Karandeep V
What is Budgyt?
Budgyt is a cost-efficient multi-user and multi-department budgeting platform based on the cloud. It is a secure platform from which, small & medium businesses and large enterprises can manage their budgeting process seamlessly.
As Budgyt strives to be a user-friendly budgeting platform, it incorporates reporting features, built-in calculators, and a QuickBooks online API. Budgyt software is primarily developed to eliminate and replace manually created formatted budget spreadsheets.
Budgyt has continually improved different features such as links, reports, and formulas to enable the generation of audit-ready budgets.
Budgyt offers a plethora of cutting-edge features which include formula inputs, search navigation, and version control to improve productivity. The platform ensures secure data management with defined layer access points and user permissions.
Vendor Details
- Company: Budgyt
- Website: https://budgyt.com/
- Founded in 2014
- Country of origin: United States of America
Budgyt Key Metrics
Historical data
Budgyt enables users to swiftly access their historical data with hyperlinking. Users can dive deep into general ledger data at the transactional level.
Dashboards
The visually appealing dashboards enable users to glance through their budgets in different ways such as:
- Profit and loss (P&L) by cost center
- P&L by period
- Budget comparison
- Custom reports
Multi P&L
Budgyt simplifies multi-P&L budgeting by consolidating based on department, sub-department, and entity by creating a hyper-linking environment.
Single data entry point
For ease of use, navigation, and learning, user data can be controlled from a single place. Users can add vendor notes and descriptions to any detail line as a reference point. The built-in spreading tools make it extremely easy to enter data within seconds.
Formatted reports
All the reports generated can be exported to Excel. These reports are formatted by:
- Company
- Department
- Super header
- Header
- Category
- Sub-category
- Non-financial category
- Category notes
- User permissions
Reports are generated and distributed to users based on the nature of their permissions.
Versions
This feature allows users to create endless versions of their budgets. Access to each version can be controlled.
Multi-department formulas
Budgyt’s formulas are primarily created to cater to the structural changes in multiple department business units. Formulas can be created smoothly and are easy to navigate. Users do not need to learn syntax or codes.
User permissions
Users have complete control over their data by providing access to only relevant users.
Budgyt Important Features
Budgeting
- Cash management
- Forecasting
- Multi-department/project
- Version control
- Asset management
- General ledger
- Multi-company
- Consolidation/roll-up
- Profit/loss statement
- “What If” scenarios
Financial reporting
- “What If” scenarios
- Audit trail
- Cash management
- Access controls/permissions
- Profit/loss statement
- General ledger
- Multi-company
Budgyt Pricing
Budgyt offers different pricing plans for “For-profit” and “Nonprofit” organizations.
For-Profit
- Easy
Ideal for: Small businesses and startups
Price: $239 per month
What’s included?
- 5 departments
- Unlimited users
- Additional department cost – $15 per month
For more information, visit the vendor’s website.
- Plus
Ideal for: Small-medium sized businesses
Price: $ 479 per month
What’s included?
- 20 departments
- Unlimited users
- Additional department cost – $10 per month
For more information, visit the vendor’s website.
- Pro
Ideal for: Large businesses
Price: $ 838 per month
What’s included?
- 50 departments
- Unlimited users
- Additional department cost – $5 per month.
For more information, visit the vendor’s website.
- Enterprise
Ideal for: Large businesses
Price: custom pricing
Non-profit
- Easy
Ideal for: Small non-profit organizations with limited departments.
Price: $ 239 per month
- Plus
Ideal for larger non-profit organizations with several departments.
Price: $ 599 per month
Budgyt Pros and Cons
- One of the best alternatives to Excel budgeting
- Replaces error-prone and labor-intensive spreadsheet budgeting tasks.
- Can be easily understood by non-financial users.
- Integrations ensure that financial data can be imported automatically.
- Has a clear user interface.
- Easy to input data and create numerous budgets.
- Understanding and calculating formulas can take time.
- Large reports can take up to 2 minutes to run.
- Exchange rate management feature for multi-currency firms
- Tables and reports can be hard to read on devices with small screens.
- Reporting tools could be more responsive.
Budgyt Integrations
- Quickbooks Online
- Xero
- ConnectWise
Budgyt Specifications
Free trial – Yes
Free version – No
Deployment
- Cloud, SaaS, Web-based
Training
- In person
- Webinars
- Video tutorials
- Documentation
Typical customers
- Small-sized businesses
- Medium-sized businesses
- Large businesses
Budgyt pricing (monthly)
for-profit businesses
- Easy: $239
- Plus: $479
- Pro: $838
- Enterprise: Custom pricing
for non-profit businesses
- Easy: $239
- Plus: $599
Languages supported
- English
Budgyt support
- Email/help desk
- FAQs/forums
- Knowledge base
- Phone support
- 24/7 (live rep)
- Chat
Budgyt Alternatives
- Adaptive Planning
- Sage Intacct
- Planning Maestro
- CCH Tagetik
- Planful
- OnPlan
- Quickbooks Online
- Limelight
- Prophix
- Jedox
- BOARD
- XLReporting
- MartusTools
- BudgetPak
