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Elegant, User-friendly Budgeting & Reporting Tool that I would highly recommend
August 04, 2023

Elegant, User-friendly Budgeting & Reporting Tool that I would highly recommend

Tom Ducary | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Overall Satisfaction with Budgyt

Budgyt was adopted as our primary platform of choice for financial reporting and analysis. It was selected initially in order to implement a more sophisticated budget tool than Excel, and quickly became the obvious go-to solution for forecasting, analysis, and routine reporting. Problems addressed include: Limited/non-user-friendly access to financal data & clear,
legible reports are now easily distributed/accessible to our non-finance team
members, saving time for both finance & non-finance staff, and eliminating
questions arising from lack of clarity/version control in distribution of
financial info. The easy-to-use & understand format of Budgyt helps keep
things consistent. And most notably, the processes of budgetting and
forecasting have been completely revamped to work with the Budgyt platform
(from old manual, Excel-based processes).
  • Budgeting
  • Forecasting
  • Reporting
  • Detailed analysis: Data drill-down
  • Integration with other ERPs (specifically, Sage Intacct)
  • Advanced features such as formulas and employee module could be easier to use
  • time-saving
  • improved financial insights
  • improves data-driven decision making
Incredibly easy to use and intuitive. Design is simple without lacking functionality. Limited learning curve makes it very easy to set up and start using, and with little practice it becomes incredibly easy to perform routine tasks, including monthly update of actual data, running and analyzing reports, as well as building budgets, forecasts, and 'what-if' scenarios
drill-down and the inverse, insight & analysis at different levels of detail, is very straightforward and effective. changing inputs to manipulate reports to capture different views from org level to individual depts is also incredibly easy. copying & changing data between scenarios is also very easy
Other than Hyperion, which is in a different league and more suitable for much larger organizations, I would say that Budgyt compares very favorably. We moved from Great Plains to Sage Intacct, and evaluated their planning solution at the time of implementation. We were very underwhelmed by the management reporter tool that we used with GP, and budgeted with Excel prior to moving to Sage. We began looking at several other products alongside Budgyt & Sage's solution, but were so impressed by Budgyt that at its price point it was a no-brainer. We liked Sage's tools plenty, but felt that Budgyt could do more and cost less, so opted to go this route despite the lack of direct integration.

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

I'm sure that Budgyt would not be the most appropriate solution for large, complex organizations with numerous entities or overly complicated structures. Those org's likely have solutions within their ERPs or other sophisticated finance systems with budgeting/reporting capabilities that mirror Budgyt, making it redundant. However, for an easy, and relatively cheap solution to meeting those needs, as well as forecasting and analysis, I would recommend Budgyt to anyone with the need.