IDU-Concept Features
What are the features of IDU-Concept?
Financial Insight
- Budgeting
- Forecasting
Status Communication
- Version Control
- Real-Time Data Updates
Budget Creation
- Data Import
- Budget Hierarchies
- Versioning
- Formulas
- Budget Periods
Budget Management
- Consolidation
Forecasting
- Historical Data
- Reforecast
- Forecast Types
Analytics
- Variance Analysis
- Forecasts Comparison
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IDU-Concept Categories on G2
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Financial Insight
Budgeting | Based on 16 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. | 91% (Based on 16 reviews) | |
Forecasting | Based on 12 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. | 92% (Based on 12 reviews) | |
Planning | Leverages data from budgeting and forecasting processes to help corporations understand their reality and make decisions accordingly. | Not enough data |
Data
Data Visualization | Offers methods of visualizing data via customizable dashboards, statistical graphs, and charts. | Not enough data | |
Data Analysis | Scours data for actionable insights. | Not enough data | |
Custom Reporting | Based on 10 IDU-Concept reviews and verified by the G2 Product R&D team. Allows users to customize their own reports according to business needs. | 68% (Based on 10 reviews) | |
Reporting Templates | Based on 10 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. | 70% (Based on 10 reviews) |
Status Communication
Collaboration | Based on 10 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. | 75% (Based on 10 reviews) | |
Version Control | Based on 14 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. | 80% (Based on 14 reviews) | |
Real-Time Data Updates | Based on 12 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. | 92% (Based on 12 reviews) | |
Scorecards | Displays and shares company performance data to increase transparency across the board. | Not enough data |
Budget Creation
Data Import | Import trial balance, monthly P&L, balance sheets, and other types of financial data 16 reviewers of IDU-Concept have provided feedback on this feature. | 78% (Based on 16 reviews) | |
Budget Hierarchies | Define budget structure elements and how they are linked hierarchically This feature was mentioned in 15 IDU-Concept reviews. | 70% (Based on 15 reviews) | |
Versioning | Keeps track of all versions of a budget and allows users to compare versions 14 reviewers of IDU-Concept have provided feedback on this feature. | 80% (Based on 14 reviews) | |
Formulas | Include budgeting formulas to estimate direct and indirect costs, operating and non-operating revenues This feature was mentioned in 11 IDU-Concept reviews. | 82% (Based on 11 reviews) | |
What-If | Test the potential financial impact of business decisions on revenues and expenses | Not enough data | |
Budget Periods | Users can customize standard budget periods (3, 9, or 12 months) 12 reviewers of IDU-Concept have provided feedback on this feature. | 83% (Based on 12 reviews) |
Budget Management
Consolidation | As reported in 15 IDU-Concept reviews. Consolidate multiple budgets from different departments or business entities | 80% (Based on 15 reviews) | |
Adjustments | Based on 11 IDU-Concept reviews. Users with administrative access rights can modify budgets | 79% (Based on 11 reviews) | |
Workflows | Workflows are used to define the steps required to alter budgets and who needs to approve changes | Not enough data |
Forecasting
Historical Data | Forecasting is based on past transactions and historical financial or operational data This feature was mentioned in 14 IDU-Concept reviews. | 77% (Based on 14 reviews) | |
Reforecast | Ability to recreate forecasts to include new information that may impact budgets 12 reviewers of IDU-Concept have provided feedback on this feature. | 78% (Based on 12 reviews) | |
Forecast Types | Based on 11 IDU-Concept reviews. Support multiple types of forecasts such as balance sheet and cash flow forecasts | 82% (Based on 11 reviews) | |
Rolling Forecasts | Used to review and update budgeting assumptions for a predefined period (usually one year) | Not enough data | |
AI | Uses AI algorithms and models to predict future trends and outcomes, based on historical data and patterns | Not enough data |
Analytics
Variance Analysis | Project out as the year progresses to accommodate trends that affect key business drivers. This feature was mentioned in 14 IDU-Concept reviews. | 79% (Based on 14 reviews) | |
Forecasts Comparison | As reported in 13 IDU-Concept reviews. compare Income Statement, Balance Sheet, and Cash Flow for multiple periods | 81% (Based on 13 reviews) | |
Forward Looking | Based on 10 IDU-Concept reviews. Forward-looking Balance Sheet and Cash Flow Statements are synchronized with GL data | 83% (Based on 10 reviews) |
Financial Planning
Extended Planning | Analysis that creates business plans outside of finance, including sales, marketing, or HR. | Not enough data | |
Reporting | Reports on departmental KPI metrics measured against targets. | Not enough data | |
Integration | Consolidates planning processes across an organization into a single solution. | Not enough data |
