idu-Concept Pricing, Features, Reviews & Comparison of Alternatives

idu-Concept

Corporate performance management solution

4.28/5 (44 reviews)

idu-Concept overview

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.
www.idusoft.com

Pricing

Starting from
$50/month
Pricing options
Value for money
View Pricing Plans

Devices

Business size

S
M
L

Markets

Australia, Middle-East and Africa, United Kingdom

Supported languages

English
idu-Concept screenshot: Data can be captured automatically and users can view results in real timeSwitch to idu-Conceptidu-Concept screenshot: Budgets, forecasts, comparative years, and actual spend can be comparedidu-Concept screenshot: Variance analysis includes the ability to drill down and add commentsidu-Concept can reduce your budget cycle from months to weeksidu-Concept : Overview

idu-Concept reviews

Value for money
Features
Ease of use
Customer support
  4.2
  4.2
  4.1
  4.4
Maria Moses

Journeying with IDU

Used daily for 2+ years
Reviewed 2017-02-23
Review Source: Software Advice

Started using the system in 2014. It is a user friendly system with amazing functionalities. It has really made our work processes more efficient. The support/helpdesk is very efficient as Users' needs/queries are addressed as soon as possible.

Pros
The analytical reporting and the Recodes and Accruals are excellent functionalities available on idu Version 5. The idu-Concept Administrator is very user friendly which makes it easier for any person to manage the admin environment, no IT/system developing skills required hence no support agreement is needed.

Cons
No cons that I can think of, the system offers functionalities that meet the needs of businesses. It is responsive to business needs especially the latest Version 5 has made a significant move in addressing business needs. The system provides value for money and its implementation cost is reasonable.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Amanda Albrecht

Best add-on to you financial system

Used daily for 2+ years
Reviewed 2018-05-03
Review Source: Software Advice

IDU has made reporting, budgeting & forecasting an administrative dream for my department. I would highly recommend IDU for any business, big or small.

Pros
Easy to use for non-financial users. Ability to adapt and customize system to suit our business on a continuous basis. Easy to understand system & use it in our day to day business for reporting & decision making. Admin ability to create, change or update anything, without depending on IDU consultants. Feedback & assistance from Helpdesk & Consultants are always fast & effective!

Cons
That I cannot see 'back-end' rules to make sure it is in line with my expectations. IDU is very fiscal set restricted (causing duplication of work & errors to occur). Structures is also very specific, again duplication of work (would be nice to have a 'main' set up where all structures feed from).

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 8/10

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Masana Mabasa

IDU User - Corobrik

Used daily for 2+ years
Reviewed 2017-03-14
Review Source: Software Advice

I have been working on the IDU programme/software for the last four years and i am impressed with the programme and all the functions that are offered. We mainly use it for our budgeting process and i am quite happy with how everything is structured. We recently upgraded to the latest version of IDU and there are some features that are no longer available and most people struggled to find their way on how to go about using the programme but the overall experience has been awesome and the wonderful team at IDU KZN has been very helpful.

Pros
The reports, i think they a have been designed in such a way that they even if a person has never worked on the IDU programme, one can easily interpret the information.

Cons
We always have to email our queries and not communicate our queries over the phone. I think IDU should introduce team viewer to be able to see on our screens what issues we have.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 7/10

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Hayley Herbst

Moving from Excel Macros to idu-Concept

Used daily for 1-2 years
Reviewed 2019-05-16
Review Source: Capterra

Using idu-concept in our last annual budget setting process allowed the process to be more efficient. With staff able to concurrently access their project areas and add comments or make changes as needed, a reduced timeframe was needed for the process and as well as being less stressful for all!

Pros
The direct integration and daily refresh from our accounting system into idu-concept allows non Finance managers and staff to proactively monitor and manage their areas of responsibility on an ongoing basis, reviewing results against budget without having to wait until manual excel based reports are run by Finance or month end reports are sent out.

Cons
The excel reports do need more tailoring to ensure they are set up to provide the information we need in the format we need

Rating breakdown

Ease of use
Features
Customer support

Likelihood to recommend: 9/10

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Katlego Thuto

The Best Budgeting Software

Used daily for 1-2 years
Reviewed 2019-04-11
Review Source: Capterra

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.

Pros
The fact that its excel based makes it easy to use. The user flexibility and customization makes IDU perfect for reporting.

Cons
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.

Response from idu Software


Hi Katlego

Thank you so much for taking the time to write a review on idu-Concept it is much appreciated.

Your IDU Account Manager will be in touch with you to assist with your CAPEX query.


Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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idu-Concept pricing

Starting from
$50/month
Pricing options
Subscription
View Pricing Plans

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

idu-Concept features

Activity Dashboard
Audit Trail
Customizable Reporting
Financial Analysis
Multi-Currency
Real Time Data
Reporting & Statistics

API (216 other apps)
Accounting Integration (147 other apps)
Accounting Management (147 other apps)
Automatic Notifications (133 other apps)
Billing & Invoicing (147 other apps)
Compliance Management (133 other apps)
Data Import/Export (139 other apps)
Electronic Payments (135 other apps)
Expense Tracking (136 other apps)
Invoice Management (194 other apps)
Invoice Processing (123 other apps)
Third Party Integration (149 other apps)
Workflow Management (115 other apps)

Security and privacy

Encryption

Encryption of sensitive data at rest
HTTPS for all pages

Access control

Multi-factor authentication options
This will ask you to sign in with LinkedIn

Additional information for idu-Concept

Key features of idu-Concept

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

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.