Insights from Budgyt Reviewers
Based on 14 verified reviews published in the last 18 months
What positive or negative impact (i.e. Return on Investment or ROI) has Budgyt had on your overall business objectives?
14 answeredThis report analyzes 14 recent reviews to assess the return on investment (ROI) of Budgyt in relation to overall business objectives. A significant portion of reviewers, 10 out of 14, noted considerable time savings with Budgyt, particularly when compared to previous Excel-based budgeting processes. These time savings appear to be closely linked to improvements in efficiency, mentioned by 5 reviewers, including reduced labor during budgeting, month-end close, and board reporting. Reviewers also highlighted the elimination of errors associated with spreadsheets as a positive impact on efficiency. Budgyt's centralized portal seems to play a key role in both time savings and efficiency gains, enabling department managers to access cost information and input budget requests directly, thus streamlining workflows and freeing up time for collaboration and analysis.
Time savings
10 mentionsA majority of reviewers (10 out of 14) emphasized the time savings achieved with Budgyt, particularly in comparison to…
A majority of reviewers (10 out of 14) emphasized the time savings achieved with Budgyt, particularly in comparison to manual, spreadsheet-based budgeting. This time savings extends across various processes, including budget completion, reporting, and reviews, ultimately freeing up time for collaboration and strategic decision-making. The centralized portal offered by Budgyt allows department managers to drill down on costs and input budget requests, which contributes to these time efficiencies.
Improved efficiency
5 mentionsImproved efficiency was noted by 5 reviewers, who specifically cited reductions in labor during the budget process, mon…
Improved efficiency was noted by 5 reviewers, who specifically cited reductions in labor during the budget process, month-end close, and board reporting. Reviewers attribute these efficiency gains to the elimination of spreadsheet errors and the streamlining of budgeting workflows. Some reviewers mentioned that these streamlined workflows have resulted in a faster budgeting process, measured in weeks.
Describe how you use Budgyt in your organization. What are the business problems the product addresses and what is the scope of your use case?
14 answeredThis report synthesizes 14 recent product reviews to understand how users are leveraging Budgyt within their organizations, focusing on the business problems the software addresses and the scope of its use. A significant portion of reviewers (10 of 14) highlight the software's utility in budgeting and forecasting, often contrasting it with previous reliance on spreadsheets. Six reviewers specifically praise Budgyt's ease of use, noting its intuitive interface and streamlined processes. Beyond budgeting, 5 reviewers appreciate Budgyt's reporting and analysis capabilities, particularly in generating detailed reports and providing financial data access to various stakeholders. Reviewers generally convey positive sentiment towards Budgyt, emphasizing its role in improving budgeting accuracy, efficiency, and accessibility across different organizational levels.
Budgeting and Forecasting
10 mentionsA majority of reviewers (10 of 14) use Budgyt for budgeting and forecasting purposes. Reviewers appreciate the ability…
A majority of reviewers (10 of 14) use Budgyt for budgeting and forecasting purposes. Reviewers appreciate the ability to create budgets, forecast future scenarios, and compare them against actuals, often replacing cumbersome and error-prone spreadsheet-based processes with Budgyt's automated features.
Ease of Use
6 mentionsOver 40% of reviewers (6 of 14) find Budgyt easy to use, especially compared to previous systems involving spreadsheets…
Over 40% of reviewers (6 of 14) find Budgyt easy to use, especially compared to previous systems involving spreadsheets. They cite the platform's intuitive interface, streamlined data entry, and reduced manual effort as key benefits, making it accessible even for non-finance personnel.
Reporting and Analysis
5 mentionsFive of the fourteen reviewers utilize Budgyt for reporting and analysis, emphasizing its ability to generate detailed…
Five of the fourteen reviewers utilize Budgyt for reporting and analysis, emphasizing its ability to generate detailed reports tailored to specific employee needs. Reviewers also appreciate the software's capacity to provide financial data access to business partners and track various financial metrics across different organizational units.
Please provide some detailed examples of areas where Budgyt has room for improvement.
14 answeredThis report synthesizes 14 recent product reviews to identify areas where Budgyt users see room for improvement. A key area of concern, raised by 4 of 14 reviewers, involves integration and data import. These reviewers find the current reliance on manual import/export processes cumbersome, particularly with systems like Sage Intacct and QuickBooks. A smaller segment of reviewers, 2 of 14, noted that the platform's performance speed can be slow, especially when handling large datasets. These concerns highlight opportunities to enhance user experience through streamlined data handling and optimized performance.
Integration and Data Import
4 mentionsA significant portion of reviewers, 4 of 14, expressed frustration with Budgyt's integration capabilities and data impo…
A significant portion of reviewers, 4 of 14, expressed frustration with Budgyt's integration capabilities and data import processes. Reviewers find the manual import/export of financial data from systems like Sage Intacct and QuickBooks time-consuming and would prefer a more seamless, automated integration. The lack of direct integration with Microsoft Dynamics 365 was also noted as a limitation.
Performance and Speed
2 mentionsTwo of 14 reviewers mentioned concerns about the software's performance and speed. These reviewers experienced slowness…
Two of 14 reviewers mentioned concerns about the software's performance and speed. These reviewers experienced slowness, especially when dealing with substantial amounts of data. As organizations grow and data volumes increase, maintaining optimal speed is important to these users.
Please provide some detailed examples of things that Budgyt does particularly well.
14 answeredThis report synthesizes 14 recent product reviews to identify areas where Budgyt performs well. Reviewers frequently highlight the software's budgeting and reporting capabilities; this was mentioned by 7 reviewers. Several reviewers also praised the ease of use and data handling capabilities of the software. Specifically, 4 reviewers appreciated the user-friendly interface, and 3 noted the well-developed import functionalities and connected data sections. Overall, the reviews suggest that Budgyt is valued for its ability to streamline budgeting processes, provide robust reporting options, and facilitate easy data integration.
Budgeting and Reporting
7 mentionsA significant portion of reviewers, 7 out of 14, positively mentioned Budgyt's budgeting and reporting features. They a…
A significant portion of reviewers, 7 out of 14, positively mentioned Budgyt's budgeting and reporting features. They appreciate the software's ability to facilitate building annual budgets and provide various options for navigating financial reports. The ease and flexibility of data tools for detailed analysis and reporting views were also highlighted.
Ease of Use
4 mentionsEase of use is another strength frequently cited, with 4 of 14 reviewers commenting on the user-friendly interface. Rev…
Ease of use is another strength frequently cited, with 4 of 14 reviewers commenting on the user-friendly interface. Reviewers found the interface streamlined and comfortable, even for non-technical users. The intuitive design contributes to a positive user experience.
Importing and Data Handling
3 mentionsBudgyt's data handling capabilities, particularly importing data from external sources, were noted as a positive aspect…
Budgyt's data handling capabilities, particularly importing data from external sources, were noted as a positive aspect by 3 of 14 reviewers. The well-developed import functionalities streamline the budgeting process, regardless of the data source. Reviewers also appreciate the connected sections, which eliminate the need to enter the same information in multiple places.