Budgyt Pricing, Features, Reviews & Comparison of Alternatives

Budgyt

Cloud-based budgeting software solution

4.86/5 (14 reviews)

Budgyt overview

Budgyt is a cloud-based budgeting software that offers SMBs and large enterprises a single and secure platform from which to manage the entire budgeting process. Incorporating built-in calculators, robust reporting and a QuickBooks Online API, Budgyt aims to deliver a comprehensive yet user-friendly budgeting solution.

In order to manage the budgeting process efficiently, Budgyt equips users with the tools to create budgets automatically. Designed to replace manually formatted budget spreadsheets, Budgyt enables users to lock down budget features and controls. By fixing features such as formulas, links and reports, Budgyt helps users generate audit-ready budgets quickly and reliably.

To enhance user productivity, Budgyt includes innovative features like advanced search navigation, formula inputs and version control. Moreover, Budgyt promotes fast forecasting as well as data import and spreading tools. By granting users access to a QuickBooks Online API, Budgyt seeks to further strengthen business performance and budgeting activity. With Budgyt’s powerful budgeting features, users can control data and distribute budgets safely. Furthermore, Budgyt facilitates secure data management through defined user permissions and layered access points.
www.budgyt.com

Pricing

Starting from
$99/month
Pricing options
Value for money
View Pricing Plans

Devices

Business size

S
M
L

Markets

United States, Canada

Supported languages

English
Budgyt screenshot: Review budget activity from the Budgyt dashboardBudgyt screenshot: Monitor user activityBudgyt screenshot: Utilize advanced search functionalityBudgyt screenshot: Select & import data filesBudgyt screenshot: Download reports from report libraryBudgyt screenshot: Compare profit & loss budgets

Budgyt reviews

Excellent
12

Very good
2

Average
0
Poor
0
Terrible
0
Value for money
Features
Ease of use
Customer support
  4.9
  4.8
  4.6
  4.9
Aileen Zelekowitz

So easy to learn! It's like the crystal ball for budgeting!

Used daily for 2+ years
Reviewed 2017-12-12
Review Source: Capterra

Pros
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.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Sandeep Kumar, CPA, CGA

Much Better Than Excel!

Used weekly for 1-2 years
Reviewed 2018-09-27
Review Source: Capterra

The benefit with Budgyt is getting rid of the need to use Excel as the primary location to house all the budget data. Sharing permissions are excellent, so now all managers can access their budgets, submit changes, and get approvals all within this software. Their CEO is really awesome, has taken a lot of his personal time to get on a call with me and show me the ropes. He has also been real welcoming of the feedback I have provided.

Pros
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.

Cons
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.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Denise Weiss

The sales, training and support have been invested in making Budgyt fit our needs in a system.

Used weekly for less than 6 months
Reviewed 2017-09-25
Review Source: Capterra

Knowing that there were no mistakes in my excel formulas - so piece of mind when presenting the budgets to our boards and committees the the numbers are correct.

Pros
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.

Cons
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.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Alex Debord

Awesome Tool! Just What We Needed to Take Budgeting to the Next Level!

Used daily for less than 6 months
Reviewed 2017-09-25
Review Source: Capterra

Pros
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.

Cons
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.

Response from Budgyt


Alex, As you know we have this feature now to control user access by cost center and by category.

Rating breakdown

Value for money
Ease of use
Features
Customer support

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Jason Kempt

Budget consolidation software - Budgyt

Used weekly for 6-12 months
Reviewed 2019-09-14
Review Source: Capterra

This product dramatically speeds our budget building process. Replaces spreadsheets entirely. Business users like it, and spend more time planning the business and less time wrestling with spreadsheets. Consolidation is easy, and error free.

Pros
Multiple versions of working budgets, very easy to consolidate the final budget, and interface to Microsoft Dynamics GP.

Cons
This is a very good software, by the nature of the work it doesn't lend itself to small mobile devices.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Budgyt pricing

Starting from
$99/month
Pricing options
Subscription
View Pricing Plans

Budgyt offers 4 pricing tiers where pricing is based on the number of users and/or the number of profit and loss (P&L) statements.

Basic: $99/year + one-time set up fee up to 50% for
Unlimited Users
Up to 5 Departments

Additional Departments: $12/month

Enterprise: large volume discounts above 25 departments

Budgyt features

API
Activity Dashboard
Auditing
Data Import/Export
Reporting & Statistics

Accounting Integration (146 other apps)
Accounting Management (146 other apps)
Automatic Notifications (132 other apps)
Billing & Invoicing (146 other apps)
Compliance Management (130 other apps)
Customizable Reporting (131 other apps)
Electronic Payments (135 other apps)
Expense Tracking (135 other apps)
Financial Analysis (103 other apps)
Invoice Management (193 other apps)
Invoice Processing (123 other apps)
Multi-Currency (131 other apps)
Real Time Data (127 other apps)
Third Party Integration (147 other apps)
Workflow Management (115 other apps)

Security and privacy

Encryption

Encryption of sensitive data at rest
HTTPS for all pages

Access control

Multi-factor authentication options
This will ask you to sign in with LinkedIn

Additional information for Budgyt

Key features of Budgyt

  • Run Rate Tracking
  • Annualize data
  • Activity audit
  • Inbuilt calculator
  • Import/export data
  • Excel linking
  • Comprehensive copy features
  • Input controls
  • Spreading tools
  • 12 & 13 period budgeting
  • Grow by percent
  • Grow by fixed amount
  • 'What if' scenarios
  • Budget control
  • Role-based workflow
  • Data import
  • Forecasting
  • General ledger
  • Multi-company
  • Multiple projects
  • Permission management
  • Advanced search
  • Run rate tracking
  • Activity dashboard
  • Income statements
  • Application security
  • Project budgeting
  • Budgeting & forecasting
  • Data import/export
  • Profit / loss statement
  • QuickBooks Online API
  • Role-based permissions
  • User activity monitoring
  • Reporting & statistics
  • Consolidation / roll-up
  • User access controls
  • Version control
  • Unbreakable formulas
View All Features

Benefits

Budgyt offers a cloud-based budget management solution, serving to automate the budget process and reduce the need for inefficient spreadsheets.

Users can lock down features and controls like formulas, links and formatting, helping to reduce budget errors and maintain audit compliance.

Budgyt employs innovative features including quick search navigation, formula inputs and version control, allowing users to work efficiently and effectively with reliable data.

Budgyt provides user management functionality, enabling users to define user access parameters easily as well as manage budget data securely.

Budgyt supports access to QuickBooks Online API, permitting users to export and organize budgeting data seamlessly.