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
Offerings
- Free Trial
- Free/Freemium Version
- Premium Consulting/Integration Services
Starting price (does not include set up fee)
- $499 per month Departments
Product Details
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- Competitors
- Tech Details
- Downloadables
- FAQs
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
(1-7 of 7)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 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 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
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.
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 15, 2022
Budgyt Software is the Best
Score 10 out of 10
Vetted Review
Verified User
I use Budgyt software to create annual budgets for two companies. One company is in the service industry so our labor costs are a large part of the budget. Budgyt software does such a great job at calculating payroll and benefit costs.
- Payroll Taxes.
- Benefit Costs-Tied to each employee.
- Commission Cost-Tied to increase in sales.
- Revenue Projections are based on a supporting Microsoft Excel spreadsheet that can be updated at any time.
- Balance Sheet. I know this will be rolled out soon. Not sure I will use it but it would be nice.
February 10, 2022
Budgyt continues its ongoing improvements!
Our management team of at least a dozen people use it for annual fiscsal budgeting and monthly operational variance analysis against budget. We upload each of our five company QuickBooks files into Budgyt each month, and can easily view consolidated or department and/or company views. Budget is easy to train newbies on, and managers become "owners" of their financials, supported by this product.
- Ease of use
- Training typically takes 45 minutes with newbies
- monthly variance analysis rocks with Budgyt!
- Manual upload of QuickBooks is a bit kludgy
- We would like to see consolidated Balance sheets...I believe they are working on this.
- We would like to see budgeted and operational statements of cashflows, and I believe they are working on this too.