idu-Concept Reviews & Product Details


What is idu-Concept?

Idu-Concept is a budgeting, forecasting, and reporting system for midsize to large businesses in a wide variety of industries. In addition to these functions, the system also helps companies track spend, manage their assets and equipment, and more. idu-Concept can be deployed in the cloud and paid as a monthly subscription, or purchased outright and installed on a local server, based on the preference and needs of each business. The Financial Reporting module aims to enhance visibility and provide full access to constantly updated, accurate data. The Revenue Reporting module allows users to comment on and analyze revenue data in real-time. It also helps calculate anticipated outcomes, predict risk, and report on past numbers. Alerts are automated and customizable, notifying users whenever new information is uploaded into the database, or a particular data set needs attention.

Write a Review

idu-Concept Screenshots


idu-Concept Profile Details

idu-Concept Profile Details

Vendor
IDU
Company Website
Year Founded
1997
HQ Location
Cape Town, South Africa
LinkedIn® Page
www.linkedin.com
Employees on LinkedIn®
54
Twitter
@iduSoftware
Twitter Followers
2,376
Show moreShow fewer

idu-Concept Reviews

Filter Reviews
Filter Reviews
Sort by
Ratings
Company Size
User Role
For Category
All Industries
Region
Write a Review
1-25 of 28 total idu-Concept reviews

idu-Concept Reviews

Write a Review
Filter By
Connections
Show reviews that mention
1-25 of 28 total idu-Concept reviews
Copy Review URL
General Manager Finance & Corporate
Mid-Market
(51-200 employees)
Validated Reviewer
Verified Current User
Review Source
Copy Review URL

"Changed the way we approach budgeting"

What do you like best?

With all staff able to concurrently access individual project areas within idu-Concept and either review results, set budgets or make changes our 'budget setting season' is less stressful for all and reduces the time needed for the process. The ability to assign access to specific areas of the budget to specific staff means we can have staff at all levels taking accountability for their areas.

Using idu-Concept has streamlined our overall budgeting process, and allows non-finance staff to access their areas, interrogate costs and understand how they are tracking against budget without having to request reports from Finance or wait for excel workbooks to be updated.

What do you dislike?

The reporting side of idu-Concept could be enhanced to enable easier report extract and customisation by staff. We have also found creation of custom reports is quite complicated.

What problems are you solving with the product? What benefits have you realized?

idu-Concept allows real-time, up to date analysis against budget enabling all divisional managers to track their progress and thus reduces month end reporting processes as managers are able to review their results at anytime in the month.

Pressures on finance staff is also reduced as non-finance staff can access their information direct from idu-Concept whereas previously they had to request detailed reports from Finance.

A significant change in day to day operation in comparison to the excel macro workbooks of the past!

Copy Review URL
Financial accountant
Mid-Market
(501-1000 employees)
Validated Reviewer
Review Source
Copy Review URL

"Great reporting functions"

What do you like best?

Various type of reports available for whatever the need. It is easy to compare, view and analyse figures.

I like the easy import function.

What do you dislike?

It is difficult to quickly print directly from IDU.

When expanding on different overheads, it is sometimes confusing for users to go back to income statement page (not knowing to press on the little blocks with green arrow to go 'back'.) Users gets confused and close the entire tab.

When adjusting column sizes, it does not remain the size it was adjusted to.

I would like to choose the default page (like actuals) when opening IDU. ☺

Recommendations to others considering the product:

I cannot (and don't want to) imagine life of budgeting/forecasting/reporting without IDU.

What problems are you solving with the product? What benefits have you realized?

Actual figures, reports, budgets, etc are always accessible for users, they do not have to rely on accountant to send it ongoing.

Different branches/departments can be set up for specific users, and comparative figures are easy to view.

Copy Review URL
Natashia Naidoo
Enterprise
(1001-5000 employees)
Validated Reviewer
Review Source
Copy Review URL

"Good service from IDu"

What do you like best?

