Budgyt vs. Planful

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Budgyt
Score 8.9 out of 10
Mid-Size Companies (51-1,000 employees)
Budgyt is a platform made to simplify business budgeting. With built-in functions designed for data integrity, team collaboration, and scenario planning & analysis, Budgyt is presented as an optimized budgeting experience that rids users of complex, error-prone spreadsheets and the time-consuming upkeep they require. It provides users navigable dashboards, drill-downs through data hyperlinking, formulas built away from the user interface, and automatic consolidation. With…
$499
per month Departments
Planful
Score 8.1 out of 10
Enterprise companies (1,001+ employees)
Planful is a cloud-based enterprise performance management (EPM) suite. It includes financial applications for modeling, planning, consolidation, reporting and analytics.N/A
Pricing
BudgytPlanful
Editions & Modules
Non-Profit - Easy
$399
per month 12-month annual subscription
For Profit - Easy
$499
per month 12-month annual subscription
Non-Profit - Plus
$799
per month 12-month annual subscription
For Profit - Plus
$899
per month 12-month annual subscription
Non-Profit - Pro
$1,299
per month 12-month annual subscription
For Profit - Pro
$1,399
per month 12-month annual subscription
No answers on this topic
Offerings
Pricing Offerings
BudgytPlanful
Free Trial
YesNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
YesYes
Entry-level Setup FeeRequiredNo setup fee
Additional DetailsMulti-Year discounts available.
More Pricing Information
Community Pulse
BudgytPlanful
Considered Both Products
Budgyt
Chose Budgyt
Planful was another software we looked at that seemed to have a lot more bells and whistles. Integrations into PowerPoint and Excel that were probably too much for what we needed. In the end, Budgyt was very easy to learn and understand. It provided immediate value.
Planful

