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idu-Concept

4.3
(16 reviews)

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

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idu-Concept Reviews

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Showing 16 idu-Concept reviews
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idu-Concept review by Monty S.
Monty S.
Validated Reviewer
Verified Current User
Review Source

"More than just a budget tool!"

What do you like best?

IDU is not only a great and easy to use budgeting application, but helps drive day to day ownership of business unit or departmental budgets, cost management, revenue growth and variance reporting by the business unit or department leaders. The team behind IDU, and lead by Kevin Philips, have lived and breathed preparing budgets and have an infinite understanding of what the user requires.

What do you dislike?

Nothing to dislike! Most great products tend to have poor service - not with IDU ... a great team who are customer centric!

What business problems are you solving with the product? What benefits have you realized?

Our budget, expense analysis, & variance reporting are supported by IDU's CPM. Benefits have been improved efficiency and improved accuracy in preparing budgets and monthly management account reporting. Furthermore, ownership of business unit budgets has been decentralised.

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idu-Concept review by Natashia  N.
Natashia N.
Validated Reviewer
Review Source

"Good service from IDu"

What do you like best?

Financial Budgeting and reporting Model is user friendly. The functionality to drill down to the details of the transactions gives management more information at their finger tips . The ability to export reports into excell for the users. The fact that all the information required is availible in one system , financial and non financial. It easy to effect changes on the forecast and keep track of the changes with the notes so that all users are aware.

What do you dislike?

Setting up of user access in every fiscal set and layout setups .

The moving of cost centres have to be done for the user in every set , this is time consuming especiall if there are alot of cost centres. There layout sets - it would be nice to have notes on how to set up different layouts. Manages have requested a Dash board , there are no notes as to how to set this up .

The printing of from the screen, the entire page doesnt print .

Recommendations to others considering the product

it is a user friendly tool, gives the required information , saves time and is efficient and also intergrates into other financial reporting systems.

What business problems are you solving with the product? What benefits have you realized?

Asset reporting , all assets are verified by managers in their departments , cuts out the paper work to the Finance team. I have trained my managers in Botswana and Namibia on how to use IDU and they now have acess to the financial information which helps my team to work more effeciently.

What Corporate Performance Management (CPM) solution do you use?

Thanks for letting us know!
idu-Concept review by Amanda A.
Amanda A.
Validated Reviewer
Review Source

"Excellent & user-friendly "

What do you like best?

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).

What do you dislike?

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.

What business problems are you solving with the product? What benefits have you realized?

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.

idu-Concept review by Mohammed H.
Mohammed H.
Validated Reviewer
Verified Current User
Review Source

"Budgets simplified"

What do you like best?

The flexibility of the system and the authority levels for users. I also like the analytics function.

What do you dislike?

I have no issues really. I would like there to be one login for the Budgeting and Reporting Module but this is cosmetic.

Recommendations to others considering the product

I would recommend it because our entity is very 'fussy' and this system is also working for non-financial employees with ease.

What business problems are you solving with the product? What benefits have you realized?

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.

idu-Concept review by Clinton M.
Clinton M.
Validated Reviewer
Verified Current User
Review Source

"Excellent software and support "

What do you like best?

Can slice and dice the general ledger in any way you wish to get the reporting format you need. The ability to drill down into any number shown.

What do you dislike?

It can be a bit overwhelming for new users in terms of all the options and the navigation around the package

Recommendations to others considering the product

Discuss your requirements with the consultants and get a demo. Chat to others in your industry who have used IDU as they do cover a vast number of industries.

What business problems are you solving with the product? What benefits have you realized?

Ability to see up to date information regarding expenses compared to the budget. Massive help having the IDU Analytics when it comes to reporting

idu-Concept review by Mandilakhe M.
Mandilakhe M.
Validated Reviewer
Verified Current User
Review Source

"IDU is a great tool for both Financial Budgeting and Financial Reporting."

What do you like best?

IDU is very easy to understand and user-friendly especially for non-finance people. Ever since I started using IDU in 2014 Budget iterations and version controls are more efficient as compared to Excel spreadsheets.

What do you dislike?

It would be great if one can be able to select multi Cost Centres or different Cost Centre codes at the same time, perhaps an analytics functionality can solve this problem.

What business problems are you solving with the product? What benefits have you realized?

Managers are making more informed decisions as they have real time access to the financial information of their respective functions. This has resulted in reduced Planning and Operational Inefficiency Variances.

idu-Concept review by Tommie R.
Tommie R.
Validated Reviewer
Review Source

"University of Johannesburg"

What do you like best?

Simple, efficient and short implementation required, on-site with client involved every step of the way. This also served as "training" and knowledge transfer on how the system operates and how it should be maintained. We find their helpdesk to be one of their biggest strengths, with efficient client specific assistance almost immediate. The possibility of multiple, different, structures, both for reporting and budget presentation is something to first grasp, but it is very powerful.