Financial Budgeting and reporting Model is user friendly. The functionality to drill down to the details of the transactions gives management more information at their finger tips . The ability to export reports into excell for the users. The fact that all the information required is availible in one system , financial and non financial. It easy to effect changes on the forecast and keep track of the changes with the notes so that all users are aware.

What do you dislike?

Setting up of user access in every fiscal set and layout setups .

The moving of cost centres have to be done for the user in every set , this is time consuming especiall if there are alot of cost centres. There layout sets - it would be nice to have notes on how to set up different layouts. Manages have requested a Dash board , there are no notes as to how to set this up .

The printing of from the screen, the entire page doesnt print .

Recommendations to others considering the product:

it is a user friendly tool, gives the required information , saves time and is efficient and also intergrates into other financial reporting systems.

What problems are you solving with the product? What benefits have you realized?

Asset reporting , all assets are verified by managers in their departments , cuts out the paper work to the Finance team. I have trained my managers in Botswana and Namibia on how to use IDU and they now have acess to the financial information which helps my team to work more effeciently.

Copy Review URL
Management Accountant
Accounting
Mid-Market
(51-200 employees)
Validated Reviewer
Verified Current User
Review Source
Copy Review URL

"Powerful Excel Reports"

What do you like best?

The Excel reports are customisable to suite entity requirements. The reports that required several downloading then formatting/ merging in excel, now can run on a single go.

What do you dislike?

The reports can only run for users according to their access rights and does not show the user the access rights at the time of running the report, therefore at first go one may assume that the report is all inclusive.

Recommendations to others considering the product:

If you have any ERP/ accounting system and do need to analyse data and customize reports, IDU is a great system for that.

What problems are you solving with the product? What benefits have you realized?

The IDU budgeting and reporting functionalities enable us to perform multi-matrix views and reports.

Copy Review URL
Financial Director
Financial Services
Small-Business
(11-50 employees)
Validated Reviewer
Verified Current User
Review Source
Copy Review URL

"More than just a budget tool!"

What do you like best?

IDU is not only a great and easy to use budgeting application, but helps drive day to day ownership of business unit or departmental budgets, cost management, revenue growth and variance reporting by the business unit or department leaders. The team behind IDU, and lead by Kevin Philips, have lived and breathed preparing budgets and have an infinite understanding of what the user requires.

What do you dislike?

Nothing to dislike! Most great products tend to have poor service - not with IDU ... a great team who are customer centric!

What problems are you solving with the product? What benefits have you realized?

Our budget, expense analysis, & variance reporting are supported by IDU's CPM. Benefits have been improved efficiency and improved accuracy in preparing budgets and monthly management account reporting. Furthermore, ownership of business unit budgets has been decentralised.

Copy Review URL
Head Finance and Corporate Division (CFO)
Mid-Market
(501-1000 employees)
Validated Reviewer
Review Source
Copy Review URL

"IDU Budgeting Tool "

What do you like best?

All companies have different needs and requirements when it comes to budgeting. IDU is the complete budgeting system which no company can do without. Budgeting use to be a nightmare especially consolidating the all divisions and branches.

What do you dislike?

There is not much to dislike however if we could make a suggestion to improve it would have been to increase the "excel functionality", however this is not a big issue as you are able to export into excel if needed.

What problems are you solving with the product? What benefits have you realized?

Consolidation of budgets is the biggest benefit.

Decreased the budget process tremendously and should see an even bigger improvement as users get more comfortable with the system.

“Good is the enemy of great. And that is one of the key reasons why we have so little that becomes great." IDU assisted Hitachi to make that difference.

Copy Review URL
Senior Management Accountant
Financial Services
Enterprise
(1001-5000 employees)
Validated Reviewer
Review Source
Copy Review URL

"Excellent & user-friendly "

What do you like best?

IDU give you the ability to view your financial data in the most effective and simplistic way possible. This software can be used by everyone (including a non-financial user). No more sending out multiple excel files & checking budget excel files; now we have one source, which multiple users can work at the same time & information is trusted (up to the most detailed level).

What do you dislike?

