Budgyt

Avantages

Budgyt me gusta porque ayuda a reducir los errores humanos, mejorar la precisión, la transparencia, y optimizar el procesos.

Inconvénients

No tengo quejas del software por el momento.

Avantages

Budgyt stores different scenarios. Import and export feature works well. Dashboard can be customized.

Inconvénients

Originally setting up payroll data was less flexible. Now there are more options available on how you want to set up your personnel budget.

Alternatives envisagées 

Avantages

Managing multiple companies with multiple departments.

Inconvénients

With big database such as our company, it is slow, need to speed up.

Alternatives envisagées 

Pourquoi passer à Budgyt

Avantages

Great support and easy setup. We use the budgeting and reporting functions religiously.

Inconvénients

Nothing of real substance to note. Certain formulas are complex.

Avantages

It is very easy to understand and nearly every time I have a question, I am able to find the solution on Budgyt's support page.

Inconvénients

Honestly can't think of any cons, very few workarounds had to be administered and budgyt's enhancements have always brought an immediate added-value.

Avantages

I spent years doing our budget in Excel and printing out pages and pages for the managers to manually make changes that I then had to go back into Excel and make changes. The most frustrating part of all of this was budgeting payroll and benefits. It took 6-8 weeks to come up with our budget and the payroll side of the budget was never accurate. Budgyt solved all of that!!

Inconvénients

First, the learning curve was really steep, but Budgyt patiently and expertly held my hand through all of it. Additionally, I used Quickbooks Desktop and the import to Budgyt from Quickbooks is kinda rudimentary and there is no option to export the Budgyt budget into Quickbooks. I know that Budgyt is almost finished with a solution to this.

Avantages

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.

Inconvénients

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 envisagées 

Pourquoi choisir Budgyt 

Pourquoi passer à Budgyt

Avantages

Easy implementation, excellent customer support

Inconvénients

I can't think of any negative associated with Budgyt

Avantages

I started utilizing Budgyt in 2019 when I started at my non-profit organization. I was looking for a budget and forecasting software that was user friendly, allowed us to create and update multiple budgets, provided streamlined forecasting, had canned budget and actual reports, and one we could manage our payroll through. My expectations were exceeded with Budgyt. Throughout my time with Budgyt they have continuously made software updates and improvements which benefit the customer. Recommendations I have made have been implemented and really benefited me. There are many useful tutorials and [SENSITIVE CONTENT], and the support team, are always available and quick to respond to inquires. The software now has updates which link directly to QBO and made my job as Finance Manager much easier. I could highly recommend Budgyt.

Inconvénients

In the beginning the personnel portal was missing some dimensions that would have been helpful. I was able to work with [SENSITIVE CONTENT] and Budgyt's support team and they were able to add in the dimensions I needed.

Avantages

In the past I juggled several spreadsheets for budgeting, each with different formulas and variables to manage each line item by location. With Budgyt, I can type the formulas directly into the software and everything carries over with the appropriate detail and notes! If I insist on having a spreadsheet to share with the team, I can simply store spreadsheet in the software and tell it which line to read. It not only saved me from a multitude of excel tabs but also gave me the ability to budget and forecast in a fraction of the time and energy!

I started using this when our business was just an idea and now we have 4 open retail stores for Everafter and 1 + 2 upcoming for The Westside. Budgeting between the brands under the parent company has been surprisingly simple with Budgyt's ability to customize and target formulas and inputs to certain groups.

Avantages

We use Budgyt to manage our budgeting process in Budgyt and ensure that budget managers know their spending compared to their budget every month. We also use the platform for each budget manager to build their annual budget as an organization. Our organization leaders also leverage the platform to determine budget spending and allowances.

Inconvénients

The lack of intergration with our accounting software makes this difficult to use at times.

Avantages

Product is very easy to use. comparisons are hugely helpful. Navigating between companies, departments and drilling down is very helpful

Inconvénients

reporting is just ok. We have to tweak it to work for us, if we are running reports directly from budgyt

Avantages

Once you get the hang of how the software works, it's easy to enter, update, and recall information within the platform. We got tired of spending hours fixing Excel formulas and formats, and with Budgyt, we can spend more time analyzing our financial progress.

