Pros
- Cloud-hosted
- Easy-to-use by any industry
- General ledger import/export feature
- Real-time financial data analysis
Cons
- Data has to be "cleaned up" before use
- UI could be more intuitive
About Budgyt
Budgyt is a cloud-based software solution that replaces clunky spreadsheets with an intuitive budgeting tool to create budgets faster, more accurately and more reliably. This solution works for clients in any industry who have multiple stores, units or divisions. Budgyt creates a roll-up of individual budgets and generates multiple P&L reports and analyses. Budgyt also imports/exports with your existing general ledger accounting software.
Video Overview
Features:
- Multiple P&L budgeting
- Dashboards
- Historical data through hyperlinking
- Instant access due to cloud technology
- Intuitive UI/UX with a single data entry point
- Advanced functionality such as:
- Activity audits
- Search
- Version control
- Grow by fixed or percent, etc.
- Advanced reporting
- Customizable
- Live demo
Benefits:
- Efficient, easy to learn and use
- Trustworthy, with lockdown features to eliminate formula and linking errors
- Secure, leveraging features such as activity audits and version control elevate data integrity
- Private, with permission controls by various parameters to control who sees what - scalable, due to dynamic design for easy revisions, report building, etc.
- Significantly reduce time and frustration of budgeting with spreadsheets
- Implement in days and typically see ROI in three months or less
Pricing
High-performing software doesn’t have to come at a high cost. See why this is the only platform able to deliver functionality and affordability. Budgyt offers a variety of pricing plans, which you select first depends on whether you are a for-profit or non-profit entity. Each plan can be paid either monthly or annually. There is a FREE trial available.
The Easy plan is $479 per month or $399 per month when paid annually. The Plus plan is $838 per month or $699 per month when paid annually. The Pro plan is $1,198 per month or $999 per month when paid annually.
With discounted pricing for nonprofits, replacing manual, time-consuming processes doesn’t have to come at a high cost. The non-profit annual plans are as follows: Easy for $299 per month, Plus for $599 per month, and Pro is $899 per month. additional departments can be added at an extra monthly cost.
Integrations
Budgyt has several popular integrations through GL import and API connectors. Just a few of the key options include:
- Abila MIP Fund
- Oracle
- SAP
- Xero
- Microsoft Dynamics GP
Budgyt also easily integrates with QuickBooks Online so you can work with your existing data.
WHo Uses Budgyt?
Budgyt is used by CFOs, CEOs, Marketing Directors, IT Directors and COOs, to name a few, who are either looking for a better way than Excel to budget their multiple P&Ls and entities. Or they are looking for a more cost effective solution with higher user adoption than what’s currently available in the market.
Industries which trust Budgyt include:
- NonProfit
- Sports
- Manufacturing
- Medical
- Service
- Retail
- Financial
- Restaurants/Hospitality
- Wholesale
- Faith-Based Institutions
- Universities and Higher Learning institutions
- Municipalities/Local Government
- IT services
Software Security
Built on Amazon Web Services (AWS), Budgyt has multiple policies and procedures in place to protect your data. Some include:
- Physical access
- Incident management
- Employee code of conduct
- Privacy policy
Product Overview
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User Reviews of Budgyt
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Currently implementing the software now. There is a lot of pre-work to clean up our data and source documents first. Hopefully, we will be signing an agreement with them in October. Data and source docs are all cleaned up and we are testing our new docs/process now.
Great web-based budgeting tool that allows budget data to be either entered directly or linked to an Excel spreadsheet. Easy to search by keywords and set up access restrictions by department. Simple to copy one year to the next and carry-forward budget data.
The Excel linkage is a key feature, allowing managers to budget in detail in Excel when they need to or simply enter data direclty into Budgyt when they don’t
The user interface for importing and exporting data could be a bit more streamlined and intuitive.
Good software
Good value, works for our company.
None
They took my data, my model that I had in excel, and they recreated it in their software, exactly as I wanted it. We are still working on our budget for next year but they are available whenever I need assistance and they have unlimited training with the price of the software.
Doing a great job, easy to use. Especially with the newest release and breaking out company divisions/departments; separate for security managers. Maintaining years of history, actuals compared to budget as well as implementing for us a “most probably year” scenario. Projects our current year very nicely.
Sets up special reports, very accommodating company and solution. Not too complicated as a lot of budgeting solutions tend to be.
Nothing of note. New release helps consolidate reports between departments. which was my biggest concern.
Budgyt is a comprehensive cloud-based budget tool that provides all the functionality and flexibility our organization needs. It replaced our Excel-based process.
This software has been a tremendous addition to our budget process. We’ve improved collaboration and eliminated formula errors. For more complex budget calculations, we can import directly from an Excel worksheet if we choose and that file stays linked in Budgyt so we can always review the budget methodology of that line item.
We can search for keywords to review budget detail and compare a current year budget to prior year actuals.
Non-finance savvy department managers find it a vast improvement over our previous Excel-based process.
The customer service has been excellent. We asked for certain customizations and the Budgyt software team was able to accommodate our requests. I highly recommend the software.
As the Admin, I’d like to be able to set a default department rather than see all departments when I log in.
This product is a cloud based, easy to use, budgeting tool, that is very flexible.
The fact that we can break down our budget into may different groups, consolidate and report in both detail and consolidated via easy to use Excel.
In order to get some of my reporting, I must manipulate the data in excel, although the info is there for me to get it like I want it.
We use Quickbooks Premier in our organization, which has very limited Budget to Actual reporting capabilities. We were creating very large Excel workbooks by hand, which was extremely time consuming. In 2014 findaccountingsoftware.com put us in touch with James McCoy, owner and developer of Budgyt. James worked with us intensively to make the program work for us. We are a small Foundation, and our needs are somewhat unique. Now we are able to upload data using a .csv file from Quickbooks to Budyt and make the information available to users in our organization. Now we no longer have to generate reports in Quickbooks, and send them to users so that they can parse the data.
Strengths: Allows users in our organizations to access budget to actual data, without the involvement of accounting. Users are given access to only those accounts that they have ownership of. Budgyt is also quite user friendly. None of our users have had any difficulties learning how to use it . We have had pleasant surprises along the way as the program has been enhanced quite a bit. A sort by vendor function was recently introduced which our users will really benefit from. The Program also helps us identify miscoded items in Quickbooks because we can view the data from a new perspective once uploaded into Budgyt. On a final note, James is a pleasant person to work with, and will work hard to please you!
Some of the reports are a bit confusing to our users who don’t have a lot of exposure to Excel. The reports contain many columns of information, such as Budget, Actual, $ variances, % variance YTD, and current versus prior year variances. This can be a lot of information for some basic users.
Budgyt is a fairly lean budgeting software, but where it excels is in keeping formulas and rules organized and easily used between budget years in a much cleaner and easy to keep track of way than a traditional spreadsheet or other solution.
The best part of Budgyt is how easily formulas and other rules can be managed, used, and modified between budget years.
The UI could be a bit more intuitive, but after a week or so of regular use its easy to become very proficient.
