Budgyt Review - why 4.9 stars?

Budgyt Review
ITQlick Score: 89/100
ITQlick Rating: (4.9/5)
Pricing: 3/10 - low cost
Category: Budgeting & CPM -> Budgyt
Ranking:Ranked 3 out of 50 Budgeting & CPM systems
Company: Budgyt
Pricing: starts at $399 per month
Typical customers: SMBs
Platforms: Cloud
Links: Budgyt pricing, Budgyt alternatives

Shlomi LaviShlomi Lavi / updated: May 06, 2022

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What is Budgyt?

Budgyt is a cloud-based accounting software that enables administrators to manage structural changes made across multiple departments within their organization, as well as determining what data is used for budgetary processes. It also allows them to control information access based on criteria such as department and region, as well as to manage employee payroll and time plan.

The highlight features of Budgyt include single data entry point, hyperlinked budget data, budget version, and multi-department formulas. Budgyt is a private internet company that was founded in 2013; it has its base in New York, USA, and currently has a workforce of 10 employees.


What is Budgyt rating?

The rating of Budgyt is 4.9 stars out of 5 and the total score is 89 out of 100. The ratings are based on our unbiased experts. Learn more in our rating methodology page

Who uses Budgyt?

The typical customers include the following business size: SMBs.

Is Budgyt the best Budgeting & CPM system?

Budgyt is ranked 3 out of 50 software in their category (Budgeting & CPM systems).

What are Budgyt's pros? (3 Pros)

  • Budgyt is easy to set up
  • Users can import and export data to and from Microsoft GP
  • The software makes it easy for users to build budgets

What are Budgyt's cons? (2 cons)

  • The reporting features are lacking
  • Some users have experienced slowness within the reporting function of this software

Who are their main alternatives?

Budgyt competes with other budgeting and CPM systems like Spendesk, Planful, and Board. We will compare these budgeting and CPM systems in some specific aspects below.
  • Functionality: Budgyt offers features like Dashboards, Historical Data, Intuitive UI/UX, Multi P&L, Single Data Entry Point, Instant Navigation, Perfectly Formatted Reports, Versions, Images, Multi-Department Formulas, Approval Process & Workflow, etc. Spendesk offers features like Virtual & Physical Cards, Supplier Invoice Tracking, Expense Tracking & Reimbursement, Custom Accounting Exports, Multi-Steps Approval Flows, Control Dashboard Reporting, Purchase Orders Tracking, Spend Trends Dashboard Reporting, etc. Planful offers features like Structured Planning, Dynamic Planning, Consolidation, Reporting (available in Spendesk), Collaboration & Workflow, Workforce Planning, Planning, Budgeting & Forecasting, Cash Flow Forecasting, Scenario Analysis, Monthly Close & Consolidation, etc. Board offers features like Cloud or On-premise, Analysis, Planning (available in Planful), Business Modeling, Workflow (available in Planful), Mobile data entry, ERP Database Write-back, Real-time Modeling, Time awareness, Single logical view of corporate data, etc.
  • Customers/Industries: Budgyt has customers like NY Athletic Club, E-Mazzanti Technologies, ASCA, Fortnite, John Varvatos, Shoreline Church, Jack-In-The-Box, Texas Stars, Jay Godfrey, Fulmer & Company, Sierra Nevada, United Way, TriOS College, The World Games 2022, etc. Spendesk has customers like Moneybox, Silverfin, MentionMe, November, Botify, Habito, Koru Kids, rent24, Seedrs, Tier Mobility, OnTheGo, Birchbox, Birchbox, Bossa Studios, BSG expense, etc. Planful targets Manufacturing, Services, Life Sciences/Biotech, Technology, SaaS, Non-profit, Energy & Chemicals, Investment, Sports, Retail, Transportation, etc. Customers using Planful are Norske Skog, Planar, Foundation Building Materials, Augusta Sportswear, LT Apparel Group, APCO Holdings, LLC, Pacolet Milliken Enterprises, etc. Board targets Retail, Professional Services, Automotive, CPG, Agriculture & Farming, Construction, Manufacturing, Oil & Gas, Legal, Food & Beverage, Government & Education, Etc. Customers Using Board Are Coca-Cola, KPMG, Puma, Telegraph Media Group, Eni Gas & Power, Hapag-Lloyd, Toyota, Volkswagen, KFC, Acea, etc.
  • Cost: Budgyt starts at $399 per month on annual billing and $478 monthly with a free trial. The license cost for Planful, Board, and Spendesk is unavailable.
  • Cloud-based/On-premise: Budgyt and all its alternatives are cloud-based. Board has an On-Premise version for Windows and Linux.
  • Scalability: Budgyt and all its alternatives can accommodate organizations of all sizes.
  • Support: Budgyt and Board offer support channels like Email/Help Desk, FAQs/Forum, Knowledge Base, Phone Support, 24/7 (Live Rep), and Chat. Spendesk offers an Email/Help Desk, FAQs/Forum, Knowledge Base, Phone Support, and Chat. Planful offers all channels of Spendesk except Chat.

