TrustRadius: an HG Insights company

Save this comparison

Save this comparison

Add Product

Recommended Comparisons

    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    Budgyt

    Score8.6 out of 10
    Mid-Size Companies (51-1,000 employees)
    Budgyt is a dynamic FP&A platform that simplifies budgeting, forecasting, and reporting. It offers a single source of truth for CFOs and finance teams to integrate financials, streamline processes, and manage multiple departments.

    $5,988

    per year (up to 10 departments)

    Pricing
    Budgyt
    Editions & Modules
    No answers on this topic
    Offerings
    Pricing Offerings
    Budgyt
    Free Trial
    Yes
    Free/Freemium Version
    No
    Premium Consulting/Integration Services
    Yes
    Entry-level Setup FeeRequired
    Additional DetailsContact for pricing quote. Multi-year and non-profit discounts are available.
    More Pricing Information
    Community Pulse
    Budgyt
    Considered Both Products
    Budgyt
    Chose Budgyt
    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.
    Incentivized
    Chose Budgyt
    as previously mentioned it is affordable, robust, easy to use
    Incentivized
    Chose Budgyt
    We chose Budgyt because of their user-friendly software.
    Incentivized
    Chose Budgyt
    Budgyt's software is much better than PlanGuru's. We have multiple reoccurring glitches and errors with PlanGuru that we have not seen a sign of with Budgyt.
    Incentivized
    Chose Budgyt
    Budgyt did everything I needed it to do, was cheaper and easier to use.
    Incentivized
    Chose Budgyt
    We selected Budgyt over other options because it is exceptionally easy to use, perfectly meeting all our budget management needs. Its user-friendly interface, robust functionality, and cost efficiency enabled seamless multi-department integration. Budgyt delivered the …
    Incentivized
    Chose Budgyt
    I like both programs and I think there both have their advantage and disadvantages. I believe Budgyt is nice for smaller organizations and easier to learn. I notice with Budgyt when there are so much data, it start getting slow. Our organization only have 75 people, but for …
    Incentivized
    Chose Budgyt
    Budget is a much more user friendly product and it allows me to share information with all business units without sending out individual financials.
    Incentivized
    Chose Budgyt
    I needed a robust integration between QBO and my budgeting software. The reporting is Budgyt will serve our organization far better than those found and available in QBO.
    Incentivized
    Chose Budgyt
    Budgyt was the best value for money solution for us
    Incentivized
    Chose Budgyt
    It does. Or stack. Multiview has the limitation of how funds that is an available to me while Budgyt has Unlimited funds. With the option, the organization o a grow with the product without having to shop around for a new budget system every 2 years. This
    product grows with the …
    Incentivized
    Chose Budgyt
    Very well priced with everything we want, and more. Also looked at Xlerant/Budgetpak. Budgyt is very simple and way better than the clunky spreadsheet that could not be shared for fear of managers messing up formulas. It is even better than our accounting software for analyzing …
    Incentivized
    Chose Budgyt
    Other than Hyperion, which is in a different league and more suitable for much larger organizations, I would say that Budgyt compares very favorably. We moved from Great Plains to Sage Intacct, and evaluated their planning solution at the time of implementation. We were very …
    Incentivized
    Chose Budgyt
    It was the most cost-effective while also providing all the features I needed.
    Incentivized
    Chose Budgyt
    This is a far easier tool to use and analyze budgets. It's also far easier to drill down into expenses.
    Incentivized
    Chose Budgyt
    Budgyt is perfect for our organization at a fraction of the cost and easier to implement.
    Incentivized
    Chose Budgyt
    We would not want our 37 users to have access to QuickBooks as that would be costly and the time it would take to create specific access for the majority would be time consuming. Training would also be difficult. Additionally, QuickBooks does not allow you to build a budget …
    Incentivized
    Chose Budgyt
    Forecaster was terrible. We switched from that. We looked at multiple products, either too expensive or not user-friendly. We switched 4 years ago. I do not recall the companies we visited back then. There are certainly more on the market now, but I have no interest in …
    Incentivized
    Chose Budgyt
    n/a
    Incentivized
    Chose Budgyt
    We work with Budgyt because of the platform's usability and affordability to have more user access. Other platforms were too tricky for the end user to access or had a monthly or annual fee that didn't meet the needs of our non-profit organization. In short, the platform is …
    Incentivized
    Chose Budgyt
    We thought Budgyt was the best value for the product provided.
    Incentivized
    Chose Budgyt
    We just reviewed budgyt. It met are needs and are budget so didn't review anymore vendors.
    Incentivized
    Chose Budgyt
    Budgyt is easy for participants to set up and use; can be integrated with any accounting software; it is excellent for loading, identifying, and correcting
    Incentivized
    Key User Insights
    Would buy again
    100%
    Would buy again
    45 Answers
