Budgyt

Avantages

Budgyt makes it possible to consolidate detailed line-item budget planning into once place.

Budgyt accomplishes this by offering the largest number of sub-tiers of any budget SAAS out there, unlimited line-items under each lowest level account category, and line-item notes for expense/income justification. No more department-level spreadsheets because your budgeting software only supports 2 or 3 sub-tiers. You can easily fit every nit-picky detail into Budgyt!

Inconvénients

After years of using Budgyt, I still struggle with using the built-in equation builders. They are highly customizable, which is great, but they don't always seem to follow traditional math logic. I've resorted to running the few calculations I need to do externally and linking a spreadsheet to a Budgyt line item, which works fine for me and is a small price to pay for the level of detailed planning Budgyt facilitates.

Alternatives envisagées 

Pourquoi passer à Budgyt

Avantages

Very competitive pricing for a full-featured FP&A package. Excellent support for installation and ability to influence future feature set. Great user security / number of users / number of departments supported.

Inconvénients

Balance sheet functionality not included in base product; advanced visualizations not included in base product.

Alternatives envisagées 

Pourquoi choisir Budgyt 

Pourquoi passer à Budgyt

Avantages

Easy to build budgets with this software.

Inconvénients

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

Avantages

One of Budgyt’s significant strengths is its cumulative overview. With every department lead's activity feeding directly into the overall budget, you get an efficient, big-picture look at your organization's financial planning. This consolidated view is invaluable for maintaining control and ensuring every department’s budget aligns with broader strategic goals.

Inconvénients

While the functionality is impressive, there is a minor drawback: the user interface. Some users might find the interface slightly clunky compared to more visually refined alternatives. However, the exceptional features and smooth operation of the budgeting process more than make up for this visual shortfall.

Avantages

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" [sensitive content hidden] who has been immensely helpful from day 0 to the present, anticipating our needs at times before we even did.

Inconvénients

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.

Avantages

Eliminates dependence on Excel
Ease of use
Flexibility of layered financial roll-ups
Easy integration with QuickBooks Online

Inconvénients

Significant learning curve for implementation team

Avantages

It is great for annual fixed budgets and getting participation from other managers for their areas. Can restrict to just department or accounts that they they manage. Each month I create a forecast, containing combinations of imported actuals with future months as budget. The future months then edited to what managers think will happen, to create a forecast. Can have monthly to prior year and fixed budget while in an account Data Sheet, so can easily see how your forecast compares. Simple to close a forecast to create a new one. And lock prior months as necessary. Bonus is the search field. I can look for something in Actuals scenario, that is easy to find than in our accounting software. Also can run better reports on Actuals, than our accounting software. Support is great, direct help form [sensitive content hidden] the founder himself. Implementation was pretty easy, considering we have 2 companies, multiple departments and require consolidation. We use Budgyt monthly. Very easy to import and export data to our accounting software.

Inconvénients

Can't think of anything! Maybe just when I clone a scenario and deactivate the prior months formulas, I can't edit even the future months HR formula because there are annual limits that are used. My original estimate was a guess, and now I know what % or annual limits on certain payroll taxes are, but cannot change. [sensitive content hidden] did suggest a workaround though.

Alternatives envisagées 

Pourquoi passer à Budgyt

Avantages

Budgyt is very user friendly and a huge timesaver for me during our most busy time of the year. I like that I can clone my prior budget from prior year and add notes to each line item. I also like being able to review variances from year to year in order to quickly adjust any areas moving into the new budget year that may need attention.

Inconvénients

The only dislike is importing my financial information from my desktop Quick Books software to the Budgyt software. After a few times of practicing the process, it became easier.

Alternatives envisagées 

Pourquoi passer à Budgyt

Avantages

user friendly, most non accounting staff can navigate and be in charge of their own budgets

Inconvénients

nothing. it is easy to use. imports are easy

Alternatives envisagées 

Pourquoi passer à Budgyt

Avantages

The customizing of the software based on our agency's needs.

Inconvénients

No interface with our General ledget system.

Avantages

Employee and Payroll module in Budgyt has all the capabilities to plan accurately for payroll and employer expenses in multiple states and with a wide variety of employee benefits formula capabilities.