No answer on this topic

Top Pros
Top Cons
Features
BudgytPlanful
BI Standard Reporting
Comparison of BI Standard Reporting features of Product A and Product B
Budgyt
-
Ratings
Planful
6.5
33 Ratings
20% below category average
Pixel Perfect reports00 Ratings6.715 Ratings
Customizable dashboards00 Ratings6.629 Ratings
Report Formatting Templates00 Ratings6.327 Ratings
Ad-hoc Reporting
Comparison of Ad-hoc Reporting features of Product A and Product B
Budgyt
-
Ratings
Planful
7.3
60 Ratings
12% below category average
Drill-down analysis00 Ratings7.958 Ratings
Formatting capabilities00 Ratings6.859 Ratings
Report sharing and collaboration00 Ratings7.155 Ratings
Report Output and Scheduling
Comparison of Report Output and Scheduling features of Product A and Product B
Budgyt
-
Ratings
Planful
6.6
48 Ratings
21% below category average
Publish to Web00 Ratings7.012 Ratings
Publish to PDF00 Ratings7.044 Ratings
Report Versioning00 Ratings5.328 Ratings
Report Delivery Scheduling00 Ratings6.931 Ratings
Data Discovery and Visualization
Comparison of Data Discovery and Visualization features of Product A and Product B
Budgyt
-
Ratings
Planful
6.2
22 Ratings
20% below category average
Pre-built visualization formats (heatmaps, scatter plots etc.)00 Ratings6.115 Ratings
Predictive Analytics00 Ratings6.418 Ratings
Access Control and Security
Comparison of Access Control and Security features of Product A and Product B
Budgyt
-
Ratings
Planful
8.5
59 Ratings
2% below category average
Multi-User Support (named login)00 Ratings8.853 Ratings
Role-Based Security Model00 Ratings8.051 Ratings
Multiple Access Permission Levels (Create, Read, Delete)00 Ratings8.352 Ratings
Report-Level Access Control00 Ratings7.910 Ratings
Single Sign-On (SSO)00 Ratings9.144 Ratings
Mobile Capabilities
Comparison of Mobile Capabilities features of Product A and Product B
Budgyt
-
Ratings
Planful
7.3
25 Ratings
9% below category average
Responsive Design for Web Access00 Ratings7.223 Ratings
Dashboard / Report / Visualization Interactivity on Mobile00 Ratings7.415 Ratings
Budgeting, Planning, and Forecasting
Comparison of Budgeting, Planning, and Forecasting features of Product A and Product B
Budgyt
-
Ratings
Planful
7.9
107 Ratings
5% below category average
Long-term financial planning00 Ratings8.394 Ratings
Financial budgeting00 Ratings8.2106 Ratings
Forecasting00 Ratings7.999 Ratings
Scenario modeling00 Ratings7.386 Ratings
Management reporting00 Ratings7.9103 Ratings
Consolidation and Close
Comparison of Consolidation and Close features of Product A and Product B
Budgyt
-
Ratings
Planful
6.6
80 Ratings
19% below category average
Financial data consolidation00 Ratings8.472 Ratings
Journal entries and reports00 Ratings6.855 Ratings
Multi-currency management00 Ratings6.548 Ratings
Intercompany Eliminations00 Ratings6.547 Ratings
Minority Ownership00 Ratings4.624 Ratings
Local and consolidated reporting00 Ratings6.558 Ratings
Detailed Audit Trails00 Ratings6.557 Ratings
Financial Reporting and Compliance
Comparison of Financial Reporting and Compliance features of Product A and Product B
Budgyt
-
Ratings
Planful
7.3
107 Ratings
12% below category average
Financial Statement Reporting00 Ratings7.690 Ratings
Management Reporting00 Ratings7.9100 Ratings
Excel-based Reporting00 Ratings7.599 Ratings
Automated board and financial reporting00 Ratings6.373 Ratings
XBRL support for regulatory filing00 Ratings7.13 Ratings
Analytics and Reporting
Comparison of Analytics and Reporting features of Product A and Product B
Budgyt
-
Ratings
Planful
6.0
62 Ratings
29% below category average
Personalized dashboards00 Ratings6.954 Ratings
Color-coded scorecards00 Ratings6.432 Ratings
KPIs00 Ratings7.041 Ratings
Cost and profitability analysis00 Ratings6.742 Ratings
Key Performance Indicator setting00 Ratings6.032 Ratings
Benchmarking with external data00 Ratings3.18 Ratings
Integration
Comparison of Integration features of Product A and Product B
Budgyt
-
Ratings
Planful
6.8
98 Ratings
20% below category average
Flat file integration00 Ratings8.270 Ratings
Excel data integration00 Ratings6.990 Ratings
Direct links to 3rd-party data sources00 Ratings5.265 Ratings
Best Alternatives
BudgytPlanful
Small Businesses
MIP Fund Accounting
MIP Fund Accounting
Score 8.7 out of 10
IBM Planning Analytics
IBM Planning Analytics
Score 8.3 out of 10
Medium-sized Companies
Centage
Centage
Score 9.6 out of 10
Centage
Centage
Score 9.6 out of 10
Enterprises
Vena
Vena
Score 8.6 out of 10
Vena
Vena
Score 8.6 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
BudgytPlanful
Likelihood to Recommend
8.9
(29 ratings)
8.0
(116 ratings)
Likelihood to Renew
9.1
(5 ratings)
8.3
(18 ratings)
Usability
8.9
(10 ratings)
8.2
(17 ratings)
Availability
-
(0 ratings)
8.2
(4 ratings)
Performance
-
(0 ratings)
7.7
(2 ratings)
Support Rating
8.6
(5 ratings)
7.7
(18 ratings)
In-Person Training
-
(0 ratings)
6.4
(2 ratings)
Online Training
-
(0 ratings)
8.6
(2 ratings)
Implementation Rating
9.1
(3 ratings)
2.3
(7 ratings)
Configurability
-
(0 ratings)
8.2
(2 ratings)
Ease of integration
-
(0 ratings)
5.5
(1 ratings)
Product Scalability
9.0
(9 ratings)
8.2
(2 ratings)
Vendor post-sale
-
(0 ratings)
7.7
(3 ratings)
Vendor pre-sale
-
(0 ratings)
9.1
(1 ratings)
User Testimonials
BudgytPlanful
Likelihood to Recommend
Budgyt
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
Planful
Planful makes it very easy to roll forward forecasts and conduct scenario analyses. I'm also a big fan of their reporting and how easy it is to distribute a report burst to satisfy all the needs and questions of our SLT. Lastly, their latest developments in the AI space make it easy to quickly identify outlier projections.
Read full review
Pros
Budgyt
  • 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
Planful
  • Creating forecasts for the month, quarter, and year
  • Creating new variables by using variables pre-defined and that are new in the system
  • Having a very simple setup in the reports section - not straying away from the old Excel model which most people are used to. I can speak for a lot of people when I say that tools that look new can easily be frightening! 😅
Read full review
Cons
Budgyt
  • 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
Planful
  • Multiple currency calculations/ consolidations support IFRS accounting
  • Ability to inactivate old data dimensions
  • Reporting - Need ability to expand all/collapse all lines easily
  • Reporting - Formula exceptions added to a report do not update when information is revised.
  • Automatic Sandbox refreshes initiated by Planful - When Planful does an automatic refresh of the sandbox environment, it copies any Boomi/integration connections.