I also like their integration with Xero - it means it automatically imports actual financial data.

Inconvénients

Nothing to dislike here. The software already does a good job at what it's supposed to. There can be a bit of a learning curve when using the function formulas, and I haven't had a chance to fully utilize their HR module. There are always lots of features that can add to the software, and I am glad this company continues to deploy resources towards feature releases and fixes.

Avantages

Budgyt solved our planning and forecasting needs filling in a gap in our ERP system that no other third party or the direct OEM manufacturer could. Budgyt is now core to our operations and a solution we use daily to achieve the double digit growth figures we enjoy since the day we deployed this throughout our organization.

Inconvénients

The Cloud vs. perpetual licenses we could install in our data center.

Avantages

Easy to implement, great for budget-holder engagement, excellent access control so that budget-holdes only see their own sections, whilst adding to a wider more complex budget

Inconvénients

Nothing difficult about Budgyt. Very easy to use

Avantages

We use Budgyt for all of our budget and forecasting needs. Users create what their budget needs are in the software and those requests run through an approval process before they are actually added as a valid item in the budget. We can also run multiple budgets and forecasting scenarios at once which really helps us plan for any possible outcome.

Inconvénients

Directly connect with accounting software.

Avantages

The ease of use for non-financial leaders giving them access to how their area is doing against budget and projection and allowing them to drill-down into transactional detail without the assistance of Finance Team.

Inconvénients

We have not yet automated our integration from the ERP to Budgyt.

Avantages

Quick and accurate reports
Less scope of error

Inconvénients

Visualization tools can be improved
It's hard to implement

Avantages

The use of dimension to track which grant/contract is funding each staff member as well as the tools that allow expense allocation based on salries.

Inconvénients

I cannot point to any. Any issue that we have had has been addressed by support.

Avantages

Ease of use, support from Budgyt, training and implementation was thorough.

Inconvénients

Approval notification - would like to see only pending when I open the system and not have to filter. During year end, it can take a while for everything to load due to the high volume of users entering new data because the system is also pulling up approved/declined changes.

Avantages

Easy to use platform with amazing features coupled with top tier support.

Inconvénients

Missing balance sheet and cash flow but that is being tested now so should be offered very soon.

Avantages

Easy to set up and use. VERY competitive pricing. Excellent support. Literally no change management required.

Inconvénients

It is an online platform so the speed will be worse if you compare to soft on the PC.

Avantages

Quick setup, easily import actual results, forecast multiple years, easily understood by non financial managers, quick and easy changes to revise or copy formulas

Inconvénients

Not a lot of cons, other than it does take a few times copying and preparing a budget to understand that everything, including actual budgets, actual results and forecasts are deemed budgets and need to be attached to each year for comparison if needed. That is where the copy feature comes in real handy.

Alternatives envisagées 

Pourquoi passer à Budgyt

Avantages

We needed something to replace excel for our budget process. We wanted to be able to create separate budgets for each of our corps initiatives and roll up the data as well as allocate overhead expenses to each Corps. Budgyt does that for us without the worry of having mistakes in an excel formula. It makes it easy for employees to enter their own data without the need for me to reenter the data into a "master" spreadsheet. We are also taking advantage of adding supporting documents and notes to the budget detail - which will be great for looking back 6 months into the year when we want to know what those dollars were for. For all the functionality in the software I think the price on the product is GREAT! I looked at other products that were easily 10 x as much and were doing just about the same thing. I highly recommend Budgyt software! I also like the fact that it is a web based product, nothing to download, install or backup.

Inconvénients

There is a lot of clicking to get to editing a line item.
Would like a bit more flexibility in reporting. We are relatively new users of Budgyt. For both of these items it could be that we have not worked with it long enough yet.

Avantages

The support for the implementation was bar none. The software is easy to use and saved so much staff hours, including VP's time and Director's time. Whenever we changed anything, all the reports were automatically updated. And we don't have the issue of old versions of the budget floating around. We would never go back to spreadsheets.

Inconvénients

We cannot think of anything. Not sure what else to say.

