

The four types of AI systems are reactive machines, limited memory, theory of mind, and self-aware AI.

What is the AI software?

AI software refers to programs and applications that use algorithms to simulate human intelligence, such as machine learning frameworks, natural language processing tools, and computer vision software.

What is the most popular AI software?

TensorFlow and PyTorch are among the most popular AI software used by developers and researchers for building machine learning models.

What are the 4 types of AI software?

The four types of AI software are machine learning platforms, natural language processing tools, computer vision software, and robotic process automation.

Is there a free AI I can use?

Yes, there are free AI tools and platforms available, such as Google's TensorFlow, OpenAI's GPT models, and IBM Watson Studio's free tier.

What is the best AI program available?

The best AI program depends on specific needs, but TensorFlow, PyTorch, and IBM Watson are widely regarded for their robust features and community support.

Which program is best for artificial intelligence?

TensorFlow is often considered the best program for artificial intelligence due to its comprehensive library, ease of use, and extensive community support.

Can I use AI for free?

Yes, many AI platforms and tools, such as Google Colab, TensorFlow, and OpenAI's GPT, offer free tiers or open-source versions.

What is the AI app everyone is using?

ChatGPT by OpenAI is a popular AI app widely used for natural language processing and conversational AI tasks.

The 8 Best AI Tools for Small Businesses and How to Use Them

In the rapidly evolving business landscape of 2024, artificial intelligence (AI) tools have become indispensable for small businesses looking to stay competitive. These AI-powered solutions can help streamline operations, enhance customer experiences, and drive growth. Here are eight of the best AI tools for small businesses and how to effectively use them:

Table of Contents

Pipiads is a game-changing Facebook ads spy tool that revolutionizes ad strategy and product selection for small e-commerce businesses.

Key benefits:

• Comprehensive ad library: Access millions of successful Facebook ads examples across multiple platforms to inspire your own campaigns.
• Data-driven product discovery: Identify trending products with high potential for your target market.
• Competitor analysis: Gain insights into your rivals’ strategies, including ad spend and conversion rates.

Price: Starting at $77 per month

Claude is a versatile AI assistant that can handle a wide range of tasks, making it an invaluable asset for small businesses with limited resources.

• 24/7 customer support: Handle customer inquiries round the clock, improving response times and customer satisfaction.
• Content creation: Generate high-quality product descriptions, blog posts, and marketing copy.
• Data analysis: Process and interpret complex data sets to inform business decisions.

Price: Free plan available, Pro plan starts at $20 per month

3. Monica.im

Monica.im is an AI-powered Chrome extension that acts as a productivity multiplier for small business owners and their teams.

• Multilingual content generation: Create and edit content in multiple languages, perfect for businesses targeting global markets.
• Quick research tool: Summarize articles and videos for efficient market research and competitor analysis.
• AI-powered image generation: Create unique visuals for marketing materials without graphic design skills.

Price: Pro plan starts at $9.90 per month

HeyGen is an AI video creation platform that enables small businesses to produce professional-quality videos without extensive resources or technical skills.

• AI-generated avatars: Create lifelike presenters for your videos without hiring actors or using your own staff.
• Customizable templates: Quickly produce videos for various purposes using pre-designed, industry-specific templates.
• Multilingual video creation: Generate videos in multiple languages to reach a global audience.

Price: Creator plan starts at $29 per month

5. Adcreative AI

Adcreative AI is a powerful tool that streamlines the ad creation process, allowing small businesses to compete with larger companies in the digital advertising space.

• AI-generated ad creatives: Produce eye-catching visuals for various ad platforms using advanced AI algorithms.
• Data-driven copywriting: Create compelling ad copy based on successful ad patterns and your specific audience.
• Performance analysis: Get AI-powered insights on ad performance and suggestions for improvement.

Price: Starter plan begins at $29 per month

6. MidJourney

MidJourney is an AI image generation tool that empowers small businesses to create unique, high-quality visuals for their marketing and branding efforts.

• Text-to-image generation: Create custom images based on text descriptions, perfect for unique product visuals or marketing materials.
• Style customization: Generate images in various artistic styles to match your brand aesthetic.
• Rapid iteration: Quickly produce multiple variations of an image concept to find the perfect visual.

Price: Basic plan starts at $10 per month

7. Clerk.io

Clerk.io is an all-in-one e-commerce personalization platform that helps small online businesses deliver tailored shopping experiences to their customers.

• Personalized product recommendations: Increase average order value with AI-driven product suggestions.
• Optimized site search: Improve user experience and conversions with intelligent search functionality.
• Automated email marketing: Create and send personalized email campaigns based on customer behavior and preferences.