Fiscal sets are very independent, although you can integrate & synchronize them, I would enjoy a central base where you make & update account information/scructures once and it is copied everywhere.

What problems are you solving with the product? What benefits have you realized?

Simple format of Financial reporting for the non-financial users to have information at the tip of their fingers. Ease of budgeting for non-financial users. Analytics model gives you the ability to have have live data in any format all the time. Makes basic reconciliation and data integrity checks very easy.

Copy Review URL
Assistant Manager - Finance
Mid-Market
(51-200 employees)
Validated Reviewer
Review Source
Copy Review URL

"Implementation of budget reporting integrating with Sage 300 PJC"

What do you like best?

The software has interfaced directly to our job costing software and has provided access to our staff who have now taken ownership of their budgets. The ability to drill down to the financial entries has given a visibility to the actual versus budget results that has been well received by staff at all levels.

What do you dislike?

The administration side is quite complex.The system has such flexibility that it takes some mastering of all the different areas requiring set up.

What problems are you solving with the product? What benefits have you realized?

The monthly Board reporting now can involve all areas of the business simultaneously and has reduced the amount of time required to complete the review of the financials.

The annual budget process has input from all levels of management and therefore has greater commitment to the budget from the staff.

Copy Review URL
Finance Manager
Small-Business
(11-50 employees)
Validated Reviewer
Verified Current User
Review Source
Copy Review URL

"Budgets simplified"

What do you like best?

The flexibility of the system and the authority levels for users. I also like the analytics function.

What do you dislike?

I have no issues really. I would like there to be one login for the Budgeting and Reporting Module but this is cosmetic.

Recommendations to others considering the product:

I would recommend it because our entity is very 'fussy' and this system is also working for non-financial employees with ease.

What problems are you solving with the product? What benefits have you realized?

We were looking for a real-time system that could tell us how much budget is available before we commit any funds and this system does it. Excel spreadsheets is not no necessary during budget presentations.

Copy Review URL
Business Systems Project Analyst
Information Technology and Services
Small-Business
(11-50 employees)
Validated Reviewer
Verified Current User
Review Source
Copy Review URL

"Business Systems Project Analyst"

What do you like best?

Analytics - Reporting. The support received from the Auckland team and SA team is very good.

Yearly meet up gives us an product update and a forum to meet other users.

What do you dislike?

Reporting Licence restriction. Idu Analytics reporting feature is restricted by IDU users. Cost associated to Reporting Licence can restrict small and NFP organizations from using the analytics?

What problems are you solving with the product? What benefits have you realized?

We are in the process of testing out IDU Business intelligence.

Showcasing Idu Analytics on O365 SP online. This would help with reaching out to wider audience.

Copy Review URL
Trustee
Education Management
Small-Business
(Myself Only)
Validated Reviewer
Verified Current User
Review Source
Copy Review URL

"Excellent software and support "

What do you like best?

Can slice and dice the general ledger in any way you wish to get the reporting format you need. The ability to drill down into any number shown.

What do you dislike?

It can be a bit overwhelming for new users in terms of all the options and the navigation around the package

Recommendations to others considering the product:

Discuss your requirements with the consultants and get a demo. Chat to others in your industry who have used IDU as they do cover a vast number of industries.

What problems are you solving with the product? What benefits have you realized?

Ability to see up to date information regarding expenses compared to the budget. Massive help having the IDU Analytics when it comes to reporting

Copy Review URL
Management Accountant
Non-Profit Organization Management
Mid-Market
(51-200 employees)
Validated Reviewer
Verified Current User
Review Source
Copy Review URL

"IDU is a great tool for both Financial Budgeting and Financial Reporting."

What do you like best?

IDU is very easy to understand and user-friendly especially for non-finance people. Ever since I started using IDU in 2014 Budget iterations and version controls are more efficient as compared to Excel spreadsheets.

What do you dislike?

It would be great if one can be able to select multi Cost Centres or different Cost Centre codes at the same time, perhaps an analytics functionality can solve this problem.

