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
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- 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 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% |
Comparisons
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Reviews and Ratings
(35)Attribute Ratings
Reviews
(1-5 of 5)Companies can't remove reviews or game the system. Here's why
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.
- Improved financial insights as we can splice the departments from various entities, with ease.
- We save at least 2-3 business days a month using Budgyt as opposed to Excel to combined and consolidated our income statements.
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
- Much faster budget process
- Much faster Forecast process
- Easier to involve managers in the process
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
- Improved the budgeting and analysis function including accuracy.
- Improved decision-making capabilities for the allocation of resources in the annual planning & re-forecasting function.
- Increased involvement and integration of departments within the budgeting process.
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.
- Budgyt simplifies the planning and analysis of budget changes in the company.
- Budgyt offers tools to take predictions in a simpler way.
- Budgyt advocates for the improvement and quality of the company's financial management planning.
- Budgyt reduces the risks and uncertainties associated with traditional spreadsheets by providing cloud-based budgeting options that can be customized to your business needs.
Budgyt
is easy for participants to set up and use; can be integrated with any
accounting software; it is excellent for loading, identifying, and correcting
errors; has templates that can be used to create new reports without having to
start from scratch; offers a variety of report types, including one-time or
instant reports.
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
- affordable option for smaller organizations
- increased communication company wide
- training and support/help are extremely responsive
SOMN selected Budgyt due to the ease of integration with our existing financial software (Blackbaud), and being a separate system, not needing internal support staff to manage/update the program.