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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Winona G.

EPC

Mid-Market (51-1000 emp.)

8/30/2022

"Budgyt for Healthcare"

4/5

What do you like best about Budgyt?

It gives a good compare and contrast on a monthly basis, and from year to year. It allows you to coordinate well with administration on financial issues. Review collected by and hosted on G2.com.

What do you dislike about Budgyt?

There is nothing I dislike about Budgyt, though it did take me a little while to figure out the variances. Review collected by and hosted on G2.com.

Joseph P.

Mid-Market (51-1000 emp.)

9/1/2020

"Becoming an impressive tool for budgeting and forecasting"

4.5/5

What do you like best about Budgyt?

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 about Budgyt?

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 Budgyt:

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 is Budgyt solving and how is that benefiting you?

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.

Preeti J.

Senior BI Analyst

Mid-Market (51-1000 emp.)

2/24/2022

"Onestop Solution"

5/5

What do you like best about Budgyt?

It's not one of the regular budgeting software wherein the user does not have much of the control adding restrictions over certain parts of the budget. It allows the users to have fair control on who can see what part of budget, thereby good scope of data security & privacy. It acts as our basic ledger & is easy to use, understand & read. It's the best app in the market given the pricing as well. Review collected by and hosted on G2.com.

What do you dislike about Budgyt?

I do not think that there is anything to dislike about the App. Review collected by and hosted on G2.com.

Recommendations to others considering Budgyt:

If you need one-stop solutions for all your accounting needs, which is cost-effective, time-efficient & easy to use with good support, then BUDGYT is something you need to consider. Review collected by and hosted on G2.com.

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

Easy to read, use & understand. And if at all you're stuck somewhere, they have their tutorials in place, which are so detailed. Time efficient. Cost Effective. Review collected by and hosted on G2.com.

Verified User in Non-Profit Organization Management

Small-Business (50 or fewer emp.)

8/30/2022

"Great Software"

5/5

What do you like best about Budgyt?

Quick and easy for the entire department to budget and then verify their actual spending. The features for payroll budgeting are also top-notch. The payroll formulas make everything super easy. Review collected by and hosted on G2.com.

What do you dislike about Budgyt?

I wish that there was a more seamless sync between Budgyt and our accounting software, Intacct or at least an auto-feed for more real-time updates to spend for our budget managers. Review collected by and hosted on G2.com.

Dmitry G.

Senior Finance Analyst

Mid-Market (51-1000 emp.)

3/8/2022

"A gem in the crowded market of CPMs"

5/5

What do you like best about Budgyt?

Budgeting is so easy with Budgyt. After a quick initial set up budgets can be prepared based on business drivers. Also, forecasting can be streamlined with nice features. So easy to use!!! Review collected by and hosted on G2.com.

What do you dislike about Budgyt?

Nothing to say here. Support did everything we asked. Review collected by and hosted on G2.com.

Recommendations to others considering Budgyt:

The best value for money on the market. If you fail with Budgyt you are not ready for anything else. Review collected by and hosted on G2.com.

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

Collecting inputs from ~50 people, eliminating spreadsheets. Providing a self-service platform that acts as a single source of truth. Reduced time from months to weeks during budget time. Review collected by and hosted on G2.com.

Jen S.

Director of Finance and Administration

Small-Business (50 or fewer emp.)

8/29/2020

"The answer to managing budgets!"

5/5

What do you like best about Budgyt?

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 about Budgyt?

It has a pretty steep learning curve at first. But the Budgyt team is very patient and helped me through that. Review collected by and hosted on G2.com.

Sakshi H.

Finance and administration coordinator

Small-Business (50 or fewer emp.)

2/9/2022

"Budgyt is so helpful that it has replaced our old ugly excel formula sheets"

4.5/5

What do you like best about Budgyt?

Budgyt helps in planning the financial figures in a better and efficient way.

Non-accounting people can also understand it easily

It's much simpler than using excel. Review collected by and hosted on G2.com.

What do you dislike about Budgyt?

It needs a lot of training and practice before using it like a pro.

The visualization tool can be better but it's below the average.

Hard implementation and time taking Review collected by and hosted on G2.com.

Recommendations to others considering Budgyt:

Budgyt can improve its visualization tool

Can make the integration easier Review collected by and hosted on G2.com.

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

Budget planning and its successful implementation.

Helpful with short-term as well as long-term project's financial projections

Easy to compare the numbers Review collected by and hosted on G2.com.

Michael D.

CFO

Mid-Market (51-1000 emp.)

2/9/2022

"Budyt continues its improvements!"

5/5

What do you like best about Budgyt?

It is really easy to understand. Our user base expanded exponentially in recent years, and newbies "got it" in about 45 minutes of training. The embedded videos rock! Review collected by and hosted on G2.com.

What do you dislike about Budgyt?

Manual uploading of QuickBooks files is time consuming and can produce errors, and with our five companies, and error in one forces us to upload all five again. Review collected by and hosted on G2.com.

Scott C.

Director of Financial Operating Systems

Mid-Market (51-1000 emp.)

3/19/2022

"This product has transformed our budgeting process."

5/5

What do you like best about Budgyt?

The ease of implementation, user-friendliness and customer service are the three biggest advantages to this software for our company Review collected by and hosted on G2.com.

What do you dislike about Budgyt?

The only criticism, I have experienced from users to this point is the inability to adjust the background and foreground color scheme Review collected by and hosted on G2.com.

Ravi M.

Value Change

Mid-Market (51-1000 emp.)

2/10/2022

"We have been using Budgyt for the past 3 years. It is very user friendly budgeting tool."

4.5/5

What do you like best about Budgyt?

I specially like its functionality, ease of use, speed of retrieval of information, report format and layout and most importantly moving data between our ERP system Review collected by and hosted on G2.com.

What do you dislike about Budgyt?

It shows up unnecessary rows with zero values, which is quite disturbing. Review collected by and hosted on G2.com.

Recommendations to others considering Budgyt:

If you have challenging times preparing your company's annual budget and quarterly forecast, Budgyt is your answer. Review collected by and hosted on G2.com.

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

Our annual budgeting and quarterly forecast are much more efficient now and employees are realising the value of this Review collected by and hosted on G2.com.