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
Because companies have specific business wants, it is only reasonable they avoid subscribing to an all-in-one, ideal software. Having said that, it is almost impossible to stumble on such an app even among widely used software systems. The practicable thing to do is to spell out the different important functions which require examination like essential features, packages, skill capability of staff members, company size, etc. The second step is, you must double down on the product research to a full extent. Browse over some of these MYGIDE reviews and explore each of the software options in your shortlist more closely. Such comprehensive product research can make sure you steer clear of poorly fit apps and select the system that offers all the tools your company requires.
Position of MYGIDE in our main categories:
TOP
50
MYGIDE is one of the top 50 Predictive Analysis Software products
If you are considering MYGIDE it might also be a good idea to investigate other subcategories of Predictive Analysis Software collected in our database of B2B software reviews.
Each company is different, and can require a specific Predictive Analysis Software solution that will be adjusted to their company size, type of customers and employees and even specific industry they cater to. We advise you don't count on getting an ideal solution that will be suitable for each company no matter what their history is. It may be a good idea to read a few MYGIDE Predictive Analysis Software reviews first and even then you should remember what the solution is supposed to do for your company and your workers. Do you require a simple and straightforward solution with just elementary functions? Will you actually make use of the advanced tools needed by experts and large enterprises? Are there any particular tools that are especially beneficial for the industry you work in? If you ask yourself these questions it will be much easier to get a trustworthy solution that will fit your budget.
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 realize that when you decide to get 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 users and enterprises that use it are genuinely content with the product. Because of that need we’ve designer our behavior-based Customer Satisfaction Algorithm™ that aggregates customer reviews, comments and MYGIDE reviews across a broad range of social media sites. The data is then featured in an easy to understand format showing how many people had positive and negative experience with MYGIDE. With that information at hand you will be prepared to make an informed buying 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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