Idu-Concept Software


 

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.

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 revenue data in real-time. It also helps calculate anticipated outcomes, predict risk, and report on past numbers.

Alerts are automated and customizable, notifying users 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

24 Reviews of Idu-Concept

Showing 1-20 of 24

 

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Flynn from Rohlig-Grindrod
Specialty: Other
Number of employees: 201-500 employees Employees number: 201-500 employees

April 2017

April 2017

Overall experience was good although the number of cost centres can become very time consuming with any changes that are made.

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

The system is not very user friendly when working with many cost centers and an expense account across all needs to be reviewed. The changing and creating of reports also needs to be simplified. On certain functions, the number of import files required is very time consuming.

Pros

The structure of the system is good and the multi-user function allows overall teamwork. The different account types contribute to overall control and accuracy of input.

Cons

The percentage allocation option can become very complicated with the levels of calculations required.
The balance sheet and cash flow options have served no purpose due to setup and training.

 
 

Chris from Kargo Group of Companies
Specialty: Transportation
Number of employees: 501-1,000 employees Employees number: 501-1,000 employees

April 2017

April 2017

Using the IDU Budgeting Software

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

For years the budgets were done on an Excel Spreadsheet. With 3 Companies, multiple divisions and about 9 branches, it was a constant nightmare to keep everything in sync. Spreadsheet were send to branch managers to modify. These spreadsheets were then sent back for finance to incorporate it into the main spreadsheet, Sometimes there were multiple versions of the spreadsheets and just maintaining the Main spreadsheet was a challenge.

Using IDU now allows all users to work on the budgeting software at the same time. Costs that cannot be broken down into IDU are done on a spreadsheet and referred to from within IDU. The time it now takes to complete the budgets has drastically reduced. Comparisons to live data as well as the past year makes complete sense when users are trying to complete their budgets.

 
 

Masana from Corobrik
Specialty: Manufacturing
Number of employees: 5,001-10,000 employees Employees number: 5,001-10,000 employees

March 2017

March 2017

IDU User - Corobrik

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

I have been working on the IDU programme/software for the last four years and i am impressed with the programme and all the functions that are offered. We mainly use it for our budgeting process and i am quite happy with how everything is structured. We recently upgraded to the latest version of IDU and there are some features that are no longer available and most people struggled to find their way on how to go about using the programme but the overall experience has been awesome and the wonderful team at IDU KZN has been very helpful.

Pros

The reports, i think they a have been designed in such a way that they even if a person has never worked on the IDU programme, one can easily interpret the information.

Cons

We always have to email our queries and not communicate our queries over the phone. I think IDU should introduce team viewer to be able to see on our screens what issues we have.

 
 

Zeko from Zambia ICT Authority (ZICTA)
Specialty: Government Agencies
Number of employees: 51-200 employees Employees number: 51-200 employees

March 2017

March 2017

Review of IDU

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

IDU Budget Concept is a tool that helped us be able to view actuals from our Sage ERP against Budget. The tool has good segregation of data such that you only view the cost centre you are entitled to. It is a great product. It however,just like other software solutions, requires to be introduced carefully in an organisation with good training and refresher training for high acceptance of the software by many users in an organisation.

Pros

The Software is ease to use and has an appealing User Interface.

Cons

- Custom reports are not so easy to design - You always have to rely on the Consultants

 
 

Ashraf from Old Mutual
Specialty: Insurance
Number of employees: 10,000+ employees Employees number: 10,000+ employees

February 2017

February 2017

Ashraf Hay Review

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

None

Pros

I find IDU intuitive and easy to use. Everything is where you expect it to be and also works in the way you expect it to.

Cons

No Cons. With the ever changing landscape, there are always opportunities for enhancements in functionality

 
 

Maria from CRAN
Specialty: Other
Number of employees: 11-50 employees Employees number: 11-50 employees

February 2017

February 2017

Journeying with IDU

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Started using the system in 2014. It is a user friendly system with amazing functionalities. It has really made our work processes more efficient. The support/helpdesk is very efficient as Users' needs/queries are addressed as soon as possible.

Pros

The analytical reporting and the Recodes and Accruals are excellent functionalities available on idu Version 5. The idu-Concept Administrator is very user friendly which makes it easier for any person to manage the admin environment, no IT/system developing skills required hence no support agreement is needed.

