BudgetPak by XLerant Software


BudgetPak by XLerant is a cloud-based Accounting solution that offers stand-alone Budgeting and Forecasting, as well as integrated Financial Reporting. It’s suited for midsize to large organizations in a variety of industries including Property Management, Education, Insurance, and more.

XLerant’s Budgeting capabilities can be customized to an organization’s unique needs, and self-service reporting allows users to produce their own reports and send them to Excel, PDF, or directly to print. The Forecasting functionality allows finance teams to share high-level or detailed forecasts with their employees, and users can make adjustments based on constraints setup up by management. XLerant’s Financial Reporting tool offers real time, bi-directional linkage with Excel in order to exchange data. Dashboards can be customized using pre-defined charts and graphs, and guided what-if analysis gives users insight into the impact of variables on a completed budget.



21 Reviews of BudgetPak by XLerant

Overall rating

4.5 / 5 stars

Showing 1 - 20 of 21 reviews

October 2018

Catherine from NJM Insurance Group

Company Size: 1,001-5,000 employees

Review Source: Capterra


Ease-of-use

5 of 5

Value for money

5 of 5

Customer support

5 of 5

Functionality

5 of 5

October 2018

Cathy's review

We are a large property/casualty insurance company with 23 departments. Departments are more aware of what they are spending and are looking for ways to control their costs. End users have spoken very highly and favorably of the product. They are fully engaged and more accountable with their own budgets and feel more involved in the overall budgeting process for the company.

Pros

BudgetPak is a cloud based software, user friendly and easy to use for the non-financial user.

Cons

As Administrators, when you make changes in your company configuration, the Validation and Initialization process can take at least 1 hour or more to run. While this is happening, no other end users are able to see or work on their budgets since system is under maintenance.

October 2018

Karen from NJM Insurance Group

Company Size: 1,001-5,000 employees

Review Source: Capterra


Ease-of-use

5 of 5

Value for money

5 of 5

Customer support

5 of 5

Functionality

4 of 5

October 2018

BudgetPak

BudgetPak has made our process more collaborative. It has centralized all the data in one place with easy access.

Pros

We have been able to keep all data in a centralized place and not in Excel. The ease of use for our end users.

Cons

The standard reporting available. We have employed the Excel add-on to facilitate in what we need.

October 2018

Anonymous

Verified Reviewer

Company Size: 51-200 employees

Review Source: Capterra


Ease-of-use

5 of 5

Value for money

5 of 5

Customer support

5 of 5

Functionality

4 of 5

October 2018

Focused on the Budget Owner

Working with the XLerant team has been great. They were very patient with us in the decision process and have been very helpful in getting set up as well. Great team.

Pros

BudgetPak was built with the end user (Budget Holder) in mind. The budget process is a simple step by step process made so that "non-finance" people can easily put their annual plan together. Then, as the finance team, you can use that data to run forecasts and long term projections as often as you need. There are also easy Excel integrations for the finance team to use to pull data or upload data directly to the cloud database.

Cons

I haven't used the software for very long, but I am concerned about the "refresh" or initialization times. But it isn't something that would've pushed me away from the product per se as most other options I saw would require the same thing.

October 2018

Kathy from Carroll College

Company Size: 201-500 employees

Review Source: Capterra


Ease-of-use

3 of 5

Value for money

3 of 5

Customer support

5 of 5

Functionality

4 of 5

October 2018

BudgetPak Beginner

I am attempting to have our College use BudgetPak in the place of budgeting with jut Excel.

Pros

The choice of menus allows users to work with whatever best fits them.

Cons

Terms unique to this software are not translated to the new user. If you are not the one who set up the software, the terms are undefined.

October 2018

Jolene from Advisors Excel

Company Size: 501-1,000 employees

Review Source: Capterra


Ease-of-use

4 of 5

Value for money

4 of 5

Customer support

5 of 5

Functionality

4 of 5

October 2018

Great Software for nonexcel users

The staff has been very helpful, understanding and responsive. They have found solutions for any situation we have brought to their attention, or have taken the suggestions to make future enhancements.

Pros

Our end users have most liked that this software does not look like excel. It is user friendly. The ability to quickly and easily roll up the budgets will be a huge time saver.

Cons

The software does not yet accommodate balance sheet budgeting.

April 2018

Yingxi from Digital Domain

Company Size: 501-1,000 employees

Review Source: Capterra


Ease-of-use

5 of 5

Value for money

5 of 5

Customer support

5 of 5

Functionality

5 of 5

April 2018

Very pleasant

BudgetPak meets our company's need for budgeting purposes.

