Budgyt is the Best!
We just started using it, for monthly re-forecasting and will use for our annual budget. Much easier to get input from department heads …
Starting at $499 per month Departments
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What is Budgyt?
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…
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Pricing
Non-Profit - Easy
$399
Cloud
per month 12-month annual subscription
For Profit - Easy
$499
Cloud
per month 12-month annual subscription
Non-Profit - Plus
$799
Cloud
per month 12-month annual subscription
Entry-level set up fee?
- Setup fee required
For the latest information on pricing, visithttps://budgyt.com/pricing
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- Free Trial
- Free/Freemium Version
- Premium Consulting/Integration Services
Starting price (does not include set up fee)
- $499 per month Departments
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What is Budgyt?
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 unlimited users, all team members can access their data, analyze variances, and budget both top-down and bottom-up in a single platform, with secure user permissions to ensure sensitive information is always secure and hidden.
According to the vendor, Budgyt was built by experienced power users looking for a more efficient and insightful approach to budget planning. Their goal was to achieve ease-of-use, speed, and data accuracy to streamline the process, giving companies the power to stay agile and fully prepared for whatever happens next.
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 unlimited users, all team members can access their data, analyze variances, and budget both top-down and bottom-up in a single platform, with secure user permissions to ensure sensitive information is always secure and hidden.
According to the vendor, Budgyt was built by experienced power users looking for a more efficient and insightful approach to budget planning. Their goal was to achieve ease-of-use, speed, and data accuracy to streamline the process, giving companies the power to stay agile and fully prepared for whatever happens next.
Budgyt Features
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Budgyt Integrations
Budgyt Competitors
Budgyt Technical Details
| Deployment Types | Software as a Service (SaaS), Cloud, or Web-Based |
|---|---|
| Operating Systems | Unspecified |
| Mobile Application | No |
| Supported Countries | Global |
| Supported Languages | English |
Budgyt Downloadables
Frequently Asked Questions
Budgyt starts at $499.
Reviewers rate Implementation Rating highest, with a score of 9.1.
The most common users of Budgyt are from Mid-sized Companies (51-1,000 employees).
Budgyt Customer Size Distribution
| Consumers | 0% |
|---|---|
| Small Businesses (1-50 employees) | 35% |
| Mid-Size Companies (51-500 employees) | 45% |
| Enterprises (more than 500 employees) | 20% |
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Reviews and Ratings
(35)Attribute Ratings
Reviews
(1-25 of 29)Companies can't remove reviews or game the system. Here's why
March 28, 2024
Budgyt is the Best!
We just started using it, for monthly re-forecasting and will use for our annual budget. Much easier to get input from department heads without sharing my bulky multi-co multi department spreadsheet. Users range from those only responsible for one expense, to managers responsible for multiple departments. With the GL import feature it allows users to see prior actual data without accessing our accounting program. Allows us to forecast how the year will end up compared to budget.
- Import Data
- Formulas and Excel Linking
- Reporting
- Onboarding
- Have approvals if using Balance Sheet module
- Be able to restrict payroll module access by department
- Visualizations by department without having to drill down
March 19, 2024
Budgets Made Easier
We use Budgyt to complete our annual operating budget. It's user-friendly, and I like the ability to share the budget with other managers.
- Incorporates formulas for wages/cost of sales
- Easy to compare periods, forecasts w/ actual, budget w/ actual, etc
- Can easily send budgets to department managers
- The video library is great
- Downloading detailed reports takes a long time
We use Budgyt for a large volume of entities in our group of companies. It has saved a considerable amount of time in our combined and consolidated income statement processes. In addition to compiling financial review presentations to our senior leadership team. It has also enabled more transparency to users of the financial statements who are given access to Budgyt to review their entities or departments performance. We are thankful we no longer see the dreaded #REFs in our combined/consolidated workbooks!
- 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.
- 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.
March 05, 2024
Great financial platform!
