Idu-Concept is a budgeting, forecasting, and reporting system for mid-sized 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.
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. The Financial Reporting module aims to enhance visibility and provide full access to constantly updated, accurate data. The Revenue Reporting module allows users to comment on and analyze the revenue data in real-time. It also helps calculate anticipated outcomes, predict risk, and report on past numbers.
Alerts are automated and customizable, and give users a notification whenever new information is uploaded into the database, or a particular data set needs attention.
Sahil from GS E&C
Employees number: 1,001-5,000 employees
Idu-Concept provides smart budgeting, forecasting, and reporting tools with easy-to-use modules which can be modified as per the business type it is being used in. It is an easy to use software which does not require too many hours of training and can be used by personnel with or without any background knowledge of accounting.
The software can be used on windows as well as mac devices.
Transparency between departments which reduces confusion by reducing redundant data and errors in spreadsheets.
Easy to use interface and to generate reports as well.
Idu can be used on-premise only as of now. I think Idu should work on designing the software to work on mobile devices as well.
I would suggest medium to large businesses to use this software. It is a cost effective software which does budgeting and forecasting efficiently.
Roelien from Dark Fibre Africa (Pty) Ltd
That each cost centre manager can access their actual spend against their budget, and it is user friendly for any employee.
Can currently not assist with a few of our other type of business requirements, an IDU team is looking into it.
Ensure that you have your requirements upfront ready and what the system can do now for you and what it will be able to do in the near future.
Shaun from GPi Slots
Specialty: Hospitality / Travel
The user interface is easily understandable and requires minimal training of staff to understand. This does however assume the staff has basic computer skills.
The administration of the product is a bit cumbersome and the vast number of settings available is a bit daunting at times.
If the focus of your budgets is for collation and accountability at HOD level then it is an excellent product. If you looking for more advanced features which is standard in some budgeting tools then this one is not for you. The other huge benefit is the price and that it is a locally developed product which means support at all levels including development is a local phone call away.
Stephen from Eskom Pension and Provident Fund
The budget and forecast application is user friendly and supports driving responsibility for managing budgets to the budget owners, and assists the Finance team to effectively monitor budgets and forecasts accurately. The IDU team have the right skill sets & knowledge / experience, understand the budget process, and, full and speedy support is available from day one of the implementation process.
The e-mail functionality currently does not support a hosted shared environment requiring user ID and password, as it uses a generic name: anonymous.
IDU are currently looking into the situation.
It is important to fully understand your needs and requirements before implementation.
Brenda from LegalWise
Ease of Budgeting & Forecasting. Managing monthly actuals against budget.
Nothing really, wish I had more time to spend on IDU to see what it has to offer, that we don't use. Unfortunately I hardly get that time.
Make the administrator side more user friendly. I find it not as user friendly and the client side..
Asset module, gives issues from time to time, we need to attend to this, it's not consistent..
Naeem from University of Pretoria
Product is flexible, easy to use, , easy to customise, excellent import/export capabilities.
Vendor is always available and understands the user's needs. Quick turnaround time on resolving issues.
The system does not have a facility which performs checks and balances. We experienced issues with fiscal sets.
Understand your needs and requirements before implementation.
Imke from TUHF
Specialty: Banking & Mortgage
the wide variety of uses and the flexibility to customise it for your business.
to many separate modules to many add on you need to fully use the product
get the training. have a clear idea of what you need and want.
Beverley from Capfin
Product is flexible, great look and feel for the non-finance user, easy user customization, excellent import/export capabilities, individual user parameters highly adaptable,
lacking built in checks and balances, drawn out implementation process
Have a very clear idea what the purpose of the software is before implementation
Andre from Medipost Group
Automated management reporting using the analytics function on Excel PowerPivot.
Experienced difficulty with entering historic information and opening balances.
The software is affordable and very adaptable and can run with almost any accounting system which makes it possible to migrate to new platforms without the hassle of recreating new budget & reporting systems again.
Monty from Cape Consumers
The budget & forecast application is user friendly and supports driving responsibility for managing budgets to the budget owners, and assists the Finance team to effectively monitor budgets and forecast accurately. IDU has a great culture - the team have the right skill sets & knowledge / experience, understand the budget process (not just good application developers!), and fully support you from day one through to successful implementation and beyond. This is the experience a customer wants with a product and the service!
There is nothing to complain about - really! Whilst one can always improve on a product and service, I always get the impression that IDU are already one step ahead planning for the next improvements to their product when as a user you suggest an improvement.
IDU offer serious value for money - take the plunge and don't allow the cost to be a barrier to acquiring IDU's budgeting tool if you fit their target market. Also look out for the analytics module. Worth considering from day 1.
Willem from University of South Africa
Proudly South African, developed with our unique requirements and collective character in mind. Keeping up with the latest technological as well as other related developments at all times, responding positively to the requirements of individual clients as well as clients within a specific industry (in our case, the Higher Education (HE) sector). Finally, a helpdesk as well as other technical and client support services operating at the speed of light.
Nothing, really! I can simply not think up anything!
Taking into consideration of, as well as knowing exactly what you want at the end, as well as response times expected and delivered upon. Also, needs arising from the specific industry in which you find yourself and the resulting power of "collective bargaining" as an industry and the response of the service provider thereto, as opposed to bargaining power as an individual client.
Clinton from Coronation Fund Managers
Simple to use product with lots of flexibility to do slice and dice information how you want to see it. Staff are extremely helpful and always willing to help or look at different ways to do things
Haven't had any issues worth noting with the product of vendoe
Definitely look at incorporating the analytics modules of the package to make your reporting easier and more user friendly