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Budgyt Reviews & Product Details

Budgyt Overview

What is Budgyt?

Budgyt is a dynamic FP&A platform that simplifies budgeting, forecasting, and reporting without sacrificing the granular details. Budgyt delivers user-friendly solutions for complex financial planning needs, making it easy for CFOs and finance teams to integrate financials, streamline processes, and manage multiple departments and users from a single source of truth. Ranked #1 by G2 for ease-of-use, best results, and highest user adoption, Budgyt is the only planning software created and developed by a CFO with a comprehensive understanding of user needs, validated by over 1000+ admin users. The all-in-one platform offers powerful solutions for fast, accurate FP&A including multi-department budget collaboration, agile reforecasting, transaction-level data analysis, visualizations, and balance sheet & cash flow forecasting with automated accruals. Backed with real-time data, automatic consolidation, and built-in quality assurance, Budgyt empowers small and mid-market businesses, enterprises, and nonprofits to make better decisions faster with numbers everyone in the board room can trust. Key features: -Automated accrual-based budgeting from P&L -No-code platform configuration -Global settings and universal updates -User-friendly dashboards and flexible data views -Single data entry point -Automatic rollups/consolidations -Unbreakable formulas managed without syntax -Hyperlinked data and instant drill-downs into GL -Granular role-based user permissions -Data Visualizations -Unlimited Dimensions -APIs -Approvals -Track changes and filterable activity log -Multi-currency

Budgyt Details
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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?

Budgyt is the only financial planning software built for CFOs, by CFOs. Most solutions on the market claim to solve complex challenges but deliver a solution that lacks the granular details or flexibility to slice and dice the data.

Budgyt is ranked #1 for ease of use for a reason. Our platform was designed with no-code configuration so that admins can easily customize their dashboards, budgets, and reports to fit their optimal viewing and planning needs. We understand what CFOs need to be both efficient and meticulous.

Budgyt is also the only platform purposefully built for collaboration. We understand a cross-organizational process requires a lot of hands, both in and out of finance, which is we don’t charge per user. We make it easy for non-financial users to enter their data and submit their budgets on time, and they get a better understanding of the numbers every step of the way.


Seller Details
Seller
Budgyt
Company Website
Year Founded
2013
HQ Location
New York, NY
Twitter
@budgyt
273 Twitter followers
LinkedIn® Page
www.linkedin.com
22 employees on LinkedIn®

James M.
JM
Overview Provided by:
Empowering CFO's by simplifying budgeting for businesses, institutions and non-profits.

Recent Budgyt Reviews

Verified User
A
Verified UserMid-Market (51-1000 emp.)
5.0 out of 5
"Improved our budgeting process ten-fold"
It is easy to use and available to multiple users for annual budget submission. Customer support is also excellent.
Annmarie M.
AM
Annmarie M.Mid-Market (51-1000 emp.)
4.5 out of 5
"Using Budgyt"
I like the simplicity and still meets the needs of my organization
Verified User
A
Verified UserMid-Market (51-1000 emp.)
4.5 out of 5
"Budgyt Platform is Great!!!"
The Budgyt platform has made my budgeting process so much easier. Being able to move away from using multiple, linked Excel spreadsheets has been g...
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Budgyt Media

Budgyt Demo - Overview
Learn about Budgyt and its multi-class budgeting with instant drill-down and easy comparisons on a no-code platform with unbreakable multi-class formulas.
Budgyt Demo - Manage C2C's
Manage Category-to-Category No-Code Formulas
Budgyt Demo - Copy Data
Easily copy data across budgets
Budgyt Demo - VIsualizations
Transform dense data into budget clarity with out advanced visualizations module.
Budgyt Demo - Manage Users
Manage your your users on an intuitive page.
Budgyt Demo - Scenario Dashboard
getting you to the why when it matters most
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Video Reviews

85 Budgyt Reviews

4.8 out of 5
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85 Budgyt Reviews
4.8 out of 5
85 Budgyt Reviews
4.8 out of 5

Budgyt Pros and Cons

How are these determined?Information
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Pros
Cons

Overall Review Sentiment for BudgytQuestion

Time to Implement
<1 day
>12 months
Return on Investment
<6 months
48+ months
Ease of Setup
0 (Difficult)
10 (Easy)
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G2 reviews are authentic and verified.
Matthew V.
MV
Business Analyst
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Budgyt?

Employee and Payroll module in Budgyt has all the capabilities to plan accurately for payroll and employer expenses in multiple states and with a wide variety of employee benefits formula capabilities.

Customer support is super capable and fast - if you ever need anything beyond their excellent training video library, which almost always covers my questions. Review collected by and hosted on G2.com.