Score 10 out of 10
Vetted Review
Verified User
We use Quickbooks for our accounting software, where we pay per user. Budgets were cumbersome because they were built within multiple spreadsheets, all of which fed into a master sheet. Formulas would get deleted, and trying to share the information with our finance committee and board was tedious. Budgyt allows access to anyone we give access to create budgets within their department, view monthly financial info, and forecast upcoming months. No more formatting monthly reports for each department!
- Allows for multiple users to access budgets, financials and forecasting
- Calculates payroll automatically for forecasting and salary increases
- Allows users to leave notes on variances or other pertinent information for others to view
- Easily compare data from prior years with current year.
- Budgyt allows for formulas to be set up to calculate different data, but understanding how to set up a formula has been difficult
- Tracking item codes from Quickbooks is tedious, so we stopped reporting by item codes in Budgyt due to the extra work
- I would like to see more ad hoc reporting
March 05, 2024
Great Cross-Team collaboration tool that empowers!
We use this for cross team budgeting and forecasting. It allows us to easily compare budgets based on team or type of expense.
- Customer Support
- HR Formulas
- Line by line budgeting
- Explaining how to use the different scenarios
- Editing imported descriptions of expenses
August 31, 2023
Budgyt is great for Budgets!
Our organization uses the Budgyt Software in order to create a yearly budget that has 50 plus accounts to monitor throughout the year. The product has assisted me with being able to create a budget with ease as our company was using an outdated excel spreadsheet that was not user friendly.
- 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
- Creating a symbol to click on to import from the software to the Desktop version of QuickBooks
Budgyt was adopted as our primary platform of choice for financial reporting and analysis. It was selected initially in order to implement a more sophisticated budget tool than Excel, and quickly became the obvious go-to solution for forecasting, analysis, and routine reporting. Problems addressed include: Limited/non-user-friendly access to financal data & clear,
legible reports are now easily distributed/accessible to our non-finance team
members, saving time for both finance & non-finance staff, and eliminating
questions arising from lack of clarity/version control in distribution of
financial info. The easy-to-use & understand format of Budgyt helps keep
things consistent. And most notably, the processes of budgetting and
forecasting have been completely revamped to work with the Budgyt platform
(from old manual, Excel-based processes).
- Budgeting
- Forecasting
- Reporting
- Detailed analysis: Data drill-down
- Integration with other ERPs (specifically, Sage Intacct)
- Advanced features such as formulas and employee module could be easier to use
June 29, 2023
Budgyt makes work with numbers easy
I use Budgyt to summarize 22 different service programs for our agency. Program personnel constantly changes and cost fluctuation needs to be controlled, projections need to be standardized. I use the platform to reflect these changes and analyze scenarios. Budgyt made this possible for me. Their customer service was very helpful in implementing the new software. Budgyt has an upload feature and I can use it with our accounting software.
- Budgyt stores different scenarios
- Setup information input is very self explanatory
- Has a great visual layout
- Dashboard is well designed
- Software could include non-profit specific features such as setting up new program locations.
May 23, 2023
Best Budgeting Tool.
We use Budgyt for budgeting & forcasting and it helps us solve the problems we used to face while using excel, as we have multiple companies and multiple departments that are involved for our annual budget. Its a user friendly tool and easy to learn and makes our day to day life easy.
- Solution for ultimate budeting needs.
- Provide each and every detail to GL levels.
- HR module is quite interesting where we can setup the whole payroll for budgeting.
- 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.
Budgyt has saved me a great deal of time when it comes to managing my school's finances. It's very easy to use, and the features really simplified my budgeting process. The user-friendly dashboard allows me to easily move in and out of each school's finances and departments. Creating budgets with multiple scenarios is an amazing tool. The customer support team is also very helpful and responsive. I highly recommend this software to anyone needing a cost-effective way to move away from excel. Budgyt will save you money and still provide the same functionality of some of these more costly products.