Avantages

Even as a small organization, we have many departments and projects, which in our case are QuickBooks Online Classes and Sub-Classes. Budgyt was the only affordable solution we could find that allows us to do financial reporting, budgeting, and forecasting at the Sub-Class level. It's easy and flexible to see and analyze data for classes or groups of classes.

Inconvénients

The newly released version of the API with QuickBooks Online has been problematic. We'd have preferred to wait until it was more thoroughly tested and developed.

Avantages

First, Budgyt has a great team. Customer support representative has been incredibly responsive to our questions and really helped get things started for us. Once we started to use the tool, we found that it was both intuitive and very powerful. Our non-financial team members love being able to add new line items and document the assumptions behind their budgets.

Inconvénients

There isn't much not to like about Budgyt! The only thing I can think is that there are a few features that are in the works that are not live yet. For instance, it would be nice to be able to control account access ad the level of cost center and account so that folks could have access to an account in one cost center, but not have access to that same account in other cost centers. ALl of this is minor stuff and I strongly believe that James will work to resolve these items.

Avantages

Very easy to use, very intuitive. I like how easy it is to copy budgets and look at different scenarios or time periods.

Inconvénients

Takes a little bit of time to get used to the payroll/HR section to figure out how that flows into the budget

Avantages

Easy to use software that is very detail-oriented. Does a great job of projecting labor costs including payroll taxes and benefit-costs.

Inconvénients

No balance sheet-I hear the balance sheet module is coming soon. Not sure I will really use it.

Avantages

#1 is customer service. If you need something they are there to help. The software is easy to use and they have covered all the things you need and don't have all the extra stuff you don't need. I couldn't be happier with our purchase. I looked at a lot of systems and by far Budgyt does exactly what we need.

Inconvénients

I didn't find anything that I didn't like. If I struggled with anything they were an email away. They even send vidoes to walk you step by step.

Avantages

Budgyt is one of the best infrastructure provider for budgeting related application development.

Inconvénients

Budgyt has a great no-code based solutions however it should be improved in a way to provide more custom solutions.

Avantages

Very user friendly. So easy to get information in and out of the system.

Inconvénients

I have been using excel so this was such an improvement for me. There wasn't anything that I found that I didn't like. Looking forward to gaining more knowledge on using it.

Avantages

I liked the ease of use and ability to coordinate with administration.

Inconvénients

It took me a little while to understand how to work with variances, but overall it was really good.

Avantages

It's excellent for cross-team collaboration for budgeting and forecasting.

Inconvénients

If you don't have a finance background then it could be a little confusing trying to navigate.

Avantages

Accessible by multiple teams, easy to input and adapt data, great measurement features for comparatives.

Inconvénients

Once the reports are generated they are easily printable. Would love to print using the browser. Other than that I have no issues with this software at all.

Avantages

Great product, super easy to use and save time.

Inconvénients

none noted. We have great experiences with Budgyt.

Avantages

The software is easy to build and customize to your specific needs. Its easy to upload & download the data from the product. Our Managers are loving it compared to what we used to use.

Inconvénients

Did not 100% fit our budget model as far are building formulas. We do have a couple that we have to manually calculate and enter in.

Avantages

Compare feature by rep and by territory as I've defined it.

Inconvénients

Sometimes the reporting tool takes a few minutes. I wish it was instantaneous

Avantages

Budgyt in the grand scheme of things is easy to use. You can create calculations for payroll, taxes, revenue, and cogs.
You can create budgets by department and also import the actuals from Quickbooks to do month, quarter or annual comparisons.

Inconvénients

It does take time to understand and calculate the formulas, but once you get use to it, it is a lot simpler to do future ones. In addition, customer support can assist to help you start them. I do wish they could add budgets greater than 1 year, but this might coming in future software releases.

Avantages

Easy to input data, create multiple budgets, track changes and view not only individual cost centers, but also entire entities.

Inconvénients

Some of the reports took a while to run based on the needed detail.

Avantages

The ability to distribute work with controlled GL accounts built in the user interface, working with James on configuration to tailor our business processes and access from anywhere with the cloud solution

Inconvénients

Haven't figured out all the tricks to take advantage of all the capabilities. There are a number of reporting capabilities I do not totally understand.