Charles-Hubert Déry, Co-Founder
Charles-Hubert presents a diversified professional career where the financial and entrepreneurial aspects have come together. He holds a BBA in accounting from the HEC Montréal school and has been in the accounting and finance field for more than 15 years.
Fascinated by entrepreneurship, he founded in 2006 a consulting company specialized in the support of start-up companies. During these years, he will accompany over a hundred companies in consulting management, notably through the realization of business plans, financial forecasts and research funding. Determined to support more and more companies, he launches with his partner in 2012 Budgeto , an online budgeting tool specifically aimed at entrepreneurs.
Used by thousands of entrepreneurs, school boards, entrepreneurship schools, universities, incubators, accelerators, start-up support organizations, cities, investors, accounting firms and financial institutions, It now aspires to make BUDGETO the world leader in interactive financial tools for entrepreneurs and start-ups.
Marc Alloul, Co-Founder
Marc is an Engineer/Quantum Physicist turned entrepreneur, spending the last 20 years in both large publicly traded as well as smaller private equity funded companies where he developed and brought to market innovative technology & marketing solutions to some of the world's companies.
Marc is currently Managing Partner W2/W3 at W Investments, a private Québec investment firm that targets businesses with high growth potential, as well as a strategic advisor to several companies where he is a shareholder, board member or mentor. Fully aware of the most common challenges for entrepreneurs; In 2012, Marc allocated his energy into Budgeto, which ignites the launch of first time and returning entrepreneurs. He is driven to make this incredibly friendly online application an important launchpad for start-ups.
Marc earned a M.Sc. in Quantum Physics from McGill, Canada, a M.Sc. in Communications from the EURECOM Institute, France, and graduated from the “École Nationale Supérieure des Télécommunications” (ENST), the leading French Telecommunications Engineering School.
We have good news for entrepreneurs : budgeting is easy! When you think about it, it's simply translating your business project into numbers. It's the only way for you to validate that your business project makes sense financially, and then when you actually start your business, it's the only way to know if you are in fact, achieving your goals.
Still, there is this preconceived idea that budgeting is complicated. Most entrepreneurs are not accountants or finance specialists, so how would they know how to build a budget? The fact is that many entrepreneurs are afraid of numbers. Well maybe not the numbers themselves, but all those calculations that come along with building the budget. All those rules that you don’t know about, but that somehow, you need to manage in a budget. Amortization of your capital assets, debts schedules, recognition of your revenues, and so on. And don’t even get us started with building a balance sheet, an income statement or a cash flows projection!
So what’s the problem between budgets and entrepreneurs? The answer is quite simple. In a world where everything is going online (bookkeeping, banking, payment solutions, etc.) how come entrepreneurs are still stuck with spreadsheets? Spreadsheets are not easy to use, they’re not standardized and they can be quite dangerous. Close to 90% of spreadsheet documents contain errors. Yet we ask entrepreneurs to use them to build budgets, and then we ask investors to analyze those spreadsheets to make investment decisions. That’s just crazy.
Here’s the good news: it’s 2017! Yes, spreadsheets are still very popular, but if you look around, you will find tools allowing entrepreneurs to actually build and understand budgets themselves. Tools that will manage income tax, sales tax, employer contribution rates, capital assets categories and all the calculations needed in a budget. Tools that will help you build 5-year pro-forma budgets and answer all those requirements from your different stakeholders. Tools that will allow you to work on different scenarios and share your budgets online with partners of your choice. Those tools are designed to meet all the expectations of investors, making it possible to fill the gap between entrepreneurs and investors by allowing them to speak the same language, therefore accelerating access to financing and launching new businesses.
Budgeting is not your enemy. It’s your best friend. And you know it, but you’re daunted by it. In our many years as consultants, we worked with over 100 start-ups. Our words of wisdom are quite simple: “You will not succeed because you have a budget, but you will undoubtedly fail if you don’t have one.”
So welcome to BUDGETO, the first online budgeting solution designed specifically to support entrepreneurs and provide investors with everything they need to quickly make investment decisions. This tool was designed for you. Don't be afraid to try it and let us know if you need help! And don't forget: have fun!
Budgeto in the media
Here are the latest articles about us!
January 15th, 2018
Online budgeting and financial forecasting tool available to Canadian entrepreneurs thanks to a new BDC partnership with BUDGETO. MONTREAL, Jan. 15, 2018 /CNW Telbec/ - Canadian business owners are getting exclusive access to an online budgeting and financial forecasting tool thanks to a new partnership...(click to read the article)
August 3rd, 2017
Budgeto wants to turn early-stage entrepreneurs into financial experts | BetaKit. Budgeto, launched in Quebec in 2012, is a platform that allows entrepreneurs with no deep financial knowledge to develop an understandable financial model in an hour. (click to read the article)
June 1st, 2017
(FRENCH) BUDGETO ENFIN PRÊTE POUR UNE EXPANSION. Après cinq années de « rodage », Budgeto, spécialisée dans les technologies financières, les fintech...(click to read the article)