Customer support is super capable and fast - if you ever need anything beyond their excellent training video library, which almost always covers my questions.

Inconvénients

Sometimes keeping up with the way the platform is improved can be a challenge - but the benefit of the improvements outweigh any time spent getting used to the changes over time.

Alternatives envisagées 

Pourquoi choisir Budgyt 

Pourquoi passer à Budgyt

Avantages

Feature rich. The cloud-based user-friendly interface integrates easily, streamlines implementation and training, and makes for easy input and tracking of expenses, shows detail of prior years, while the reporting tools provide valuable insights into my financial situation. The ability to customize and create forecasts is instrumental in helping us stay on track with financial goals. Overall, Budgyt has improved our budgeting process, reduced labor costs, and helps to avoid keying errors. I highly recommend Budgyt software to anyone looking for an effective budgeting solution. The training staff is well versed in the product and has been a joy to work with.

Inconvénients

Nothing as of today.

Alternatives envisagées 

Pourquoi passer à Budgyt

Avantages

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

Inconvénients

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

Avantages

The Budgyt platform has made my budgeting process so much easier. Being able to move away from using multiple, linked Excel spreadsheets has been great. The employee module and the formulas modules are excellent. The customer service is also exceptional.

Inconvénients

There is not anything that I dislike about Budgyt.

Avantages

ease of use - this tool really helps and reduces error

Inconvénients

speed of updating - could be faster during refresh

Avantages

The ability to flip reports into various formats with ease. I can appease nearly all ad-hoc report requests via a report already designed in Budgyt. Previously, the requests would mean manually reformatting a report into different axis, periods, combination of departments, etc.

Inconvénients

Can't entirely remove %% from some report views. Have to delete it in excel outside of the program.

Avantages

Ease of use and implementation. Excellent support. Great ability to forecast personnel costs across multiple countries and currencies

Inconvénients

There are a couple of quirks around being able to import data into scenarios with formulas in them, but they are easy to work around.

Avantages

Easy to use and learn
Good at tracking budget and expenses
Good at pulling financial statements
Good at tracking FTE

Inconvénients

Some times is slow when it has too much data.
it is a little difficult to use formulas

Avantages

Funding account with not limit and ease of use

Inconvénients

The employee section. Having the enter new and employee one section and another section salary

Avantages

The customer service team, ease of use, visualizations, ability to compare scenerios easily!

Inconvénients

Still getting into it and so far my biggest complaint is user set up - but thats only a 1x process1

Avantages

Budgyt is a gear tool. We have used it to understand and manage our organisation budget. It is quick and user friendly. It provide reporting features to make things clear and understandable.

Inconvénients

Nothing as of now. It is working fine for our business needs

Avantages

Es una ventaja muy importante tener la capacidad de generar informes, con diferentes monedas o divisas de una manera muy practica y sencilla lo que me ahorra el aveces largo y tedioso proceso de las conversiones de múltiples monedas a una sola lo cual es aveces confuso.

Inconvénients

Debido a que es una plataforma online unas veces puede ser algo problemático dependiendo el pc

Avantages

Budgyt.com is such a needed software when it comes to the budgeting process. Bugyt.com is super user-friendly, and their support staff has your back the entire way. It is my second time referring an organization I work for to use Budgyt.com for their budgeting application. Their payroll module is so functional and allows you to dial in the payroll aspect of your business regarding the annual budget. We went from a spreadsheet budget last year with 15 revisions and many mistakes to an error free system we can depend on.

Inconvénients

There really are not any. This product surpassed my expectations with a support staff that was available when I needed them.

Avantages

I am in my 4th year of using Budgyt and I must say confess this simple, aesthetic, easy-to-use, off-the-shelf, ready-to-go, hustle-free software has performed beyond my expectations. Along the way during the last 4 years, they have added multicurrency and balance sheet reporting options, making it an all-round management reporting tool for top middle level management and top-level executives.

Inconvénients

Taking of the Find & Replace Import Option

Avantages

Lo mejor es que te evitas usar Excel y el hecho de preocuparte por las fórmulas.

Inconvénients

Realmente es muy buena la herramienta espero sigan así.