Budgyt Pros and Cons: Top 5 Advantages and Disadvantages

Quick AI Summary Based on G2 Reviews

Generated from real user reviews

Users find Budgyt to be very user-friendly, simplifying the budgeting process and enhancing team collaboration effortlessly. (17 mentions)

Users find Budgyt to be a user-friendly budgeting management tool that significantly streamlines the budgeting process for teams. (12 mentions)

Users highly value the excellent customer support from Budgyt, making budgeting and financial reporting a breeze. (12 mentions)

Users highlight the user-friendly and customizable budgeting features of Budgyt, making financial planning effortless. (10 mentions)

Users find that Budgyt significantly enhances budgeting efficiency, saving time and streamlining the budget process globally. (10 mentions)

Users face integration issues with Budgyt, lacking features like Microsoft Dynamics and Netsuite compatibility. (5 mentions)

Users find Budgyt expensive, particularly with high initial setup costs that may not align with its value. (2 mentions)

Users find the inefficient reporting in Budgyt lacking in presentation and customization for non-financial audiences. (2 mentions)

Users face a steep learning curve with Budgyt, which can make initial adoption challenging for some teams. (2 mentions)

Users face limitations in integration capabilities with Budgyt, particularly when managing multiple entities effectively. (2 mentions)

5 Pros or Advantages of Budgyt

1. Ease of Use

Users find Budgyt to be very user-friendly, simplifying the budgeting process and enhancing team collaboration effortlessly.

See 17 mentions

See Related User Reviews

Claudia G.

4.5/5

"Streamlines Budgeting with User-Friendly Features"

What do you like about Budgyt?

I like that everyone is able to view Budgyt, including our program directors. It's pretty easy to sync data from QuickBooks or other accounting softwa

JJ M.

Mid-Market (51-1000 emp.)

5.0/5

"Made for Accountants"

What do you like about Budgyt?

Easy to upload information, easy to navigate, and easy to manipulate how you need.

2. Budgeting Management

Users find Budgyt to be a user-friendly budgeting management tool that significantly streamlines the budgeting process for teams.

See 12 mentions

See Related User Reviews

Matthew V.

Small-Business (50 or fewer emp.)

5.0/5

"Robust Payroll Budgeting Module"

What do you like about Budgyt?

Recently Budgyt added the ability to roll up departments into regions and regions into entities, so essentially three layers. This will allow us to bu

Jen S.

5.0/5

"Intuitive Budgeting Made Easy with Budgyt"

What do you like about Budgyt?

I love Budgyt for its ease of use and intuitive design. It has made budgeting and forecasting much simpler for our small nonprofit organization. The p

3. Customer Support

Users highly value the excellent customer support from Budgyt, making budgeting and financial reporting a breeze.

See 12 mentions

See Related User Reviews

Kathleen P.

Mid-Market (51-1000 emp.)

5.0/5

"Budgyt is awesome!"

What do you like about Budgyt?

I found a small programming issue on a report that I brought to James (Founder and CEO) attention, and received a same day response, with a follow up

David T.

Small-Business (50 or fewer emp.)

5.0/5

"Effortless Budget Management with Stellar Support"

What do you like about Budgyt?

I love Budgyt for its ease in managing our non-profit organization’s budget and financial reporting. The ability to easily view actuals and update pro

4. Budgeting

Users highlight the user-friendly and customizable budgeting features of Budgyt, making financial planning effortless.

See 10 mentions

See Related User Reviews

Claudia G.

4.5/5

"Streamlines Budgeting with User-Friendly Features"

What do you like about Budgyt?

I like that everyone is able to view Budgyt, including our program directors. It's pretty easy to sync data from QuickBooks or other accounting softwa

Matthew V.

Small-Business (50 or fewer emp.)

5.0/5

"Robust Payroll Budgeting Module"

What do you like about Budgyt?

Recently Budgyt added the ability to roll up departments into regions and regions into entities, so essentially three layers. This will allow us to bu

5. Budgeting Efficiency

Users find that Budgyt significantly enhances budgeting efficiency, saving time and streamlining the budget process globally.

See 10 mentions

See Related User Reviews

Claudia G.

4.5/5

"Streamlines Budgeting with User-Friendly Features"

What do you like about Budgyt?

I like that everyone is able to view Budgyt, including our program directors. It's pretty easy to sync data from QuickBooks or other accounting softwa

Matthew V.