What do you dislike about Budgyt?

Sometimes keeping up with the way the platform is improved can be a challenge - but the benefit of the improvements outweigh any time spent getting used to the changes over time. Review collected by and hosted on G2.com.

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

The problems we had before Budgyt:

1. Multiple versions of budget drafts - Budgyt provides a stable, centralized cloud location where the most updated version and even multiple scenarios can be curated clearly.

2. Tracking multiple contributor changes - Budgyt provides audit trails for seeing who changed what when, and optional approval settings for oversight as needed.

3. Coming from a more difficult, overly complicated budgeting platform - Budgyt is easy to use and has great training videos. This makes our company more scalable!

4. Needing an elegant payroll budgeting tool - Budgyt has a detailed payroll module that helps us to forecast employer cost of employees with excellence. Review collected by and hosted on G2.com.

EC
Senior Budget and accounting Coordinator
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Budgyt?

There are lots of things I like about the software, for example, it is easy to review financial statements espercially tracking expenses and variance report. it is good for organizations that track employee efforts on various programs. it easy to import track your budget versus actual. Review collected by and hosted on G2.com.

What do you dislike about Budgyt?

I do not dislike it, I think the sofware is amazing. I just wish there was more vidoes on how to tract indirect cost. The good thing is, they have a great team that is always willing to help when you need it. Review collected by and hosted on G2.com.

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

We used to do alot of things manually, and having lots of mistakes. Budget is preventing us from using a giant spreadhseet that has lot of mistake and good to storing data. With Budgyt, our numbers are consistent and accurate, we do not have people change data by mistakes. Review collected by and hosted on G2.com.

TT
Director of Finance and Administration
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Budgyt?

Feature rich. The cloud-based user-friendly interface integrates easily, streamlines implementation and training, and makes for easy input and tracking of expenses, shows detail of prior years, while the reporting tools provide valuable insights into my financial situation. The ability to customize and create forecasts is instrumental in helping us stay on track with financial goals. Overall, Budgyt has improved our budgeting process, reduced labor costs, and helps to avoid keying errors. I highly recommend Budgyt software to anyone looking for an effective budgeting solution. The training staff is well versed in the product and has been a joy to work with. Review collected by and hosted on G2.com.

What do you dislike about Budgyt?

Nothing. I haven't found any dislikes while learning and using Budgyt. Review collected by and hosted on G2.com.

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

Having all the data in one spot helps to analize and report out to our board members, as well as providiing the finance committee direct access anytime they need. Review collected by and hosted on G2.com.

Verified User in Media Production
UM
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Budgyt?

Great product, well thought out, flexible, fast, and the support and training is very good and personal, including all of the available videos on various topics that are easy to digest. The best feature of all isn't a feature so much as its foundation: you can create multiple scenarios so easily on one set of base data and combine actuals with future budget figures to create projections easily. The staff at Budgyt did a good job of taking our raw info and setting it all up for us. Review collected by and hosted on G2.com.

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 flow report to conform for how we like to present it or break out various GL codes into their own bucket. As I say this, there's probably a way that I have not discovered yet. Review collected by and hosted on G2.com.

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

Managing budget process better and collaboratively. Review collected by and hosted on G2.com.

Paul R.
PR
Treasurer
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: Seller invite
Incentivized Review
What do you like best about Budgyt?

Budgyt makes it possible to consolidate detailed line-item budget planning into once place.

Budgyt accomplishes this by offering the largest number of sub-tiers of any budget SAAS out there, unlimited line-items under each lowest level account category, and line-item notes for expense/income justification. No more department-level spreadsheets because your budgeting software only supports 2 or 3 sub-tiers. You can easily fit every nit-picky detail into Budgyt! Review collected by and hosted on G2.com.

What do you dislike about Budgyt?

After years of using Budgyt, I still struggle with using the built-in equation builders. They are highly customizable, which is great, but they don't always seem to follow traditional math logic. I've resorted to running the few calculations I need to do externally and linking a spreadsheet to a Budgyt line item, which works fine for me and is a small price to pay for the level of detailed planning Budgyt facilitates. Review collected by and hosted on G2.com.

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

I use Budgyt to budget and forecast annually and quarterly in our church. Budgyt allows a substantial amount of detail in it's budget scenarios, which makes it easy to keep all expense planning and justification in one place. Review collected by and hosted on G2.com.

KP
Business Manager
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Organic Review from User Profile
Incentivized Review
(Original )Information
What do you like best about Budgyt?