What do you dislike?

Not much to dislike, some newly added functionality that does not form part of the standard package could be a costly add-on.

What business problems are you solving with the product? What benefits have you realized?

Single platform for budget capture, submission and review, with instant consolidation of business units.

Multiple structures available for different reporting structures and views.

idu-Concept review by Willem d.
Willem d.
Validated Reviewer
Review Source

"Timely and relevant financial information at the touch of a button"

What do you like best?

The turnaround time on the annual budgeting process has been reduced with around 6 weeks since implemention. In addition, subsequent product developments and upgrades has reflected attention to customer needs. The response time on queries logged with the helpdesk is also commendable; if not resolved the same day/next day, issues are logged with subsequent solutions/improvements.

What do you dislike?

I cannot think of anything, will need to nitpick to find something.

Recommendations to others considering the product

Put simply, answers to all the needs

What business problems are you solving with the product? What benefits have you realized?

Reduced turnaround time on budgeting; relevant solutions, improved data analysis.

idu-Concept review by Cecilia V.
Cecilia V.
Validated Reviewer
Review Source

"IDU Concept is the best budget , forecasting and providing management accounts tool that we have use"

What do you like best?

Budgeting - we are a big multi company user and we are able to budget by person for +- 27000 people. Consolidating and building budget structures is a breeze. able to fit into any CRM you may use with real time data all the time.

What do you dislike?

There is nothing that I dislike very easy to use user friendly system.

What business problems are you solving with the product? What benefits have you realized?

Consolidation of budgets, reporting

idu-Concept review by Dewald G.
Dewald G.
Validated Reviewer
Review Source

"Helpful and great support"

What do you like best?

One place, with one version of the truth, and all changes are immediately available in the relevant views.

What do you dislike?

The detail of the budget break out per line item does not export. Only totals are exported. Also doing different scenarios are challenging in IDU.

What business problems are you solving with the product? What benefits have you realized?

Budget process is far more efficient and we have given ownership and visibility back to the budget owners.

idu-Concept review by Prosper M.
Prosper M.
Validated Reviewer
Review Source

"IDU in Residential Property"

What do you like best?

IDU is a no frills, no fuss, straight system that we use in our company for budgeting and reporting. Its easily understood by both the accountants and the business.

What do you dislike?

IDU works well for our budgeting and reporting requirements.

Recommendations to others considering the product

IDU is an easy to use IT system.

What business problems are you solving with the product? What benefits have you realized?

Multi year budgeting and Monthly reporting and Board Reporting Quarterly.

idu-Concept review by Carla F.
Carla F.
Validated Reviewer
Review Source

"New at this"

What do you like best?

The client module. It is straightforward and easy to use.

What do you dislike?

The admin module. It is not easy to use and easily gets into a mess.

What business problems are you solving with the product? What benefits have you realized?

Budgeting tool and reporting. We are poised to use it for budgeting for our next cycle but the reporting is still not being used.

idu-Concept review by Sphindile M.
Sphindile M.
Validated Reviewer
Review Source

"User friendly"

What do you like best?

easy to navigate for all my reports. Comparisons of my reports is simpler

What do you dislike?

nothing as yet. I started using IDU 2 months ago

What business problems are you solving with the product? What benefits have you realized?

Comparisons of Actuals, forecast and budget. Makes analysis simpler

idu-Concept review by Administrator
Administrator
Validated Reviewer
Review Source

"IDU Concept is a great budgeting tool that met our Institution's needs."

What do you like best?

The tool is easy to implement. It is easy to learn and understand. The staff are always friendly and helpful. It was a great buy for our Institution.

What do you dislike?

Some of the IDU standard reports are not very user friendly. There are a few standard functionalities that could be tweaked a bit.

What business problems are you solving with the product? What benefits have you realized?

Our Institution uses it for budgeting and adhoc reporting. It has simplied and streamlined our budgeting processes.

idu-Concept review by Administrator
Administrator
Validated Reviewer
Review Source

"IDU Budgeting Tool "

What do you like best?

IDU is the complete budgeting system. It assisted HCSA especially from a consolidation point of view. We would strongly recommend IDU for your business.

What do you dislike?

We would have liked if IDU had more excel functionality, however this is not a big issue.

What business problems are you solving with the product? What benefits have you realized?

Consolidation is the biggest benefit.

idu-Concept review by Administrator in Gambling & Casinos
Administrator in Gambling & Casinos
Validated Reviewer
Review Source

"IDU Budgeting Tool review"

What do you like best?

The tool is very user friendly and easy to use.

Its web-based so accessible from anywhere.

What do you dislike?

Creating structures in admin module is sometimes complex.

What business problems are you solving with the product? What benefits have you realized?

Budgeting and Forecast time frames has reduced drastically.

Kate from G2 Crowd

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