What is the cost of Budgyt?

Budgyt offers three license pricing options; Easy, Plus, And Pro.
  • Easy starts at $399 per month on annual billing and $478 monthly.
  • Plus starts at $699 per month on annual billing and $838 monthly.
  • Pro starts at $999 per month on annual billing and $1198 monthly.
Pro comes with up to 10 Departments, Unlimited Users, HR & Payroll Module, Excel Linking, User Permissions, Dimensions Feature, etc. Plus comes with everything in Easy plus Up to 25 Departments. Pro comes with everything in PLUS including Up to 50 Departments, 4 Hour Support Response Rate, and a Dedicated Success Manager.

What is the REAL total cost of implementation? on top of the total cost of licenses which is easy to calculate you need to add the cost of training, customization, data migration, and other "hidden cost". ITQlick pricing score is 3 out of 10 (10 is most expensive). You can fine here the REAL total cost breakdown for Budgyt. You can also find here pricing information from Budgyt's website.

What should you ask Budgyt during a demo session? (65 questions)

Schedule a demo with Budgyt and access 65 must ask questions for the vendor while watching Budgyt in action.

Where Budgyt is used?

Budgyt is a good option for organizations looking for a budgeting platform that provides SMBs and large corporations with a single, secure platform to handle the complete budgeting process. Customers of the program include Oregon State University, Jewish Voice for Peace, Jefferson County, Ivey Mechanical, Evelyn & Walter HAAS JR Fund, Duclaw Brewing, Clara Analytics, M/I Homes, Luna Grill, Habitat for Humanity, etc.

List of categories

Budgeting & CPM
Financial reporting
Project Forecasting

Budgyt Vs. Alternatives

ITQlick rating
Score
Pricing
License pricing
Functionality
Review
Compare
Budgyt
ITQlick rating
4.9/5
Score
89/100
Pricing
3/10
License pricing
$399 per month
Functionality
3
Review
Compare
Adaptive
ITQlick rating
4.5/5
Score
94/100
Pricing
8/10
License pricing
$15,000 per license
Functionality
28
Neubrain
ITQlick rating
3.8/5
Score
92/100
Pricing
4/10
License pricing
$10,000 per license
Functionality
17
PlanGuru
ITQlick rating
4.2/5
Score
87/100
Pricing
2.8/10
License pricing
$99 per month
Functionality
22
Sage
ITQlick rating
4/5
Score
87/100
Pricing
2.4/10
License pricing
$45 per month
Functionality
4
Review
Author

Shlomi Lavi

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Shlomi holds a Bachelor of Science (B.Sc.) in Information System Engineering from Ben Gurion University in Israel. Shlomi brings 15 years of global IT and IS management experience as a consultant, and implementation expert for small, medium and large size (global) companies.