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.

  • Devices

    Business size

    S M L

    Markets

    United Arab Emirates, Australia, Brazil, Botswana, Canada, United Kingdom, Ireland, Mexico, Namibia, New Zealand, United States, South Africa

    Supported Languages

    English

    Pricing starting from:

    US$50,00/month

    • Free Version
    • Free Trial
    • Subscription

    Images

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

    Features

    Total features of idu-Concept: 53

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

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    Reviews

    Overall rating

    4,3 /5
    (75)
    Value for Money
    4,3/5
    Features
    4,2/5
    Ease of Use
    4,1/5
    Customer Support
    4,5/5

    Already have idu-Concept?

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

    Write a Review!
    Showing 5 reviews of 75
    Verified Reviewer
    Overall rating
    • Industry: Government Administration
    • Company size: 501-1 000 Employees
    • Used for 2+ years
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 10.0 /10

    Budget management and monitoring made easier

    Reviewed on 2018/09/10

    The IDU system has addressed the major issue of accountability and ownership of the budget by...

    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.

    Grant R.
    Overall rating
    • Industry: Financial Services
    • Company size: 501-1 000 Employees
    • Used Daily for 1-5 months
    • Review Source

    Overall rating

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

    Idu has real depth of functionality

    Reviewed on 2020/02/27

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

    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

    Alternatives Considered

    Vena

    Reasons for Switching to idu-Concept

    The system design will allow us to implement a structured approach to budgeting while retaining the flexibility required

    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.

    Elgar A.
    Overall rating
    • Industry: Restaurants
    • Company size: 201-500 Employees
    • Used Daily for 6-12 months
    • Review Source

    Overall rating

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

    Review for medium to large corporations

    Reviewed on 2021/06/07

    Overall a positive experience as it displays all the necessary and required information at a click...

    Overall a positive experience as it displays all the necessary and required information at a click of a button or two.

    Pros

    The speed and detail that is readily available which is not easily replicated.

    Cons

    The ability to stack and select a variety of cost centres as desired. A good example is the decision to restructure certain cost centres in different legal entities. You cannot see the impact without rebuilding a new cost centre structure.

    Response from idu Software

    Dear Elgar
    Thank you so much for taking the time to leave a review of your experience of idu-Concept. We are glad to hear that overall you are having a positive experience using our solution. With regards to the issues you are having with "stacking" cost centres, I believe your IDU consultant David has been in touch and has installed the Third Dimension functionality for you. We are confident that this should remove your current frustrations and create a much better experience going forward.
    Kind Regards
    The IDU Team

    Willie S.
    Overall rating
    • Industry: Government Administration
    • Company size: 201-500 Employees
    • Used Daily for 2+ years
    • Review Source

    Overall rating

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

    Great budgeting tool!

    Reviewed on 2020/02/27

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

    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

    Fatima A.
    Overall rating
    • Industry: Education Management
    • Company size: 5 001-10 000 Employees
    • Used Daily for 1+ year
    • Review Source

    Overall rating

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

    UCT Feedback

    Reviewed on 2020/02/27

    The customer service provided by IDU is excellent. Their staff are always willing to assist and...

    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

    Showing 5 reviews of 75 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+

    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, Epicor ERP Financial Management, JD Edwards EnterpriseOne, Microsoft Dynamics GP, Pastel, SAP Business One, SYSPRO, Sage 500, Sage Business Cloud, Sage X3

    idu-Concept offers the following support options:

    Email/Help Desk, Phone Support, Chat

    Related categories

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