Price: Pro plan starts at $25 per month

8. Jasper AI

Jasper AI is a versatile content creation tool that can significantly boost a small business’s content marketing efforts.

• Diverse content generation: Create blog posts, social media content, and marketing copy in various tones and styles.
• SEO optimization: Generate content optimized for search engines to improve organic traffic.
• Brand voice consistency: Maintain a consistent brand voice across all content with customizable settings.

Price: Creator plan starts at $49 per month

By leveraging these powerful AI tools, small businesses can enhance their operations, improve customer experiences, and compete more effectively in today’s digital marketplace. Each tool offers unique capabilities that can be tailored to your specific business needs, helping you drive growth and success in 2024 and beyond.

Related Posts:

RESEARCH REPORT

Going for growth

Navigating the great value migration in the age of AI

5-MINUTE READ

September 5, 2024

• Despite early positive signals surrounding AI's potential, many companies remain in search of the full commercial impact and AI growth opportunity. 
• Growth is no longer solely a function of strengthening core business capabilities...instead AI is radically changing where value is found and pursued.
• Companies that pursue AI-enabled growth strategies along three growth horizons stand to significantly outperform their peers.

The growth potential for companies delivering AI-based solutions and services to corporate buyers is clear. The return for the great majority of other Global 2000 companies is less so. But the success to date of top-performing AI adopters serves as an indicator of the potential growth opportunities available from AI and gen AI for everyone else. 

For example, Accenture analysis reveals that, since 2022, companies with the greatest AI maturity have been growing 3 percentage points more (or 4.7x) year over year than companies with the least maturity.

Business leaders and investors are confident that AI is here to stay. They aren't investing in it as an antidote to market disruption; rather they proactively embrace AI as a strategy to gain insights and activate entirely new growth models. And while cost optimization and efficiency have been AI’s early business headliners, AI is proving its potential to elevate competitiveness, expand markets, and deliver exponential growth for companies. These opportunities enhance core business activities and customer experiences, enable reaching new customers in new ways, and facilitate the development of new offerings and revenue models.

Companies that effectively adopt and apply AI will find and capture new growth opportunities across three horizons, providing a pathway to tangible value for companies. 

Companies that successfully pursue AI-fueled reinvention have delivered top-line performance 15% more than their peers—a figure that’s expected to more than double by 2026 .

Companies with differentiated AI strategies operationalized for value experienced a 3x increase in total shareholder return over a 5-year period.

of executives say they’re using AI extensively for new product and service ideas, to identify new markets, to scale innovation and for other strategy-related decision making .

It's estimated that growth and expansion will be the dominant goal of AI at 67% of companies by 2029 1 .

Three horizons for AI-fueled growth

With AI at their disposal, savvy business leaders can embrace agile, end-to-end and highly connected strategies and approaches that address persistent market volatility while unlocking sustainable growth. Companies that make strategic investments in AI are able to pursue exponential growth opportunities along three crucial horizons:

• by amplifying and accelerating core business capabilities and assets;
• by expanding reach into adjacent growth areas;
• and by activating new and entrepreneurial revenue models.

All of these opportunity areas are enabled by a strong digital core .

Growth amplifier

This growth horizon involves using AI to amplify and accelerate the core business. Companies doing this are growing their top-line revenues by reaching underserved market segments and better anticipating the needs of existing buyers.

Growth expander

This growth horizon uses AI to expand into new markets or pursue industry-adjacent value. AI helps companies reposition and extend their existing IP, assets and services in more market-relevant ways or develop new, connected, service-rich solutions.

Growth entrepreneur

Horizon three encompasses the greatest growth opportunities for companies that employ AI to activate new revenue models at speed that, in effect, reshape industry value chains and deliver disproportionate growth over time.

Internal and external pressures are forcing business leaders to rethink their legacy revenue models and approaches to strategic business planning. AI and Gen AI, employed in the right ways, offer a promising path forward. Leaders can anticipate market movements and quickly connect with stakeholders in new ways. They can identify emerging growth opportunities, value pools and even risks with greater certainty. And they can quickly activate new programs to drive sustained growth.

To take advantage of AI-enabled growth potential across all horizons, there are four focus areas and associated actions:

• Generate hyper-personalized products, services and experiences to expand the core
• Generate rapid market assessments to find adjacencies and extend reach
• Leverage generative design to develop new products and services
• Introduce dynamic planning to create a perpetual growth engine

Sustainable growth is there for the taking

Savvy business leaders are driving commercial impact now and finding new growth with AI. They embrace AI to find new value, monetize existing assets, bolster customer experiences, and increase their share of consumer spending. In short, they are using AI as a growth engine and source of competitive advantage. Other business leaders should follow their lead.

