Budgyt Reviews & Product Details

Budgyt Overview

What is Budgyt?

Budgyt is an affordable multi-department & multi-user cloud-based budgeting platform simplifying budgeting for businesses. We believe in providing a product that customers will genuinely value and that means starting with affordable and transparent pricing, and it ends with being able to dig deep down into the transactional data level across all of our features. Budgyt fully replaces multi-worksheet Excel spreadsheets while providing a collaborative, intuitive and expedient budgeting tool that rids users of typical budgeting frustrations. Discovering unexpected formula errors in excel budgets is a dreaded experience, especially in the board room. So you have to ask yourself - how adaptive can a platform truly be that doesn't plan fully on giving you the best pricing for a collaborative budgeting solution? Especially one that can't let you see or navigate the true details?

Budgyt Details
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Languages Supported
English
Product Description

Budgyt is a cloud-based software solution that replaces clunky spreadsheets with a budgeting tool designed to create budgets faster, more accurately and more reliably.

How do you position yourself against your competitors?

We believe in providing a product that customers will genuinely value and that means starting with affordable and transparent pricing, and it ends with being able to dig deep down into the transactional data level across all of our features.

No one wants to stick their necks out on excel budgets with formula errors, especially in the board room. So you have to ask yourself - how adaptive can a platform truly be that doesn't plan fully on giving you the best pricing for a collaborative budgeting solution? Especially one that can't let you see or navigate the true details?

With unlimited users and API integrations at no additional charge, Budgyt simplifies your entire budgeting process whether you're a smaller Non-Profit or a larger Enterprise-level business.


Seller Details
Seller
Budgyt
Company Website
Year Founded
2013
HQ Location
New York, NY
LinkedIn® Page
www.linkedin.com
8 employees on LinkedIn®
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Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Organic
Partner
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best?

Budgyt is easy to use and has a clear user interface. The level of personalized support and assistance we have received is exceptional. Review collected by and hosted on G2.com.

What do you dislike?

The ability to easily upload new data into the application also means that it is easy to make a mistake and overwrite unintentionally. Some additional guardrails for users might be useful. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

We are using Budgyt to allow us to easily report budget vs actual results to our departments and to our Board and other stakeholders. We looks forward to also implementing a more streamlined budget creation process. Budgyt is very flexible and was easy for our departmental users to learn to use. Our Board has already complimented the new reporting we have presented based on Budgyt data! Review collected by and hosted on G2.com.

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Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best?

The tool is so effective at collecting business leaders' input, that leaders can focus on making business decisions, rather than the administrative complexity of spreadsheets. The tool consolidates instantly, allowing people to see immediately the impact of a given scenario change, dramatically increasing the quality of budget discussions and financial decisions. Review collected by and hosted on G2.com.

What do you dislike?

By its very nature, a budgeting process involves detail, so while the Budgyt.com website renders on mobile phones, details can be harder to read on smaller screens. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Time lag and inevitable error checking and correction involved with spreadsheet based budget consolidation processes are a thing of the past. The time lag issue is important, because decision-makers can now see the impact of their proposed decisions instantly, facilitating more rigorous discussion of business drivers and variables . Budgyt.com facilitated better budget discussions, and we've increased our efficiency (smaller finance team). The organization returned to balanced budgets through better decision making. Additionally we use the tool for budget variance reporting outside the budget cycle, by uploading actual data for comparison against budget - this allows budget holders to check the budget from anywhere via the cloud. Review collected by and hosted on G2.com.

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Corporate Controller
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best?

Easy to input data, create multiple budgets, track changes and view not only individual cost centers, but also entire entities with a few easy clicks. Tracking the changes is very important especially if you give entity/cost center owners the ability to input their own data or if you have multiple Finance personnel editing information. The payroll features are so very helpful and you can create as many fields as you need to calculate the payroll correctly and then assign these fields to the respective employees such as: FICA, bonuses, health benefits based on which group the employees has elected, wellness benefits, etc. It is so easy to slice and dice the information even if you are working with multiple entities and you can easily export to Excel. Overall, Budgyt took all of those troublesome spreadsheets for each entity and cost center and condensed it into an easy way to input, track and view the information. This tool is a game changer! Review collected by and hosted on G2.com.

What do you dislike?

Some of the reports took a while to run based on the needed detail, but that issue has been resolved. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

Pay attention to how easy it is to input personnel and the payroll formulas because that's usually 70% of the data. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

The budgeting process has never been easier because Budgyt has everything you need. I would cringe when budget season came up because of the Excel files that were previously used with these long formulas and, god forbid, if you wanted to add a new cost center, entity, etc. Now, I don't have to worry about any of these points of frustration and can rest assured that the formulas work, the changes are tracked, the budget versions are available, and the numbers make sense. Budgyt has cut our budgeting process in half, which has more than paid for itself. Review collected by and hosted on G2.com.

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Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best?

Budgyt has worked well with our budgeting and quarterly forecasting process. I really like the ability to setup an input file and easily update it constantly. They are always adding great improvements and features, while keeping the data behind everything consistent. Review collected by and hosted on G2.com.

What do you dislike?

Would like a more flexible way to load the payroll on a monthly basis, but I think they are already working on this feature. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

It's slightly different from other budgeting solutions that have been around for a while, but this can be a good thing. Get past the learning curve by learning how to manipulate the data and calculations, and you'll be a budgeting powerhouse. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

We have a very tight schedule of rolling budgets and forecasts with a constant need of providing sensitivities around different strategies. Budgyt has been a great tool to accommodate our needs and allows us to be very flexible. Review collected by and hosted on G2.com.

