Skip to main content
TrustRadius
Budgyt

Budgyt

Overview

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…

Read more
Recent Reviews

Budgyt is the Best!

10 out of 10
March 28, 2024
Incentivized
We just started using it, for monthly re-forecasting and will use for our annual budget. Much easier to get input from department heads …
Continue reading
Read all reviews

Awards

Products that are considered exceptional by their customers based on a variety of criteria win TrustRadius awards. Learn more about the types of TrustRadius awards to make the best purchase decision. More about TrustRadius Awards

Reviewer Pros & Cons

View all pros & cons
Verified User
C-Level Executive in Finance and Accounting
Recreational Facilities & Services Company, 51-200 employees
Mike Hamar | TrustRadius Reviewer
Mike Hamar
Controller
The Arbutus Club (Recreational Facilities & Services, 201-500 employees)
Return to navigation

Pricing

View all 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
Return to navigation

Product Details

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.

Budgyt Features

Budgyt Screenshots

Screenshot of DashboardScreenshot of Manage Scenarios (Budgets)Screenshot of Copy DataScreenshot of Data SheetScreenshot of Manage C2C's (Category to Category Formulas)

Budgyt Video

Budgyt Intro Video

Budgyt Integrations

Budgyt Competitors

Budgyt Technical Details

Deployment TypesSoftware as a Service (SaaS), Cloud, or Web-Based
Operating SystemsUnspecified
Mobile ApplicationNo
Supported CountriesGlobal
Supported LanguagesEnglish

Budgyt Downloadables

Frequently Asked Questions

Budgyt starts at $499.

Planful, Vena, and Workday Adaptive Planning are common alternatives for Budgyt.

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

Consumers0%
Small Businesses (1-50 employees)35%
Mid-Size Companies (51-500 employees)45%
Enterprises (more than 500 employees)20%
Return to navigation

Comparisons

View all alternatives
Return to navigation

Reviews and Ratings

(35)

Attribute Ratings

Reviews

(1-5 of 5)
Companies can't remove reviews or game the system. Here's why
March 05, 2024

Great financial platform!

MB
Melanie Buchanan
Associate Director of Finance
American College of Veterinary Internal Medicine (ACVIM) (Non-profit Organization Management, 11-50 employees)
Score 10 out of 10
Vetted Review
Verified User
Use Cases and Deployment Scope
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!
Pros and Cons
  • 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
Likelihood to Recommend
Budgyt is well suited for any organization that has a need for multiple users to access financials, budgets, and forecasting.
Return on Investment
  • Budgyt has saved me hours of work on formatting spreadsheets for yearly budgets
  • Budgyt has also saved hours of report formatting for our finance committee, board, and budget managers
  • Budgyt allows all of our budget managers to have control and effectively create and oversee their budget areas.
Usability
10
Once acclimated with the platform, it is easy to create the view you would like to see to compare budget to actuals or year over year. Being able to click on a link to see detail for each category, change a department with the dropdown, and swiftly upload data makes the process simple for all users.
Scalability
10
We have multiple GL codes, cost centers and classes and switching back and forth within the platform is a very simple task.
Alternatives Considered
We would not want our 37 users to have access to QuickBooks as that would be costly and the time it would take to create specific access for the majority would be time consuming. Training would also be difficult. Additionally, QuickBooks does not allow you to build a budget with details as Budgyt does. The details in Budgyt provide our Finance Committee and Board to see what each line is actually comprised of and gives them the ability to make better decisions.
Other Software Used
Users and Roles
37
Budget Managers
Finance Committee
Board
Support Headcount Required
20
We have many departments and each department has a budget manager. Each budget manager may oversee several departments and they are accountable for the bottom line.
Business Processes Supported
  • Our yearly budget process
  • Financial reporting internally
  • Financial reporting to our Finance Committee and Board
Innovative Uses
  • Allowing non-employees to access our financials
  • Being able to customize the employee module for our benefits
Future Planned Uses
  • We have not fully explored utilizing the balance sheet module, but would like to.
Likelihood to Renew
10
Our organization has increased our level of financial reporting and decreased the time it takes to build a budget with the Budgyt platform. Because our budget managers have access, it allows them a higher level of ownership for their areas.
Products Replaced
No
Key Differentiators
  • Integration with Other Systems
  • Ease of Use
Ease of use was the reason we went with Budgyt.
Evaluation Lessons Learned
I would still choose Budgyt.
Implementation Rating
10
We did not have any integration problems. They understood our setup and made it happen in the Budgyt platform.
Implementation Details / Implementation Partner
  • Implemented in-house
Implementation Phases
No
Support Rating
8
Sometimes a little slow to answer.
Premium Support
I don't know if this is an option.
Bug Resolution
Yes
Yes - it was resolved within a couple of days.
Exceptional Examples of Budgyt Support
I utilized a particular trainer on several occasions and she was the best at helping me understand what I needed to do and how I needed to do it. She always went above and beyond.
Easy Tasks
  • Switching between departments and years.
  • Changing scenarios.
Difficult Tasks
  • The formulas to create C2Cs and FOAs are hard to understand for me.
August 31, 2023

Budgyt is great for Budgets!

