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

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Zac T.

Mid-Market (51-1000 emp.)

3/7/2024

"Budgyt is Perfect for our Multiple Location Budget Needs"

5/5

What do you like best about Budgyt?

Budgyt has provided our team with every possible need that has arisen during the budgeting process. We use budgeting for our entire chart of accounts, as well as budgeting team members and their salaries. Budgyt makes the process easy across our multiple locations, and their customer service is beyond exceptional! They always have great people available to help walk us through the process, and even help make updates to assist with any needs we might have! Review collected by and hosted on G2.com.

What do you dislike about Budgyt?

We truly have not yet found any major downsides to using budget. Review collected by and hosted on G2.com.

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

Our multiple location budgeting process has been very difficult in the past. Budgyt has helped us simplify this process, and their excel linking simplifies the process for anyone not familiar with the software. This allows us to use all functions of the software, making it easy to gather input from even our less tech-savvy team members. Review collected by and hosted on G2.com.

Verified User in Computer Software

Mid-Market (51-1000 emp.)

8/27/2024

"Easy tool for small-medium business"

4.5/5

What do you like best about Budgyt?

The comparaison between scenarios are super easy to do.

Very easy to work with. Support available when you need it. Not too expensive. Easy to implemant. You can forecast your payroll Review collected by and hosted on G2.com.

What do you dislike about Budgyt?

Different currencies need some planning. Review collected by and hosted on G2.com.

Kish D.

Mid-Market (51-1000 emp.)

3/4/2024

"Ease of Use"

5/5

What do you like best about Budgyt?

The Budgyt tool is very simple in terms of use. Reports are easy to export. I like the simple way it organizes the information and the fact that I can see every division. The tool puts me in control of company financials and gives me time for other things. Customer service has been great. Review collected by and hosted on G2.com.

What do you dislike about Budgyt?

The only downside is that the tool doesn't interact with Payroll system or Accounting system. I have to import data into the tool myself. Review collected by and hosted on G2.com.

Verified User in Recreational Facilities and Services

Mid-Market (51-1000 emp.)

3/22/2024

"Budgyt is the BEST!"

5/5

What do you like best about Budgyt?

Love Budgyt’s business model which enabled use to try it out with our data and most of the setup without paying up front. Budgyt is so much better than my bulky multi company, multi department Excel spreadsheet. Great that we can upload detailed actual GL data for users to see. Awesome that we easily see prior year monthly actuals, and budget on the data sheet for a gut check. The formulas and excel linking files work like a charm. Implementation was very smooth and haven't needed to contact customer support yet. You can tell this product was designed by a CFO, and is easy enough to use by a non-financial manager! Thanks James! Review collected by and hosted on G2.com.

What do you dislike about Budgyt?

Nothing so far! Might want to upgrade to Balance sheet and/or Visualizations later. Review collected by and hosted on G2.com.

Bertus F.

Mid-Market (51-1000 emp.)

3/4/2024

"Best cost effective budget tool out there"

5/5

What do you like best about Budgyt?

Budget allows you to create models very easily and allows you scale to extremely complex models. The tools is very easy to use and their support is great. Won't do a budget or cost model without it again Review collected by and hosted on G2.com.

What do you dislike about Budgyt?

Budgyt is a great tool if you've done some budget models before. If it's your first time then some of the concepts might be foreign to you. Review collected by and hosted on G2.com.

Patrick B.

SVP

Mid-Market (51-1000 emp.)

8/27/2024

"Very easy to learn and implement."

5/5

What do you like best about Budgyt?

Navigating through all the data and formulas. Review collected by and hosted on G2.com.

What do you dislike about Budgyt?

No ability to include SQL statements or queries within the program. Review collected by and hosted on G2.com.

Morena C.

Accounting Manager

Mid-Market (51-1000 emp.)

6/13/2024

"Super simple tool with nice visualization aspects"

5/5

What do you like best about Budgyt?

Easy to design reports and then have them run automatically once we close our financial period. Review collected by and hosted on G2.com.

What do you dislike about Budgyt?

I have not found an area where Budgyt is not ideal for our use. Review collected by and hosted on G2.com.

Response from James McCoy of Budgyt

edit

Thank you. Yes creating a budgeting platform that allows precision with an easy to use audit trail is hard to program and find out there.

Verified User in Non-Profit Organization Management

Small-Business (50 or fewer emp.)

3/5/2024

"Solid and Smart"

4.5/5

What do you like best about Budgyt?

This program will organize all your organization's number into structures everyone - especially your non-number people - within your organization. Incredibly customizable, secure, and (mostly) user-friendly. Review collected by and hosted on G2.com.

What do you dislike about Budgyt?

While it has terrific ways of customizing what can be seen or hidden, figuring out all of the data and possibilities for exploring the data has a bit of a learning curve. It's a quibble when compared to otherwise greatness. Review collected by and hosted on G2.com.

Response from James McCoy of Budgyt

edit

Hi, thank you for the review. As Budgyt works in over 80 different verticals we have made many features configurable to various setups. Most Admins indicate it takes about four hours to get very familiar with the platform.

Caitlin G.

Accounting Manager

Mid-Market (51-1000 emp.)

10/27/2023

"Helpful CSR team & very userfriendly"

5/5

What do you like best about Budgyt?

We purchased all available modules and am really enjoying visualizations that are provided by Budgyt. Besides the system being very user friendly - their support staff is what has really made all the difference for our organization. Whenever I have a question they are always readily available to answer or help resolve it! Review collected by and hosted on G2.com.

What do you dislike about Budgyt?

Still learning the Cashflow and Balance sheet modules but they are new to Budgyt! Looking forward to learning with Budgyt. Review collected by and hosted on G2.com.

Jillian S.

Controller

Mid-Market (51-1000 emp.)

5/22/2023

"Budgyt.com and their team are amazing!"

5/5

What do you like best about Budgyt?

Budgyt.com is such a needed software when it comes to the budgeting process. Budgyt.com is super user-friendly, and their support staff has your back the entire way. It is my second time referring an organization I work for to use Budgyt.com for their budgeting application. Their payroll module is so functional and allows you to dial in the payroll aspect of your business regarding the annual budget. Review collected by and hosted on G2.com.

What do you dislike about Budgyt?

In my experience, there is nothing I dislike about Budgyt.com. The price point is perfect; the support team is available when needed, and the integration to QuickBooks online works like a charm. Review collected by and hosted on G2.com.

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

We took the budget process from a spreadsheet and 15 revisions last year to a streamlined process where all users could enter their annual budgets and, more importantly, see the real-time results as actuals are populated. Their reporting module allows the month-end-close results to be presented to decision-makers so they can make far superior decisions. Review collected by and hosted on G2.com.