Budgyt

Score8.6 out of 10

48 Reviews and Ratings

What is Budgyt?

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.

Categories & Use Cases

Media

Screenshot of where to manage C2C's (Category to Category Formulas)

1 / 5

Screenshot of the dashboard

Most Frequent Users

Top 1 industries using Budgyt.

Based on HG Insights installation data

View all Reviews

#1 most frequent

Other Services (except Public Administration)

100.0%

1 installation of 1

“We use Budgyt to create and report against budgets at multiple levels in the organization.”

Pros

Streamlines budgeting and forecasting processes, replacing error-prone spreadsheets.
Offers an intuitive user interface, reducing the learning curve for new users.
Provides robust reporting and analysis capabilities, delivering detailed financial insights.

Cons

Cumbersome data import and integration processes, particularly with systems like Sage Intacct and QuickBooks.
Performance can be slow when handling large datasets.
Reliance on manual import/export processes can be time-consuming.

Karen Ponicsan

Business Manager in Finance and Accounting at Our Savior Lutheran Church (51-200 employees)

Use Cases and Deployment Scope

We use Budgyt in our organization to simplify the process as we have over 200 line items. We work on the budget once a year and being able to create notes within the system helps provide information that may have been forgotten over time. Also, the recorded sessions that Budgyt provides during training serves as a refresher to me or any new team member that needs to learn the software. I also use their customization services to provide charts to present at board meetings, which is very helpful.

Pros

The software provides ease in making edits and changes while working with many scenarios that can be created within the platform.
The visualizations are extremely helpful for presentations.
Provides recorded training sessions to review at any time when learning the software
The team works hard to provide great customer service
Budgyt Team works hard to customize our reporting to meet our needs each year as we grow.

Cons

Creating a symbol to click on to import from the software to the Desktop version of QuickBooks

Return on Investment

Reduced amount of time to create a budget
improved insight into variances from previous year to determine activities causing change.
used website with Board Members to work in real time to adjust budget for finalization.
reports can be shared with employees easily
Customized Visuals help board members to see the overall financial insight in order to make better decisions for cost effectiveness.

Usability

Other Software Used

OneSaas by Quickbooks, QuickBooks Desktop Premier, Servant Keeper

Steve Maciel View profile

Chief Financial Officer in Finance and Accounting at League of California Cities (51-200 employees)

Use Cases and Deployment Scope

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

Return on Investment

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.

Usability

Alternatives Considered

Workday Adaptive Planning

Other Software Used

Microsoft Excel, QuickBooks Desktop Enterprise

Verified User

Employee in Finance and Accounting (51-200 employees)

Use Cases and Deployment Scope

I was building the budget in Excell and I had to fill in each amount in the budget fields, which was very frustrating, time-consuming and with the risk of errors in the budget. In Budgyt, I got rid of this chore because I bring my amounts through imports from all the sources used for collecting information and I can focus more on analysis now.

Pros

It has well-developed import functionalities which facilitates importing from external sources, making it easier to complete the budget, regardless of the source of the data.
It has very flexible reporting possibilities, which makes it very efficient to analyze and present the budget, once the data has been imported or completed.
It has well-developed security and role management specifications for users, including an audit of user operations in the application, which ensures transparency in the way it works and facilitates the correction of any errors by the people who have a verification role in the platform.

Cons

My first impression was that there is no room for negotiation on the price that initially seemed a bit high to me, but it is the first budgeting application purchased, probably the advantages of the application will far exceed the initial purchase price.

Return on Investment

Saving time is the first visible aspect. Time savings in terms of completion and reporting. The time saved can be used for collaboration, error elimination, and analysis for better decisions.

Usability

Other Software Used

Carbide, Sypher, Dashlane Password Manager

Tom Ducary

Controller in Finance and Accounting at American College of Sports Medicine (11-50 employees)

Use Cases and Deployment Scope

ACSM uses Budgyt to build our annual operating budget, produce and view regular periodic financial reports, and complete ad hoc data analysis. Budgyt is very user-friendly and flexible, and easy to administer, which is great considering that most of our users are non-finance folks. Budgyt is very intuitive and easy to follow, enabling successful navigation and use of financial info for our entire organization.

Pros

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

Cons

minor: a desired quality of life improvement would be to alter the way things are presented/navigated via the sidebar - in some cases, it can mean repeatedly toggling between multiple tabs or going back and forth between different screens when it could be more efficient and less tedious if done differently
major: having access to real-time data is a priority, therefore relying on manual import/export of financial data from Sage Intacct is not ideal. Budgyt has promised that live integration with Sage's API is coming, but it has yet to be delivered.

Return on Investment

time savings: cannot overstate how impactful Budgyt has been relative to our former excel-based, manually-intensive budget process
financial insights: Budgyt is an incredible tool for putting financial data at users' fingertips, in formats and with details presented in a way that adds value to non-finance users and enables data-driven operational decision making

Usability

Other Software Used

Sage Intacct, iMIS

Sharon Logan View profile

Director of GRC in Corporate at XWP.Co Pty Ltd (51-200 employees)

Use Cases and Deployment Scope

We use Budgyt to forecast and budget for our business and compare to actuals. We also use it for management reporting to department heads because it allows us to restrict what they can and can't see through permissions, rather than having to create multiple spreadsheets.
As more than 95% of our cost is associated with employees and contractors located around the globe using spreadsheets to forecast costs is extremely difficult. Budgyt makes this process easy.

Pros

Permission levels, and aggregating sensitive GL categories
Payroll and contractor costing and forecasting
Multiple currencies

Cons

Only thing I would like to see is a report that uses actuals and budget to forecast the whole financial year

Return on Investment

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.

Usability

Alternatives Considered

Fathom and Calxa Premier

Budgyt

What is Budgyt?

Categories & Use Cases

Media

Who Buys & Uses Budgyt

Most Frequent Users

Other Services (except Public Administration)

Most Frequent Users

Small Businesses

Most Frequent Users

United States of America

Most Frequent Users

Finance

Budgyt Reviews

Pros

Cons

Use Cases and Deployment Scope

Pros

Cons

Return on Investment

Usability

Other Software Used

Use Cases and Deployment Scope

Pros

Cons

Return on Investment

Usability

Alternatives Considered

Other Software Used

Use Cases and Deployment Scope

Pros

Cons

Return on Investment

Usability

Other Software Used

Use Cases and Deployment Scope

Pros

Cons

Return on Investment

Usability

Other Software Used

Use Cases and Deployment Scope

Pros

Cons

Return on Investment

Usability

Alternatives Considered

Budgyt Alternatives