Cons

No cons that I can think of, the system offers functionalities that meet the needs of businesses. It is responsive to business needs especially the latest Version 5 has made a significant move in addressing business needs. The system provides value for money and its implementation cost is reasonable.

Advice to Others

It is worth finding out more about this software and am sure you will end up implementing it because it offers functionalities that every business requires. The system is really user friendly and you do not need a maintenance/support agreement, you basically maintain your own system which is a huge cost saving to the business.

 
 

Kenneth from BTCL
Specialty: Telecommunications
Number of employees: 501-1,000 employees Employees number: 501-1,000 employees

February 2017

February 2017

Review of IDU

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

The product has been very useful for my organisation and because its integrated with excel it makes it all even better.

Pros

Ease of use

 
 

Maeez from SACU Secretariat
Specialty: Government Agencies
Number of employees: 10,000+ employees Employees number: 10,000+ employees

February 2017

February 2017

GREAT PRODUCT

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

It is unusual to find a budgeting system that caters for budgeting and reporting. IDU offers the solution.

Pros

The ease of use and integration capability.

Cons

It is not specifically designed for the public sector, and its presentation design is largely private sector based.

Advice to Others

Rather ask for a demo first, to see the functionality and features.

 
 

Fayaz from Communicare
Specialty: Real Estate
Number of employees: 51-200 employees Employees number: 51-200 employees

February 2017

February 2017

Review

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Been using it for a year. Great support, good product

Pros

Ease of budget and forecast consolidations. Ease of integration with ERP

 
 

Hilbert from Intercape Ferreira Mainliner
Specialty: Transportation
Number of employees: 1,001-5,000 employees Employees number: 1,001-5,000 employees

February 2017

February 2017

Versatility

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

IDU enables us to really automate the budget process (in so much as it is possible) by providing multiple approaches that work together.

Advice to Others

There are so many ways to reach the desired result- speak to other users or your consultants. The advice is invaluable.

 
 

Esti from FPT Group (Pty) Ltd
Specialty: Distribution
Number of employees: 51-200 employees Employees number: 51-200 employees

February 2017

February 2017

IDU software

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Wonderful product with vast applications and functionalities

Pros

It's adaptability - we are not a cookie cutter type business and IDU could still adapt to meet our needs.

Cons

The admin side can be a bit confusing for users.

Advice to Others

It is an awesome tool and can be used for budgeting and reporting.

 
 

Judy from Bidfreight Port Operations Pty Ltd
Specialty: Other
Number of employees: 201-500 employees Employees number: 201-500 employees

February 2017

February 2017

IDU made for us

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

We use this product for forecasting and budgeting. We can now forecast to our head office using the latest information that is available.

Pros

Made our lives easier. Very easy to use. Different forms of budgeting accounts cater for everything. Helps us understand what is happening in all our branches.

 
 

Sahil from GS E&C
Specialty: Consulting
Number of employees: 1,001-5,000 employees Employees number: 1,001-5,000 employees

November 2016

November 2016

Smart software solution for budgeting and forecasting

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

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.

Pros

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.

Cons

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.

Advice to Others

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
Specialty: Telecommunications

September 2016

September 2016

Makes budget and actual reporting much easier!

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

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.

 
 

Shaun from GPi Slots
Specialty: Hospitality / Travel

September 2016

September 2016

Budgeting made easy

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

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.

 
 

Stephen from Eskom Pension and Provident Fund
Specialty: Other

September 2016

September 2016

Review of IDU Budgeting and Reporting

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

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.

 
 

Brenda from LegalWise
Specialty: Insurance

August 2016

August 2016

Brenda's review

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

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..

 
 

Naeem from University of Pretoria
Specialty: Education

August 2016

August 2016

Review of IDU - Budgeting

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

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.

 
 

Imke from TUHF
Specialty: Banking & Mortgage

August 2016

August 2016

very good rounded product that offers flexibility and ease

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

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.

 
 

Beverley from Capfin
Specialty: Other

August 2016

August 2016

Great product, problematic implementation

Ease-of-use

Functionality

Product Quality

Customer Support
N/A
Value for Money

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

 
 
 
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