What’s trending in corporate strategy & growth

CEOs are starting to see organizational resilience as more than an antidote to disruption, but a powerful driver of sustained business performance and reinvention. Here’s how they optimize their returns on their investments.

To capture the value of generative AI—or the next disruptive technology—companies need a digital core that is “reinvention ready.” Here are the three actions needed to achieve that coveted state.

Innovative revenue and monetization models can help companies unlock meaningful margin potential.

[1] Arielle Feger, “ CEOs expect efficiency, cost savings from generative AI by 2025 ,” eMarketer, July 5, 2024.

Jason Angelos

Senior Managing Director Global Lead – Corporate Strategy & Growth Accenture Strategy

Jon Edwards

Managing Director – Corporate Strategy & Growth Accenture Strategy

Nevine El-Warraky

Senior Managing Director Global Lead – Industry & Customer Growth Accenture Song

Chris Tomsovic

Managing Director Global Lead – Macro Foresight Accenture Strategy

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14 best AI budgeting tools and software [2024 review]

Software evaluation.

Updated: September 12, 2024 |

Head of Product Marketing, Cube Software

Gina Roffo is the Head of Product Marketing at Cube. With a career spanning over a decade in the fintech industry, she leverages her expertise to drive strategic product marketing in the finance and FP&A tech space.

If you’re in finance, you know how challenging it can be to keep forecasting and budgeting data accurate. With all the new data entering your system every day, it can feel nearly impossible to keep track of it all.

Luckily, there's hope. AI tools are giving finance leaders a way to streamline financial processes so they don't need to worry about accuracy or wasting valuable time. By 2035 , AI is expected to boost productivity by 40%.

So, where should you begin? Here's a look at the best AI tools for budgeting. 

Get out of the data entry weeds and into the strategy.

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How AI budgeting software tools improve a company’s financial health 

A common misconception is that AI will take over certain jobs. However, the reality is closer to saying that AI is a powerful new tool that enhances how people work, especially in finance. Here’s how AI budgeting tools can make a significant difference in your company’s financial health:

• Better accuracy: These tools analyze your financial data to help you make more accurate budgets and forecasts. By reducing human errors, you get a clearer picture of where your money is going and what you can expect in the future.
• Saving time: AI can automate repetitive tasks that usually eat up time, like data entry or generating budgets. This lets your finance team focus on more important strategic decisions rather than getting bogged down in the paperwork.
• Smarter decisions: AI gives you real-time insights into your finances, so you can spot trends and potential issues before they become big problems. 
• Greater scalability: AI budgeting tools can handle vast amounts of data. So you never have to worry about keeping everything organized and running smoothly, no matter how many budgets you have to make. 
• Planning for the future: AI allows you to run different budgeting scenarios to see what might happen if you make certain business decisions. This way, you can better plan for the future, knowing you’ve considered all the possibilities.

The best AI tools and software for budgeting

When it comes to budgeting your company’s finances, having the right budgeting software can make all the difference. Below, we’ve compiled a list of the best AI budgeting tools to help you keep track of your expenses, make informed financial decisions, and plan for the future. 

Cube is the best FP&A software tool for budgeting, especially for growing businesses and enterprises. The cloud-based FP&A software uses powerful AI to analyze financial data, generate detailed what-if scenarios, and predict the financial impact of different strategic decisions. 

By adjusting variables such as revenue, expenses, or hiring plans, users can see how these changes would affect their financial outcomes to make more informed decisions. It helps companies hit their numbers–without having to sacrifice their spreadsheets. 

Customers love the ease of implementation, responsive customer support, and vast amount of time saved from daily financial operations. 

Best for: AI-powered FP&A

Features: 

• Uses powerful AI to analyze historical data and produce accurate budget forecasts
• Integrates seamlessly with Excel and Google Sheets
• Allows users to create unlimited what-if scenarios to simulate the financial impact of different business decisions
• Empowers teams to generate real-time financial reports with customizable templates
• Supports collaborative work across different departments
• Provides customizable dashboards that offer visual insights into key financial metrics
• Automatically syncs financial data from sources like ERP, CRM, and HRIS systems
• Provides highly responsive customer support to assist users through setup, troubleshooting, and optimization of the platform

2. Datarails FP&A Genius

Datarails FP&A Genius is an AI-powered extension of the Datarails FP&A platform designed for financial planning, reporting, and analysis processes. It leverages conversational AI to automate data consolidation, generate real-time insights, and facilitate scenario modeling in Excel. 

