Great Product for Mid-Sized Organizations
Overall Satisfaction with Budgyt
Budgyt is our financial planning and analysis software, used primarily for distribution of monthly financials to all department heads and for the annual budget build/approval process
Pros
- Budgyt has a strong hierarchy structure (i.e. department, program, project) for roll up of various functions into their department
- Allocation of shared costs, especially salary and benefits across various funding sources
- Quick and easy switching between views (i.e. actual to budget, 3-year actual trend, 3-year budget trend)
Cons
- Visualizations integration into core product
- Balance Sheet functionality in core product
- Allowed us to move from a very onerous manual spreadsheet-based annual budget process, where consolidation was difficult and time consuming, to a fully-online cloud-based product.
- Individual department head logins with security to restrict access to only what they should see. We have over 20 different departments, so the ability to enable a user at setup to see only their departmental results is an improvement over the manual security Finance maintained in the spreadsheet world.
- Drill down into monthly financial results at the journal line level makes it easier for management and department heads to verity their financials. Previously, any unknown transactions were manually submitted to Finance with a question as to what was the vendor and/or payment associated with.
Adaptive Planning is more complex and considerably more expensive than Budgyt. Budgyt does a nice job of meeting the sweet spot of being very capable without being onerous.
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


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