What problems are you solving with the product? What benefits have you realized?

Managers are making more informed decisions as they have real time access to the financial information of their respective functions. This has resulted in reduced Planning and Operational Inefficiency Variances.

Copy Review URL
Financial Manager
Mid-Market
(201-500 employees)
Validated Reviewer
Review Source
Copy Review URL

"Easy to use and monitor"

What do you like best?

The ease with which I can see the high level results but then have the ability to drill down to a GL level. Ability to allow users within the business to drill down into their actual expenses to keep track of spending

What do you dislike?

I can't think of anything material other than users get frustrated at times with clicking through various levels of detail that they don't truly understand, which is required from my side.

What problems are you solving with the product? What benefits have you realized?

Reduces the turnaround time for the budget as well as assist with the ongoing monitoring of the budget. Users are also able to keep tabs on their own departments in detail without having to use up the finance departments time in responding to queries.

Copy Review URL
Enterprise
(1001-5000 employees)
Validated Reviewer
Review Source
Copy Review URL

"University of Johannesburg"

What do you like best?

Simple, efficient and short implementation required, on-site with client involved every step of the way. This also served as "training" and knowledge transfer on how the system operates and how it should be maintained. We find their helpdesk to be one of their biggest strengths, with efficient client specific assistance almost immediate. The possibility of multiple, different, structures, both for reporting and budget presentation is something to first grasp, but it is very powerful.

What do you dislike?

Not much to dislike, some newly added functionality that does not form part of the standard package could be a costly add-on.

What problems are you solving with the product? What benefits have you realized?

Single platform for budget capture, submission and review, with instant consolidation of business units.

Multiple structures available for different reporting structures and views.

Copy Review URL
Mr.
Mid-Market
(201-500 employees)
Validated Reviewer
Review Source
Copy Review URL

"Great Budgeting Software"

What do you like best?

The fact that its excel based makes it easy to use. The user flexibility and customization makes IDU perfect for reporting.

What do you dislike?

Still trying to figure out how the CAPEX tracking can work best for our organisation (reporting especially). If IDU can have the ability to assist in CAPEX spend tracking it will be superb.

Recommendations to others considering the product:

The best budgeting module there is in the industry. Without a doubt.

What problems are you solving with the product? What benefits have you realized?

With various departments, IDU has assisted with budgetary control - spend monitoring. Looking forward, we hope to have the managers query financial transactions for more accurate management reporting.

Copy Review URL
Enterprise
(5001-10,000 employees)
Validated Reviewer
Review Source
Copy Review URL

"Timely and relevant financial information at the touch of a button"

What do you like best?

The turnaround time on the annual budgeting process has been reduced with around 6 weeks since implemention. In addition, subsequent product developments and upgrades has reflected attention to customer needs. The response time on queries logged with the helpdesk is also commendable; if not resolved the same day/next day, issues are logged with subsequent solutions/improvements.

What do you dislike?

I cannot think of anything, will need to nitpick to find something.

Recommendations to others considering the product:

Put simply, answers to all the needs

What problems are you solving with the product? What benefits have you realized?

Reduced turnaround time on budgeting; relevant solutions, improved data analysis.

Copy Review URL
Enterprise
(10,001+ employees)
Validated Reviewer
Review Source
Copy Review URL

"IDU Concept is the best budget , forecasting and providing management accounts tool that we have use"

What do you like best?

Budgeting - we are a big multi company user and we are able to budget by person for +- 27000 people. Consolidating and building budget structures is a breeze. able to fit into any CRM you may use with real time data all the time.

What do you dislike?

There is nothing that I dislike very easy to use user friendly system.

What problems are you solving with the product? What benefits have you realized?

Consolidation of budgets, reporting

Copy Review URL
Mid-Market
(51-200 employees)
Validated Reviewer
Review Source
Copy Review URL

"Helpful and great support"

What do you like best?

One place, with one version of the truth, and all changes are immediately available in the relevant views.

What do you dislike?

