About 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.

Pricing starting from:

US$50.00/month

  • Free Version
  • Free Trial
  • Subscription

Key benefits of IDU-Concept

  • 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.
  • Typical Customers

    • Freelancers
    • Small Businesses (2-50)
    • Mid-size Companies (51-500)
    • Large enterprises (500 and more)

    Deployment

    • Cloud-based
    • On-premise

    Markets

    Australia, Botswana, Brazil, Canada, Guernsey and 13 others

    Supported Languages

    English

    Pricing starting from:

    US$50.00/month

    • Free Version
    • Free Trial
    • Subscription

    Images

    IDU-Concept Software - Detailed Dashboard - Budgets, forecasts, comparative years, and actual spend can be compared.
    IDU-Concept Software - Variance Analysis - Variance analysis includes the ability to drill down and add comments.
    IDU-Concept Software - Intuitive Capture Screens - Data can be captured automatically and users can view results in real time.
    View 6 more
    IDU-Concept video
    IDU-Concept video
    IDU-Concept video
    IDU-Concept Software - Detailed Dashboard - Budgets, forecasts, comparative years, and actual spend can be compared.
    IDU-Concept Software - Variance Analysis - Variance analysis includes the ability to drill down and add comments.
    IDU-Concept Software - Intuitive Capture Screens - Data can be captured automatically and users can view results in real time.

    Features

    Total features of IDU-Concept: 52

    • "What If" Scenarios
    • Access Controls/Permissions
    • Accounting
    • Accounting Integration
    • Activity Dashboard
    • Activity Planning
    • Activity Tracking
    • Ad hoc Reporting
    • Alerts/Notifications
    • Asset Lifecycle Management
    • Audit Trail
    • Budgeting/Forecasting
    • Cash Management
    • Chart of Accounts
    • Collaboration Tools
    • Consolidation/Roll-Up
    • Customizable Reports
    • Dashboard
    • Dashboard Creation
    • Data Import/Export
    • Data Integration
    • Data Visualization
    • Expense Management
    • Expense Tracking
    • Financial Analysis
    • Financial Management
    • Financial Reporting
    • Fixed Asset Management
    • Forecasting
    • General Ledger
    • Income & Balance Sheet
    • Investment Management
    • Key Performance Indicators
    • Multi-Company
    • Multi-Currency
    • Multi-Department/Project
    • Planning Tools
    • Predictive Analytics
    • Profit/Loss Statement
    • Progress Tracking
    • Project Management
    • Projections
    • Real-Time Analytics
    • Real-Time Data
    • Real-Time Reporting
    • Reporting/Analytics
    • Revenue Recognition
    • Scenario Planning
    • Strategic Planning
    • Transaction History
    • Version Control
    • Visual Analytics

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    Reviews

    Overall rating

    4.4 /5
    (82)
    Value for Money
    4.3/5
    Features
    4.2/5
    Ease of Use
    4.2/5
    Customer Support
    4.5/5

    Already have IDU-Concept?

    Software buyers need your help! Product reviews help the rest of us make great decisions.

    Showing 5 reviews of 82
    Lauren
    Overall rating
    • Industry: Logistics & Supply Chain
    • Company size: 51–200 Employees
    • Used Weekly for 2+ years
    • Review Source

    Overall rating

    • Ease of Use
    • Customer Support
    • Likelihood to recommend 7.0 /10

    IDU Review

    Reviewed on 2022/07/18

    Pros

    It allows us to track actuals, budget and forecast in real time and assists in preparation of reporting packs

    Cons

    The set up and maintenance of set up can be time consuming and if not done correctly it can cause issues

    Antoinette
    Overall rating
    • Industry: Education Management
    • Company size: 5,001–10,000 Employees
    • Used Weekly for 2+ years
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 9.0 /10

    Not looking back a second!

    Reviewed on 2020/02/28

    It is very user friendly product, easy to understand and maintain. The dashboards in the admin and...

    It is very user friendly product, easy to understand and maintain. The dashboards in the admin and user sites are very helpful. I've never met a team that is so proud and excited about what they are doing, keeping up with the latest developments in the software environment and their clients needs. In the more than 11 years working with the IDU team I never experience once a negative vibe or unwillingness to give assistance and support.

    Pros

    The adaptability of the product, it can be easily adapted to your needs when it is coming to budgeting and reporting.

    Cons

    There is no features that I like least. I would like for us to investigate the option to do workforce planning via IDU.

    Response from IDU

    Dear Antoinette
    Thank you so much for leaving us such a wonderful review. I have shared your kind words with our team. We put customer experience and satisfaction as our priority, and your review reaffirms all the hard work we put in every day. We look forward to seeing you again.

    Imke
    Overall rating
    • Industry: Banking
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 7.0 /10

    very good rounded product that offers flexibility and ease

    Reviewed on 2016/08/22

    Pros

    the wide variety of uses and the flexibility to customise it for your business.

    Cons

    to many separate modules to many add on you need to fully use the product

    Meeschal
    Overall rating
    • Industry: Printing
    • Company size: 5,001–10,000 Employees
    • Used Daily for 2+ years
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 8.0 /10

    IDU software review

    Reviewed on 2020/02/27

    Really happy with the product and there is always new updates and innovation.

    Really happy with the product and there is always new updates and innovation.

    Pros

    - Easy interface
    - Good reporting and budgeting features
    - Now integrated with Draftworx making statutory financials easier
    - Great support from IDU

    Cons

    - Front end interface not easily customisable.
    - No standard historic cash flow report.

    Response from IDU

    Dear Meeschal
    Thank you so much for taking the time to write a review of idu-Concept.
    It was great to read that the Draftworx integration is making your statutory financials easier. It really works well and is a very useful tool.

    I have also passed your feedback with regards to customer service on to our team. They will be delighted with the positive response.

    I have asked our team to look into assisting you with your concenrs over the front end interface.

    Brett
    Overall rating
    • Industry: Media Production
    • Company size: 1,001–5,000 Employees
    • Used Daily for 2+ years
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 6.0 /10

    IT Manager opinion

    Reviewed on 2022/11/03

    12 years with IDU and counting, I think it's a good team and a reliable product.

    12 years with IDU and counting, I think it's a good team and a reliable product.

    Pros

    From an IT perspective the platform is stable and easy to support and configure. We are fortunate to retain SQL skills in-house so non-standard queries or requirements are easy enough to implement, in partnership with the IDU team. We have changed structures over the years so we've had to go back to our first designs a few times, but we've been successful there.

    Cons

    SSIS requires specialised skills to support or administer.

    Showing 5 reviews of 82 Read all reviews

    IDU-Concept FAQs

    Below are some frequently asked questions for IDU-Concept.

    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.

    IDU-Concept has the following typical customers:

    51–200, 201–500, 501–1,000, 1,001–5,000

    IDU-Concept supports the following languages:

    English

    IDU-Concept supports the following devices:

    IDU-Concept integrates with the following applications:

    Dynamics 365, Dynamics 365 Business Central, JD Edwards EnterpriseOne, NetSuite, Pastel, SAP Business One, SYSPRO, Sage 300cloud, Sage 500, Sage 50cloud Pastel, Sage X3, Xero

    IDU-Concept offers the following support options:

    Email/Help Desk, Phone Support, Chat

    Related categories

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