Budgyt Reviews

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 more

No cons were added to this review

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.

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.

Easy implementation, excellent customer support

I can't think of any negative associated with Budgyt

Easy to build budgets with this software.

The reporting features are lacking and the import from quickbooks time consuming .

The use of dimension to track which grant/contract is funding each staff member as well as the tools that allow expense allocation based on salries.

I cannot point to any. Any issue that we have had has been addressed by support.

I spent years doing our budget in Excel and printing out pages and pages for the managers to manually make changes that I then had to go back into Excel and make changes. The most frustrating part of all of this was budgeting payroll and benefits. It took 6-8 weeks to come up with our budget and the payroll side of the budget was never accurate. Budgyt solved all of that!!

First, the learning curve was really steep, but Budgyt patiently and expertly held my hand through all of it. Additionally, I used Quickbooks Desktop and the import to Budgyt from Quickbooks is kinda rudimentary and there is no option to export the Budgyt budget into Quickbooks. I know that Budgyt is almost finished with a solution to this.

It is very easy to understand and nearly every time I have a question, I am able to find the solution on Budgyt's support page.

Honestly can't think of any cons, very few workarounds had to be administered and budgyt's enhancements have always brought an immediate added-value.

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

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.

Easy to implement, great for budget-holder engagement, excellent access control so that budget-holdes only see their own sections, whilst adding to a wider more complex budget

Nothing difficult about Budgyt. Very easy to use

It's excellent for cross-team collaboration for budgeting and forecasting.

If you don't have a finance background then it could be a little confusing trying to navigate.

I started utilizing Budgyt in 2019 when I started at my non-profit organization. I was looking for a budget and forecasting software that was user friendly, allowed us to create and update multiple budgets, provided streamlined forecasting, had canned budget and actual reports, and one we could manage our payroll through. My expectations were exceeded with Budgyt. Throughout my time with Budgyt they...

Read more

In the beginning the personnel portal was missing some dimensions that would have been helpful. I was able to work with [SENSITIVE CONTENT] and Budgyt's support team and they were able to add in the dimensions I needed.

We use Budgyt to manage our budgeting process in Budgyt and ensure that budget managers know their spending compared to their budget every month. We also use the platform for each budget manager to build their annual budget as an organization. Our organization leaders also leverage the platform to determine budget spending and allowances.

The lack of intergration with our accounting software makes this difficult to use at times.

Product is very easy to use. comparisons are hugely helpful. Navigating between companies, departments and drilling down is very helpful

reporting is just ok. We have to tweak it to work for us, if we are running reports directly from budgyt

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.

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.

We use Budgyt for all of our budget and forecasting needs. Users create what their budget needs are in the software and those requests run through an approval process before they are actually added as a valid item in the budget. We can also run multiple budgets and forecasting scenarios at once which really helps us plan for any possible outcome.

Directly connect with accounting software.

The ease of use for non-financial leaders giving them access to how their area is doing against budget and projection and allowing them to drill-down into transactional detail without the assistance of Finance Team.

We have not yet automated our integration from the ERP to Budgyt.

Budgyt solved our planning and forecasting needs filling in a gap in our ERP system that no other third party or the direct OEM manufacturer could. Budgyt is now core to our operations and a solution we use daily to achieve the double digit growth figures we enjoy since the day we deployed this throughout our organization.

The Cloud vs. perpetual licenses we could install in our data center.

Quick and accurate reports Less scope of error

Visualization tools can be improved It's hard to implement

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.

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.

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...

Read more

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.

Ease of use, support from Budgyt, training and implementation was thorough.

Approval notification - would like to see only pending when I open the system and not have to filter. During year end, it can take a while for everything to load due to the high volume of users entering new data because the system is also pulling up approved/declined changes.

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.

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.

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

Easy to set up and use. VERY competitive pricing. Excellent support. Literally no change management required.

It is an online platform so the speed will be worse if you compare to soft on the PC.

Easy to use platform with amazing features coupled with top tier support.

Missing balance sheet and cash flow but that is being tested now so should be offered very soon.

The solution is extremely user-friendly and packed with powerful features such as scenario-based data modeling, segregation capability, Xero integration, SAML 2.0 authentication support, and so on. [SENSITIVE CONTENT], our implementation consultant, was fantastic throughout the implementation phase, gathering requirements, leading workshops, and assisting us in configuring the system.

We initially encountered some system performance issues. However, once raised, the support team promptly addressed it.