Great value and easy to use
March 07, 2025

Great value and easy to use

Sharon Logan | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User

Overall Satisfaction with Budgyt

We use Budgyt to forecast and budget for our business and compare to actuals. We also use it for management reporting to department heads because it allows us to restrict what they can and can't see through permissions, rather than having to create multiple spreadsheets.
As more than 95% of our cost is associated with employees and contractors located around the globe using spreadsheets to forecast costs is extremely difficult. Budgyt makes this process easy.

Pros

  • Permission levels, and aggregating sensitive GL categories
  • Payroll and contractor costing and forecasting
  • Multiple currencies

Cons

  • Only thing I would like to see is a report that uses actuals and budget to forecast the whole financial year
  • It has been a huge time saving for us when trying to forecast for changing personnel and contractors
  • It has also created a portal that department managers can use to drill down on their costs without risk they will see information they shouldn't
  • We have also used it to replace manual management reports created on spreadsheets and this has also saved a significant amount of time.
I find it easy to use. There were a couple of idiosyncrasies to be aware of but support were very helpful when I came across any issues and quickly helped me to resolve them and understand how to manage them.
It is very scalable as an Income Statement (P&L) budgeting tool.
Budgyt did everything I needed it to do, was cheaper and easier to use.

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

It's most appropriate for P&L (Income statement) and payroll cost forecasting and budgeting. It's not appropriate for balance sheet forecasting. I would say it's most useful in the small to medium business space, probably not for very large enterprises. However, the solutions that are suitable for large complex enterprises don't really work for smaller businesses anyway.

Budgyt Feature Ratings

Budgeting, Planning, and Forecasting
9.0
Long-term financial planning
7
Financial budgeting
10
Forecasting
10
Scenario modeling
8
Management reporting
10
Budgeting Tools
9.4
Automated Budgeting
7
Financial Planning Collaboration
10
Budget Customization
10
Departmental Budgeting
10
Import & Export Tools
10
Analytics and Reporting
9.0
Personalized dashboards
10
Cost and profitability analysis
10
Key Performance Indicator setting
7

Comments

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