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

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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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David G. J.

Controller

Mid-Market (51-1000 emp.)

8/30/2022

"Useful User Interface to our ERP"

5/5

What do you like best about Budgyt?

It provides an easy self-service interface for our leaders into the financial data coming from our ERP. It saves the Finance Team a lot of time answering questions. It replaced our time-consuming internal monthly financial reports for each department. Review collected by and hosted on G2.com.

What do you dislike about Budgyt?

Though the functionality is available in Budgyt, I have not yet taken the time to automate the interface between our ERP (MicroSoft Dynamics GP) and Budgyt. The manual process is quick but something I'd like to eliminate. Review collected by and hosted on G2.com.

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

Budgyt is providing a user-friendly interface into the financial data in our ERP for all our leadership. They are able to customize the data they see (Actuals, Budget, Projection, Prior Year, etc.) and then drill down into the detail that supports those amounts. It has empowered our leadership team to do their own financial analysis which is very helpful for our small Finance Team. Review collected by and hosted on G2.com.

Verified User in Accounting

Mid-Market (51-1000 emp.)

5/16/2023

"Excellent budgeting tool."

5/5

What do you like best about Budgyt?

Budgyt is one of the best budgeting tools in the market. Review collected by and hosted on G2.com.

What do you dislike about Budgyt?

I didn't see any downside of this budgeting software as of right now. Review collected by and hosted on G2.com.

Verified User in Non-Profit Organization Management

Mid-Market (51-1000 emp.)

5/17/2023

"I Love this Software"

5/5

What do you like best about Budgyt?

Very user-friendly and intuitive. I love how easy it is to enter/update info. Also love the ability to see individual departments, or groups, or a complete consolidation. Review collected by and hosted on G2.com.

What do you dislike about Budgyt?

I haven't found anything that I dislike. Review collected by and hosted on G2.com.

Verified User in Construction

Small-Business (50 or fewer emp.)

5/18/2023

"Excellent product with exceptional support"

5/5

What do you like best about Budgyt?

The platform is complex with a simple interface. The support is top-notch. Review collected by and hosted on G2.com.

What do you dislike about Budgyt?

The complexities take time to master but are ultimately extremely useful. Review collected by and hosted on G2.com.

rose j.

Controller

Small-Business (50 or fewer emp.)

9/21/2022

"Excellent software"

5/5

What do you like best about Budgyt?

Navigation is so simple and fast. We have multiple companies and multiple departments. It is extremely helpful jumping back and forth and making comparisons. We switched from outdated forecaster. The old software was not user-friendly and didn't allow for easy comparisons. Review collected by and hosted on G2.com.

What do you dislike about Budgyt?

I don't like the report output. We have to make edits for a more user-friendly report (for those interested in hard copy or PDF). It would be nice if the reports could be customized to generate at a touch of a button. Not a big obstacle as I don't like paper products. Budgyt stands alone. Review collected by and hosted on G2.com.

Janet R.

Small-Business (50 or fewer emp.)

3/8/2023

"Budgtyt product review"

4/5

What do you like best about Budgyt?

Reporting, and that staff can input in real time. Different scenarios brought in from QBO "in a flash" Review collected by and hosted on G2.com.

What do you dislike about Budgyt?

Haven't found much to dislike yet about the product Review collected by and hosted on G2.com.

Lona T.

Vice President Finance & Operations

Small-Business (50 or fewer emp.)

8/22/2022

"Less Excel spreadsheets, reduced errors, automate manual processes. Intuitive and easy to learn."

5/5

What do you like best about Budgyt?

Dashboards are helpful. When you can select a department and see a dashboard for each one. You can roll up the dashboards with whatever departments you want to. Review collected by and hosted on G2.com.

What do you dislike about Budgyt?

Implementation takes extra time but once this step is complete, the software is amazing! Additional training options and streamlining the onboarding process could help. Review collected by and hosted on G2.com.

Verified User in Hospital & Health Care

Mid-Market (51-1000 emp.)

10/26/2022

"Easy to use saving tons of staff hours"

5/5

What do you like best about Budgyt?

The support for the implementation was bar none. The software is easy to use and saved so much staff hours, including VP's time and Director's time. Whenever we changed anything, all the reports were automatically updated. And we don't have the issue of old versions of the budget floating around. We would never go back to spreadsheets. Review collected by and hosted on G2.com.

What do you dislike about Budgyt?

Nothing. we have had no issues with the software. Review collected by and hosted on G2.com.

Verified User in Hospitality

Mid-Market (51-1000 emp.)

11/17/2022

"Budgyt Review"

5/5

What do you like best about Budgyt?

Its product features and its staff. Budgyt is super easy to use and its technical support team is very knowledgeable and professional. We can easily get help and issues can be resolved in just one phone call. Review collected by and hosted on G2.com.

What do you dislike about Budgyt?

None noted. Everything has been working quite well for us. We received a lot of support and guidance during the setup to ensure that it was set up the way we wanted. Review collected by and hosted on G2.com.

Harinda I.

Senior Project Manager

Mid-Market (51-1000 emp.)

8/3/2022

"Cool, User Friendly & Affordable Budget Solution"

4.5/5

What do you like best about Budgyt?

The solution is extremely user-friendly and packed with powerful features such as scenario-based data modeling, segregation capability, Xero integration, SAML 2.0 authentication support, and so on. Aileen Zelekowitz, our implementation consultant, was fantastic throughout the implementation phase, gathering requirements, leading workshops, and assisting us in configuring the system. Review collected by and hosted on G2.com.

What do you dislike about Budgyt?

We initially encountered some system performance issues. However, once raised, the support team promptly addressed it. Review collected by and hosted on G2.com.