Small-Business (50 or fewer emp.)

5.0/5

"Robust Payroll Budgeting Module"

What do you like about Budgyt?

Recently Budgyt added the ability to roll up departments into regions and regions into entities, so essentially three layers. This will allow us to bu

5 Cons or Disadvantages of Budgyt

1. Integration Issues

Users face integration issues with Budgyt, lacking features like Microsoft Dynamics and Netsuite compatibility.

See 5 mentions

See Related User Reviews

Jen S.

5.0/5

"Intuitive Budgeting Made Easy with Budgyt"

What do you dislike about Budgyt?

I find that Budgyt has limitations with its integration capabilities. Although there have been significant updates to allow for automatic downloads di

Steve M.

Mid-Market (51-1000 emp.)

5.0/5

"Outstanding Product and Service"

What do you dislike about Budgyt?

The visualizations add on was less integrated than other functions.

2. Expensive

Users find Budgyt expensive, particularly with high initial setup costs that may not align with its value.

See 2 mentions

See Related User Reviews

Claudia G.

4.5/5

"Streamlines Budgeting with User-Friendly Features"

What do you dislike about Budgyt?

I think the sync from QuickBooks includes all the line item expenses, but the search of those line item expenses is not very user-friendly in Budgyt.

Verified User

Mid-Market (51-1000 emp.)

5.0/5

"Budgyt was a great choice for simplifying the budgeting process"

What do you dislike about Budgyt?

The initial price, which included the initial setup costs planned for 8 hours, seemed a bit high to me.

3. Inefficient Reporting

Users find the inefficient reporting in Budgyt lacking in presentation and customization for non-financial audiences.

See 2 mentions

See Related User Reviews

Verified User

Small-Business (50 or fewer emp.)

4.5/5

"Extremely Capable Budgeting / Reporting Tool"

What do you dislike about Budgyt?

Some of the reporting isn't as 'pretty' or presentable in PDF form as I might like for non-financial audience. Would love more customization for cash

Mark D.

Small-Business (50 or fewer emp.)

4.5/5

"Budgyt is a winner"

What do you dislike about Budgyt?

The set up time and learning curve were significant, but worth it. The reports aren't so aesthetically pleasing.

4. Learning Difficulty

Users face a steep learning curve with Budgyt, which can make initial adoption challenging for some teams.

See 2 mentions

See Related User Reviews

Mindy M.

Mid-Market (51-1000 emp.)

5.0/5

"Great collaborative tool!"

What do you dislike about Budgyt?

If you/your teams aren't super familiar with accounting practices, it could be confusing to use as a stakeholder. Additionally, I wish I could have tw

Verified User

Small-Business (50 or fewer emp.)

5.0/5

"Budgyt - Making Life Easy without Excel"

What do you dislike about Budgyt?

Not every module of Budgyt is likely to be needed for most implementations. We do not use the Employee module, which is handled in a separate HR syste

5. Limitations

Users face limitations in integration capabilities with Budgyt, particularly when managing multiple entities effectively.

See 2 mentions

See Related User Reviews

Matthew V.

Small-Business (50 or fewer emp.)

5.0/5

"Robust Payroll Budgeting Module"

What do you dislike about Budgyt?

It might be interesting to allow various charts of accounts and fiscal years for different types of businesses. There are reasonable workarounds for t

Jen S.

5.0/5

"Intuitive Budgeting Made Easy with Budgyt"

What do you dislike about Budgyt?

I find that Budgyt has limitations with its integration capabilities. Although there have been significant updates to allow for automatic downloads di

G2 reviews are authentic and verified.

Here's how.

Deanna S.

CFO

Mid-Market (51-1000 emp.)

2/14/2022

"Best Budgyt Software"

5/5

What do you like best about Budgyt?

Budgyt Software is easy to use and very detail-oriented. Implementation was painless. Ongoing questions or issues are addressed in a timely manner. Review collected by and hosted on G2.com.

What do you dislike about Budgyt?

I really can't think of anything. I am using Budgyt software for two different companies and love the agility of the software. Review collected by and hosted on G2.com.

Verified User in Computer Software

Mid-Market (51-1000 emp.)

2/17/2022

"Budgyt Review - Highly Recommend"

4.5/5

What do you like best about Budgyt?

Any time I have a question, I can find an easy to understand answer in the support section. If not, the chat function is super fast! Review collected by and hosted on G2.com.

