Budgyt

Score8.9 out of 10

65 Reviews and Ratings

What is Budgyt?

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.

Categories & Use Cases

Media

Screenshot of board-ready charts and dashboards available from any field in a budget.

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Screenshot of the budgeting interface

KPIs
Select from a library of more than 6,000 key performance indicators, and incorporate KPIs into your planning process.
Category average: 9.8
Benchmarking with external data
CPI, daily exchange rates, industry KPIs. with scheduled data refreshes.
Category average: 6.7
Financial budgeting
Annual budget for revenue and operating expenses, headcount/compensation, capital expenses, projects, etc.
Category average: 9.6

Color-coded scorecards
Track and analyze performances with interactive, color-coded balanced scorecards.
Category average: 7.5
Revenue Forecasting
AI forecasting of future sales revenue.
Category average: 8.6
Automated Budgeting
Automated reporting and cash flow tracking reacts to real-time changes to more efficiently plan budgets.
Category average: 7.7

#1 most frequent

Other Services (except Public Administration)

“Allowed us to move from a very onerous manual spreadsheet-based annual budget process, where consolidation was difficult and time consuming, to a fully-online cloud-based product.”
— Chief Financial Officer, League of California Cities

Pros

Streamlined budgeting and forecasting processes
Intuitive and user-friendly interface for all personnel
Effective data hierarchy and roll-up structure management

Cons

Reliance on manual data integration from external systems (e.g., QuickBooks, Sage Intacct)
User interface and navigation could be more streamlined
Performance and speed concerns with increasing data volume

Derek Benson View profile

COO in Corporate at Working Wardrobes (11-50 employees employees)

Use Cases and Deployment Scope

We use Budgyt to create easy to read reporting from data downloaded from QuickBooks Online. Before Budgyt my leadership team and board not have clean and easy to access financial data available. It also took us hours to prepare monthly reports - now it takes only about an hour each month.

Pros

QBO import
Clean reporting
Access to those that need to know

Cons

Entering/changing data on the backend

Return on Investment

Ease of use
Time savings
Reporting clarity

Usability

Other Software Used

QuickBooks Online, Rippling, Microsoft 365

Megan Flynn Zinger, CPA View profile

Controller in Finance and Accounting at The Frick Collection (201-500 employees employees)

Use Cases and Deployment Scope

We use Budgyt for our annual budgeting process. I am able to distribute large amounts of information across my organization (20+ department heads) easily. We are all able to access the same information in real time and made edits/notes/changes throughout the process without relying on multiple versions of spreadsheets. Previously we were sharing information through spreadsheets and emails. Budgyt allows all information to live in one place for all stakeholders to access.

Pros

Ease of distribution
Sharing notes and updates in real time
Tracking changes
Allowing for multiple users

Cons

API interface with accounting software
Training for non-financial users
Detailed notes

Return on Investment

Time savings
Reduced redundancy
Reduced errors/loss of data

Usability

Other Software Used

Emburse Nexonia, Paylocity

JJ Munn

Controller in Finance and Accounting at Grandeur Fasteners Inc. (51-200 employees employees)

Use Cases and Deployment Scope

We use Budgyt to create our budget for the current year. We use it for Forecasting future years and can even compare the forecasts for multiple scenarios. The reporting feature is used to created detailed reports specific for whichever employee needs it. Our monthly financial data is entered and reviewed on Budgyt as comparisons is much easier.

Pros

Forecasting
Reports
Budget/Data Comparison
Formulas and KPIs

Cons

Importing could be more user friendly.

Return on Investment

Time savings for reviews and meetings
We anticipate much less time to be used on the budget next year
Our YOY comparisons have become easier viewing multiple years

Usability

Alternatives Considered

PlanGuru

Verified User

Director in Finance and Accounting (51-200 employees employees)

Use Cases and Deployment Scope

We use Budgyt for monthly budget-actual financial reports, forecasting, board advisories and statement of cash flows

Pros

Can roll up from project to department to division to org-wide with a few keystrokes
departmental monthly reports are automated
Board presentations practically package themselves

Cons

I wish it were a full blown accounting system; it's extremely well done and versatile. It has a complete fixed assets schedule as well as prepaids

Return on Investment

time savings have been tremendous
improved financial insights
provided a lot of clarification and insight into a poorly designed chart of accounts that at least can now be addressed and cleaned up

Usability

Alternatives Considered

MIP Fund Accounting, Blackbaud Financial Edge NXT and QuickBooks Desktop Enterprise

Other Software Used

Blackbaud Financial Edge NXT, Blackbaud Raiser's Edge NXT

Karen Ponicsan

Business Manager in Finance and Accounting at Our Savior Lutheran Church (51-200 employees employees)

Use Cases and Deployment Scope

We use Budgyt in our organization to simplify the process as we have over 200 line items. We work on the budget once a year and being able to create notes within the system helps provide information that may have been forgotten over time. Also, the recorded sessions that Budgyt provides during training serves as a refresher to me or any new team member that needs to learn the software. I also use their customization services to provide charts to present at board meetings, which is very helpful.

Pros

The software provides ease in making edits and changes while working with many scenarios that can be created within the platform.
The visualizations are extremely helpful for presentations.
Provides recorded training sessions to review at any time when learning the software
The team works hard to provide great customer service
Budgyt Team works hard to customize our reporting to meet our needs each year as we grow.

Cons

Creating a symbol to click on to import from the software to the Desktop version of QuickBooks

Return on Investment

Reduced amount of time to create a budget
improved insight into variances from previous year to determine activities causing change.
used website with Board Members to work in real time to adjust budget for finalization.
reports can be shared with employees easily
Customized Visuals help board members to see the overall financial insight in order to make better decisions for cost effectiveness.

Usability

Other Software Used

OneSaas by Quickbooks, QuickBooks Desktop Premier, Servant Keeper

Budgyt

What is Budgyt?

Categories & Use Cases

Media

Budgyt Key Features

Top Performing Features

KPIs

Benchmarking with external data

Financial budgeting

Areas for Improvement

Color-coded scorecards

Revenue Forecasting

Automated Budgeting

Most Frequent Users

Other Services (except Public Administration)

Budgyt Reviews

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Use Cases and Deployment Scope

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Usability

Other Software Used

Use Cases and Deployment Scope

Pros

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Return on Investment

Usability

Other Software Used

Use Cases and Deployment Scope

Pros

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Return on Investment

Usability

Alternatives Considered

Use Cases and Deployment Scope

Pros

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Return on Investment

Usability

Alternatives Considered

Other Software Used

Use Cases and Deployment Scope

Pros

Cons

Return on Investment

Usability

Other Software Used

Budgyt Alternatives