The detail of the budget break out per line item does not export. Only totals are exported. Also doing different scenarios are challenging in IDU.

What problems are you solving with the product? What benefits have you realized?

Budget process is far more efficient and we have given ownership and visibility back to the budget owners.

Copy Review URL
Chief Financial Officer
Real Estate
Small-Business
(11-50 employees)
Validated Reviewer
Review Source
Copy Review URL

"IDU in Residential Property"

What do you like best?

IDU is a no frills, no fuss, straight system that we use in our company for budgeting and reporting. Its easily understood by both the accountants and the business.

What do you dislike?

IDU works well for our budgeting and reporting requirements.

Recommendations to others considering the product:

IDU is an easy to use IT system.

What problems are you solving with the product? What benefits have you realized?

Multi year budgeting and Monthly reporting and Board Reporting Quarterly.

Copy Review URL
UM
Mid-Market
(51-200 employees)
Validated Reviewer
Verified Current User
Review Source
Copy Review URL

"Useful tool for budget management"

What do you like best?

I like the reporting and analytics as this is what helps me as a manager to develop and manage my budget.

What do you dislike?

I need to use a mouse to work on IDU if I want the full view. This is not practical.

What problems are you solving with the product? What benefits have you realized?

Variance analysis, accruals and managing a budget.

Copy Review URL
Mid-Market
(201-500 employees)
Validated Reviewer
Review Source
Copy Review URL

"New at this"

What do you like best?

The client module. It is straightforward and easy to use.

What do you dislike?

The admin module. It is not easy to use and easily gets into a mess.

What problems are you solving with the product? What benefits have you realized?

Budgeting tool and reporting. We are poised to use it for budgeting for our next cycle but the reporting is still not being used.

Copy Review URL
Junior Accountant
Mid-Market
(51-200 employees)
Validated Reviewer
Verified Current User
Review Source
Copy Review URL

"Making budget and reporting easy, just click and bung "

What do you like best?

Easy to analyze and present to audience

Quick to input the data

ability import data

ability to export the report

What do you dislike?

I can not think of any thing that i do not like about it, all its goo

What problems are you solving with the product? What benefits have you realized?

Reporting and budgeting

Copy Review URL
AF
Enterprise
(1001-5000 employees)
Validated Reviewer
Verified Current User
Review Source
Copy Review URL

"Schoonbee Landgoed"

What do you like best?

Forecasting of Budgets makes it easier to determine the direction of the full year values.

What do you dislike?

The structures is hard work to maintain and this can be automated.

What problems are you solving with the product? What benefits have you realized?

Real time projections of budget outcome

Copy Review URL
Enterprise
(1001-5000 employees)
Validated Reviewer
Review Source
Copy Review URL

"User friendly"

What do you like best?

easy to navigate for all my reports. Comparisons of my reports is simpler

What do you dislike?

nothing as yet. I started using IDU 2 months ago

What problems are you solving with the product? What benefits have you realized?

Comparisons of Actuals, forecast and budget. Makes analysis simpler

Copy Review URL
A
Enterprise
(1001-5000 employees)
Validated Reviewer
Review Source
Copy Review URL

"IDU Concept is a great budgeting tool that met our Institution's needs."

What do you like best?

The tool is easy to implement. It is easy to learn and understand. The staff are always friendly and helpful. It was a great buy for our Institution.

What do you dislike?

Some of the IDU standard reports are not very user friendly. There are a few standard functionalities that could be tweaked a bit.

What problems are you solving with the product? What benefits have you realized?

Our Institution uses it for budgeting and adhoc reporting. It has simplied and streamlined our budgeting processes.

idu-Concept Features

  • Data Import
  • Budget Hierarchies
  • Versioning
  • Budgeting
  • Forecasting
  • Consolidarion

idu-Concept User Ratings

8.1
Ease of Use
Average: 8.4*
9.0
Quality of Support
Average: 8.6*
6.9
Ease of Setup
Average: 8.0*
* Corporate Performance Management (CPM) Category
Do you work for idu-Concept?