Budgyt Pricing, Features, Reviews & Alternatives

Budgyt

Affordable, Collaborative, Multi-P&L Business Budgeting

4.84/5 (19 reviews)

Budgyt overview

What is Budgyt?

Budgyt is a budgeting platform 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
Free trial
Subscription
Value for money
View Pricing Plans

Devices

Business size

S
M
L

Markets

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

Supported languages

English
Budgyt screenshot: DashboardIntro VideoBudgyt screenshot: Manage Scenarios (Budgets)Budgyt screenshot: Manage C2C's (Category-to-Category No-Code Formulas)Budgyt screenshot: Copy DataBudgyt screenshot: Data Sheet

Budgyt user reviews

Excellent
16

Very good
3

Average
0
Poor
0
Terrible
0
Value for money
Features
Ease of use
Customer support
  4.8
  4.8
  4.5
  4.8
Aileen Z.

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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Jason K.

Cloud budget consolidation

Used weekly for 1-2 years
Reviewed 2020-09-01
Review Source: Capterra

We have made it easier for budget holders to submit their budgets using this tool. They find it enjoyable to use (and we’re talking budgets here). Budget holders can access the tool anywhere they have internet. The instant scenario consolidation dramatically improved the quality of budget discussions, leading to better business decisions. Using this tool helped make out finance team more efficient, by reducing effort to consolidate.

Pros
This product automatically consolidates budget holders’ submissions, replacing error prone, labour intensive spreadsheet work. Budget managers find it easy to use, and they focus on business decisions, not managing complex spreadsheets. Consolidation is instant, dramatically more efficient for the finance team. Because results are instant, decision makers can see the impact of various scenarios instantly, facilitating impactful discussion on the future of the business and better decisions. Set up is easy thanks to excellent customer support. We import and export data to and from Microsoft GP, and use the budgyt.com tool for budget variance reporting. Budget managers can access information anywhere they have internet.

Cons
The nature of budgeting tools is that the data is displayed in tabular fashion. Although the site renders on mobile devices, it can be hard to read on smaller phones.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Mark D.

We got the functionality we needed at a reasonable cost.

Used weekly for less than 6 months
Reviewed 2020-10-13
Review Source: Software Advice

It's been a big step forward that has solved a number of pain points. We've solved the problem of finding a robust but affordable solution that works with QuickBooks. We've eliminated the distribution of monthly reports and budget information by e-mail or spreadsheet and simply have our recipients login to Budgyt. We've overcome the limitations that QuickBooks Online has with budgeting, which are major. We love that there are no limits on the number of users.

Pros
Even as a small organization, we have many departments and projects, which in our case are QuickBooks Online Classes and Sub-Classes. Budgyt was the only affordable solution we could find that allows us to do financial reporting, budgeting, and forecasting at the Sub-Class level. It's easy and flexible to see and analyze data for classes or groups of classes.

Cons
The newly released version of the API with QuickBooks Online has been problematic. We'd have preferred to wait until it was more thoroughly tested and developed.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 8/10

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Dale C.

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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Sandeep K.

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
Free trial
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
Audit Trail
Data Import/Export
Reporting & Statistics

Accounting (304 other apps)
Accounting Integration (244 other apps)
Alerts/Notifications (350 other apps)
Billing & Invoicing (377 other apps)
Compliance Management (379 other apps)
Customizable Reports (274 other apps)
Electronic Payments (252 other apps)
Expense Tracking (269 other apps)
Invoice Management (322 other apps)
Invoice Processing (246 other apps)
Multi-Currency (335 other apps)
Real Time Data (242 other apps)
Reporting/Analytics (390 other apps)
Third Party Integrations (369 other apps)
Workflow Management (290 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

Videos and tutorials

Additional information for Budgyt

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.