Idu-Concept Software


 

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.

 

Idu-Concept - Variance analysis
 
  • Idu-Concept - Variance analysis
    Variance analysis
  • Idu-Concept - Analytics
    Analytics
  • Idu-Concept - Capture screens
    Capture screens
Supported Operating System(s):
Mac OS, Web browser (OS agnostic), Windows 8

11 Reviews of Idu-Concept

Showing 1-11 of 11

 

from Dark Fibre Africa (Pty) Ltd
Specialty: Telecommunications
Number of employees: 101 to 500 employees Employees number: 101 to 500 employees

Makes budget and actual reporting much easier!

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Likes Best

That each cost centre manager can access their actual spend against their budget, and it is user friendly for any employee.

Likes Least

Can currently not assist with a few of our other type of business requirements, an IDU team is looking into it.

Recommendations

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.

 

from GPi Slots
Specialty: Hospitality / Travel
Number of employees: 101 to 500 employees Employees number: 101 to 500 employees

Budgeting made easy

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Likes Best

The user interface is easily understandable and requires minimal training of staff to understand. This does however assume the staff has basic computer skills.

Likes Least

The administration of the product is a bit cumbersome and the vast number of settings available is a bit daunting at times.

Recommendations

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.

 

from Eskom Pension and Provident Fund
Specialty: Other
Number of employees: 101 to 500 employees Employees number: 101 to 500 employees

Review of IDU Budgeting and Reporting

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Likes Best

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.

Likes Least

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.

Recommendations

It is important to fully understand your needs and requirements before implementation.

 

from LegalWise
Specialty: Insurance
Number of employees: 501 to 1,000 employees Employees number: 501 to 1,000 employees

Brenda's review

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Likes Best

Ease of Budgeting & Forecasting. Managing monthly actuals against budget.

Likes Least

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.

Recommendations

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..

 

from University of Pretoria
Specialty: Education
Number of employees: More than 1,001 employees Employees number: More than 1,001 employees

Review of IDU - Budgeting

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Likes Best

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.

Likes Least

The system does not have a facility which performs checks and balances. We experienced issues with fiscal sets.

Recommendations

Understand your needs and requirements before implementation.

 

from TUHF
Specialty: Banking & Mortgage
Number of employees: 51 to 100 employees Employees number: 51 to 100 employees

very good rounded product that offers flexibility and ease

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Likes Best

the wide variety of uses and the flexibility to customise it for your business.

Likes Least

to many separate modules to many add on you need to fully use the product

Recommendations

get the training. have a clear idea of what you need and want.

 

from Capfin
Specialty: Other
Number of employees: More than 1,001 employees Employees number: More than 1,001 employees

Great product, problematic implementation

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N/A

Likes Best

Product is flexible, great look and feel for the non-finance user, easy user customization, excellent import/export capabilities, individual user parameters highly adaptable,

Likes Least

lacking built in checks and balances, drawn out implementation process

Recommendations

Have a very clear idea what the purpose of the software is before implementation

 

from Medipost Group
Specialty: Pharmaceuticals
Number of employees: More than 1,001 employees Employees number: More than 1,001 employees

Medipost Group idu Implementation Experience

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Likes Best

Automated management reporting using the analytics function on Excel PowerPivot.

Likes Least

Experienced difficulty with entering historic information and opening balances.

Recommendations

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.

 

from Cape Consumers
Specialty: Other
Number of employees: 21 to 50 employees Employees number: 21 to 50 employees

IDU's great budgeting tool will help make the right decisions!

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Likes Best

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!

Likes Least

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.

Recommendations

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.

 

from University of South Africa
Specialty: Education
Number of employees: More than 1,001 employees Employees number: More than 1,001 employees

A brief testimonial of Idu-Concept

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Likes Best

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.

Likes Least

Nothing, really! I can simply not think up anything!

Recommendations

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.

 

from Coronation Fund Managers
Specialty: Other
Number of employees: 101 to 500 employees Employees number: 101 to 500 employees

Definately recommend

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Likes Best

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

Likes Least

Haven't had any issues worth noting with the product of vendoe

Recommendations

Definitely look at incorporating the analytics modules of the package to make your reporting easier and more user friendly

 
 
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