MYGIDE Review
What is MYGIDE?
MYGIDE is a financial and economic modeling software that combines the do-it-yourself quality and versatility of spreadsheets. With this solution, you can get modeling, planning, and reporting functionalities in a single platform. It helps users intuitively analyze the past, determine trends, and define possible future development.
MYGIDE features solutions for data integration, consolidation, data analysis, planning, budgeting, forecasting, report management, valuation, and more. It also allows users to collaborate on several different models to immediately analyze, predict, and report on company performance. The platform comes with drag-and-drop functionalities so business users can do everything in MYGIDE even without IT support.
MYGIDE is designed to adapt to any business group data structure. The app adapts to your business model and company structure, not the other way around. End-users can also adjust the models in this software to respond to any changing business situations.
Show MoreOverview of MYGIDE Benefits
Seamless Data Integration
MYGIDE enables users to easily collect accounting, sales, production, market, and other non-financial data from multiple sources. You can enter data manually or connect the platform to external data sources. With data integration, you can quickly consolidate data from various sources into a unified view which can be analyzed for BI.
Fast Data Adaptability
With MYGIDE, you can update plans with the latest actuals in less than a minute. This allows managers to focus on new assumptions as well as overall performance implication instead of processing a massive amount of data.
Drag-and-Drop Functionality
The drag-and-drop feature makes handling and modeling data structures a simple endeavor. No need to manually import elements, allowing you to complete processes faster.
Error-free Calculations
With MYGIDE, calculations are held in a foolproof environment. The formulas are consistent for all users during the specific time period. The platform also has an integrated integrity check service that prohibits the use of flawed formulas. So you can guarantee accuracy in calculations, something which is challenging to achieve if you are using spreadsheet-based solutions.
Smooth Collaboration
With MYGIDE, you do not need to email spreadsheets anymore. The System Administrator can permit users to share and collaborate on projects and models in real-time when they are connected to the same server.
Scalable Platform
Business needs usually evolve with every new situation and information on the market. With MYGIDE, you can easily adapt to the changes as the solution progresses naturally with every new requirement.
Flexible Ongoing Support
MYGIDE provides its users with various support options. You can get team support, system support, and even outsourced power user. Ongoing support comes in handy when your finance team are busy on the day-to-day matters or are overworked.
Show MoreOverview of MYGIDE Features
- Account Singularity
- In-memory Calculation Engine
- In-built Formula Integrity Checks
- In-built Time and Period Type
- Smart Import
- Statements
- Ongoing Support
- Built-in Reporting Tools
What Problems Will MYGIDE Solve?
Problem #1: Time-consuming Annual Budgeting
Annual budgeting, when done manually using spreadsheets, can be time-consuming. You need to collect a lot of data for reporting. In the end, you are left with little time to actually do the important work which is to analyze the data and get timely insights. MYGIDE solves this problem by providing professional financial modeling tools specifically designed to assist businesses with their complex processes. These tools are capable of importing and exporting data securely and provide a modeling environment that can be modified by the user easily without the risk of corrupting the calculations or the data itself. With this solution, you could reduce your budgeting process by 70% down to a few weeks. Your team will not only save a lot of time but will also be able to focus on the important job and do more.
Problem #2: Data Availability
When you use spreadsheets in recurring, collaborative processes, you may encounter problems with accuracy, speed, and articulacy. This can hinder your finance team from providing effective advice to business managers at strategic levels. MYGIDE solves this problem by providing Actionable and Effective BUsiness Data. With this solution, your team can easily access and collect information almost from anywhere. Hence, they can make more accurate, faster decisions. The platform also ensures data consolidation and collaboration, providing users with valuable insights via data, analysis, and forward-looking projections. Generally, MYGIDE guides users on how to use the data more effectively.
Problem #3: Difficult Decision-Making
In order to succeed, management needs to build its decisions around the most influential business drivers and apply ‘in-time’ thinking to various what-ifs. They should be able to plan with erratic cash-flows and quickly respond to ever-changing markets. MYGIDE helps users succeed by providing a scenario planning and predictive analytics. Business information and processes can be adapted on the fly, and delivered in real-time to decision-makers, irrespective of the changes they face. It enables users to run relational analysis on unified data, and model the future based on a comprehensive reality check of where they are now to determine the future. They can also determine likely outcomes by running dynamic scenarios and what-if analysis. What’s more, teams can collaborate in a workable framework to formulate a business development strategy and get an overall, comprehensive view of their business’s operations and financial needs.
Awards & Quality Certificates
MYGIDE Position In Our Categories
Knowing that companies have their own business requirements, it is logical that they avoid purchasing an all-in-one, ideal software product. Having said that, it would be almost impossible to pinpoint such a software system even among well-known software systems. The correct thing to do can be to make a list of the numerous important functions which need research like critical features, pricing, technical skill competence of staff, company size, etc. Thereafter, you should do the research exhaustively. Browse through these MYGIDE reviews and explore each of the software solutions in your list more closely. Such well-rounded research ensures you steer clear of unfit software products and select the one that offers all the function your business requires for optimal results.
