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 1) The budget process. In QBO the budgeting capability is non-existant, unless you like manually typing in every scenario and not being able to budget by class. Cube houses my budget/forecast scenarios & lets me view and analyze by my company's preferred data points; department, GL account, vendor, & sales campaign. I'm able to run monthly budget variance reports and plan for the future with ease. 2) We've begun using Cube to help analyze profitablity by sales job. We've never had such easy access to this type of info in the past, so this is a benefit I can directly attribute to Cube. 3) We're beginning now to use an integration with our payroll software to work on headcount planning and payroll analysis.
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 Push/pull information across any Google Sheet or Excel workbook. Budget at a much more granular level (by month by account by the department by vendor). Custom mapping to allow for multiple cuts of the same data. Bulk range selection within a workbook. 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 Limited to 8 top line dimensions. Although you can bring in as many attributes of data as you want, but I would really like Cube to increase top line dimensions to 10. The ability for cross level interaction within multiples cube would be a major plus once implemented. 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 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 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 Cube was just a lot easier to use than
Vena . We took some time to look at
Vena as well and while their product was impressive, our organization was not yet there. We needed something we could implement quickly, and in today's day and age I think that is a very important quality to have. Start up and early stage companies do not have the luxury of implementation teams and massive IT resources so Cube was a huge help.
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 It has decreased the amount of time it takes to build reports by days I can rest easy knowing the knowledge is accurate and there is no human error I have been able to create more reports than I ever dreamed of with the new time and ease of use Read full review ScreenShots