Meeting Goals with BudgetPak
Reviewed on February 20, 2014 by Donna Farlow, Director of Budgeting at Union County College
Comments: The College takes a bottom up approach to developing the annual budget. Budget Managers are expected to develop a plan that establishes their Strategic Planning Goals and Objectives for the department that is linked to the College¿s plan then determine the expenses (and for some departments) revenue associated with achieving their plan. Excel and paper worksheets were unable to satisfy this basic requirement or our other long term goals of monthly budget details, periodic forecasting updates, and 5-year planning. BudgetPak has allowed us to document the line item requests and link them to department plans as well as establishing monthly budgets by line item. Budget Managers were surprised and delighted by the ease with which they were able to create, document and review their budgets as well as run reports which quickly compared their newest requests to prior budget or actual periods. The executives and I now spend our time making decisions based on quickly summarized data which is fully owned and supported by the Budget Managers.
Addison Group Review
Reviewed on December 20, 2013 by Kim Armstrong, Manager of FP&A at Addison Group
Comments: Creating spreadsheet budgets is not the best use of our finance team¿s time, but until we found BudgetPak, it was necessary. Our team was able to master the budget set-up tools in BudgetPak with very little training and with the XLerant product in place, we can now spend time focusing on higher value tasks. What we love about XLerant is it gives our managers the tools to transform their department-specific knowledge into a budget they can understand and own.
Bunker Hill Review
Reviewed on February 13, 2012 by Jeff Ginsberg, Director of FIscal Affairs & Central Services at Bunker HIll Community College
Pros: Ease of use
More accurate budgeting
More efficient process
Easy access to previous versions
More accountability from managers
Minimal internal IT resources needed (personnel)
Excellent customer service
Cons: I have nothing negative to say about this product.
Overall: I would recopmmend this product over any other product that claims to manage and develop the budget process. There is no comparison out there and this is hands down the best purchase I have made in my 11 years as Budget Director.
Reviewed on January 30, 2012 by Linda Roth, CFO at Long Term Care Partners LLC
Pros: BudgetPak is an easy to implement, easy to use budgeting software. Department managers with little budgeting experience are walked through the budgeting process step by step, in a manner similar to Turbo Tax.
Cons: Minor issues with headcount changes
Overall: I recommend BudgetPak as an affordable, easy to use replacement of Excel oriented budgeting.
Budgetpak is a powerful and easy to use budgeting tool
Reviewed on July 16, 2009 by Michael Carey, Finance Manager at SMSC
Pros: Real-time rollups, version control, auditability, integrated headcount and capital budgeting. Simple and straightforward from an end-user standpoint, but the real benefit will be to your company's finance team responsible for the overall budgeting process. Easy to configure to your company's needs and powerful in that it always enables you to know where your end-users are in their process and provide real-time updates and snapshots to senior management.
Cons: On-the-fly configuration changes often require a system "reinitialization" which requires the software be taken offline for a short period of time. Can be done off-hours, but in an international company with users all over the world, this can be inconvenient.
Overall: Strongly recommended. Provides us the functionality we require, coupled with a user experience that requires virtaully no training. A very solid product.
Reviewed on July 16, 2009 by Hazel Canning, Manager, Corp. accounting at EMCOR Group Inc.
Pros: Ease of use for users. More visibility for department heads which leads to better decision making
Cons: Limitations in forecast mode. A little complicated for administrator. Lacks instructional manual for administrator.
Overall: Very good budgeting tool
Love that BudgetPak
Reviewed on July 15, 2009 by Ferrell Foster, Associate Director, Center for Advocacy and Care at Baptist General Convention of Texas
Pros: We used a customized Access approach in the past that was terribly cumbersome and counter-intuitive. BudgetPak is just the opposite. This is our second year with it. I loved it from the start and still do.
Cons: No cons to report
Overall: I'm a user so I don't know about the back end, but the front end is great.
BudgetPak is robust AND easy to use
Reviewed on July 09, 2009 by Dave Lyons, Director of Information Technology at Baptist General Convention of Texas
Pros: Even users challenged to use Excel understand BudgetPak
Very easy from IT's perspective to install, maintain, and load updates
Great for what-if scenarios
Robust headcount management
Multiple ways to budget - by month, by headcount, by monthly spreading, by percent increase or decrease, etc.
Very useful and intuitive reporting
Smooth interfaces to external sources and our GL system
Cons: BudgetPak is unavailable when Accounting performs maintenance. Not any real problems!
Overall: Very useful for all sizes of organizations. We examined all of the top Gartner-recommended products, and this was by far the easiest for our staff to understand and be proficient with.
User friendly budgeting
Reviewed on July 09, 2009 by Jill Larsen, Treasurer/CFO at Baptist General Convention of Texas
Pros: BudgetPak is an easy to use, robust budgeting tool for organizations.
*Budget users love it
*Provides transparent payroll budgeting for the budgeting manager
*Security provides different levels of access for users
*Organization wide reports are easy to produce
*Excellent visibility of comparative data - both budgets and actuals
*Ability to spread budget based on several easy to use methodologies
Cons: Wish they made more software products!
Overall: This is an excellent product. We compared several budgeting software packages before selecting BudgetPak. We have 40 cost centers and almost 100 users. This software has made our budget process more transparent & more efficient. We could not be happier.
Reviewed on July 09, 2009 by Dee Boyd, General Ledger Manager at Baptist General Convention of Teaxs
Pros: BudgetPak is amazing, our organization with over 50 centers and 275 employees finds it "user friendly" and very intuitive. The reporting is versatile and exportable. The tech support area is prompt, helpful and answers even the smallest of questions with courtesy and professionalism. All tuitorials are detailed with screenshots and great directions. One of the best software purchases!!!
Cons: Nothing comes to mind - any problems we have encountered have been dealt with promptly with detailed instructions.
Overall: Excellent product - you will not regret the purchase.
BudgetPak is easy to implement and is very user friendly.
Reviewed on July 09, 2009 by Ngoc Nguyen, L&A OG Manager, Budgets at BAE Systems
Pros: In 2008 our Company (at one of the Operating Group Headquarters location) was looking for a budgeting software tool to replace our Excel workbooks to prepare our annual budget and forecast. After considering 6 different budgeting software packages BudgetPak was the clear winner for the ease of implementation, but more importantly, how user friendly it is. You are not required to be a finance person to use it. During the initial demonstration I had various internal users (VP, Director, Manager) participate in addition to myself who is a Finance person with lots of software experience. I wanted my internal users to feel comfortable with BudgetPak and not to be intimidated. It was also their feedback that made the decision easy to select BudgetPak. For the features, performance, and robustness I am getting for BudgetPak and the price to implement and maintain it BudgetPak has the edge over its competitor.
Cons: The vanilla canned reports that came with BudgetPak are good, but I would like to see more custom reports or more ways for me to build custom reports. I plan to work with BudgetPak to enhance reports in future version releases.
Overall: Get rid of those Excel workbooks and macros you currently use for budgeting. BudgetPak makes it easy to budget and forecast for any users. We went through a realign of our HQ office in early 2009. BudgetPak made it easy to make those changes quickly and consolidation was a snap with great audit trails.