Best for: Conversational AI for data consolidation

• Provides conversational AI to answer financial questions in generating financial reports
• Automatically consolidates financial data from multiple sources
• Supports scenario modeling to explore various financial outcomes
• Integrates with Excel

Pricing: Datarails FP&A Genius pricing is not publicly available.

3. Mosaic Tech

Mosaic Tech is an FP&A platform that uses AI to enhance financial planning, budgeting, and analysis. The platform’s ARC (Augmented Reality Collaboration) AI capability allows finance teams to automatically summarize data trends and create budgeting scenarios. Mosaic integrates with ERP, CRM, and HRIS systems.

Best for: Data summarization 

• Offers 150+ metrics to report on
• Customizable dashboards and templates for reporting
• Supports what-if scenarios

Pricing: Mosaic Tech offers three plans, however, pricing is not publicly available.

4. Booke.ai

Booke.ai is an AI-driven platform that automates bookkeeping processes for businesses and accounting firms. It can integrate with existing accounting software like Xero and QuickBooks. Booke.ai uses the AI-driven Robotic Bookkeeper to automate categorization and reconciliation.

Best for: Automated bookkeeping

• Categorizes transactions and reconciles accounts using AI 
• Optical Character Recognition (OCR) AI extracts data from invoices, receipts, and bills
• Client portal that allows accountants and clients to share documents and ask questions
• Monitors financial records for inconsistencies and errors

Pricing: 

• Data Entry Automation Hub: $20/month per business
• Robotic AI Bookkeeper: $50/month per business

Gusto is a cloud-based platform designed to handle payroll, benefits, and HR management for businesses. Beyond its core features, Gusto offers AI-driven tools, including a custom AI report generator that can inform budget decisions for payroll and HR. 

Best for: AI-powered payroll reports to support budgeting needs

• Supports budget planning with insights from payroll and HR data
• Automates payroll processes like tax calculations, filings, and direct deposits
• Manages employee benefits with self-service options
• Offers tools for hiring, onboarding, and managing employees like performance reviews and time-off tracking
• Integrates tools for tracking employee hours, PTO, and holiday schedules
• Simple: $40/month (plus $6/month per person)
• Plus: $60/month (plus $9/month per person)
• Premium: $135/month (plus $16.50/month per person)

Xero is an accounting software that uses AI to help small businesses manage their financial operations. It features automated bank feeds, invoicing, and expense tracking. Xero’s AI-powered Analytics Plus allows users to create budgets by predicting future cash flow.

Best for: AI-driven accounting, budgeting, and bookkeeping

• Uses AI to predicts short-term cash flow based on current and historical data
• Automatically imports and categorizes bank transactions
• Allows for invoice creation with customizable templates
• Offers financial reports for profit and loss statements, balance sheets, and cash flow statements
• Offers expense tracking and reimbursement claims 
• Early: $0.75/month
• Growing: $2.10/month
• Established: $3.90/month

Ramp is a spend management platform designed to handle expense management, corporate card usage, and accounts payable. Ramp uses AI to verify that invoices match POs to generate a bill and route for approval. The platform also offers a corporate card to track and monitor business spending and manage budgets.

Best for: Automated expense management

• Uses AI to automatically generate and categorize receipts
• Automatically categorizes and reconciles expenses through the corporate card
• Automates bill payments, approvals, and month-end close
• Offers customizable guardrails to prevent out-of-policy spending
• Issues both physical and virtual corporate cards with built-in spend controls
• Ramp Plus: $15/user/month
• Ramp Enterprise: Contact sales

8. Planful 

Planful is a cloud-based financial performance management software that supports financial planning, budgeting, and consolidation. The platform uses AI to automate processes like month-end close and scenario planning. Planful Predict is their AI tool that assists in budgeting by providing predictive insights and automated forecasting.

Best for: Machine learning for predictive insights

• Uses AI to analyze historical data and predict future financial trends
• Features pre-built templates for budgeting 
• Manages month-end close process by automating data collection, consolidation, and reporting
• Integrates with ERP, CRM, and HCM systems
• Offers reporting tools that support self-service capabilities for creating management and ad-hoc reports

Pricing: Planful pricing is not publicly available.

9. Vena Insights 

Vena Insights is a reporting and analytics tool embedded within the Vena platform . It leverages Microsoft’s AI and machine learning technologies, including Power BI, to provide finance teams with tools for data visualization, scenario analysis, and predictive analytics. 

