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IDU-Concept Reviews & Product Details - Page 3

IDU-Concept Overview

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.

IDU-Concept Details
Languages Supported
English
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Product Description

IDU-Concept is a budgeting, forecasting, and reporting system for midsize to large businesses in a wide variety of industries.


Seller Details
Seller
IDU
Year Founded
1997
HQ Location
Cape Town, South Africa
Twitter
@iduSoftware
2,815 Twitter followers
LinkedIn® Page
www.linkedin.com
62 employees on LinkedIn®

Rochelle R.
RR
Overview Provided by:
Marketing Manager at IDU - Budgeting, Forecasting & Reporting Solutions to Simplify Financial Management

Recent IDU-Concept Reviews

KK
Keabetsoe K.Enterprise (> 1000 emp.)
4.5 out of 5
"IDU is a very easy sytsem to use with tha ability to build custom reports"
I love that we can build reports that we want in a view that is best suited for us as a business.
DP
Dylan P.Small-Business (50 or fewer emp.)
5.0 out of 5
"EVERGREEN LIFESTYLE VILLAGES REVEIW OF IDU"
IDU-Concept radically simplifies the budgeting process and allows responsibility to rest with the correct people. It fundamentally changes the budg...
Verified User
U
Verified UserSmall-Business (50 or fewer emp.)
3.5 out of 5
"IDU helped a lot to visualise my actual vs budget spend for different branches."
The best is that it links directly to our ERP system, and that we can split the reporting into different branches and limit branch manager visibili...
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1 person requested security information

IDU-Concept Media

IDU-Concept Demo - About IDU
Specialise in budgeting, forecasting & management reporting
IDU-Concept Demo - Intuitive user-friendly Capture Screens
When it comes to budgeting for your business, time is of the essence. Can you afford for your financial department to spend precious hours chasing down budget information, when they should be spending their time on the more valuable task of financial analysis instead? Or for your line managers to...
IDU-Concept Demo - Detailed Dashboards
Develop meaningful dashboards with ease from within the system. • Track all your relevant finance KPIs, in real-time. • Spot trends, opportunities and problem areas requiring attention. • Effortlessly visualise large datasets to gain vital insights. • Customise your views for an instant...
IDU-Concept Demo - Funtional Features of IDU
On-line real-time aggregation of multiple structures
IDU-Concept Demo - Variance Analysis Drill Down to Journal
Drill down to the underlying journal entry.
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45 IDU-Concept Reviews

4.4 out of 5
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45 IDU-Concept Reviews
4.4 out of 5
45 IDU-Concept Reviews
4.4 out of 5

IDU-Concept Pros and Cons

How are these determined?Information
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Pros
Cons

Overall Review Sentiment for IDU-ConceptQuestion

Time to Implement
<1 day
>12 months
Return on Investment
<6 months
48+ months
Ease of Setup
0 (Difficult)
10 (Easy)
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G2 reviews are authentic and verified.
VB
Assistant Manager - Finance
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about IDU-Concept?

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. Review collected by and hosted on G2.com.

What do you dislike about IDU-Concept?

The administration side is quite complex.The system has such flexibility that it takes some mastering of all the different areas requiring set up. Review collected by and hosted on G2.com.

What problems is IDU-Concept solving and how is that benefiting you?

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. Review collected by and hosted on G2.com.

Cader, P.
CP
Business Systems Project Analyst
Information Technology and Services
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Seller invite
What do you like best about IDU-Concept?

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. Review collected by and hosted on G2.com.

What do you dislike about IDU-Concept?

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? Review collected by and hosted on G2.com.

What problems is IDU-Concept solving and how is that benefiting you?

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. Review collected by and hosted on G2.com.

CO
Head Finance and Corporate Division (CFO)
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: Organic
(Original )Information
What do you like best about IDU-Concept?

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. Review collected by and hosted on G2.com.

What do you dislike about IDU-Concept?

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. Review collected by and hosted on G2.com.

What problems is IDU-Concept solving and how is that benefiting you?

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. Review collected by and hosted on G2.com.

Johan N.
JN
IT Manager
Medical Practice
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about IDU-Concept?

Speed of feedback and resolution. Always helpful and accommodating Review collected by and hosted on G2.com.

What do you dislike about IDU-Concept?

Nothing they are always helpful and give feedback when required Review collected by and hosted on G2.com.

Recommendations to others considering IDU-Concept:

NA Review collected by and hosted on G2.com.

What problems is IDU-Concept solving and how is that benefiting you?

Assisting business managers to make good financial decisions Review collected by and hosted on G2.com.

CM
Financial Manager
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about IDU-Concept?

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 Review collected by and hosted on G2.com.

What do you dislike about IDU-Concept?

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. Review collected by and hosted on G2.com.

What problems is IDU-Concept solving and how is that benefiting you?

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. Review collected by and hosted on G2.com.

KT
Mr.
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about IDU-Concept?

The fact that its excel based makes it easy to use. The user flexibility and customization makes IDU perfect for reporting. Review collected by and hosted on G2.com.

What do you dislike about IDU-Concept?

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. Review collected by and hosted on G2.com.

Recommendations to others considering IDU-Concept:

The best budgeting module there is in the industry. Without a doubt. Review collected by and hosted on G2.com.

What problems is IDU-Concept solving and how is that benefiting you?

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. Review collected by and hosted on G2.com.

Letlotlo B.
LB
Junior Accountant
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about IDU-Concept?

Easy to analyze and present to audience

Quick to input the data

ability import data

ability to export the report Review collected by and hosted on G2.com.

What do you dislike about IDU-Concept?

I can not think of any thing that i do not like about it, all its goo Review collected by and hosted on G2.com.

What problems is IDU-Concept solving and how is that benefiting you?

Reporting and budgeting Review collected by and hosted on G2.com.

MH
Finance Manager
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about IDU-Concept?

The flexibility of the system and the authority levels for users. I also like the analytics function. Review collected by and hosted on G2.com.

What do you dislike about IDU-Concept?

I have no issues really. I would like there to be one login for the Budgeting and Reporting Module but this is cosmetic. Review collected by and hosted on G2.com.

Recommendations to others considering IDU-Concept:

I would recommend it because our entity is very 'fussy' and this system is also working for non-financial employees with ease. Review collected by and hosted on G2.com.

What problems is IDU-Concept solving and how is that benefiting you?

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. Review collected by and hosted on G2.com.

Amanda A.
AA
Senior Management Accountant
Financial Services
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about IDU-Concept?

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). Review collected by and hosted on G2.com.

What do you dislike about IDU-Concept?

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. Review collected by and hosted on G2.com.

What problems is IDU-Concept solving and how is that benefiting you?

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. Review collected by and hosted on G2.com.

Verified User in Financial Services
UF
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about IDU-Concept?

I like the reporting and analytics as this is what helps me as a manager to develop and manage my budget. Review collected by and hosted on G2.com.

What do you dislike about IDU-Concept?

I need to use a mouse to work on IDU if I want the full view. This is not practical. Review collected by and hosted on G2.com.

What problems is IDU-Concept solving and how is that benefiting you?

Variance analysis, accruals and managing a budget. Review collected by and hosted on G2.com.