Great financial platform!
Updated March 05, 2024
Great financial platform!
Score 10 out of 10
Vetted Review
Verified User
Overall Satisfaction with Budgyt
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
- 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.
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.
Do you think Budgyt delivers good value for the price?
Yes
Are you happy with Budgyt's feature set?
Yes
Did Budgyt live up to sales and marketing promises?
Yes
Did implementation of Budgyt go as expected?
Yes
Would you buy Budgyt again?
Yes
Using Budgyt
37 - Budget Managers
Finance Committee
Board
Finance Committee
Board
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.
- Our yearly budget process
- Financial reporting internally
- Financial reporting to our Finance Committee and Board
- Allowing non-employees to access our financials
- Being able to customize the employee module for our benefits
- We have not fully explored utilizing the balance sheet module, but would like to.
Evaluating Budgyt and Competitors
- Integration with Other Systems
- Ease of Use
Ease of use was the reason we went with Budgyt.
I would still choose Budgyt.
Budgyt Implementation
- Implemented in-house
Budgyt Support
| Pros | Cons |
|---|---|
Quick Resolution Good followup Knowledgeable team Support understands my problem Support cares about my success | Not kept informed Difficult to get immediate help |
I don't know if this is an option.
Yes - Yes - it was resolved within a couple of days.
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.
Using Budgyt
| Pros | Cons |
|---|---|
Like to use Relatively simple Easy to use Technical support not required Well integrated Consistent Quick to learn Convenient Feel confident using Familiar | None |
- Switching between departments and years.
- Changing scenarios.
- The formulas to create C2Cs and FOAs are hard to understand for me.