What do you dislike about Budgyt?

Most things our team would like to happen within budgyt are either newly released updates or in the pipeline. Review collected by and hosted on G2.com.

Melissa H.

Vice President Finance

Small-Business (50 or fewer emp.)

2/28/2022

"Budgeting"

4.5/5

What do you like best about Budgyt?

Ease of use, integration capabilities with existing Financial System. Review collected by and hosted on G2.com.

What do you dislike about Budgyt?

Notification for approvals could be more streamlined. Review collected by and hosted on G2.com.

Verified User in Events Services

Small-Business (50 or fewer emp.)

2/9/2022

"Fantastic software"

5/5

What do you like best about Budgyt?

Very easy to use. Can handle complex calculations or simple. Very clean looking and easy to export for reports outside of budgyt. Love the comparatives in budgyt as well Review collected by and hosted on G2.com.

What do you dislike about Budgyt?

Nothing is missing. It's a great product and hope to keep using for a long time. Easy for staff too. Review collected by and hosted on G2.com.

Stephanie I.

Accounting Manager

Small-Business (50 or fewer emp.)

9/15/2021

"Easy to Use"

5/5

What do you like best about Budgyt?

Very user friendly! I love that I don't have to use excel at all. It is very easy to copy a prior year and make changes or look at different scenarios. Review collected by and hosted on G2.com.

What do you dislike about Budgyt?

The HR module is a little difficult at first to understand how everything flows. Review collected by and hosted on G2.com.

Verified User in Accounting

Small-Business (50 or fewer emp.)

9/22/2021

"Great Budget and Forecasting Software"

5/5

What do you like best about Budgyt?

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 have continuously made software updates and improvements which benefit the customer. Recommendations I have made have been implemented and really benefited me. There are many useful tutorials and James, and the support team, are always available and quick to respond to inquires. The software now has updates that link directly to QBO and made my job as Finance Manager much easier. I could highly recommend Budgyt. Review collected by and hosted on G2.com.

What do you dislike about Budgyt?

I am happy with the software. In the beginning phases, there were reports and options which were missing that would have been helpful. I addressed these with James and their support team, and they were able to build in the capabilities I needed. Review collected by and hosted on G2.com.

Recommendations to others considering Budgyt:

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 have continuously made software updates and improvements which benefit the customer. Recommendations I have made have been implemented and really benefited me. There are many useful tutorials and James, and the support team, are always available and quick to respond to inquires. The software now has updates which link directly to QBO and made my job as Finance Manager much easier. I could highly recommend Budgyt. Review collected by and hosted on G2.com.

What problems is Budgyt solving and how is that benefiting you?

I use Budgyt primarily for budget and actual reports, as well as quarterly forecasting. It is very easy to create forecasts with year-to-date actuals and forecast information. Additionally, it has really helped with my personnel. We are grant-based and need to update allocations on a regular basis. Their personnel portion has been a life saver. Review collected by and hosted on G2.com.

Sherry L.

Small-Business (50 or fewer emp.)

9/1/2020

"Sept 2020"

4/5

What do you like best about Budgyt?

Dashboard with preset reports and ability to see chosen timeframes Review collected by and hosted on G2.com.

What do you dislike about Budgyt?

Unable to move from person to person and stay in same section. Review collected by and hosted on G2.com.

Verified User in Food & Beverages

Mid-Market (51-1000 emp.)

10/22/2021

"Excellent tool for budgeting"

4/5

What do you like best about Budgyt?

I love all the Dashboard display variations. Perfect for Budget to Actual comparisons. Review collected by and hosted on G2.com.

What do you dislike about Budgyt?

Data import options are limited and a bit cumbersome at times. The approval process on the approver's side can be a bit overwhelming with a large company. Review collected by and hosted on G2.com.

Verified User in Management Consulting

Mid-Market (51-1000 emp.)

2/9/2022

"Flexible and easy to use"

5/5

What do you like best about Budgyt?

Easy to use platform and total flexibility allows for easy deployment. Review collected by and hosted on G2.com.

What do you dislike about Budgyt?

Nothing comes to mind here, it has met our needs to date. Review collected by and hosted on G2.com.

Jim H.

Partner

Mid-Market (51-1000 emp.)

1/19/2021

"Our First Several Months on Budgyt"

4.5/5

What do you like best about Budgyt?

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 about Budgyt?

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 is Budgyt solving and how is that benefiting you?

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 look 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.