I like being able to copy the prior year's budget and make adjustments based on prior year notes. It makes creating and working on each year's budget and effortless process! I have been using the software for several years and extremely satisfied! This year I was able to run a report and compare my prior budget to the new budget and review variances, which was very helpful for decision making. The time saved compared to the old way of handling a budget with Excel is remarkable! The software is very user friendly and James McCoy, the Founder and CEO along with his team truly care about the success of each customer! Review collected by and hosted on G2.com.

What do you dislike about Budgyt?

I do not have any dislikes as I have been using the software for three years. Review collected by and hosted on G2.com.

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

Budgyt allows me to look at variances between years while working on a new budget and the ease of changing the budget amounts is very helpful! The main problem that Budgyt has solved for me is the removal of using an inherited Excel spreadsheet for analysis on a montlhy and yearly basis that did not provide accurate data. Now that I have been using the software for several years, I can review reports and analyze two years of data by using the visulizations through reporting. It has also allowed me to provide charts for presentations to allow management to view and make decisions quicker. Review collected by and hosted on G2.com.

Mark D.
MD
Business Manager
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Budgyt?

As a Financial Controller I depend on Budgyt for my monthly variance analysis and can easily drill down to understand the reasons for variances versus the budget. It integrates beautifully with QuickBooks, down to the transaction level. Non-accounting users can see the same information and can manage their budgets more effectively. Budgyt has also been a superb tool for developing the annual budget, especially for payroll and benefits. The support is great. Review collected by and hosted on G2.com.

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. Review collected by and hosted on G2.com.

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

budgeting, reporting, actual versuse budget analysis, forecasting Review collected by and hosted on G2.com.

Annmarie M.
AM
Director of Finance
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
(Original )Information
What do you like best about Budgyt?

I like the simplicity and still meets the needs of my organization Review collected by and hosted on G2.com.

What do you dislike about Budgyt?

Due to our data size, the refresh after entering data takes long Review collected by and hosted on G2.com.

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

I am able to give access to managers in the organization so they can enter budget data and also be able to see their budget Vs actual Review collected by and hosted on G2.com.

Response from James McCoy of Budgyt
(Original )

Hi Annmarie, Thank you for the feedback. In reviewing your setup you have 54 scenarios and if you remove some of the older ones from 2018, 2019 and 2020 the site will perform faster. most of our users keep about 4-10 scenarios for their most recent years.

Chinh P.
CP
COO
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
(Original )Information
What do you like best about Budgyt?

The user interface is very intuitive. Input data like Excel so very quick and easy to onboard. The core features for finance planning and analysis are there. Ability to build quickly multiple scenarios by using formulas, shortcuts etc...and ability to compare actuals vs rolling forecasts and budgets. Integrate any Charts of Accounts. Multi entities, Multi currencies. P&L, Balance Sheet, Cashflow statements available on the fly! Review collected by and hosted on G2.com.

What do you dislike about Budgyt?

Missing APIs. But it's coming. The use of CSV template and FTP is right now a nice and simple work around. Review collected by and hosted on G2.com.

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

Budgeting,forecasting and analysis. Budgyt provides a standard framework and layout to do proper budgeting, forecasting and analysis. Review collected by and hosted on G2.com.

Response from James McCoy of Budgyt

Hi Chinh, Yes we are focused on creating APIs with all the major accounting softwares with a 3rd party. We will have Business Central, Sage Intacct, Netsuite for both P&L and Balance Sheet forecasting with Accruals and automated Cash Flow Forecasting using our Double Entry configuration. The API will automatically import and create your actual hierarchy from your COA, your Department Structure and any dimensions with no limits on number of Dimensions, Accounts or Departments. We aim to have this in the Summer 2024.

Verified User in Hospital & Health Care
IH
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Budgyt?

We've been using Budgyt for the past two plus years, and it has completely transformed the way we manage our budgeting process. As a mid-sized organisation, managing our budgeting process used to be a time-consuming task. However, Budgyt has streamlined everything, making it efficient and straightforward.The interface is quite intuitive and user-friendly.

The customer support team has been exceptional, guiding us through the initial setup and providing ongoing assistance whenever we need it. They’ve truly made the transition to Budgyt platform smooth and hassle-free. I recommend this platform to any organisation looking to uplift their budgeting and planning capabilities. Review collected by and hosted on G2.com.

What do you dislike about Budgyt?

We haven't had any negative experiences so far Review collected by and hosted on G2.com.

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

The interface is intuitive and end user-friendly, making it easy to track our actuals against budgeted

Easily create, manage, and adjust budgets across multiple departments

Microsoft Excel connectivity via Import function Review collected by and hosted on G2.com.