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Budgyt has drastically improved my income statement presentations
March 10, 2024

Budgyt has drastically improved my income statement presentations

Alicia Wilkins | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Overall Satisfaction with Budgyt

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.
It's greatly increased my efficiency to combine statements. It has greatly increased my efficiency and effectiveness of my quarterly financial presentations. We used to have senior members of our organization ask for ad-hoc formats that would be manually executed by us in Excel... its rare for these persons to request a format Budgyt doesn't already possess!
We have greatly tailored our Budgyt user's access to the data. They can see components of income statements, entities as a whole, etc. It is relatively easy to tailor their access as well.

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

Great for an organization with multiple companies and/or multiple departments within the company(s). I'd recommend this program to an organization that has more than 3 separate entities and/or more than 3 departments.