- Manages our finances
- User-friendly
- Easily customizable
- Would love to integrate Bugdyt with our accounting software
March 07, 2023
Perfect for Budget-Holder Engagement
Score 10 out of 10
Vetted Review
Verified User
The organisation had a very finance-led budgeting process last year, and we wanted to find a simple way to establish a process by which budget-holders were more engaged and owning of their budgets, in the most efficient way. Budgyt looked like, and turned out to be a great fit. The access control enables us to provide visibility to a budget-holder of just what they need to see, and so keeps their experience uncomplicated.
- Access control
- Hierarchy
- Customer service
- Better cashflow reporting
March 07, 2023
Budgyt is an Excellent product
We use Budgyt for our monthly reporting, forecasting, budgeting, and variance analysis. Our general ledger is QuickBooks Online, which doesn't provide out of the box functionality for forecasting and variance reporting.
After considering other applications, it was a no-brainer to select Budgyt
After considering other applications, it was a no-brainer to select Budgyt
- Excellent consolidated reporting
- Importing and Exporting data is extremely easy
- Customer support is excellent
February 15, 2023
Best budgeting tool I've ever used!
Score 10 out of 10
Vetted Review
Verified User
Easy to create and input budget information
even if there are multiple entities. You
can have multiple users with specific roles and track all changes. The payroll features are robust and you are
able to create numerous formulas and benefits that correlate to each employee
along with the ability to allocate employees’ expenses. The reporting is powerful and with a few
clicks, you’ll be able to analyze any entity, department, account, period, etc.
you need. This tool is a game changer!
- Robust reporting
- Employee costs
- Track changes
- Simple integration
- Sometimes the reports took a while to run
September 27, 2022
Excellent budgeting software
We use Budgyt for both budgeting and forecasting. It has an integral role in our business. We have 3 companies and upwards of 20 departments within each entity. Budgyt allows line item detail and descriptions. Our entire staff utilize Budgyt as each dept is responsible for its own budget. We needed a product that was user-friendly to the non-financial personnel.
- Easy comparisons with other budgets
- Great data base easy to maintain
- Easy to input
- Easy to navigate
- Allows for fairly sophisticated formulas
- I don't care for their out of the box reporting. We need to tweak it for our use.
- Nothing else. It is a really nice product!
September 06, 2022
Great User-interface for ERP for Non-Financial leaders
Budgyt provides a user-friendly interface for the financial data within our ERP (Microsoft Dynamics GP). It provides a self-service approach for our leaders to look at financial data (comparison of actual to Budget, projection, prior year, etc.) and then be able to drill down into the detail that supports those numbers without having to rely on the Finance Team for analysis.
- Monthly comparisons to budget
- Drill down to transactional detail
- Ad hoc analysis comparing current year to budget, projection, and prior years
- Automated interface between ERP (Microsoft Dynamics GP) and Budgyt.
September 02, 2022
Budgyting our Budgets
We use Budgyt to manage our budgeting process in Budgyt and ensure that budget managers know their spending compared to their budget every month. We also use the platform for each budget manager to build their annual budget as an organization. Our organization leaders also leverage the platform to determine budget spending and allowances.
- Payroll Formulas
- Budget to Actuals
- Categorization of Expenses
- Sync with Accounting Platforms
- Availabilty to Download entire department budget by lines
- Comment issues
September 02, 2022
Budgyt for Healthcare
As a department manager, Budgyt allows me to view my department's finances, explain variances, and communicate with the CFO and CEO regarding financial issues, as well as make and approve budgets.
- Compare one fiscal year with another
- Track expenses
- Create a workable budget
- Communicate with Leadership
- I would have appreciated having access to training videos.
August 31, 2022
Budget efficiency redefined
We use Budgyt software for budgeting. Each department head became a user so they make their own updates vs. having the accounting team do this. The dashboard is a great tool for rolling up information by entity, by a single department, or in total. Salary allocations are possible across different entities and departments.
- No risk of formula errors like in Excel spreadsheets.
- Drop down box under each account number for added details.
- Intuitive to use without needing a lot of training.
