idu-Concept Overview

What is idu-Concept?

idu-Concept is a web-based corporate performance management (CPM) solution designed to assist medium-sized and large enterprises with their budgeting, forecasting, financial reporting, and fixed asset management.

idu-Concept supports both financial and revenue budgeting, and a variety of budget types, including itemized budgeting, activity-based budgeting, project-based budgeting, depreciation budgeting, grade and employee budgeting, percentage and dynamic reallocations, and more. Data is captured automatically where possible, with a range of native ERP integrations, real-time updates and data aggregation. Users can capture budgets and view results instantly, and track budget status and progress with idu-Concept’s visual indicators. Supporting documentation can be attached and linked when preparing budgets, and users can drill-down from company and aggregate accounts to individual accounts or cost centers.

idu-Concept’s financial reporting module allows users to analyze variance between actual spend and forecasts, budget, and comparative years. Adverse variances which exceed preset tolerance levels can be highlighted, and managers can drill down to identify business areas responsible for any major variances, and capture reasons for variances in comments. Multiple screen layouts can be configured for specific users, to customize which calculations are performed and what data is displayed, and user-reporting profiles can also be created to display reports relevant to each user's specific requirements. idu-Concept also offers a module for fixed asset management, verification, and monitoring.

idu-Concept Overview

Pricing

Starting from
US$50,00/month

Pricing options

Free Trial
Subscription
Value for money

Light, Standard & Enterprise editions available.
Contact IDU for full pricing information.


idu-Concept Features

Devices
Business size
S M L
Markets
United Kingdom, Australia
Supported Languages
English

Media

Data can be captured automatically and users can view results in real time
Budgets, forecasts, comparative years, and actual spend can be compared
Variance analysis includes the ability to drill down and add comments
idu-Concept video idu-Concept video idu-Concept video idu-Concept screenshot: Data can be captured automatically and users can view results in real time idu-Concept screenshot: Budgets, forecasts, comparative years, and actual spend can be compared idu-Concept screenshot: Variance analysis includes the ability to drill down and add comments

idu-Concept Reviews

idu-Concept Reviews

Overall rating
4,3
/
5
Excellent
31

Very good
37

Average
3

Poor
0

Terrible
0

Value for Money
4,3
Features
4,2
Ease of Use
4,1
Customer Support
4,4
96% recommended this app
Verified Reviewer

Budget management and monitoring made easier

The IDU system has addressed the major issue of accountability and ownership of the budget by managers in the organisation. It has also forced managers to take the process seriously as the budget team has better tools to analyse all submission.


Grant R.

Idu has real depth of functionality

The system is helping us drive business ownership of budgeting and reporting processes


Natashia N.

Idu Financial reporting

overall the Idu team has always assisted and help resolve my queries , so a good experience


Willie S.

Great budgeting tool!

automated budget tool. this assist the organisation during the budget process


Fatima A.

UCT Feedback

The customer service provided by IDU is excellent. Their staff are always willing to assist and find ways of satisfying the customer needs. The staff are very knowledgable, friendly and quick to respond to queries. Implementation of IDU has definitely improved our budgeting process, and we look forward to now working on the reporting side of it.


Verified Reviewer
Industry: Government Administration
Company size: 501-1 000 Employees

Budget management and monitoring made easier

Used Other for 2+ years
Reviewed on 2018/09/10
Review Source: Capterra

The IDU system has addressed the major issue of accountability and ownership of the budget by managers in the organisation. It has also forced managers to take the process seriously as the budget team has better tools to analyse all submission.

Pros

Takes the responsibility of costing away from the budget office and makes the cost centres take accountability for their budget. The budget process is reduced as there is no longer a need to utilise spreadsheets. What is also appreciated is that requests for customisation are always accomodated

Cons

No cons, complaints from users relates to mon ability to copy and paste information that was captured incorrectly.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 10.0/10

Grant R.
Industry: Financial Services
Company size: 501-1 000 Employees

Idu has real depth of functionality

Used Daily for 1-5 months
Reviewed on 2020/02/27
Review Source: Capterra

The system is helping us drive business ownership of budgeting and reporting processes

Pros

The software has many levels of detailed functionality to deal with most budgeting and reporting scenarios

Cons

The screen layout and design is fairly dated

Response from idu Software

Hi Grant
Thank you for writing a review of idu-Concept. By driving ownership of the budget process within an organisation it leads to greater buy-in and accountability. I am sure your team are experiencing this.