Best for: Data visualization

• Connects with existing Vena data to provide insights without the need to export data to external applications
• Uses AI and machine learning models to deliver predictive analytics, anomaly detection, and scenario comparisons
• Allows users to create and customize dashboards to visualize data
• Offers role-based permissions and data security so only certain members can access financial information

Pricing: Vena pricing is not publicly available.

10. Jedox 

Jedox is a financial planning and performance management platform designed to support FP&A and integrated business planning across finance, sales, HR, and operations. The platform uses AI to model business scenarios, integrate data from multiple sources, and assist in cross-organizational planning for global teams. Jedox assists budgeting with predictive forecasting, which automatically generates forecasts based on historical data.

Best for: AI-driven modeling and planning

• Uses AI to analyze historical data and predict future financial outcomes to assist in budgeting decisions
• Incorporates AI to allow users to ask questions and receive insights directly within the platform
• Offers an Excel-like interface
• Integrates financial and operational data into a single source of truth
• Enables users to create financial models and forecasts
• Allows users to create customized ESG reports in-house

Pricing: Jedox pricing is not publicly available.

11. Anaplan 

Anaplan is a cloud-based financial planning platform designed to support large enterprises in managing planning processes across finance, supply chain, sales, and HR. It enables real-time collaboration within their custom dashboards. Anaplan integrates AI-driven features through its PlanIQ, which assists budget forecasting accuracy with machine learning and predictive analytics. 

Best for: AI-enhanced financial performance management and planning

• Utilizes machine learning for budgeting, forecasting, and scenario planning
• Integrates financial and operational planning into a single platform
• Uses Hyperblock to power real-time, in-memory calculations that allow users to model large-scale scenarios 
• Includes tools for budgeting, forecasting, long-range scenario planning, and financial consolidation
• Supports demand planning and supply chain optimization
• Provides capabilities for headcount planning, compensation modeling, and workforce optimization

Pricing: Anaplan pricing is not publicly available.

Learn more in this complete Anaplan review .

12. Workday Adaptive Insights 

Workday Adaptive Planning is a cloud-based EPM software designed for financial planning, modeling, and reporting. It enables businesses to create financial models , perform scenario analysis, and generate forecasts using AI and machine learning. 

Best for: AI forecasting

• Enables the creation of financial models that incorporate various business drivers
• Allows for unlimited scenario comparisons 
• Uses machine learning to power financial forecasts
• Offers real-time insights through customizable dashboards and reports

Pricing: Workday Adaptive Planning pricing is not publicly available.

13. PlanGuru

PlanGuru is a financial planning software marketed towards small to medium-sized businesses, nonprofits, and financial advisors. The platform uses AI to assist with budgeting, forecasting, and financial analysis and allows users to project up to 10 years of financial data. 

Best for: AI-powered budgeting and forecasting

• Uses AI to create budgets and forecasts for up to 10 years, using over 20 pre-built forecasting methods
• Provides a 3-way forecasting structure that integrates income statements, balance sheets, and cash flow statements
• Consolidates financial data from multiple departments
• Allows users to build custom reports and dashboards and export data to PDF, Word, or Excel

Pricing: Planguru pricing is not publicly available.

14. Budgyt 

Budgyt is an AI-powered budgeting platform with features like multi-department budgeting, customizable dashboards to view data, and real-time data access. It allows multiple users to work on budgets simultaneously while maintaining control over data access permissions. Budgyt can also integrate with existing accounting software like QuickBooks and Xero.

Best for: Budgeting and planning

• Allows users to consolidate budgets across multiple entities, departments, or sub-departments
• Users can access historical transactions through hyperlinked data
• Offers dashboards that allow users to view budgets in formats like P&L by cost center, budget comparisons, and other custom reports
• Centralizes all data entry

Pricing: Budgyt offers three plans, but pricing isn’t publicly available.

Use the best AI budgeting tool for your business

It’s important to remember that AI tools are not replacing FP&A teams—they’re enhancing them. AI automates the time-consuming tasks and allows finance professionals to focus on strategy and decision-making. As AI continues to evolve, it will play an even more significant role in helping businesses stay agile and responsive to change.

Now that you know all about the best AI tools for budgeting, you’re ready to streamline your financial processes and make smarter, data-driven decisions. Say goodbye to time-consuming manual data entry and welcome faster, more accurate budget forecasting .

For those looking for the best of the best business budgeting software tools , Cube offers seamless integration with your existing spreadsheets and powerful insights to elevate your financial planning. Request a free demo today to learn how Cube can fast-track your financial processes.

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