Name: IDU Cloud Solution
Uploaded: 2019-05-21T07:48:23.000Z
Duration: 1 min 10 s
Description: IDU Cloud offers CPM capabilities without large capital expenditure outlays. Rather than buying servers, cloud provides access to infrastructure, security, reliability, scalability and performance.

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### Budgeting and Forecasting
Users generally praise IDU-Concept for its efficient budgeting and reporting capabilities. The tool streamlines the budgeting process, allowing for easy management and monitoring by department heads. Customizable management reports tailored to specific business needs enhance the overall budgeting experience. While some users note occasional system slowness and complexities in certain modules, the consensus remains positive regarding the accuracy, ease, and time-saving aspects of budgeting and forecasting with IDU-Concept. The tool's ability to centralize data, facilitate group-wide budgeting, and improve forecasting processes receives high marks from users, highlighting its value in enhancing financial planning and analysis.

### Financial Reporting
Users consistently highlight IDU-Concept's financial reporting as a key strength, emphasizing its user-friendly interface and the ease of generating reports for budgeting and decision-making. The system's ability to centralize reporting information and streamline the budgeting process receives positive feedback, with users appreciating the customization options available for management reports. Additionally, the integration with ERP systems and the provision of timely variance reports are noted as valuable features that enhance the overall reporting experience. While some users express a desire for more detailed reporting capabilities, particularly at a group level, the general sentiment remains positive towards IDU-Concept's financial reporting functionalities.

### Cost Management
Users generally express mixed opinions about IDU-Concept's cost management capabilities. While some appreciate the time-saving benefits and the ability to streamline travel budgets effectively, others find limitations in the system's flexibility when it comes to restructuring cost centers or accessing detailed line item reports. The platform's automation of consolidation processes and the ease of budget capture in real-time are highlighted as significant advantages. However, concerns are raised regarding the complexity of maintaining security access for cost centers and the perceived inefficiencies in managing remuneration and employee sections.

### Organizational Structure Management
Users consistently highlight IDU-Concept's organizational structure management as a key strength, enabling departments to manage their budget inputs effectively and facilitating easy monitoring and reporting. The system's flexibility in accommodating various reporting structures and the option to customize Excel reports are particularly valued by users. However, some users express concerns about the challenges of restructuring cost centers within different legal entities and the need to rebuild structures to visualize impacts. Despite these minor drawbacks, the overall sentiment leans towards a positive recommendation for organizations of all sizes to consider implementing IDU-Concept for its efficient organizational structure management capabilities.

### Performance Monitoring and Management
Users have praised IDU-Concept for providing real-time access to financial information, enhancing the financial acumen of managers, and fostering a culture of ownership and accountability for actual results. The platform's performance monitoring and management functionalities have streamlined budgeting processes, resulting in quicker and more efficient outcomes. Additionally, IDU-Concept has reduced the burden of manual reporting, allowing managers to focus on reviewing and analyzing results to drive better decision-making.

### Change Management
Users generally praise IDU-Concept's budgeting process management capabilities. However, some users find the level of detail in the tool daunting, particularly for new users. The complexity of certain setup processes, such as creating reallocation cycles and activity-based budgeting, may require additional time and resources for effective change management. Despite these challenges, once the initial setup is complete, users appreciate the tool's ability to streamline the budgeting process and facilitate easy review.

IDU has proven to be a valuable tool for organizations, streamlining the budgeting process and providing visibility into branch performance. Branch managers can easily measure their own performance and manage their budgets, thanks to the visibility IDU offers. Decision makers have full access to budget and spending information, enabling fast and accurate decision-making. This product has also resolved the challenge of using different systems for reporting by providing centralized reporting capabilities. Users have found IDU to be user-friendly and efficient, saving time in the budgeting process and improving overall productivity. The support provided by IDU is highly regarded and surpasses that of other software providers. With its extensive capabilities that can be tailored to suit an organization's needs, IDU is a valuable tool for not only budgeting but also for real-time reporting, forecasting, and analysis. Overall, IDU has received positive feedback from users who appreciate its efficiency, accuracy, and ability to simplify budgeting processes.

Confusing Budgeting Process: Users have found the process of uploading budgeted figures confusing, making it difficult to adjust budgeted amounts throughout the year. Several reviewers have expressed this issue.

