Is idu-Concept right for your business?

We’re here to help you make the best Accounting Software choice.

best for

  • Accounting
  • Best For Most Business Sizes
  • Supports Multiple Platforms

what reviewers say

  • Great value for money
  • Great ease of use
  • Great functionality
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What is idu-Concept?

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 customiza... read more

Jump to:

Budget data entry
Budget data entry
Management reporting
Management reporting
Variance reporting
Variance reporting
BI analytics
BI analytics
Drill down to journal entry
Drill down to journal entry
Financial reporting details
Financial reporting details
Click to open gallery

User Review Highlights

4.34

75 Reviews

5
28
4
41
3
6
2
0
1
0
4

Ease-of-use

out of 5
4.5

Customer Support

out of 5
4.5

Value for money

out of 5
4

Functionality

out of 5
  • icon"A very user friendly software, versatile, great for both financial and non financial managers."
  • icon"Product is easy to use, and i love that it can easily export into excel."
  • icon"Easy to use, easy to make changes and great support team at IDU."
  • icon"The admin side can be a bit confusing for users."
  • icon"The set up seems very complicated, especially as an admin user. It is sometimes confusing as the same wording appears on different menus / sub menus."
  • icon"Our company had a restructure and of which all systems were not aligned for the integration hence reporting was difficult to extract and review."

Read user reviews

How much does idu-Concept cost?

Light, Standard & Enterprise editions available. Contact IDU for full pricing information.

Starting price

$50.00 per month

Free trial

Not Available

Free version

Not Available

Which features does idu-Concept offer?

Core features:

"What If" ScenariosAccess Controls/PermissionsAccountingAccounting IntegrationActivity DashboardActivity PlanningActivity TrackingAd hoc AnalysisAd hoc ReportingAlerts/NotificationsShow more features +

People who reviewed this software give it a 4 star rating for functionality.

How easy is idu-Concept to use and deploy?

idu-Concept supports multiple deployment options, including: Cloud, SaaS, Web-based, Windows, Linux.

People who reviewed this software give it a 4 star rating for ease-of-use.

What do verified users say about idu-Concept

4.34/5 out of 75 Reviews

Showing 1 - 5 of 75 reviews

Anonymous

Company size: 501-1,000 employees

Time used: More than 2 years

Review Source: Capterra

This review was submitted organically. No incentive was offered
4

Ease-of-use

out of 5
5

Value for money

out of 5
5

Customer support

out of 5
4

Functionality

out of 5

September 2018

Budget management and monitoring made easier

The IDU system has addressed the major issue of accountability and ownership of the budget by managers in the organisation. It has also forced managers to take the process seriously as the budget team has better tools to analyse all submission.

Pros

Takes the responsibility of costing away from the budget office and makes the cost centres take accountability for their budget. The budget process is reduced as there is no longer a need to utilise spreadsheets. What is also appreciated is that requests for customisation are always accomodated

Cons

No cons, complaints from users relates to mon ability to copy and paste information that was captured incorrectly.

Grant

Company size: 501-1,000 employees

Industry: Financial Services

Time used: Less than 6 months

Review Source: Capterra

This review was submitted organically. No incentive was offered
3

Ease-of-use

out of 5
4

Value for money

out of 5
4

Customer support

out of 5
5

Functionality

out of 5

February 2020

Idu has real depth of functionality

The system is helping us drive business ownership of budgeting and reporting processes

Pros

The software has many levels of detailed functionality to deal with most budgeting and reporting scenarios

Cons

The screen layout and design is fairly dated

Reasons for choosing idu-Concept

The system design will allow us to implement a structured approach to budgeting while retaining the flexibility required

Response from idu Software

Hi Grant Thank you for writing a review of idu-Concept. By driving ownership of the budget process within an organisation it leads to greater buy-in and accountability. I am sure your team are experiencing this. We are constantly updating and upgrading the features, functionality and look and feel of our product. We will send more information as these enhancements are released. Hopfully you will find the design and layouts more engaging.

