Budgyt is the Best!
Updated February 26, 2025

Budgyt is the Best!

Anonymous | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Overall Satisfaction with Budgyt

We just started using it, for monthly re-forecasting and will use for our annual budget. Much easier to get input from department heads without sharing my bulky multi-co multi department spreadsheet. Users range from those only responsible for one expense, to managers responsible for multiple departments. With the GL import feature it allows users to see prior actual data without accessing our accounting program. Allows us to forecast how the year will end up compared to budget.

Pros

  • Import Data
  • Formulas and Excel Linking
  • Reporting
  • Onboarding
  • Analysis
  • Search

Cons

  • Have approvals if using Balance Sheet module
  • Be able to restrict payroll module access by department
  • Visualizations by department without having to drill down
  • Ability to reforecast easily, allow us to plan/react accordingly
  • Time savings developing the budget compared to Excel
  • Better/easier collaboration and input from managers
  • Error free, better accuracy for payroll budget
Has the spreadsheet feel without the clunky formulas. Prior years monthly numbers easily visible on the data sheet to compare with. Easily run various reports on the dashboard. Easy to clone/create new scenarios. Custom template to import GL detail the way want to see it. User friendly for non-finance managers to use. Options to add comments on data sheet. Approval process - easy of viewing what needs to be approved.
Very good. We are using it for two companies, each with multiple departments. We can run any report by single department, or for both companies consolidated. It is very simple to select which departments to view, and which scenarios you want to compare. You can also select if you want to see variance dollars and/or percentages.
Very well priced with everything we want, and more. Also looked at Xlerant/Budgetpak. Budgyt is very simple and way better than the clunky spreadsheet that could not be shared for fear of managers messing up formulas. It is even better than our accounting software for analyzing our actuals data. Highly recommend!

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

Love Budgyt’s business model which enabled use to try it out with our data and most of the setup without paying up front. Budgyt is so much better than my bulky multi company, multi department Excel spreadsheet.

Great that we can upload detailed actual GL data for users to see. Awesome that we easily see prior year monthly actuals, and budget on the data sheet for a gut check. The formulas and excel linking files work like a charm. Implementation was very smooth and haven't needed to contact customer support yet. You can tell this product was designed by a CFO, and is easy enough to use by a non-financial manager.

Budgyt Feature Ratings

Budgeting, Planning, and Forecasting
10.0
Long-term financial planning
10
Financial budgeting
10
Forecasting
10
Scenario modeling
10
Management reporting
10
Budgeting Tools
10.0
Automated Budgeting
10
Financial Planning Collaboration
10
Budget Customization
10
Departmental Budgeting
10
Import & Export Tools
10
Analytics and Reporting ()
Not Rated

Using Budgyt

13 - Executive Director, Club Manager, Club events coordinator, Member Services manager, Catering manager. Sales and Marketing Manager, Human Resources Manager, financial controller, Auditor, Executive Chef, Food and Beverage Manager Facilities Manager, Outside services Manager, Marine Mechanic . All department managers have access and input to their respective areas to be able t budget and reforecast every month.
1 - It is primarily myself as Financial Controller that has full access, to add users, set permissions, create scenarios, import and export data, setup payroll, formulas, excel linking, training and encourage other managers to participate and enter monthly updates for the forecast. .I do the majority of the input for administrative type expenses.
  • Solid Budgeting tool
  • Monthly reforecasting
  • Analysis of actuals data
  • Comparing actuals to budget and forecasts
  • Better reporting on actuals than accounting software
  • Using search tool for actuals
  • Using it as much as we can now, just need more manager input, which will happen as they get used to it.
  • Possible consider the Visualizations module at some point - need to look at that again.
It is awesome, will never go back to the spreadsheet. Just paid for our second year. It does everything we need. Slick interface for data entry, easy to use and run reports with a few clicks to get what you want. great data comparison, flexible to be able to see monthly totals from prior year or other scenario when entering in the data sheet.

Evaluating Budgyt and Competitors

  • Cloud Solutions
  • Scalability
  • Integration with Other Systems
  • Ease of Use
Ease of use was important as other managers are not savvy in tech or finance but need to participate on the budget process. Needed a cloud solution anyone can access instead of a file on our server. It is scalable so we could add other departments if need be. It imports and exports data well to and form our accounting software.
I don't think I would do anything different. I had seen demos and reviews of other products. Budgyt was the best!

Budgyt Implementation

  • Implemented in-house
Change management was minimal
  • It was pretty straight forward
  • Getting time managers to train them and get them to use it

Budgyt Support

James the founder always replies to my emails in a timely manner, even if overseas. Has not passed me on to a customer service support team member. Rob was great with the initial demos as explored the product to see if it was what we wanted. Online documentation and videos are very good.
ProsCons
Quick Resolution
Good followup
Knowledgeable team
Problems get solved
Kept well informed
No escalation required
Immediate help available
Support understands my problem
Support cares about my success
Quick Initial Response
None
No, not needed. Didn't know it was a thing.
After spending time implementing the Balance Sheet module, we decided Balance sheet was not a good fit for our organization, for reasons not related to the product itself. Of course we kept the Profit and Loss features. James kindly refunded our balance sheet fee and understood. I felt bad for all the time he spent, but was glad we could go back.

Using Budgyt

ProsCons
Like to use
Relatively simple
Easy to use
Technical support not required
Well integrated
Consistent
Quick to learn
Convenient
Feel confident using
Familiar
None
  • editing data in data sheet
  • running reports in Dashboard
  • cloning report
  • importing data
  • exporting data
  • nothing

Comments

More Reviews of Budgyt

  1. Home
  2. Budgeting and Forecasting Software
  3. Budgyt Reviews
  4. User Review of Budgyt