IDU-Concept Features

Financial Insight (3)

Budgeting: Based on 20 IDU-Concept reviews and verified by the G2 Product R&D team. Uses collected data to assist organizations in understanding what they can afford now, and in years to come.
Forecasting: Based on 16 IDU-Concept reviews and verified by the G2 Product R&D team. Creates a continuous and recurrent planning process that can be calculated according to a specified and customizable timeline.
Planning: Based on 10 IDU-Concept reviews and verified by the G2 Product R&D team. Leverages data from budgeting and forecasting processes to help corporations understand their reality and make decisions accordingly.

Data Visualization: Based on 13 IDU-Concept reviews and verified by the G2 Product R&D team. Offers methods of visualizing data via customizable dashboards, statistical graphs, and charts.
Data Analysis: Based on 13 IDU-Concept reviews and verified by the G2 Product R&D team. Scours data for actionable insights.
Custom Reporting: Based on 14 IDU-Concept reviews and verified by the G2 Product R&D team. Allows users to customize their own reports according to business needs.
Reporting Templates: Based on 14 IDU-Concept reviews and verified by the G2 Product R&D team. Provides pre-built reporting templates to organize data for payroll, manufacturing, and other company factions.

Collaboration: Based on 14 IDU-Concept reviews and verified by the G2 Product R&D team. Allows for searchable communication within the tool via notes, checklists, and discussions to ensure clarity between users.
Version Control: Based on 18 IDU-Concept reviews and verified by the G2 Product R&D team. Reflects updates immediately, ensuring users have the most recent data while maintaining records of past performance.
Real-Time Data Updates: Based on 16 IDU-Concept reviews and verified by the G2 Product R&D team. Updates varying factors in real-time, assuring forecasts and inferences are continually made according to the most recent information.
Scorecards: Displays and shares company performance data to increase transparency across the board.

Data Import: Based on 23 IDU-Concept reviews. Import trial balance, monthly P&L, balance sheets, and other types of financial data
Budget Hierarchies: Based on 22 IDU-Concept reviews. Define budget structure elements and how they are linked hierarchically
Versioning: As reported in 21 IDU-Concept reviews. Keeps track of all versions of a budget and allows users to compare versions
Formulas: As reported in 18 IDU-Concept reviews. Include budgeting formulas to estimate direct and indirect costs, operating and non-operating revenues
What-If: Test the potential financial impact of business decisions on revenues and expenses This feature was mentioned in 13 IDU-Concept reviews.
Budget Periods: As reported in 19 IDU-Concept reviews. Users can customize standard budget periods (3, 9, or 12 months)

Consolidation: As reported in 22 IDU-Concept reviews. Consolidate multiple budgets from different departments or business entities
Adjustments: Users with administrative access rights can modify budgets 18 reviewers of IDU-Concept have provided feedback on this feature.
Workflows: As reported in 15 IDU-Concept reviews. Workflows are used to define the steps required to alter budgets and who needs to approve changes

Historical Data: Forecasting is based on past transactions and historical financial or operational data This feature was mentioned in 21 IDU-Concept reviews.
Reforecast: Ability to recreate forecasts to include new information that may impact budgets This feature was mentioned in 19 IDU-Concept reviews.
Forecast Types: As reported in 18 IDU-Concept reviews. Support multiple types of forecasts such as balance sheet and cash flow forecasts
Rolling Forecasts: Based on 16 IDU-Concept reviews. Used to review and update budgeting assumptions for a predefined period (usually one year)
AI: Uses AI algorithms and models to predict future trends and outcomes, based on historical data and patterns

Variance Analysis: Project out as the year progresses to accommodate trends that affect key business drivers. This feature was mentioned in 21 IDU-Concept reviews.
Forecasts Comparison: compare Income Statement, Balance Sheet, and Cash Flow for multiple periods 20 reviewers of IDU-Concept have provided feedback on this feature.
Forward Looking: As reported in 17 IDU-Concept reviews. Forward-looking Balance Sheet and Cash Flow Statements are synchronized with GL data