We are constantly updating and upgrading the features, functionality and look and feel of our product. We will send more information as these enhancements are released. Hopfully you will find the design and layouts more engaging.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 8.0/10

Natashia N.
Industry: Financial Services
Company size: 1 001-5 000 Employees

Idu Financial reporting

Used Daily for 2+ years
Reviewed on 2018/09/10
Review Source: Capterra

overall the Idu team has always assisted and help resolve my queries , so a good experience

Pros

it is user friendly , once you understand the sytem navigation is easier.

Cons

Updateting users acess in every Fiscal set

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 7.0/10

Willie S.
Industry: Government Administration
Company size: 201-500 Employees

Great budgeting tool!

Used Daily for 2+ years
Reviewed on 2020/02/27
Review Source: Capterra

automated budget tool. this assist the organisation during the budget process

Pros

easy to use as well automated process. the interface with SAP also assist in ensuring that the data we utilise for reporting is accurate.

Cons

I do not have much to report on. We have just introduced the project reporting module. we will provide feedback at a later stage.

Response from idu Software

Dear Willie
Thank you for your great review. It is really important to us that our software is easy to use and understand and so it is great to hear it.

We are sure that you will find the functionality in the project bugeting module very useful. We look forward to hearing your experience of it.

Please do not hesitate to contact our helpdek or your account manager if you have any queries.

Thanks again
The IDU Team

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 9.0/10

Fatima A.
Industry: Education Management
Company size: 5 001-10 000 Employees

UCT Feedback

Used Daily for 1+ year
Reviewed on 2020/02/27
Review Source: Capterra

The customer service provided by IDU is excellent. Their staff are always willing to assist and find ways of satisfying the customer needs. The staff are very knowledgable, friendly and quick to respond to queries. Implementation of IDU has definitely improved our budgeting process, and we look forward to now working on the reporting side of it.

Pros

It is web-based so therefore easily accessable. Takes away the need for planning in excel and then transferring those plans to your source system. Minimal clicks to get to where you need to be. Prepopulation of employee data before the budgeting cycle has cut down the time to input employee budgets - the same for depreciation.

Cons

We would like to get to line item detail from a summary cost center group and not have to drill down to each cost center to get to this data. The client must also be able to get to this level and view the total budget in line item format, not only at budget type level.

Response from idu Software

Dear Fatima

Thank you for taking the time to write such a detailed review of idu-Concept, we really appreciate it. We are so delighted to have received 5 stars for customer support. Thank you, I will pass on your compliments to our team.

I have also passed on your comment about not being able to get to line item detail without having to drill down to each cost centre to our consulting team. They will be in touch to see how we can assist with this.

Kind regards
The IDU Team

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 9.0/10

User recommendation
8,6/10
Based on 71 user ratings
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idu-Concept Pricing

idu-Concept Pricing

Starting from
US$50,00/month
Free Trial
Subscription
Value for money

Light, Standard & Enterprise editions available.
Contact IDU for full pricing information.

Light, Standard & Enterprise editions available.
Contact IDU for full pricing information.

Value for Money
4,3/5
Based on 71 user ratings
Compare value for money rating with alternatives
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idu-Concept Features

idu-Concept Features

API
Accounting Integration
Accounting Management
Activity Dashboard
Audit Trail
Automatic Notifications
Billing & Invoicing
Compliance Management
Customizable Reporting
Data Import/Export
Electronic Payments
Expense Tracking
Financial Analysis
Invoice Management
Invoice Processing
Multi-Currency
Real Time Data
Reporting & Statistics
Third Party Integration
Workflow Management
Features
4,2/5
Based on 71 user ratings
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Categories

Additional information for idu-Concept

Additional information for idu-Concept

Key features of idu-Concept

  • "What If" Scenarios
  • Activity Dashboard
  • Ad hoc Analysis
  • Ad hoc Reporting
  • Alerts
  • Asset locations
  • Asset management
  • Asset reconciliation
  • Asset transfers & disposals
  • Assets Disposal Management
  • Audit Trail
  • Automated data capture
  • Balance Sheet
  • Budget capture
  • Budget status tracking
  • Budgeting & forecasting
  • Business Analysis
  • Business Forecasting
  • Business Projections
  • Business Reporting & Statistics
  • CPM
  • Collaboration Tools
  • Collaborative Forecasting
  • Comment capture
  • Consolidation / Roll-Up
  • Corporate Performance Management
  • Custom reports
  • Customer cloning
  • Dashboard Creation
  • Data Visualization
  • ERP integrations
  • Email Alerts
  • Email notifications
  • Financial Analysis
  • Financial Management
  • Financial budgeting
  • Graphical data display
  • Income Statements
  • Microsoft Excel integration
  • Multi-Currency
  • Multiple cost center hierarchies
  • Multiple user-specific screen layouts
  • Periodic asset verifications
  • Planning Tools
  • Point-and-click interface
  • Profit / Loss Statement
  • Profitability Analysis
  • Progress tracking
  • Project Budgeting
  • Real Time Analytics
  • Real Time Reporting
  • Real-time alerts
  • Real-time data aggregation
  • Real-time updates
  • Revenue budgeting
  • Sales Forecasting
  • Scenario Planning
  • Scheduled reporting
  • Support for multiple budget types
  • Variance analysis
  • Visual Analytics