Replied March 2020

Elgar

Company size: 201-500 employees

Industry: Restaurants

Time used: Less than 12 months

Review Source: Capterra

This review was submitted organically. No incentive was offered
3

Ease-of-use

out of 5
4

Value for money

out of 5
3

Customer support

out of 5
4

Functionality

out of 5

June 2021

Review for medium to large corporations

Overall a positive experience as it displays all the necessary and required information at a click of a button or two.

Pros

The speed and detail that is readily available which is not easily replicated.

Cons

The ability to stack and select a variety of cost centres as desired. A good example is the decision to restructure certain cost centres in different legal entities. You cannot see the impact without rebuilding a new cost centre structure.

Response from idu Software

Dear Elgar Thank you so much for taking the time to leave a review of your experience of idu-Concept. We are glad to hear that overall you are having a positive experience using our solution. With regards to the issues you are having with "stacking" cost centres, I believe your IDU consultant David has been in touch and has installed the Third Dimension functionality for you. We are confident that this should remove your current frustrations and create a much better experience going forward. Kind Regards The IDU Team

Replied June 2021

willie

Company size: 201-500 employees

Industry: Government Administration

Time used: More than 2 years

Review Source: Capterra

This review was submitted organically. No incentive was offered
5

Ease-of-use

out of 5
5

Value for money

out of 5
5

Customer support

out of 5
5

Functionality

out of 5

February 2020

Great budgeting tool!

automated budget tool. this assist the organisation during the budget process

Pros

easy to use as well automated process. the interface with SAP also assist in ensuring that the data we utilise for reporting is accurate.

Cons

I do not have much to report on. We have just introduced the project reporting module. we will provide feedback at a later stage.

Reasons for switching to idu-Concept

we required an automated budget tool

Response from idu Software

Dear Willie Thank you for your great review. It is really important to us that our software is easy to use and understand and so it is great to hear it. We are sure that you will find the functionality in the project bugeting module very useful. We look forward to hearing your experience of it. Please do not hesitate to contact our helpdek or your account manager if you have any queries. Thanks again The IDU Team

Replied March 2020

Fatima

Company size: 5,001-10,000 employees

Industry: Education Management

Time used: Less than 2 years

Review Source: Capterra

This review was submitted organically. No incentive was offered
4

Ease-of-use

out of 5
4

Value for money

out of 5
5

Customer support

out of 5
4

Functionality

out of 5

February 2020

UCT Feedback

The customer service provided by IDU is excellent. Their staff are always willing to assist and find ways of satisfying the customer needs. The staff are very knowledgable, friendly and quick to respond to queries. Implementation of IDU has definitely improved our budgeting process, and we look forward to now working on the reporting side of it.

Pros

It is web-based so therefore easily accessable. Takes away the need for planning in excel and then transferring those plans to your source system. Minimal clicks to get to where you need to be. Prepopulation of employee data before the budgeting cycle has cut down the time to input employee budgets - the same for depreciation.

Cons

We would like to get to line item detail from a summary cost center group and not have to drill down to each cost center to get to this data. The client must also be able to get to this level and view the total budget in line item format, not only at budget type level.

Reasons for choosing idu-Concept

Based on their presentation to us, it was the better product out of the alternatives

Reasons for switching to idu-Concept

One of our Finance Strategies is to provide Agile Budgeting and Reporting, which SAP CO was not delivering

Response from idu Software

Dear Fatima Thank you for taking the time to write such a detailed review of idu-Concept, we really appreciate it. We are so delighted to have received 5 stars for customer support. Thank you, I will pass on your compliments to our team. I have also passed on your comment about not being able to get to line item detail without having to drill down to each cost centre to our consulting team. They will be in touch to see how we can assist with this. Kind regards The IDU Team

Replied March 2020

Showing 1 - 5 of 75 reviews

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