Budgyt

4.8 (56)
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Affordable, Collaborative, Multi-P&L Business Budgeting

About Budgyt

Budgyt is a budgeting platform that offers SMBs, mid-market businesses, and large enterprises a single and secure platform from which to manage the entire budgeting process. Incorporating built-in calculators, robust reporting and a QuickBooks Online API, Budgyt aims to deliver a comprehensive yet user-friendly budgeting solution.

In order to manage the budgeting process efficiently, Budgyt equips users with the tools to create budgets automatically. Designed to replace manually formatted budget spreadsheets, Budgyt enables users to lock down budget features and controls. By fixing features such as formulas, links and reports, Budgyt helps users generate audit-ready budgets quickly and reliably.

To enhance user productivity, Budgyt includes innovative features like advanced search navigation, formula inputs and version control. Moreover, Budgyt promotes fast forecasting as well as data import and spreading tools. By granting users access to a QuickBooks Online API, Budgyt seeks to further strengthen business performance and budgeting activity. With Budgyt’s powerful budgeting features, users can control data and distribute budgets safely. Furthermore, Budgyt facilitates secure data management through defined user permissions and layered access points.


Key benefits of Budgyt

  • Budgyt offers a cloud-based budget management solution, serving to automate the budget process and reduce the need for inefficient spreadsheets.

  • Users can lock down features and controls like formulas, links and formatting, helping to reduce budget errors and maintain audit compliance.

  • Budgyt employs innovative features including quick search navigation, formula inputs and version control, allowing users to work efficiently and effectively with reliable data.

  • Budgyt provides user management functionality, enabling users to define user access parameters easily as well as manage budget data securely.

  • Budgyt supports access to QuickBooks Online API, permitting users to export and organize budgeting data seamlessly.

  • Images

    Budgyt Software - Dashboard
    Budgyt Software - Manage Scenarios (Budgets)
    Budgyt Software - Manage C2C's (Category-to-Category No-Code Formulas)
    Budgyt Software - Copy Data
    Budgyt Software - Data Sheet
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    Budgyt video
    Budgyt Software - Dashboard
    Budgyt Software - Manage Scenarios (Budgets)
    Budgyt Software - Manage C2C's (Category-to-Category No-Code Formulas)
    Budgyt Software - Copy Data
    Budgyt Software - Data Sheet

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    Reviews

    Overall rating

    4.8 /5
    (56)
    Value for Money
    4.9/5
    Features
    4.8/5
    Ease of Use
    4.6/5
    Customer Support
    4.9/5

    Already have Budgyt?

    Software buyers need your help! Product reviews help the rest of us make great decisions.

    Showing 5 reviews of 56
    Tom
    Tom
    Overall rating
    • Industry: Nonprofit Organization Management
    • Company size: 11–50 Employees
    • Used Weekly for 1+ year
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 10.0 /10

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

    Reviewed on 2023/08/03

    We adopted Budgyt first and foremost as a new budgeting solution to replace manual, Excel-based...

    We adopted Budgyt first and foremost as a new budgeting solution to replace manual, Excel-based process. It quickly became obvious that Budgyt delivers much more, and has become our tool of choice for financial reporting, forecasting, and analysis. Our experience has been overwhelmingly positive. It is the only finance tool that our non-finance users regularly come to me with compliments and positive feedback about.

    Pros

    Love the Budgyt platform! Very intuitive and easy to use, with capabilities that allow users to get more detailed and complicated as needed. Allows us to enter data in detail (or summary) in a way that makes it incredibly accessible and easy to read for non-finance users, which is ultimately a huge time saver for our finance team. Everyone on the Budgyt team that I have spoken to or worked with from sales to support (including the [sensitive content hidden] who took one of my training/implementation calls) has been awesome. The training was great (the video academy might be my single favorite & most-used/recommended training feature in any program ever), onboarding and implementation were made super easy (as far as those things go), and ongoing support (on the rare occasions it's been needed; it's been mostly out-of-the-box questions/ideas that I've brought up post-go-live) is excellent & very personable - huge shout-out to "budgyt guru" Aileen who has been immensely helpful from day 0 to the present, anticipating our needs at times before we even did.

    Cons

    My only 'complaint' is that of several additional features that have been implemented since we began using Budgyt (dashboards, cash flow, balance sheet) I am anxiously-awaiting the #1 item on my wishlist - live integration with Sage Intacct API to eliminate manual import of actual data. But I'm confident that when it arrives it will work correctly.

    Alternatives Considered

    Datarails and Sage Intacct

    Reasons for Switching to Budgyt

    We moved to Sage Intacct (from Microsoft Dynamics GP) at the same time, and strongly considered their Planning solution. We also began considering other comparable products, but once we saw the capability and ease of use in action, at Budgyt's price point it became a no-brainer.
    Jason
    Overall rating
    • Industry: Nonprofit Organization Management
    • Company size: 51–200 Employees
    • Used Weekly for 1+ year
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 10.0 /10

    Cloud budget consolidation

    Reviewed on 2020/09/01

    We have made it easier for budget holders to submit their budgets using this tool. They find it...

