Likelihood to Recommend I'm sure that Budgyt would not be the most appropriate solution for large, complex organizations with numerous entities or overly complicated structures. Those org's likely have solutions within their ERPs or other sophisticated finance systems with budgeting/reporting capabilities that mirror Budgyt, making it redundant. However, for an easy, and relatively cheap solution to meeting those needs, as well as forecasting and analysis, I would recommend Budgyt to anyone with the need.
Read full review Centage is suited for all types of business. This is what makes this tool so great. It requires some expertise in setting it up and depending on how complex the business is, it may take longer than expected. It's a complex system and if you are not involved in the implementtion it might be hard to learn what is does.
Read full review Pros Combining departments (components of an entity or a component of various entity's income statement) or isolating departments (small slivers) of an entity's income statement. We can look at specific departments of specific entities together, with ease. Splicing / flipping reports into countless formats. Helpful for users of the financial statements that digest data/numbers differently than the financial accountants who prepare the numbers. It is relatively easy to import data from our Jonas accounting program into Budgyt. We've had prompt customer service when we've encountered issues and they were readily available during implementation. Read full review Planning personnel with all the related benefit expenses is very accurate and we are able to forecast increases as well. Storing separate versions of the budget allows us to finalize for the year and have access to the data while we update the default plan with any changes. I ilke the way you can add intelligence see the detail of calculations below th eline item. I like writing Planning Maestro reports to see drill downs of any item and tie them to our ERP Budget Read full review Cons Inside setting up HR forumlas, it should give more than one filter criteria. Application got slow after putting the information of HR module and formuals, need to speed up. Selection of multiple companies with different GLs can be an option where it is lacking. Didn't see the multicurrency feature, can be a good add on. Read full review Head count is a bit strange as each period is considered one Headcount for a total of 12 per year, so we have to adjust when running reports would love to be able to attach related expenses in payroll to a kind of employee instead of doing each individually. It's time consuming. Have the help more available instead of having to log into separate place Read full review Likelihood to Renew Our organization has increased our level of financial reporting and decreased the time it takes to build a budget with the Budgyt platform. Because our budget managers have access, it allows them a higher level of ownership for their areas.
Read full review Usability Has the spreadsheet feel without the clunky formulas. Prior years monthly numbers easily visible on the data sheet to compare with. Easily run various reports on the dashboard. Easy to clone/create new scenarios. Custom template to import GL detail the way want to see it. User friendly for non-finance managers to use. Options to add comments on data sheet. Approval process - easy of viewing what needs to be approved.
Read full review I've lived through the changes over the years, and I have found that most financially-minded professionals should have no problems using this system.
Read full review Support Rating During my first year of working within the budget software, I had to go through some training while trying to meet deadlines for meetings. The team at Budgyt was very accommodating and made sure I was equipped with the knowledge that I needed to be successful
Read full review The team makes sure that you get what you need out of the software. They will do whatever is in their power to make sure you're happy and are getting back your investment (time and money).
Read full review Implementation Rating We were fortunate to have the founder lead us through a video conference to teach our users how to use the system. Totally invaluable!
Read full review Alternatives Considered Forecaster was terrible. We switched from that. We looked at multiple products, either too expensive or not user-friendly. We switched 4 years ago. I do not recall the companies we visited back then. There are certainly more on the market now, but I have no interest in switching as our entire office loves the product.
Read full review I used to use an older consolidating product call FRX or something like that, very manual where accounts were adding line the reporting lines one by one.... Centage is far superior, the ability to create custom Dimension hierarchies as improved our reporting 100 fold
Read full review Scalability Budget scenarios are amazing, when it comes to educational funding, were always having to pivot. Having multiple scenarios for financial planning is key to being economically sustainable. We can quickly add services or staffing based upon funding adjustments/projections and see if they will work in our current climate. This supports leaderships ability to make quicker decisions.
Read full review Return on Investment We have had better control on labor cost. The software has helped us project when we need to add new employees to handle our contact center volume. Running different budget scenarios helped us navigate the impact of Covid on our business. Read full review We were a very small company growing by acquisition so it worked well during these phases of our company growth. The return for our cost was tremendous especially in comparison to peers in the market. Analytics Maestro allowed us to grow without adding headcount by building efficient reports that can easily be mass-produced for all branches within our organization. Eric Korpalski Manager of Financial Planning and Analysis Consolidations
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