Budgyt
12 Reviews 4.5/5 ★ ★ ★ ★ ★A user-friendly, accurate, and collaborative budgeting, planning, and forecasting software for any industry.
Product Overview
Budgyt is a dynamic FP&A platform that simplifies budgeting, forecasting, and reporting without sacrificing the granular details. Budgyt delivers user-friendly solutions for complex financial planning needs, making it easy for CFOs and finance teams to integrate financials, streamline processes, and manage multiple departments and users from a single source of truth.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
Target Market
Budgyt is flexible enough to cater to all sizes & industries, with customers ranging from small businesses and local charities to medium-sized businesses, enterprise entities, and global nonprofits.Budgyt is the only planning software created and developed by a CFO with a comprehensive understanding of user needs, validated by over 1000+ admin users. The all-in-one platform offers solutions for fast, accurate FP&A, including multi-department budget collaboration, agile reforecasting, transaction-level data analysis, visualizations, and balance sheet & cash flow forecasting with automated accruals.
Video Overview
Features:
- Automated accrual-based budgeting from P&L
- No-code platform configuration
- Global settings and universal updates
- User-friendly dashboards and flexible data views
- Single data entry point
- Automatic rollups/consolidations
- Unbreakable formulas managed without syntax
- Hyperlinked data and instant drill-downs into GL
- Granular role-based user permissions
- Data Visualizations
- Unlimited Dimensions
- APIs
- Approvals
- Track changes and filterable activity log
- Multi-currency
Benefits:
- Highly user-friendly for both financial and non-financial contributors
- Data security and protection against errors with lockdown features and unbreakable formulas
- Secure collaboration with features like track changes, activity log, and version control
- Granular user permissions to control access by function, department, read-only, etc.
- Significant time & labor cost savings - users typically see ROI in three months or less
- Full onboarding including data implementation and training can be done in as little as three days
Pricing
Budgyt offers a variety of pricing plans with special discounts for nonprofit organizations. Pricing is based on number of departments and includes unlimited users.
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Easy Plan: Best value for small businesses, startups, and nonprofits with limited departments. This plan is perfect for small entities that need to overcome a limited workforce
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Plus Plan: Most popular package for small to medium-sized businesses and nonprofits. Includes all the advanced features and is the best value for cost.
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Pro Plan Made for multi-entity/multi-division companies and large nonprofits with complex organizational structures. Ideal for scaling and hyper growth.
Industries which trust Budgyt include:
- Nonprofits
- Recreational & Athletic Clubs
- Manufacturing
- Healthcare Organizations & Hospitals
- Retail
- Financial Services
- Restaurants / Hospitality
- Faith-based Institutions
- Universities & Higher Learning InstitutionsMunicipalities / Local - Governments
- IT Services
- Wholesale
- SAAS/Tech Companies
Software Security
Budgyt takes extensive security measures to ensure your data is always protected—and only accessible to those you permit.
- Ensure sensitive and confidential information is selectively hidden when collaborating
- Easily recover any accidental deletions with rolling 30-day backups
- Set user permissions by department, functions, versions, and read-only access
- ISO Certification, Secure SDLC, System APP Access Control, Incident Management, and Information Security policies available upon request
Product Overview
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User Reviews of Budgyt
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I could work in this software more than I currently am as it is fun!
I love the software, it has made our budgeting process so much easier and this year we have been able to give access to all stakeholders.
Budgyt is really fun and I’m enjoying learning it!
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.