    We have made it easier for budget holders to submit their budgets using this tool. They find it enjoyable to use (and we’re talking budgets here). Budget holders can access the tool anywhere they have internet.

    The instant scenario consolidation dramatically improved the quality of budget discussions, leading to better business decisions.

    Using this tool helped make out finance team more efficient, by reducing effort to consolidate.

    Pros

    This product automatically consolidates budget holders’ submissions, replacing error prone, labour intensive spreadsheet work. Budget managers find it easy to use, and they focus on business decisions, not managing complex spreadsheets. Consolidation is instant, dramatically more efficient for the finance team. Because results are instant, decision makers can see the impact of various scenarios instantly, facilitating impactful discussion on the future of the business and better decisions. Set up is easy thanks to excellent customer support. We import and export data to and from Microsoft GP, and use the budgyt.com tool for budget variance reporting. Budget managers can access information anywhere they have internet.

    Cons

    The nature of budgeting tools is that the data is displayed in tabular fashion. Although the site renders on mobile devices, it can be hard to read on smaller phones.

    Alternatives Considered

    Prophix and PlanGuru

    Reasons for Choosing Budgyt

    We needed a tool that was more efficient and less error prone for budget consolidation.

    Switched From

    Microsoft Excel

    Reasons for Switching to Budgyt

    For the scope & scale we needed the price point was excellent value for money. High quality customer service was evident from the first demo.
    Brendan
    Brendan
    Overall rating
    • Industry: Government Administration
    • Company size: 201–500 Employees
    • Used Weekly for 6-12 months
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 5.0 /10

    Easy to use but a bit cumbersome

    Reviewed on 2022/01/05

    Decent product but the customer service relies heavily on online videos and there are some...

    Decent product but the customer service relies heavily on online videos and there are some weaknesses in the reporting.

    Pros

    Easy to build budgets with this software.

    Cons

    The reporting features are lacking and the import from quickbooks time consuming .

    Verified Reviewer
    Overall rating
    • Industry: Hospital & Health Care
    • Company size: 501–1,000 Employees
    • Used Weekly for 2+ years
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 10.0 /10

    Intuitive and User Freindly Budgeting Solution

    Reviewed on 2024/08/28

    We've been using Budgyt for the past two plus years, and it has completely transformed the way we...

    We've been using Budgyt for the past two plus years, and it has completely transformed the way we manage our budgeting process. As a mid-sized organisation, managing our budgeting process used to be a time-consuming task. However, Budgyt has streamlined everything, making it efficient and straightforward.The interface is quite intuitive and user-friendly.

    The customer support team has been exceptional, guiding us through the initial setup and providing ongoing assistance whenever we need it. They’ve truly made the transition to Budgyt platform smooth and hassle-free. I recommend this platform to any organisation looking to uplift their budgeting and planning capabilities.

    Pros

    The interface is intuitive and end user-friendly, making it easy to track our actuals against budgeted
    Easily create, manage, and adjust budgets across multiple departments
    Microsoft Excel connectivity via Import function

    Cons

    No negative experience so far apart from the time zone difference between Australia and the US where the support team is based in

    Kathleen
    Overall rating
    • Industry: Recreational Facilities & Services
    • Company size: 51–200 Employees
    • Used Weekly for 1-5 months
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 10.0 /10

    Budgyt is the BEST!

    Reviewed on 2024/03/22

    It has been excellent, we are just rolling it out to users and those who have seen it are as...

    It has been excellent, we are just rolling it out to users and those who have seen it are as excited as I am. A huge improvement

    Pros

    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 [sensitive content hidden], and is easy enough to use by a non-financial manager. We just started using it, for monthly re-forecasting and will use for our annual budget. Much easier to get input from department heads. 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. Easily run various reports on the dashboard and print to Excel. Options to add comments on data sheet. Approval process - easy of viewing what needs to be approved.

    Cons

    Couldn't restrict a users access to Payroll module by department. Can't have approvals feature if using Balance sheet (something we are considering.

    Alternatives Considered

    Jirav, Prophix and BudgetPak

    Reasons for Switching to Budgyt

    Very well priced with all the features we want, and even more than we expected. Easy to setup and use.
    Showing 5 reviews of 56 Read all reviews

    Budgyt FAQs

    Below are some frequently asked questions for Budgyt.

    Budgyt offers the following pricing plans:

    • Pricing model: Subscription
    • Free Trial: Available

    Budgyt offers 4 pricing tiers where pricing is based on the number of profit and loss (P&L) statements, or "departments" Basic: $199/year + one-time set up fee for Unlimited Users Up to 5 Departments Additional Departments: $15/month

    Budgyt has the following typical customers:

    2–10, 11–50, 51–200, 201–500, 501–1,000, 1,001–5,000

    Budgyt supports the following languages:

    English

    Budgyt supports the following devices:

    Budgyt integrates with the following applications:

    ConnectWise PSA, QuickBooks Online, Xero

    Budgyt offers the following support options:

    Email/Help Desk, FAQs/Forum, Knowledge Base, Phone Support, 24/7 (Live rep), Chat

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