Benefits

  • A variety of budget types are supported, including itemized budgeting, activity-based budgeting, depreciation budgeting, project-based budgeting, grade and employee budgeting, percentage and dynamic reallocations, and more.

  • Updates are processed in real time, allowing users to capture budgets and view results instantly, and the system visually indicates the status and progress of budgets for users to view at any point in time.

  • idu-Concept’s financial reporting enables the analysis of variance between budget, forecasts, comparative years and actual spend, with a drill-down system enabling the identification of business areas which may be responsible for major variances, and the ability for managers to capture comments explaining reasons for variances.

  • Asset management tools include notifications for new assets assigned to cost centers, allocation of new assets to locations and responsible persons by managers, periodic asset verifications, asset disposal, inward transfer of assets, and asset reconciliation.

  • Financial reports can be created daily, weekly, or monthly, and users are alerted to any critical business information from data within the IDU database.

  • idu-Concept FAQs

    idu-Concept FAQs

    Below are some frequently asked questions for idu-Concept.

    Q. What type of pricing plans does idu-Concept offer?

    idu-Concept offers the following pricing plans:

    Starting from: US$50,00/month

    Pricing model: Subscription

    Free Trial: Not Available

    Light, Standard & Enterprise editions available. Contact IDU for full pricing information.

    Q. What are the main features of idu-Concept?

    idu-Concept offers the following features:

    • "What If" Scenarios
    • Activity Dashboard
    • Ad hoc Analysis
    • Ad hoc Reporting
    • Alerts
    • Asset locations
    • Asset management
    • Asset reconciliation
    • Asset transfers & disposals
    • Assets Disposal Management
    • Audit Trail
    • Automated data capture
    • Balance Sheet
    • Budget capture
    • Budget status tracking
    • Budgeting & forecasting
    • Business Analysis
    • Business Forecasting
    • Business Projections
    • Business Reporting & Statistics
    • CPM
    • Collaboration Tools
    • Collaborative Forecasting
    • Comment capture
    • Consolidation / Roll-Up
    • Corporate Performance Management
    • Custom reports
    • Customer cloning
    • Dashboard Creation
    • Data Visualization
    • ERP integrations
    • Email Alerts
    • Email notifications
    • Financial Analysis
    • Financial Management
    • Financial budgeting
    • Graphical data display
    • Income Statements
    • Microsoft Excel integration
    • Multi-Currency
    • Multiple cost center hierarchies
    • Multiple user-specific screen layouts
    • Periodic asset verifications
    • Planning Tools
    • Point-and-click interface
    • Profit / Loss Statement
    • Profitability Analysis
    • Progress tracking
    • Project Budgeting
    • Real Time Analytics
    • Real Time Reporting
    • Real-time alerts
    • Real-time data aggregation
    • Real-time updates
    • Revenue budgeting
    • Sales Forecasting
    • Scenario Planning
    • Scheduled reporting
    • Support for multiple budget types
    • Variance analysis
    • Visual Analytics

    Q. Who are the typical users of idu-Concept?

    idu-Concept has the following typical customers:

    Large Enterprises, Mid Size Business

    Q. What languages does idu-Concept support?

    idu-Concept supports the following languages:

    English

    Q. What type of pricing plans does idu-Concept offer?

    idu-Concept has the following pricing plans:

    Subscription

    Q. Does idu-Concept support mobile devices?

    We do not have any information about what devices idu-Concept supports

    Q. What other apps does idu-Concept integrate with?

    idu-Concept integrates with the following applications:

    Dynamics 365, Epicor Financial Management, Microsoft Dynamics 365 Business Central, Microsoft Dynamics GP, Oracle JD Edwards EnterpriseOne, Pastel, SAP Business One, SYSPRO, Sage 500, Sage Business Cloud Financials

    Q. What level of support does idu-Concept offer?

    idu-Concept offers the following support options:

    Phone Support, Online Support