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IDU has proven to be a valuable tool for organizations, streamlining the budgeting process and providing visibility into branch …
Overview
What is IDU-Concept?
Budgeting, Forecasting, Reporting and ModellingIDU supports business agility through real-time, accurate, inclusive budgeting, forecasting and reporting.IDU’s budgeting, forecasting and reporting tools are designed for both financial and non-financial managers to use and understand. The solution is presented through a web-based…
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What is IDU-Concept?
Budgeting, Forecasting, Reporting and Modelling IDU supports business agility through real-time, accurate, inclusive budgeting, forecasting and reporting. IDU’s budgeting, forecasting and reporting tools are designed for both financial and non-financial…
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Product Details
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What is IDU-Concept?
Budgeting, Forecasting, Reporting and Modelling
IDU supports business agility through real-time, accurate, inclusive budgeting, forecasting and reporting.
IDU’s budgeting, forecasting and reporting tools are designed for both financial and non-financial managers to use and understand. The solution is presented through a web-based platform, offering real-time aggregation and consolidation of budget values, with point and click reporting. The vendor states that the user's budget cycles can be reduced by up to 75%.
IDU interfaces an with existing ERP solution to resolve problems inherent in spreadsheet-based budgeting, forecasting and reporting.
Available in Light, Standard and Enterprise editions, with varying levels of functionality and complexity to meet a company’s specific requirements. Users can choose to deploy IDU-Concept on-premise, in a private cloud of choice or in IDU's Microsoft Azure-based cloud —all the platforms offer exactly the same functionality.
IDU's value proposition is that:
- IDU-Concept is easy enough to use and understand that it creates an environment that enables even the non-financial managers to become pro-active in building their own budgets.
- IDU-Concept allows users to access data from the highest level down to individual cost centres/accounts.
- IDU can be securely accessed anywhere and anytime through computers, mobile devices, and tablets.
- The IDU Solution allows clients to upscale or downscale their requirements with their changing business needs.
- Decision-makers can have access to insight into critical operating variances.
- Cloud ensures that the solution is always updated to the newest release and allows customers to always work with the latest functionality
IDU-Concept Features
Budgeting, Planning, and Forecasting Features
- Supported: Long-term financial planning
- Supported: Financial budgeting
- Supported: Forecasting
- Supported: Scenario modeling
- Supported: Management reporting
Consolidation and Close Features
- Supported: Financial data consolidation
- Supported: Journal entries and reports
- Supported: Multi-currency management
- Supported: Intercompany Eliminations
- Supported: Minority Ownership
- Supported: Local and consolidated reporting
Financial Reporting and Compliance Features
- Supported: Financial Statement Reporting
- Supported: Management Reporting
- Supported: Excel-based Reporting
Analytics and Reporting Features
- Supported: Personalized dashboards
- Supported: Color-coded scorecards
- Supported: Cost and profitability analysis
- Supported: Key Performance Indicator setting
Integration Features
- Supported: Flat file integration
- Supported: Excel data integration
- Supported: Direct links to 3rd-party data sources
BI Standard Reporting Features
- Supported: Customizable dashboards
Ad-hoc Reporting Features
- Supported: Drill-down analysis
- Supported: Predictive modeling
- Supported: Report sharing and collaboration
Report Output and Scheduling Features
- Supported: Publish to Web
- Supported: Publish to PDF
- Supported: Report Delivery Scheduling
Data Discovery and Visualization Features
- Supported: Pre-built visualization formats (heatmaps, scatter plots etc.)
- Supported: Predictive Analytics
- Supported: Support for Machine Learning models
Access Control and Security Features
- Supported: Multi-User Support (named login)
- Supported: Role-Based Security Model
- Supported: Multiple Access Permission Levels (Create, Read, Delete)
- Supported: Report-Level Access Control
- Supported: Single Sign-On (SSO)
IDU-Concept Screenshots
IDU-Concept Videos
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.
Financial tools to empower managers at all levels of the 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-Concept Integrations
- Elite 3E
- ABB Ability Ellipse
- Oracle JD Edwards EnterpriseOne
- Oracle PeopleSoft SCM
- SYSPRO
- Oracle JD Edwards World, discontinued
- Infor LN
- Infor LX
- ACS-Embrace
- Greentree ERP
- Kerridge K8
- Microsoft Dynamics 365 Business Central
- Oracle Fusion Cloud ERP
- Sage 300
- Sage 500 ERP
- Sage X3
- Microsoft Dynamics AX, discontinued
- Microsoft Dynamics GP
- SAP Business One
- SAP S/4HANA Cloud
- Sage 50cloud Accounting
- Sage 200 Evolution
- MRI Property Central
- Integrated Tertiary System
- Legacy
- Legal Suite
- Masterpiece
- Mistro
- Nicor
- Omnia 2
- Rascle - Progress Based
IDU-Concept Competitors
IDU-Concept Technical Details
| Deployment Types | On-premise, Software as a Service (SaaS), Cloud, or Web-Based |
|---|---|
| Operating Systems | Windows, Linux, Mac |
| Mobile Application | Mobile Web |
IDU-Concept Downloadables
IDU-Concept Customer Size Distribution
| Consumers | 0% |
|---|---|
| Small Businesses (1-50 employees) | 2% |
| Mid-Size Companies (51-500 employees) | 68% |
| Enterprises (more than 500 employees) | 30% |
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Reviews
Community Insights
TrustRadius Insights are summaries of user sentiment data from TrustRadius reviews and, when necessary, 3rd-party data sources. Have feedback on this content? Let us know!
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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.
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.
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.