KP
Karen Ponicsan
Business Manager
Our Savior Lutheran Church (Non-profit Organization Management, 51-200 employees)
Score 10 out of 10
Vetted Review
Verified User
Incentivized
Use Cases and Deployment Scope
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.
Pros and Cons
  • 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
Likelihood to Recommend
Budgyt has been a lifesaver for our organization! The software is very user friendly when it comes to creating several scenarios for budgets and forecasts. It has eliminated the struggles of maintaining an excel spreadsheet that was not user friendly. The software is well suited for anyone that is looking for a user-friendly platform that is easy to learn, provides standard and customization options for providing visualizations to use for presentations. I have also enjoyed the training that Budgyt provides in a recording format and stores in your "library" to review at your leisure.
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.
Usability
10
The software is user friendly; training and customer service is outstanding!
Scalability
10
I love the ability to create different budget scenarios!
Alternatives Considered
I researched and reviewed demos of other budget software providers and felt that Budgyt would be easy to learn
Other Software Used
Users and Roles
2
Finance & Accounting
Support Headcount Required
2
Treasurer
Finance Manager
Business Manager
Business Processes Supported
  • Maintain and Accurate Budget
  • Visualizations for Board Members
  • Provide Current Expense compared to yearly budget on monthly basis
Innovative Uses
  • Use customized graphs to assist with analysis.
  • Ability to review variance between prior year budget and current year budget to ensure in alignment with expected goals.
Future Planned Uses
  • Use the departments that are currently setup in the software
  • Setup the 2nd company within organization
Likelihood to Renew
10
The customer service is outstanding, and the company shows a genuine interest in teaching you the software to be successful in reaching your goals.
Products Replaced
Yes
Yes, Excel spreadsheet was being used for budgeting. Budgyt simplified the process of creating budgets and is very user friendly.
Key Differentiators
  • Integration with Other Systems
  • Ease of Use
Ease of Use in developing a yearly budget
Evaluation Lessons Learned
I would not change my evaluation or selection process.
Implementation Rating
10
Implementation Details / Implementation Partner
  • Implemented in-house
Implementation Issues
  • I do not recall any issues with the implementation.
Support Rating
10
During my first year of working within the budget software, I had to go through some training while trying to meet deadlines for meetings. The team at Budgyt was very accommodating and made sure I was equipped with the knowledge that I needed to be successful.
Premium Support
No. I like to learn as I progress through the software.
Exceptional Examples of Budgyt Support
During my first year of working within the software, I had lots of questions while creating the budget and sometimes needed additional help within a short period of time. The team was very responsive and made themselves available so that I could meet my deadlines.
Easy Tasks
  • Creating different budget scenarios
  • Inputting budget numbers and spreading them for each month
  • Adding Notes to each budget line item to review for the next year
  • Reviewing Visualizations
Difficult Tasks
  • Importing the actuals into Desktop Version of Quickbooks -it takes practice
June 29, 2023

Budgyt makes work with numbers easy

EK
Eva Kirsch
Accounting Manager
Lincoln (Non-profit Organization Management, 51-200 employees)
Score 10 out of 10
Vetted Review
Verified User
Incentivized
Use Cases and Deployment Scope
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.
Pros and Cons
  • 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.
Likelihood to Recommend
Budgyt works well for our non-profit social services agency where we offer different types of programs that have multiple funding sources. Budgyt provides a transparent overview of finance results in a quickly changing environment. The platform is flexible for me to include additional programs. I can switch to include additional funding scenarios in the budget. The platform is well-suited to accommodate different types of businesses.
Return on Investment
  • Improved financial insights
  • Cost-effectiveness
  • Time savings
Usability
10
Budgyt is easy to set up and it is easy to use.
Scalability
10
Cost center budgets can be duplicated and modified. The import feature saves time in inputting data.
Other Software Used
Support Rating
10
The Budgyt team created customized export/import templates for our agency. This saved lots of time and effort for me.
Premium Support
Premium support is included with the product at no extra costs. The Budgyt team responded very quickly to my questions.
Bug Resolution
No
Exceptional Examples of Budgyt Support
We use Crystal reports. We uploaded data to Budgyt and created scenario budgets. The next step was for me to download the budget, but the file didn't have all the data files my accounting software needed. Budgyt's programming team custom-created the download report for me, and I was able to upload my budget data into my accounting system. This was done in a timely manner.
March 07, 2023

