Budgyt

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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


PROS:
  • 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.

CONS:
  • 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


 

Free Trial
Supported Devices
Windows
Linux
Android
iPhone/iPad
Mac
Web-based
Deployment
Cloud Hosted
Cloud, SaaS, Web
Mobile – Android Native
Mobile – iOS Native
On Premise
Open API
Language Support
English
Hindi
Spanish
French
Russian
Italian
Dutch
Danish
Polish
Turkish
Swedish
Pricing Model
Monthly payment
Annual Subscription
Quote-based
Training
Documentation
Webinars
In Person
Live Online
Customer Types
Small Business
Medium Enterprises
Large Corporations
Freelancers
Medium Business
Support
Online
Business Hours
24/7 (Live Rep)
Features
Email Marketing
Landing Pages
Marketing Automation
Webinars
CRM
Autoresponders
Integration
Design
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Usability
8
Support
9
Price
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