  • Limited to 8 data dimensions in core application
  • Add more API connectors to make data integration easier
  • ability to transfer sandbox tests to production environment
Read full review
Likelihood to Renew
Budgyt
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
Planful
Our new Comptroller understands the value of Planful, and we plan to utilize it further in the organization to enhance external reporting. Strangely enough, Planful had not previously been embraced by the former CFO, who argued that we were running two sets of books (of course, we were not). Fortunately, the before mentioned reconciliation of EBITDA to Net Income demonstrated that to the banks.
Read full review
Usability
Budgyt
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
Planful
Planful is very easy to use for end users. The budget templates can be customized to meet the business needs. They just released business user experience functionality which you to take a complicated budget template and filter it down to meet departmental needs to avoid sending more lines than needed
Read full review
Reliability and Availability
Budgyt
No answers on this topic
Planful
I only give a 9 rating rather than a 10 rating because it seems that every day around 2pm we see a slowdown in the use of Planful. I have requested our internal IT department verify that it is not an internal issue and have been assured it is the tool. We have not yet reached out to Planful to do extensive research to solve this issue.
Read full review
Performance
Budgyt
No answers on this topic
Planful
Again, the system is very reliable and, for the most part, runs very quick and smooth. When running larger queries, it does take some time, and during budgeting season our users experienced slower loading times, but nothing that raises concerns outside of normal network issues. Occasionally, as with any software we use, it will crash and you have to restart, but that does not happen very often.
Read full review
Support Rating
Budgyt
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
Planful
Sometimes we get great help when using Planful's support team and other times we don't. In particular, there is one person that often responds to our support tickets who is less than helpful, hence the reason for the 5 out of 10 rating. As a result, most of the time we reach out to our Planful consulting group as they provide faster and better support
Read full review
In-Person Training
Budgyt
No answers on this topic
Planful
We got little training on the tool after implementation. Did a lot of "trial by fire" learning about Planful. I don't think RSM really provided us all the details we needed to understand the tool and to know what we needed to train on. I don't know we knew enough about the tool to even ask the right questions and then they left and we used Planful support a lot.
Read full review
Online Training
Budgyt
No answers on this topic
Planful
A few years ago I participated in a lot of their online learning. Their references have grown over the years and continue to get better and better. We use it throughout the year to update the information we hold internally for documentation and to educate ourselves on all of the new release notes and features within Planful.
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Implementation Rating
Budgyt
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
Planful
After going through the initial implementation with Host Analytics and a re-implementation with Cervello (due to an ERP change, not due to a poor initial implementation), I've learned that you really must rely on your internal staff to bear most of the implementation burden. Use the vendor or partners for ideas and best-practice suggestions, and some of the easy-but-time-consuming work. Since you will ultimately be using and maintaining the application, you should be able to do most of it yourself.
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Alternatives Considered
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 switching as our entire office loves the product.
Read full review
Planful
Planful seems to do a better job of pulling things in a format that is more understandable to an accounting-minded person, whereas the other platforms seem more focused on operations. From a detail perspective, Planful provides more powerful and complete data, in my experience. When using a platform for financial planning and budgeting, the details are critical and the ability to match the GL structure and pull full P&L data has been a big improvement from Qlik, which we used previously.
Read full review
Scalability
Budgyt
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.
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Planful
I give this rating simply because I have first-hand knowledge of the scalability of Planful when working across departments in our company that use different financial systems. We have one team on InEight and another using SAP. When we implemented it, we only customized the system to accommodate one of these financial platforms, but when we considered expanding the use of Planful to other departments, we were able to make the necessary adjustments to accommodate our needs.
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Return on Investment
Budgyt
  • 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
Planful
  • We have saved a large amount of time on reports that we previously manually compiled in Excel via MS Dynamics. Planful was linked to Dynamics through automatically scheduled DLR's, reports were created, and now our manual processes are as simple as accessing and refreshing a report.
  • Dashboards have improved our budgeting process specifically with our production leaders as they can visualize their P&L's, their current actuals, current budget, and see where they are forecasting with their proposed budget for the next year
  • With the use of templates, structured planning, and the Simulation Engine, it has added a lot of value and automation to our annual budget process, allowing for plug-and-play type data loading and viewing various scenarios easily
Read full review
ScreenShots

Budgyt Screenshots

Screenshot of DashboardScreenshot of Manage Scenarios (Budgets)Screenshot of Copy DataScreenshot of Data SheetScreenshot of Manage C2C's (Category to Category Formulas)

Planful Screenshots

Screenshot of Planful Planform DashboardScreenshot of Planful for FinanceScreenshot of Planful for MarketingScreenshot of ReportsScreenshot of Capacity Planning TemplateScreenshot of Integrations