BudgetPak by XLerant software


16 reviews(5.0/5)
16 reviews(5.0/5)

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.

Supported Operating System(s):
Mac OS , Web browser (OS agnostic) , Windows 8 , Windows 10

16 Reviews of BudgetPak by XLerant

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  • Yingxi from Digital Domain

    Number of employees: 501-1,000 employees

    April 2018

    Very pleasant

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money

    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.

    This review was submitted organically. No incentive was offered
    Review Source: Capterra
  • Jeremiah from Alliant International University

    February 2018

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

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money
    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.

    This review was submitted organically. No incentive was offered
    Review Source: Capterra
  • Clint from Oklahoma Christian University

    Number of employees: 201-500 employees

    February 2018

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

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money

    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.

    This review was submitted organically. No incentive was offered
    Review Source: Capterra
  • Dana from The College of New Jersey

    Number of employees: 1,001-5,000 employees

    September 2016

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

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money

    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.

    Review Source: Capterra
  • Daniel from MSPP

    April 2014

    Massachusetts School of Professional Psychology

    Ease-of-use
    Quality
    Support

    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.

    Review Source: Capterra
  • Donna from Union County College

    February 2014

    Meeting Goals with BudgetPak

    Ease-of-use
    Quality
    Support

    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.

    Review Source: Capterra
  • Kim from Addison Group

    December 2013

    Addison Group Review

    Ease-of-use
    Quality
    Support

    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.

    Review Source: Capterra
  • Jeff from Bunker HIll Community College

    February 2012

    Bunker Hill Review

    Ease-of-use
    Quality
    Support

    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.

    Review Source: Capterra
  • Linda from Long Term Care Partners LLC

    January 2012

    BudgetPak Review

    Ease-of-use
    Quality
    Support

    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

    Review Source: Capterra
  • Michael from SMSC

    July 2009

    Budgetpak is a powerful and easy to use budgeting tool

    Ease-of-use
    Quality
    Support

    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.

    Review Source: Capterra
  • Hazel from EMCOR Group Inc.

    July 2009

    General Administrator

    Ease-of-use
    Quality
    Support

    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.

    Review Source: Capterra
  • Ferrell from Baptist General Convention of Texas

    July 2009

    Love that BudgetPak

    Ease-of-use
    Quality
    Support

    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

    Review Source: Capterra
  • Dave from Baptist General Convention of Texas

    July 2009

    BudgetPak is robust AND easy to use

    Ease-of-use
    Quality
    Support

    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!

    Review Source: Capterra
  • Jill from Baptist General Convention of Texas

    July 2009

    User friendly budgeting

    Ease-of-use
    Quality
    Support

    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!

    Review Source: Capterra
  • Dee from Baptist General Convention of Teaxs

    July 2009

    Outstanding Product!!

    Ease-of-use
    Quality
    Support

    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.

    Review Source: Capterra
  • Ngoc from BAE Systems

    July 2009

    BudgetPak is easy to implement and is very user friendly.

    Ease-of-use
    Quality
    Support

    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.

    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.

    Review Source: Capterra
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