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UC
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best?

I like that it is a Cross-Platform budget software. You can use it with QuickBooks, NetSuite, Great Plains, etc. The support that comes with Budgyt is great; however you do not need much help as it is self-explanatory. Review collected by and hosted on G2.com.

What do you dislike?

The hyperlinks for diving into numbers; though, I go back and forth with this, as sometimes it is nice and sometimes it is not! Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Multi-Departmental, Multi-Entity budgeting and Payroll Budgeting. I have used many different platforms in the past, this is the best platform for roll-up capabilities between departments as well as various entities. Payroll Budgeting is a huge win, the capabilities it has is amazing (HR Formulas [Taxes, Medical, etc.], Timed Increases, Timed New Hires, etc.). Review collected by and hosted on G2.com.

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Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best?

I like the videos, they are very helpful and show step by step. Review collected by and hosted on G2.com.

What do you dislike?

I dislike when adding a new category you can't use the same reporting position you have to move other numbers around in order to get them directly in order according to the numbers. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

Be willing to learn alot, watch videos, and work with support to get your Budgets to appear just the way it needs to be. If you have any questions feel free to reach out to tech support they will always provide what you need. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

The problems that are being solved with using this software is the less time it takes to get a consolidated report. It would take longer if this software was not available. Review collected by and hosted on G2.com.

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AC
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best?

As a Startup, Budgyt was what we needed to track our spend. Budgyt has helped us to better track expenses and hold departments accountable for their spend. Before, our Company used excel and with that it was a lot of manual input and verifying calculations. Pros: Budgyt in the grand scheme of things is easy to use. You can create calculations for payroll, taxes, revenue, and cogs. You can create budgets by department and also import the actuals from Quickbooks to do month, quarter or annual comparisons. Budgyt has helped us to better track expenses and hold departments accountable for their spend. Before, our Company used excel and with that it was a lot of manual input and verifying calculations. Review collected by and hosted on G2.com.

What do you dislike?

It does take time to understand and calculate the formulas, but once you get use to it, it is a lot simpler to do future ones. In addition, customer support can assist to help you start them. I do wish they could add budgets greater than 1 year, but this might coming in future software releases. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

If you need something more that what excel can provide, Budgyt is a useful tool. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Budgyt has helped us to better forecast and do budget to actual comparisons. Before we used excel and it was just to difficult to use to for forecasting. Review collected by and hosted on G2.com.

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Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: Organic
What do you like best?

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 8 retail stores between Everafter and 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. Review collected by and hosted on G2.com.

What do you dislike?

Large reports can sometimes take up to 2 minutes to run. However, instead of waiting, you can run the report and once its ready they send you an email with a link to report so that you're not waiting on the report page. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

The software is very user friendly. The level of support and incredible should any questions come up. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

I've always built budgets bottoms up which requires a great level of detail and information tracking. The employee module has eliminated a multitude of payroll budgeting and tracking spreadsheets. The ability to name and track items within a P&L line have been incredibly helpful. Actualizing budgets with Quickbooks is very quick and easy allowing me to analyze in real time. Review collected by and hosted on G2.com.

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UC
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best?

Customer Service/continued enhancement of features Review collected by and hosted on G2.com.

What do you dislike?

Lack of a balance sheet budget, glad to hear it is coming. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

My nonfinancial users have found it easy to get to information they need. No problems that support has not resolved. Review collected by and hosted on G2.com.

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UC
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best?

Intuitive user interface. Great tool for forecasting. Review collected by and hosted on G2.com.

What do you dislike?

The reporting is a limited. I usually have to put it in excel to get exactly what I need. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

It is a robust system and a good economic value. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

We were using excel spreadsheets so Budgyt eliminates the risk of error inherent in spreadsheets. Our managers can input their own forecast updates instead of everything going through the Accounting department. We can do detailed comparisons of budget, actuals, ty, ly, forecast. It has saved us a lot of time and the information we are able to report is much more robust. Review collected by and hosted on G2.com.

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Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best?

ease of implementation

quick implementation

self-implementation

support during the implementation stage

virtually no support needed post -implementation Review collected by and hosted on G2.com.

What do you dislike?

exchange rate management feature for multi-currency companies Review collected by and hosted on G2.com.

Recommendations to others considering the product:

easy to use

easy to implement

shortest learning-curve ever for a reporting software Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

transition from excel based reports and reporting to web-based solutions

transition from excel based budgeting to web-based budgeting

shortened the timeline for reporting Review collected by and hosted on G2.com.

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Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: Organic
What do you like best?

There are lots of things about the software that I really like, but the ongoing support and almost immediate responses from the Budgyt team are absolutely invaluable to me! Review collected by and hosted on G2.com.

What do you dislike?

It has a pretty steep learning curve at first. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

I found Budgyt in my search for budgeting payroll only. We had a pretty complicated XLS solution. Not only does Budgyt fits my needs in budgeting payroll but monthly actual to budget reports and giving managers direct access to their budgets is proving very valuable to our organization. Review collected by and hosted on G2.com.

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Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: Organic
What do you like best?

We are on our fourth year with Budgyt and our templates are pretty well built out. Managers are familiar with the system and like the ownership the solution provides. James listens to his customers and the upgrades have been spot on Review collected by and hosted on G2.com.

What do you dislike?

Some of the formulas, categories are tricky to figure out. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Distributed budgeting for the income statement to remote management Review collected by and hosted on G2.com.

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