Budgyt

Score8.9 out of 10

61 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

Financial budgeting
Annual budget for revenue and operating expenses, headcount/compensation, capital expenses, projects, etc.
Category average: 9.6
Management reporting
Budget vs. actual or forecast, P&L’s, performance over time, between products etc.
Category average: 9.6
Budget Customization
Customizable templates and forms for performance visualization
Category average: 9

Personalized dashboards
Create custom dashboards and reports without the help of IT or administrators.
Category average: 8.1
Key Performance Indicator setting
Ability to set key performance indicators for measuring progress towards goals.
Category average: 8.1
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 (51-200 employees)

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 (11-50 employees employees)

Use Cases and Deployment Scope

I use Budgyt for budgeting and forecasting in our nonprofit, which previously relied on a cumbersome Excel system. Budgyt is intuitive and easy to use, though improvements in automation would be beneficial. The setup was straightforward and I'm very likely to recommend it, rating it a 10.

Pros

expense to budget
automation
SUPPORT

Cons

Would love to see more automation

Return on Investment

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!

Usability

Alternatives Considered

Microsoft Excel

Other Software Used

QuickBooks Online Advanced, Ramp

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

Dave Teske

CFO in Finance and Accounting at ACUI (11-50 employees employees)

Use Cases and Deployment Scope

I use Budgyt to manage the budget and financial reporting for our non-profit organization. It allows us to easily view actuals and update projections using our cost-centered model. I love the ease of dissecting financial information through multiple dashboard views.

Pros

Provides multiple ways to view the data
Allows for multiple scenarios
Allow easy comparison to prior periods

Cons

Data entry screen can be a little cumbersome.

Return on Investment

Saved significant time over the excel sheets we were previously using.
Quickly allows different views of budget data for easy comparison
Positive investment for us. Savings over other similar tools.

Usability

Other Software Used

Sage Intacct, Microsoft Excel

Steve Maciel View profile

Chief Financial Officer in Finance and Accounting at League of California Cities (51-200 employees employees)

Use Cases and Deployment Scope

Budgyt is our financial planning and analysis software, used primarily for distribution of monthly financials to all department heads and for the annual budget build/approval process

Pros

Budgyt has a strong hierarchy structure (i.e. department, program, project) for roll up of various functions into their department
Allocation of shared costs, especially salary and benefits across various funding sources
Quick and easy switching between views (i.e. actual to budget, 3-year actual trend, 3-year budget trend)

Cons

Visualizations integration into core product
Balance Sheet functionality in core product

Return on Investment

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.
Individual department head logins with security to restrict access to only what they should see. We have over 20 different departments, so the ability to enable a user at setup to see only their departmental results is an improvement over the manual security Finance maintained in the spreadsheet world.
Drill down into monthly financial results at the journal line level makes it easier for management and department heads to verity their financials. Previously, any unknown transactions were manually submitted to Finance with a question as to what was the vendor and/or payment associated with.

Budgyt

What is Budgyt?

Categories & Use Cases

Media

Budgyt Key Features

Top Performing Features

Financial budgeting

Management reporting

Budget Customization

Areas for Improvement

Personalized dashboards

Key Performance Indicator setting

Automated Budgeting

Most Frequent Users

Other Services (except Public Administration)

Budgyt Reviews

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