Budgyt Pricing, Features, Reviews & Comparison of Alternatives

Budgyt

Cloud-based budgeting software solution

4.88/5 (16 reviews)

Budgyt overview

What is Budgyt?

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
$199/month
Pricing options
Subscription
Value for money
View Pricing Plans

Devices

Business size

S
M
L

Markets

United States, Canada, United Kingdom, Australia, China and 5 other markets, India, Japan, Germany, Brazil, Mexico

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
14

Very good
2

Average
0
Poor
0
Terrible
0
Value for money
Features
Ease of use
Customer support
  4.9
  4.8
  4.5
  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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Dale Cadeau

Use Budgyt to Improve Budgeting over Excel Spreadsheets

Used monthly for 2+ years
Reviewed 2019-12-06
Review Source: Capterra

It used to take about 40 hours to get our annual budget spreadsheets updated for use each year; now it takes less than 5 minutes. We have been using for 2 budget years now, and each year we have added more available features like staffing and benefit costs to save on other excel spreadsheets. It was super easy to prepare 5 year forecasts the Board demanded.

Pros
Quick setup, easily import actual results, forecast multiple years, easily understood by non financial managers, quick and easy changes to revise or copy formulas

Cons
Not a lot of cons, other than it does take a few times copying and preparing a budget to understand that everything, including actual budgets, actual results and forecasts are deemed budgets and need to be attached to each year for comparison if needed. That is where the copy feature comes in real handy.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 9/10

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Paul Rice

Budgyt has brought our finance department to the next level. Essential for any growing organization.

Used weekly for 6-12 months
Reviewed 2018-05-07
Review Source: Capterra

Pros
Our non-profit organization relies on a flexible approach to managing our finances, so it is critical to have data organized and presented the way we need it. Budgyt is highly customizable and can fit most, if not any, accounts structure.

Cons
The administrative learning curve is a bit steep, but not unexpected given the powerful tools available in this software. Program administrators should expect to spend anywhere from several weeks to a couple of months with the software before they feel comfortable with the program.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 8/10

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Gwen VanLoo

Just what you're looking for

Used monthly for 1-2 years
Reviewed 2020-04-10
Review Source: Capterra

A+, 5 starts! I would recommend them to anyone.

Pros
#1 is customer service. If you need something they are there to help. The software is easy to use and they have covered all the things you need and don't have all the extra stuff you don't need. I couldn't be happier with our purchase. I looked at a lot of systems and by far Budgyt does exactly what we need.

Cons
I didn't find anything that I didn't like. If I struggled with anything they were an email away. They even send vidoes to walk you step by step.

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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Budgyt pricing

Starting from
$199/month
Pricing options
Subscription
View Pricing Plans

Budgyt offers 4 pricing tiers where pricing is based on the number of profit and loss (P&L) statements, or "departments"

Basic: $199/year + one-time set up fee for
Unlimited Users
Up to 5 Departments

Additional Departments: $15/month

Budgyt features

API
Activity Dashboard
Data Import/Export
Reporting & Statistics

Accounting Integration (162 other apps)
Accounting Management (180 other apps)
Audit Trail (136 other apps)
Automatic Notifications (167 other apps)
Billing & Invoicing (186 other apps)
Compliance Management (187 other apps)
Customizable Reporting (169 other apps)
Electronic Payments (171 other apps)
Expense Tracking (164 other apps)
Financial Analysis (130 other apps)
Invoice Management (234 other apps)
Invoice Processing (151 other apps)
Multi-Currency (166 other apps)
Real Time Data (147 other apps)
Third Party Integration (209 other apps)
Workflow Management (150 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.