XLerant

BudgetPak

by XLerant

5 / 5 12 reviews

Who Uses This Software?

Mid-sized and large organizations and higher education institutions.


Average Ratings

  • 5 / 5
    Overall
  • 4.5 / 5
    Ease of Use
  • 5 / 5
    Customer Service

Product Details

  • Starting Price
    $20,000/one-time/user
  • Free Demo
    Yes
  • Deployment
    Web Based
  • Training
    Documentation
    Webinars
    Live Online
    In Person
  • Support
    Online
    Business Hours

Vendor Details

  • XLerant
  • www.xlerant.com
  • Founded 2005

About This Software

XLerant is a SaaS company that builds and implements practical and powerful budget software for mid-sized organizations and higher education institutions. BudgetPak's intuitive user experience designed for non-financial department heads provides maximum user flexibility and financial controls. This Culture of Budget Accountability results in improved communication, greater ownership of the numbers and increased transparency enabling companies to better manage financial performance.


Features Checklist

  • "What If" Scenarios
  • Balance Sheet
  • Capital Asset Planning
  • Cash Management
  • Consolidation / Roll-Up
  • Forecasting
  • General Ledger
  • Income Statements
  • Multi-Company
  • Multi-Department / Project
  • Profit / Loss Statement
  • Project Budgeting
  • Run Rate Tracking
  • Version Control

Product Reviews

Review This Product!

Massachusetts School of Professional Psychology

5 / 5
Overall
5 / 5
Ease of Use
5 / 5
Customer Service

Comments: We wanted a system that not only could provide us with control over the budgeting process, but a system that could help us with forecasting the bottom line at the end of the year. Not only did BudgetPak meet those needs, we can now create a forecast in a few hours instead of a few days using Excel spreadsheets.

, Associate Vice President of Finance at MSPP

Meeting Goals with BudgetPak

4 / 5
Overall
4 / 5
Ease of Use
4 / 5
Customer Service

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.

, Director of Budgeting at Union County College

Addison Group Review

5 / 5
Overall
4 / 5
Ease of Use
5 / 5
Customer Service

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.

, Manager of FP&A at Addison Group

Bunker Hill Review

5 / 5
Overall
5 / 5
Ease of Use
5 / 5
Customer Service

Pros: Ease of use
Intuitive approach
More accurate budgeting
More efficient process
Improved communication
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.

, Director of FIscal Affairs & Central Services at Bunker HIll Community College

BudgetPak Review

5 / 5
Overall
5 / 5
Ease of Use
5 / 5
Customer Service

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.

, CFO at Long Term Care Partners LLC

Budgetpak is a powerful and easy to use budgeting tool

5 / 5
Overall
5 / 5
Ease of Use
5 / 5
Customer Service

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.

, Finance Manager at SMSC

General Administrator

4 / 5
Overall
3 / 5
Ease of Use
5 / 5
Customer Service

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

, Manager, Corp. accounting at EMCOR Group Inc.

Love that BudgetPak

5 / 5
Overall
5 / 5
Ease of Use
5 / 5
Customer Service

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.

, Associate Director, Center for Advocacy and Care at Baptist General Convention of Texas

BudgetPak is robust AND easy to use

5 / 5
Overall
5 / 5
Ease of Use
5 / 5
Customer Service

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.

, Director of Information Technology at Baptist General Convention of Texas

User friendly budgeting

5 / 5
Overall
5 / 5
Ease of Use
5 / 5
Customer Service

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.

, Treasurer/CFO at Baptist General Convention of Texas

Outstanding Product!!

5 / 5
Overall
5 / 5
Ease of Use
5 / 5
Customer Service

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.

, General Ledger Manager at Baptist General Convention of Teaxs

BudgetPak is easy to implement and is very user friendly.

5 / 5
Overall
5 / 5
Ease of Use
5 / 5
Customer Service

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.

, L&A OG Manager, Budgets at BAE Systems