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Budgyt Reviews & Product Details - Page 3

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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Budgyt Community
Languages Supported
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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
118 Twitter followers
LinkedIn® Page
www.linkedin.com
22 employees on LinkedIn®
Description

Budgyt is a cloud-based budgeting and financial planning platform designed to help businesses simplify and automate their budgeting process. With tools for creating, managing, and tracking budgets, Budgyt enables organizations to collaborate, make data-driven decisions, and gain better control over their financial performance. The platform integrates with accounting systems to provide real-time insights, ensuring accuracy and alignment across teams. Budgyt is ideal for businesses looking to improve their financial planning and streamline budgeting workflows.


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

Recent Budgyt Reviews

Verified User
U
Verified UserSmall-Business (50 or fewer emp.)
5.0 out of 5
"Flexible customization"
The support is top notch. I was not sure that Budgyt would work for me however, James was able to create some formulas to help support our needs.
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
Security Badge
This seller hasn't added their security information yet. Let them know that you'd like them to add it.
4 people requested security information

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

86 Budgyt Reviews

4.8 out of 5
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86 Budgyt Reviews
4.8 out of 5
86 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.
Verified User in Sports
AS
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Budgyt?

Flexibilty to adapt to a chart of accounts with multiple programs, competitions and events reporting actuals to budget.

Provides for a decentralsed budeting tool that can be rolled up to the account level. Review collected by and hosted on G2.com.

What do you dislike about Budgyt?

Not many dislikes to report, but would like realtime sync. Review collected by and hosted on G2.com.

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

Reporting for each program, event and competition. Review collected by and hosted on G2.com.

Tara W.
TW
Business Manager
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
(Original )Information
What do you like best about Budgyt?

Budgyt works with our accounting software and every user can easily add their variance comments real time. Review collected by and hosted on G2.com.

What do you dislike about Budgyt?

Sometimes it's a little difficult to remember where you go to see comments. Review collected by and hosted on G2.com.

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

No more keeping track of budget spreadsheets for each department. Budgets are now all in one place with easy access by departments leads. Review collected by and hosted on G2.com.

MN
Controller
Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: G2 invite
Incentivized Review
(Original )Information
What do you like best about Budgyt?

I like the ability to import and export data with ease, run reports, and just how easy it is to use. Review collected by and hosted on G2.com.

What do you dislike about Budgyt?

The import/export function takes little time, but if I had a suggestion, it would be to have the ability to have a direct connection to our accounting software. Review collected by and hosted on G2.com.

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

The ability to create multiple budgets and forecasts within the software. Before budgyt, it was all done in spreadsheet format, which was both time-consuming and inefficient. Review collected by and hosted on G2.com.

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

I like the simplicity and as a nonprofit I am able to customize the system Review collected by and hosted on G2.com.

What do you dislike about Budgyt?

N/A. There is really nothing I dislike about the product Review collected by and hosted on G2.com.

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

The reporting for consolidation Review collected by and hosted on G2.com.

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

I enjoy the countless formats you can splice your income statements. I enjoy the ease of combining varying departments within an income statement, and isolating specific departments. I also enjoy the ease of combining multiple entities together into one report (an entity per column, for example). The consistency of the rows of data amongst an entity's report also enables me to copy/paste additional columns of data from other reports within Budgyt (very easily and readily creating my own version of a report not available in budgyt).

Our organization also enjoys the ability to copy data from a previous period or scenario, into a new budgeting scenario for a prospective period. It's helpful to not have to start from sratch each year with descriptions and/or amounts.

Customer support is prompt in replying to our questions when we are having issues, and their explanations are sufficient to enable us to understand the problem and prevent it on go-forwards.

We use this program nearly every day, and it's greatly improved our efficiency and quality of reports we provide as financial accountants. Review collected by and hosted on G2.com.

What do you dislike about Budgyt?

Our complaints are pretty limited!

(1) The latest update hasn't allowed us to wholly remove %'s from one of the reports. It removes % of totals but not the % variances. It would be nice if there were 4 tiers of options instead.

option 1. entirely remove % from reports

option 2. only % of total showing

option 3. only % of variances showing

option 4. both % options from 2/3 above showing

We are now removing information from reports exported to excel as the program doesn't have an option to remove the % option wholly/entirely.

(2) We would love the option to copy 'phrasing only' from a scenario into a prospective new budgeting scenario. It's very possible this is an option, but we haven't figured this out yet! Review collected by and hosted on G2.com.

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

Combining and consolidating income statements ---- Its far more efficient in the Budgyt program than an excel doc we formerly used that continuously crashes and has the dreaded #REFs.

More transparent data for users of financial statements ---- users who have access to Budgyt can now view / drill down into their financial statements when they're curious of a number. ---these same users also refer to their budgets more frequently than they did when they were all in excel.

More impressive, consistent, and helpful presentations --- the flipping of data on it's head to showcase numbers in various formats is useful for different users of the income statements. Review collected by and hosted on G2.com.

Response from James McCoy of Budgyt

Hi, we coupled the variance check box to include dollar and % variances. We do have the other options you desire. We will look into creating an option to hid the variance %.

ZT
Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: Seller invite
Incentivized Review
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 avaliable 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 familar with the software. This allows us to us all fuctions 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
AC
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
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.

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

Easy comparaison between scenarios. Review collected by and hosted on G2.com.

KD
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
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 doesnt interact with Payroll system or Accounting system. I have to import data into the tool myself. Review collected by and hosted on G2.com.

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

Helps divisions review their individual budgets in a clean format. Review collected by and hosted on G2.com.

Verified User in Recreational Facilities and Services
AR
Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: Seller invite
Incentivized Review
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.

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

We can EASILY forecast monthly now so can bet a better picture of the year ahead, and even will try 12 month rolling forecast. Review collected by and hosted on G2.com.

BF
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
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.

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

The ability to model across multiple business units for us and multiple counties in various currencies Review collected by and hosted on G2.com.