- Quick and easy training tool
- Clearer employee management page
August 26, 2022
Budget-friendly budget and forecasting solution.
We use Budgyt for all of our budget and forecasting needs. Users create what their budget needs are in the software and those requests run through an approval process before they are actually added as a valid item in the budget. We can also run multiple budgets and forecasting scenarios at once which really helps us plan for any possible outcome.
- Export/Imports
- Employee salary and deduction tables
- Ability to create formulas to and assign rates to revenue and expense lines
- Can link to data outside of Budgyt
- reporting comparisons
- Ability to link to accounting software
August 09, 2022
Value for Money Budgeting Solution
Score 9 out of 10
Vetted Review
Verified User
The solution is extremely user-friendly and packed with powerful features such as scenario-based data modeling, segregation capability, Xero integration, SAML 2.0 authentication support, and so on. Aileen Zelekowitz, our implementation consultant, was fantastic throughout the implementation phase, gathering requirements, leading workshops, and assisting us in configuring the system.
- Good User Interface
- Scenario Based Modelling
- Xero Integration
- SAML 2.0
- Better system performance
- Open APIs
- Intutive User Interface
Budgyt helps us create and manage
budgets for many departments and/or projects.
Budgyt is useful for importing
organizational data like trial balances, monthly profit and loss statements,
balance sheets, and other financial information.
Budgyt allows you to design the
pieces of the organization's budget structure, as well as link them
hierarchically.
The budget is customizable to
contain budget formulas, estimate direct and indirect expenses, and operate
and non-operating income.
- Budgyt collaborates in the convergence of multiple budgets in the departments of the organization.
- Budgyt is adaptable in terms of administrative access for budget changes.
- Budgyt has some reporting difficulties, and budget data is often tabular in nature, making it difficult to read on small-screen phones.
March 09, 2022
You Can't Beat Budgyt!!!!
Score 10 out of 10
Vetted Review
Verified User
Budgyt helped us to streamline budgeting and forecasting processes. The tool is very intuitive and packed with excellent features. There are about 50 users who regularly submit and consume information. We predominantly use the platform as a source of truth and for self-service: no more broken formulas, flying excel spreadsheets, and consolidation nightmares. The learning curve was not steep at all. Finally, customer service is exceptional.
- Collecting information
- Continuous improvement
- Customer service
- Pricing
- Sending communication from Budgyt
February 28, 2022
Budgyt Review
SOMN uses Budgyt to budget and forecast monthly. We have 20 budget managers and were looking for a system that was easy to use and understand for our non-financial staff. The information collected within Budgyt is imported seamlessly into our main accounting software and allows budget managers to stay on top of planning and implementation of various activities.
- Integration between Budgyt and Financial Edge (Blackbaud)
- User access limitations - ability to lock down accounts reviewed by individuals
- Training/support - very responsive
- Customization
- Approval notification - filter to always show new with the option of approved/pending
February 21, 2022
Budgyt - Affordable and easy to use!
We use Budgyt to maintain our Actuals vs. budget/forecast variance analysis. We also allow transparency for budget owners to see their P&Ls and the details behind it. We use the exports and imports to derive further reporting when needed. The product is very easy to use and almost every product enhancement has been exactly what we needed to make the experience even better.
- variance analysis
- headcount budget/planning (HR formulas)
- easily exportable for further reporting
- We would have loved to see a Balance Sheet/Cash flow function within the platform, but almost like Budgyt knew, it's already in beta stage of being released!
February 16, 2022
Answer to my prayers!!
As a nonprofit, I have 6 business managers who provide variance reports in Budgyt. We use Quickbooks and then export actual data to Budgyt, which houses our annual budget. The budgets are created by each manager and they are held to any variances. They then use these variances as one of their tools in setting the next year's budget...
- Reports by Class
- Comparison to previous year...budget or actual
- Rolling up or expanding the data based on the audience
- Automatic import or export for Quickbooks Desktop...but this is coming very soon!!