Budgyt vs. Forecastr

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.

Incentivized

Forecastr is great for any company who is looking to have clarity like never before on their finances, but it may be especially helpful for startups.

Incentivized

• 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.

Incentivized

• Their onboarding with experienced CFO's is extremely helpful
• Their forecasting revenue models are easy to understand
• The budgeting and expenses section is better than anything else I've ever seen before.

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• 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.

Incentivized

• More youtube videos on walking through the software would be cool.

Incentivized

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.

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.

Incentivized

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

Incentivized

We were fortunate to have the founder lead us through a video conference to teach our users how to use the system. Totally invaluable!

Incentivized

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.

Incentivized

I wish I found Forecastr years ago. No other software has been able to simplify finances with models and forecasting in a very clear manner like this, plus, with the CFO addition, it's a breath of fresh air for the first time in 8 years of business with finances.

Incentivized

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.

Incentivized

• 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.

• With clear data, I'm able to make better financial decisions on hiring/spending

Incentivized