Slowness and Limitations in System Performance: Some users experience slowness in the system when refreshing data and navigating menus, especially in the PPE budgeting module. Additionally, they face limitations when loading older assets or assets with significant useful lives. This has been mentioned by multiple reviewers.

Difficulty Building Reports and Understanding Formulas: Users struggle with building reports and understanding the formulas and column references to use. Several reviewers have mentioned this challenge, indicating a need for more clarity and guidance in this area.

User-friendly and easy-to-use: Many users have found IDU to be incredibly user-friendly and intuitive. They appreciate how easy it is to navigate the system, with minimal training required. Some users even mentioned that IDU is one of the most user-friendly budgeting and reporting systems they have used.

Convenient report exporting: Users highly value the ability to export reports from IDU into Excel. This feature allows for easier data analysis and sharing with others, enhancing overall productivity. Several users specifically mentioned how convenient it is to be able to export reports directly into Excel without any hassle.

Excellent customer support: The IDU team consistently receives high praise from users for their exceptional customer support. Users have reported that the support team is responsive, helpful, and accommodating throughout the implementation process. Many users also appreciated the speed of feedback and resolution provided by IDU's customer support team.

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Essentials

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IDU-Concept

Financial Planning and Analysis (FP&A)

Restaurants

Likelihood to Recommend

Usability

variance reporting drill down to journal.

<div><div><div>Empowered Financial Management<br><br>IDU-Concept is a budgeting, forecasting, and reporting system for midsize to large businesses in a wide variety of industries. In addition to these functions, the system also helps companies track spend, manage their assets and equipment, and more.
<br><br> IDU-Concept can be deployed in the cloud and paid as a monthly subscription, or purchased outright and installed on a local server, based on the preference and needs of each business.
<br><br> The Financial Reporting module aims to enhance visibility and provide full access to constantly updated, accurate data. <br><br>The Revenue Reporting module allows users to comment on and analyze revenue data in real-time. It also helps calculate anticipated outcomes, predict risk, and report on past numbers.
<br><br> Alerts are automated and customizable, notifying users whenever new information is uploaded into the database, or a particular data set needs attention.<table><tbody></tbody></table></div></div></div><div><br></div>

Financial Budgeting and Reporting Brochure

IDU simplifies financial management for non-financial managers. Its flagship product, IDU-Concept, provides budgeting and financial reporting for medium-sized to large businesses, and integrates with ERP software.

IDU Budgeting and Reporting

idu-Concept can reduce your budget cycle from months to weeks by automating rote processes and empowering business managers to understand, control and account for their budgets more effectively. When the budget process is transparent throughout the organisation, accountability becomes real – and accountants become more valuable. We make accurate data and analysis easily available,  real-time, so your finance team is freed up to take on the role of trusted advisor to the business.

Financial tools to empower managers at all levels of the organisation.

About IDU

Financial tools to empower managers at all levels of your organisation

IDU Cloud offers CPM capabilities without large capital expenditure outlays. Rather than buying servers, cloud provides access to infrastructure, security, reliability, scalability and performance.

IDU Cloud Solution

IDU Cloud offers world class CPM capabilities without large capital expenditure outlays. Rather than buying costly servers, cloud provides access to state-of-the-art infrastructure, security, reliability, scalability and performance.

IDU-Concept 2025-06-23 05:27:34

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Financial Planning and Analysis (FP&A) Software

We use IDU-Concept daily. We use it for Income Statements per cost centre as well as comparing actuals to budget and actuals to the prior year. This is available with a 30min window on the Cloud platform making it almost real-time. The Income Statements layouts, groups and view can be customised as needed. The standout feature however is the budgets module. Quick and easy budgets and forecasting.

Income Statements per cost centre
Budgets vs actuals per cost centre
Layout customisation for Income Statements

Sync delay for IDU-Concept and the ERP
Con-current user licensing model
Automatic period (i.e. open new period automatically) sync with the ERP

Our ERP cannot provide Income Statements per region and actual vs budget. So the ROI is immeasurable in this aspect. We report our results on a monthly basis.
Budgeting has become so much easier as we have over 50 cost centres that are populated by the business and imported with ease.
The ability to review the Income Statements based on cost centre and in detail per GL makes reviewing so much easier.

IDU-Concept

Overview

What is IDU-Concept?