Pros

The software fits our company's need. The client service (Team) is very responsive. The communication portal (basecamp) is very convenient.

Cons

The software BudgetPak is constantly upgraded with new functions and advanced reports, which well satisfies our company's need for budgeting.

February 2018

Jeremiah from Alliant International University

Review Source: Capterra


Ease-of-use

5 of 5

Value for money

5 of 5

Customer support

5 of 5

Functionality

5 of 5

February 2018

XLerant provides a fantastic software that has greatly improved our budgeting process.

Pros

The customer support. Any time there is a question or concern, the XLerant team quickly responds and assists. When there were areas that the software seemed to be lacking, the support team would troubleshoot and came up with working solutions that improved the software greatly.

Cons

From an administrator standpoint, the software is complicated. It has taken me a bit of time to learn all the options within it. In a way, this is a very positive thing as the system has many features useful to different clients. The only issue is that it becomes difficult to train new system administrators and to know that our institution is using the system to it's full effect.

February 2018

Clint from Oklahoma Christian University

Company Size: 201-500 employees

Review Source: Capterra


Ease-of-use

5 of 5

Value for money

5 of 5

Customer support

5 of 5

Functionality

5 of 5

February 2018

Incredibly useful for establishing dynamic & inclusive ("bottom up" budgeting process

Inclusive budgeting process and much enhanced ability to forecast and deliver needed reports.

Pros

End user experience is easy and intuitive. I especially love the ability to establish monthly budgets which provides a much greater probability for accurate year-end forecasts. The numerous ad hoc reports and MyExcel features are also dynamic and incredibly useful.

Cons

While Xlerant offers wonderful and ready customer service, we still found the installation process very time consuming and quite challenging. Also, you need a person dedicated to the continued administration of this software.

September 2016

Dana from The College of New Jersey

Company Size: 1,001-5,000 employees

Review Source: Capterra


Ease-of-use

4 of 5

Value for money

5 of 5

Customer support

5 of 5

Functionality

4 of 5

September 2016

BudgetPak is a great tool and the customer service and support is outstanding

The training video the BudgetPak staff provided for us was great and we had another successful budget cycle with BudgetPak! Once again we got great feedback from our users on the ease of use of the system.

April 2014

Daniel from MSPP

Review Source: Capterra


Ease-of-use

5 of 5

Customer support

5 of 5

April 2014

Massachusetts School of Professional Psychology

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.

February 2014

Donna from Union County College

Review Source: Capterra


Ease-of-use

4 of 5

Customer support

4 of 5

February 2014

Meeting Goals with BudgetPak

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.

December 2013

Kim from Addison Group

Review Source: Capterra


Ease-of-use

4 of 5

Customer support

5 of 5

December 2013

Addison Group Review

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.

February 2012

Jeff from Bunker HIll Community College

Review Source: Capterra


Ease-of-use

5 of 5

Customer support

5 of 5

February 2012

Bunker Hill Review

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.

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.

January 2012

Linda from Long Term Care Partners LLC

Review Source: Capterra


Ease-of-use

5 of 5

Customer support

5 of 5

January 2012

BudgetPak Review

I recommend BudgetPak as an affordable, easy to use replacement of Excel oriented budgeting.

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

July 2009

Michael from SMSC

Review Source: Capterra


Ease-of-use

5 of 5

Customer support

5 of 5

July 2009

Budgetpak is a powerful and easy to use budgeting tool

Strongly recommended. Provides us the functionality we require, coupled with a user experience that requires virtaully no training. A very solid product.

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.

July 2009

Hazel from EMCOR Group Inc.

Review Source: Capterra


Ease-of-use

3 of 5

Customer support

5 of 5

July 2009

General Administrator

Very good budgeting tool

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.

July 2009

Ferrell from Baptist General Convention of Texas

Review Source: Capterra


Ease-of-use

5 of 5

Customer support

5 of 5

July 2009

Love that BudgetPak

I'm a user so I don't know about the back end, but the front end is great.

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

July 2009

Dave from Baptist General Convention of Texas

Review Source: Capterra


Ease-of-use

5 of 5

Customer support

5 of 5

July 2009

BudgetPak is robust AND easy to use

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.

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!

July 2009

Jill from Baptist General Convention of Texas

Review Source: Capterra


Ease-of-use

5 of 5

Customer support

5 of 5

July 2009

User friendly budgeting

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.

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!

July 2009

Dee from Baptist General Convention of Teaxs

Review Source: Capterra


Ease-of-use

5 of 5

Customer support

5 of 5

July 2009

Outstanding Product!!

Excellent product - you will not regret the purchase.

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.