    Delivers good value for the price
    100%
    Delivers good value for the price
    45 Answers
    Happy with the feature set
    100%
    Happy with the feature set
    45 Answers
    Lived up to sales and marketing promises
    100%
    Lived up to sales and marketing promises
    44 Answers
    Implementation went as expected
    100%
    Implementation went as expected
    42 Answers
    Best Alternatives
    Budgyt
    Small Businesses
    No answers on this topic
    Medium-sized Companies
    Oracle Hyperion (legacy)
    Score7.5 out of 10
    Enterprises
    Oracle Hyperion (legacy)
    Score7.5 out of 10
    All AlternativesView all alternatives
    User Ratings
    Budgyt
    Likelihood to Recommend
    8.6
    (36 ratings)
    Likelihood to Renew
    9.1
    (5 ratings)
    Usability
    8.3
    (18 ratings)
    Support Rating
    7.6
    (5 ratings)
    Implementation Rating
    9.1
    (3 ratings)
    Product Scalability
    8.8
    (17 ratings)
    User Testimonials
    Budgyt
    Likelihood to Recommend
    Budgyt
    Budgyt is great for instant consolidation of a multi-department and multi-entity organization. It has strong hierarchy and roll-ups at various levels. User setup and security is straightforward, with ability to restrict data to only department heads over a project. Excellent capability in salary and benefit calculation, for instance down to each type of state and federal tax, and each type of employee health benefit with individual cost as specific as necessary. Strong export functionality.
    Incentivized
    Read full review
    Pros
    Budgyt
    • budgeting: building annual budgets from the ground-up
    • financial reporting: Budgyt includes a number of great options for navigating financial reports
    • analysis (& reporting): the ease and flexibility of configuring and using data tools allow for detailed analysis, and numerous options for accessing data to enable effective analysis and reporting views
    Incentivized
    Read full review
    Cons
    Budgyt
    • The ability to remove %'s entirely from reports, instead of only partially removing %'s from a report.
    • The formulas C2C and FOAs can be confusing to set up. I think more explanative data ---- hovering over question marks alongside cells you must complete as a suggestion --- in this module would be useful. These formulas work great once you trial & error your way into them operating. But we find their initial set-up a time commitment. We don't want to watch how-to videos each time we set them up. The hover/clarifications of what certain cells mean would be very helpful.
    Incentivized
    Read full review
    Likelihood to Renew
    Budgyt
    It is awesome, will never go back to the spreadsheet. Just paid for our second year. It does everything we need. Slick interface for data entry, easy to use and run reports with a few clicks to get what you want. great data comparison, flexible to be able to see monthly totals from prior year or other scenario when entering in the data sheet
    Incentivized
    Read full review
    Usability
    Budgyt
    We have not encountered any issues with Budgyt’s limitations, given the number of departments and the volume of data we pass to the tool. I have no reason to give it anything less than a 10; the only limitation so far is that we don’t have full API integration yet. Once that is finalized, we will be seamlessly integrated across all of our financial platforms and tools.
    Incentivized
    Read full review
    Support Rating
    Budgyt
    During my first year of working within the budget software, I had to go through some training while trying to meet deadlines for meetings. The team at Budgyt was very accommodating and made sure I was equipped with the knowledge that I needed to be successful
    Incentivized
    Read full review
    Implementation Rating
    Budgyt
    We were fortunate to have the founder lead us through a video conference to teach our users how to use the system. Totally invaluable!
    Incentivized
    Read full review
    Alternatives Considered
    Budgyt
    Other than Hyperion, which is in a different league and more suitable for much larger organizations, I would say that Budgyt compares very favorably. We moved from Great Plains to Sage Intacct, and evaluated their planning solution at the time of implementation. We were very underwhelmed by the management reporter tool that we used with GP, and budgeted with Excel prior to moving to Sage. We began looking at several other products alongside Budgyt & Sage's solution, but were so impressed by Budgyt that at its price point it was a no-brainer. We liked Sage's tools plenty, but felt that Budgyt could do more and cost less, so opted to go this route despite the lack of direct integration.
    Incentivized
    Read full review
    Scalability
    Budgyt
    The ability to budget at multiple organizational levels is central to Budgyt's design. These levels can be regions or product lines or departments, which are all easily rolled up to a consolidated organizational view. Reporting back against these levels is also built-in to the system.
    Incentivized
    Read full review
    Return on Investment
    Budgyt
    • 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.
    Incentivized
    Read full review
    ScreenShots

    Budgyt Screenshots

    Screenshot of the dashboardScreenshot of scenarios (budgets)Screenshot of where to copy dataScreenshot of a data sheetScreenshot of where to manage C2C's (Category to Category Formulas)