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.
$5,988
per year (up to 10 departments)
OnPlan
Score 10.0 out of 10
N/A
Spreadsheets are widely used for planning because of their flexibility and familiarity. With OnPlan, users get access to visualization capabilities, integrations, and collaboration features, in a solution designed to give the run-of-the-mill spreadsheet model more power. OnPlan integrates with dozens of data sources, including Netsuite, Quickbooks, Salesforce, ADP, and also existing spreadsheets – allowing the user to make important business decisions leveraging a single source of…
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Pricing
Budgyt
OnPlan
Editions & Modules
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Offerings
Pricing Offerings
Budgyt
OnPlan
Free Trial
Yes
No
Free/Freemium Version
No
No
Premium Consulting/Integration Services
Yes
No
Entry-level Setup Fee
Required
No setup fee
Additional Details
Multi-year and non-profit discounts are available. Contact vendor for a quote.
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.
OnPlan is well suited for finance teams looking to maintain control of their corporate/financial models. Every model can be exported to Excel. In particular, for early-stage to mid-stage companies, OnPlan provides a powerful and inexpensive solution that allows for automation and customization. Another strong argument for OnPlan is their experienced CSM/IM team that helps to build the first model and acts as a sounding board with insights to improve the models. OnPlan might be less powerful for large organizations operating across multiple divisions, countries, and entities as this requires sophisticated consolidation processes and standardization, which might be difficult to maintain with OnPlan. Implementations depending on complexity can take longer due to the customization options and plethora of options to make models more accurate.
budgeting: building annual budgets from the ground-up
financial reporting: Budgyt includes a number of great options for navigating financial reports
analysis (& reporting): the ease and flexibility of configuring and using data tools allow for detailed analysis, and numerous options for accessing data to enable effective analysis and reporting views
The ability to remove %'s entirely from reports, instead of only partially removing %'s from a report.
The formulas C2C and FOAs can be confusing to set up. I think more explanative data ---- hovering over question marks alongside cells you must complete as a suggestion --- in this module would be useful. These formulas work great once you trial & error your way into them operating. But we find their initial set-up a time commitment. We don't want to watch how-to videos each time we set them up. The hover/clarifications of what certain cells mean would be very helpful.
It is awesome, will never go back to the spreadsheet. Just paid for our second year. It does everything we need. Slick interface for data entry, easy to use and run reports with a few clicks to get what you want. great data comparison, flexible to be able to see monthly totals from prior year or other scenario when entering in the data sheet
We have not encountered any issues with Budgyt’s limitations, given the number of departments and the volume of data we pass to the tool. I have no reason to give it anything less than a 10; the only limitation so far is that we don’t have full API integration yet. Once that is finalized, we will be seamlessly integrated across all of our financial platforms and tools.
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
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 underwhelmed by the management reporter tool that we used with GP, and budgeted with Excel prior to moving to Sage. We began looking at several other products alongside Budgyt & Sage's solution, but were so impressed by Budgyt that at its price point it was a no-brainer. We liked Sage's tools plenty, but felt that Budgyt could do more and cost less, so opted to go this route despite the lack of direct integration.
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.
We have had the product in place for less than a year and have yet to roll it out to the full management team. I know that this will be a huge tool for managers as they are always telling me that they are approving expenses even though they do not know their budget!
