Budgyt

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Budgyt
Score 8.9 out of 10
Mid-Size Companies (51-1,000 employees)
Budgyt is a dynamic FP&A platform that simplifies budgeting, forecasting, and reporting. It offers a single source of truth for CFOs and finance teams to integrate financials, streamline processes, and manage multiple departments.N/A
Pricing
Budgyt
Editions & Modules
No answers on this topic
Offerings
Pricing Offerings
Budgyt
Free Trial
Yes
Free/Freemium Version
No
Premium Consulting/Integration Services
No
Entry-level Setup FeeRequired
Additional DetailsMulti-year and non-profit discounts are available. Contact vendor for a quote.
More Pricing Information
Community Pulse
Budgyt
Considered Both Products
Budgyt
Chose Budgyt
None of the others had anything like a good budgeting module. It's really too bad Budgyt doesn't integrate the accounting side - then I'd have it all and a superior product too
Chose Budgyt
Far and away, Budgyt is the superior product for budgeting!
Chose Budgyt
Adaptive Planning is more complex and considerably more expensive than Budgyt. Budgyt does a nice job of meeting the sweet spot of being very capable without being onerous.
Chose Budgyt
as previously mentioned it is affordable, robust, easy to use
Chose Budgyt
We chose Budgyt because of their user-friendly software.
Chose Budgyt
Budgyt's software is much better than Planguru's. We have multiple reoccurring glitches and errors with Planguru that we have not seen a sign of with Budgyt.
Chose Budgyt
We selected Budgyt over other options because it is exceptionally easy to use, perfectly meeting all our budget management needs. Its user-friendly interface, robust functionality, and cost efficiency enabled seamless multi-department integration. Budgyt delivered the …
Chose Budgyt
I like both programs and I think there both have their advantage and disadvantages. I believe Budgyt is nice for smaller organizations and easier to learn. I notice with Budgyt when there are so much data, it start getting slow. Our organization only have 75 people, but for …
Chose Budgyt
Budget is a much more user friendly product and it allows me to share information with all business units without sending out individual financials.
Chose Budgyt
I needed a robust integration between QBO and my budgeting software. The reporting is Budgyt will serve our organization far better than those found and available in QBO.
Chose Budgyt
Budgyt was the best value for money solution for us
Chose Budgyt
It does. Or stack. Multiview has the limitation of how funds that is an available to me while Budgyt has Unlimited funds. With the option, the organization o a grow with the product without having to shop around for a new budget system every 2 years. This
product grows with the …
Chose Budgyt
Very well priced with everything we want, and more. Also looked at Xlerant/Budgetpak. Budgyt is very simple and way better than the clunky spreadsheet that could not be shared for fear of managers messing up formulas. It is even better than our accounting software for analyzing …
Chose Budgyt
I researched and reviewed demos of other budget software providers and felt that Budgyt would be easy to learn and affordable!
Chose Budgyt
Other than Hyperion, which is in a different league and more suitable for much larger organizations, I would say that Budgyt compares very favorably. We moved from Great Plains to Sage Intacct, and evaluated their planning solution at the time of implementation. We were very …
Chose Budgyt
This is a far easier tool to use and analyze budgets. It's also far easier to drill down into expenses.
Chose Budgyt
We would not want our 37 users to have access to QuickBooks as that would be costly and the time it would take to create specific access for the majority would be time consuming. Training would also be difficult. Additionally, QuickBooks does not allow you to build a budget …
Chose Budgyt
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 …
Features
Budgyt
Budgeting, Planning, and Forecasting
Comparison of Budgeting, Planning, and Forecasting features of Product A and Product B
Budgyt
8.7
Ratings
8% below category average
Long-term financial planning8.00 Ratings
Financial budgeting9.10 Ratings
Forecasting8.70 Ratings
Scenario modeling8.50 Ratings
Management reporting9.10 Ratings
Analytics and Reporting
Comparison of Analytics and Reporting features of Product A and Product B
Budgyt
8.6
Ratings
5% above category average
Personalized dashboards8.30 Ratings
Color-coded scorecards7.50 Ratings
KPIs10.00 Ratings
Cost and profitability analysis8.60 Ratings
Key Performance Indicator setting8.40 Ratings
Benchmarking with external data10.00 Ratings
Revenue Forecasting7.50 Ratings
Budgeting Tools
Comparison of Budgeting Tools features of Product A and Product B
Budgyt
8.5
Ratings
8% below category average
Automated Budgeting7.30 Ratings
Financial Planning Collaboration8.80 Ratings
Budget Customization8.90 Ratings
Departmental Budgeting9.00 Ratings
Import & Export Tools8.60 Ratings
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Budgyt
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User Ratings
Budgyt
Likelihood to Recommend
8.9
(0 ratings)
Likelihood to Renew
9.1
(0 ratings)
Usability
8.7
(0 ratings)
Support Rating
8.8
(0 ratings)
Implementation Rating
9.1
(0 ratings)
Product Scalability
9.0
(0 ratings)
User Testimonials
Budgyt
Likelihood to Recommend
Budgyt is great for instant consolidation of a multi-department and multi-entity organization. It has strong hierarchy and roll-ups at various levels. User setup and security is straightforward, with ability to restrict data to only department heads over a project. Excellent capability in salary and benefit calculation, for instance down to each type of state and federal tax, and each type of employee health benefit with individual cost as specific as necessary. Strong export functionality.
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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.
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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.
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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.
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Usability
Incredibly easy to use and intuitive. Design is simple without lacking functionality. Limited learning curve makes it very easy to set up and start using, and with little practice it becomes incredibly easy to perform routine tasks, including monthly update of actual data, running and analyzing reports, as well as building budgets, forecasts, and 'what-if' scenarios
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Support Rating
I have emailed the owner of the software 3 times with an issue and within a day he has solved my issue and has sent an email explaining what happened and how to avoid it happening again. Very helpful and quick responses
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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!
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Alternatives Considered
We selected Budgyt over other options because it is exceptionally easy to use, perfectly meeting all our budget management needs. Its user-friendly interface, robust functionality, and cost efficiency enabled seamless multi-department integration. Budgyt delivered the performance and financial insights we required at a fraction of the cost, ensuring maximum value.
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Scalability
The ability to budget at multiple organizational levels is central to Budgyt's design. These levels can be regions or product lines or departments, which are all easily rolled up to a consolidated organizational view. Reporting back against these levels is also built-in to the system.
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Return on Investment
  • time savings: cannot overstate how impactful Budgyt has been relative to our former excel-based, manually-intensive budget process
  • financial insights: Budgyt is an incredible tool for putting financial data at users' fingertips, in formats and with details presented in a way that adds value to non-finance users and enables data-driven operational decision making
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ScreenShots

Budgyt Screenshots

Screenshot of the budgeting interfaceScreenshot of board-ready charts and dashboards available from any field in a budget.Screenshot of P&L by ScenarioScreenshot of P&L by DepartmentScreenshot of P&L by EmployeeScreenshot of the Employee Edit Page