Position of MYGIDE in our main categories:
TOP
50
MYGIDE is one of the top 50 Predictive Analysis Software products
If you are interested in MYGIDE it could also be sensible to analyze other subcategories of Predictive Analysis Software listed in our base of SaaS software reviews.
Since each organization has specific business needs, it is sensible for them to refrain from seeking a one-size-fits-all faultless software application. Needless to say, it would be pointless to try to find such a system even among widely used software applications. The intelligent thing to do would be to catalog the various essential factors that need consideration such as key features, finances, skill levels of employees, company size etc. Then, you should do your homework thoroughly. Read some MYGIDE Predictive Analysis Software reviews and check out each of the other apps in your shortlist in detail. Such comprehensive homework can make sure you weed out ill-fitting platforms and zero in on the system that offers all the features you require for business success.
How Much Does MYGIDE Cost?
MYGIDE Pricing Plans:
Free Trial
Starter Kit
Free
Freelancer Plan
£50/month/user
Company Plan
£75/month/user
Group Plan
Contact vendor
Consultants
Contact vendor
What are MYGIDE pricing details?
MYGIDE Pricing Plans:
Free Trial
Starter Kit
Free
Freelancer Plan
£50/month/user
Company Plan
£75/month/user
Group Plan
Contact vendor
Consultants
Contact vendor
MYGIDE offers various SMB and enterprise pricing plans. For software licenses, the solution offers 5 different packages. For ready-to-use models, there are also 5 plans that users can choose from. Ongoing support is also available but comes with a fee. See more details below:
Software Licenses
Starter Kit – Free
- MYGIDE Core
- MYGIDE Create
- MYGIDE Modelling
- MYGIDE Insight
- On-premise Deployment
Freelancer – £50/month/user
- Includes all solutions and features in Starter Kit
- MYGIDE Consolidation
Company – £75/mo/user
- Includes all solutions and features in Freelancer Package
- MYGIDE Server
- Real-time Sync
- Real-time Calc
- User Management
- Activity Logs
Group – by quote
- Includes all solutions and features in Company Package
- MYGIDE Poweroom
- MYGIDE Publish
- Data Pump
- Multi-Server
- Cloud Deployment
Consultants – by quote
- Includes all solutions and features in the Group Package except Data Pump
Ready-to-use Models
Framework – £375/model
- Profit & Loss Accounts
- Balance Sheet
- Bank Debt
- Break-Even Point
- Cash Accounts
- Cash Flows
- Capital Employed
- Fixed Assets
- Equity
- Working Capital
- What IF
- Valuation
- DCF & EVA
Extended – £750/model
- Includes all features in the Framework Package
- Model Adjustments
- Business Outlook
- Initial Data Imports
- Chart of Accounts
Enhanced – £1,250/model
- Includes all features in the Extended Package
- Expert Opinion
- Operating Data
- KPIs
Custom – by quote
- Includes all features in the Enhanced Package
- Custom Statements
Templates – by quote
- Includes all features in the Custom Package
- Industry Tailored
Ongoing Support
Light – £75/hour
- Power User Training
Expert – £750/month
- Power User Training
- Create
- Updates
- Report
Ultimate – £1250/month
- Includes all team support in the Expert package
- User Management
- Data Imports
- Data Validation
- Critical Data Support
- System Maintenance
- Backups and Versions
System – £750/month
- User Management
- Data Imports
- Data Validation
- Critical Data Support
- System Maintenance
- Backups and Versions
Outsourced – £2500/month
- Reporting
- Planning
- Analysis
User Satisfaction
Positive Social Media Mentions
119
Negative Social Media Mentions
0
We know that when you make a decision to purchase a Predictive Analysis Software it’s important not only to learn how experts score it in their reviews, but also to check if the real people and companies that use these solutions are actually content with the product. That’s why we’ve devised our behavior-based Customer Satisfaction Algorithm™ that collects customer reviews, comments and MYGIDE reviews across a wide range of social media sites. The information is then presented in a simple to understand way showing how many clients had positive and negative experience with MYGIDE. With that information at your disposal you should be equipped to make an informed purchasing decision that you won’t regret.
Video
Technical details
Devices Supported
- Windows
Deployment
- Cloud Hosted
- On Premise
Language Support
- English
Pricing Model
- Free
- Monthly payment
- One-time payment
- Quote-based
Customer Types
- Small Business
- Large Enterprises
- Medium Business
- Freelancers
What Support Does This Vendor Offer?
- phone
- live support
- training
- tickets
What integrations are available for MYGIDE?
MYGIDE imports GL structures from the ERP system so that the software adapts to your company structure and business model, not the other way around. Historic data can then be imported to provide a basis for a future view of the business, while still providing users the ability to input assumptions and analyze scenarios.
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