Budgyt vs. Synoptix

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

It is excellent if set up well, and users are well trained on how to use it as it is not very user-friendly. But to achieve that, you have to go through the hell of a setup. Support is not knowledgeable in some areas of the software, it is tough to set up and install, and when presented by salespeople, it is all great, but you need to invest a lot to pay it off.

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

• Easy report building interface with an query interface that allows financial users the ability to conduct complex queries without difficulty.
• The ability to create reporting that allows us to review in-depth financial review by drilling down into accounts to find transnational data easily.
• Easily maintained and monitored with simple upgrade installations and end point installation.
• Great knowledge base for review and trouble-shooting.
• Highly knowledgeable and easy to work with staff.

Incentivized

• 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

• It has a poor install procedure which is not standard. It almost requires copying folders from an existing computer to the new install.
• The update process is less than desirable. It seems like Compusoft needs to do a better job of testing before releasing updates.
• The interface is a bit archaic. It looks more like a program from 20 years ago than one used today.

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.

With multiple years of data I have not experienced any issues with crunching data and analyzing data for board reporting. This is a robust budgeting software that can handle large amounts of data without slowing down or having to export the data into Excel to massage and manipulate it there.

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

Support does not know much about software solutions. As an example, I have struggled for weeks just to set up LDAP that should be fairly simple.

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

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 organization

Incentivized

Prior to Synoptix we were using the reporting tool that comes with our ERP system. It lacked the drilldown and comparability functions that make Synoptix the top pick. Further, designing reports and maintaining reports was very labor intensive

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.

• As a reporting tool it has allowed us to make fact based decisions. We have a significant annual cost with relation to our legacy system and Synoptix provides us with the best tool to mine the data that resides in our legacy system.

Incentivized