Perfect for Budget-Holder Engagement

JS
Jim Slayman
Consultant
ET Foundation (Education Management, 201-500 employees)
Score 10 out of 10
Vetted Review
Verified User
Use Cases and Deployment Scope
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.
Pros and Cons
  • Access control
  • Hierarchy
  • Customer service
  • Better cashflow reporting
Likelihood to Recommend
Where you are looking to compile a complex budget across multiple departments with multiple budget-holders, and yet each department's own inputs are relatively simple, the hierarchical capabilities within Budgyt work very well.
Return on Investment
  • Budget-holder engagement
  • Multi-level budget
  • Ease of reporting
Other Software Used
Users and Roles
30
Finance, departmental budget-holders
Support Headcount Required
1
Finance Systems Consultant during the initial budget process. Then next year, Head of Finance
Not particularly technical people required, more logical
Business Processes Supported
  • Budget setting
  • Budget-holder engagement
  • Budget reporting
Innovative Uses
  • Wasn't expecting to be able to forecast balance sheet / cashflow
  • The ability to create new / copy scenarios
Future Planned Uses
  • Loading in actuals for comparison reporting
Likelihood to Renew
10
As a consultant this is not my choice, but the client are saying very positive things about future use of Budgyt
Support Rating
10
Always prompt to respond and ensure that the client are getting what tey need from the system
Premium Support
Yes
Bug Resolution
Yes
Yes - within 24 hours the bug was no more.
Exceptional Examples of Budgyt Support
Being in the UK, we are 5 hours ahead of the Budgyt offices, but even so their support is prompt and timely.
February 16, 2022

Answer to my prayers!!

JS
Jen Scroggins
Director of Finance and Administration
Resource Central (Non-profit Organization Management, 11-50 employees)
Score 10 out of 10
Vetted Review
Verified User
Incentivized
Use Cases and Deployment Scope
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...
Pros and Cons
  • 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!!
Likelihood to Recommend
For a nonprofit with a budget or $3-$4M, it is perfect and I cannot imagine where it would not fit in. They have talked about a lot of additions that I believe will make this the perfect tool for any company, but for me, it is perfect--well, almost perfect!
Return on Investment
  • Other than the time factor for all managers and for myself, we have not seen additional ROI from it. But time is hugely valuable to us as a nonprofit with limited staff.
Alternatives Considered
There is no comparison! Budgyt all the way!
Other Software Used
Users and Roles
9
Admin and line managers
Support Headcount Required
1
This is such an easy software to support because Budgyt provides most of the support. So the type of person could be just about anyone.
Business Processes Supported
  • Budgeting salaries and benefit
  • Tracking variances from budget to actual
  • seeing previous years compared to current for impacts of strategy changes
Innovative Uses
  • Not really anything. It does exactly what we needed it to do.
Future Planned Uses
  • I do not see anything but Budgyt is very forward thinking and they probably will come up with something that I really need but haven't thought about it yet!
Likelihood to Renew
10
Changing to another product doesn't even cross my mind!
Products Replaced
Yes
We were using excel and manually setting up budgets
Key Differentiators
  • Price
  • Product Features
Evaluation Lessons Learned
Absolutely not. I am thrilled with my selection and would do it all over again!
Implementation Details / Implementation Partner
  • Implemented in-house
Implementation Phases
No
Change Management Lessons
Change management was minimal
Nothing.
Implementation Issues
  • Hesitation. Nobody likes change.
Implementation Rating
10
We were fortunate to have the founder lead us through a video conference to teach our users how to use the system. Totally invaluable!
Support Rating
10
There is not one issue that they haven't jumped in and helped me out...whether it was explaining or developing a new feature.
Premium Support
We did not.
Bug Resolution
No
Exceptional Examples of Budgyt Support
It is ongoing. They go above and beyond for everything that I ask for help...again, either walking me through how to do things, sending videos with steps of how to do things or coming up with new features based on my request.
Usability
10
Once you learn it, it is very usable.
Easy Tasks
  • Setting up employees and payrates...again this is what we bought the product for...
  • Managers being able to do variances on a monthly basis
Difficult Tasks
  • exporting budget created in Budgyt into our accounting software
Return to navigation