Budgyt Reviews and Ratings

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.

Likelihood to Recommend

In my case, the problem was that I had a lot of different data sources and I would bring this data into an Excell file and then build all kinds of spreadsheets and other files for various reports. Budgyt allows me to centralize this data in a much more efficient way than I did in excel, and the reports in Budgyt are very good and it saved me from the additional processing I was doing in Excell.

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

Likelihood to Recommend

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.

Use Cases and Deployment Scope

we use Budgyt to manage expenses and provide consistency in reporting. it is integrated with Business Central, our accounting software.

Budgyt is easy to use both for accounting purposes as well as the departmental staff who are responsible for their budgets.

Most important, Budgyt provides excellent customer support and is very responsive.

Likelihood to Recommend

it is very easy to set up multiple scenarios. you don't need to be an accountant to utilize the software and provide input. Import and export Budgyt data and actual data is easy to use. customer support was very helpful in customizing the report format to accommodate our accounting software.

I do not use the balance sheet in Budgyt though it is an available feature. I also do not use much of the formulas in our current environment but did use it at a previous company.

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.

Likelihood to Recommend

Budgyt's value for the money is exceptional. the system is very approachable - implementation, initial setup, training, and getting up to speed with regular use was a breeze. support has been exceptional ever since implementation. the system seems straightforward and can be exceptionally simple if limited in use, or more complex based on utilization of advanced features. execution is great across the board, and the support tools available to navigate any uncertainty about using the product is incomparable.

Use Cases and Deployment Scope

We mainly use Budgyt as our budgeting software. Previously we used spreadsheets with links that often broke or were corrupted. We are able to set up different scenarios without overriding the original data.

Likelihood to Recommend

The forecasting function helps with completing the budget. The software has many features that allow you to forecast/budget based on a flat % or a certain seasonality. My favorite feature is being able to allocate staff based on the revenue. As you make changes to the budget it recalculates and allocates appropriately.

Use Cases and Deployment Scope

We use Budgyt to create our budget for the current year. We use it for Forecasting future years and can even compare the forecasts for multiple scenarios. The reporting feature is used to created detailed reports specific for whichever employee needs it. Our monthly financial data is entered and reviewed on Budgyt as comparisons is much easier.

Likelihood to Recommend

Monthly reviews are easier since it can create specific reports that are structured by however we want. Forecasting future years is easy. Comparisons between budgets is simple along with previous years with comparing them to your current year.

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.

Likelihood to Recommend

It's most appropriate for P&L (Income statement) and payroll cost forecasting and budgeting. It's not appropriate for balance sheet forecasting. I would say it's most useful in the small to medium business space, probably not for very large enterprises. However, the solutions that are suitable for large complex enterprises don't really work for smaller businesses anyway.

Use Cases and Deployment Scope

We use Budgyt to create and report against budgets at multiple levels in the organization. We have integrated Budgyt with Quick Books Online to rapidly bring in actual financials to report against the budget. We also use Budgyt workflows to manage out budgeting process.

Likelihood to Recommend

Best suited if moving from Excel spreadsheets for budgeting, and if Quickbooks Online is your financial system of record. Less suited for organizations using more sophisticated accounting systems, or with a need to report against multiple sub-ledgers such as grants.

Use Cases and Deployment Scope

We have just recently begun using the tool. We were budgeting and forecasting using google sheets, which was challenging due to the manual nature of the file. This allows for quick links to actuals with scenario planning changes that eliminate a lot of the manual nature and reduces error risk.

Likelihood to Recommend

It is a really good tool for a scaling company. It is a cost effective way to build a budget, forecast the year and comparative create reports.

Use Cases and Deployment Scope

Budgyt Budgeting Software offers a robust solution for organizations juggling multiple departments and complex budgeting needs. The platform’s biggest win for us is its seamless integration—allowing us to invite up to 20+ different departments to actively participate in the budgeting process. This collaborative setup enables teams to adjust their budgets effortlessly and submit them for approval, streamlining communication and decision-making. 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.

Likelihood to Recommend

The following areas are scenarios that I think Budgyt excels: Multi-Department Organizations, Collaborative Budgeting Processes, Independent Executive Reviews, Granular Access and Permission Control. Budgyt is overkill for smaller organizations with simple budget needs, however, the price point of Budgyt may still be worth considering for small teams who are expecting growth in the future.