Idu-Concept software


35 reviews(4.0/5)
35 reviews(4.0/5)

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.

Supported Operating System(s):
Mac OS , Web browser (OS agnostic) , Windows 8

35 Reviews of Idu-Concept

Showing 1 - 20 of 35

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  • Annah from Eazi Access Rental

    Number of employees: 501-1,000 employees

    September 2018

    Finance information now has integrity

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money

    Definitely improved our integrity as the finance department. In our current loss of info, analytics developed by IDU came to the rescue as it stored all info from prior years to future forecasts.

    Pros

    It enhances the integrity of financial information by eliminating manual intervention
    Better storage of information
    Simplifies the budgeting, forecasting and reporting functions

    Cons

    There is no option to create standard reports for various users
    Inability to copy and paste or duplicate activities for some functions

    This review was submitted organically. No incentive was offered
    Review Source: Capterra
  • Nicolien from Intercape

    Number of employees: 1,001-5,000 employees

    September 2018

    Budgeting 101

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money

    Overall good experience as a first step in my budget process

    Pros

    easy reference and consolidation from all the different departments in the company

    Cons

    Complex budgeting situations can be catered for, but need consultants time = money.

    This review was submitted organically. No incentive was offered
    Review Source: Capterra
  • Sphindile from Merchants

    Number of employees: 1,001-5,000 employees

    September 2018

    User friendly system

    Ease-of-use
    Functionality
    Quality
    Support

    Comparing the Forecast , actual's and budget.

    Pros

    All information is easy to assess. Makes it easy to compare and analyse data

    Cons

    Nothing so far, my 2 months experience have been great.

    This review was submitted organically. No incentive was offered
    Review Source: Capterra
  • Carla from Lightstone

    Number of employees: 201-500 employees

    September 2018

    New at this!

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money

    We needed a budgeting and reporting tool to take away all the manual creation of spreadsheets. The client module is great and so easy to use. The admin module has proved challenging in terms of understanding the reporting structures, correctly setting permissions as it seems one tick box in one place doesn't over ride another in a different section. Getting buy in from the team to actually use the system is the most challenging part of it all.

    Pros

    The client module. It is really straightforward and user friendly

    Cons

    The admin module and permission settings

    This review was submitted organically. No incentive was offered
    Review Source: Capterra
  • Verified Reviewer

    Number of employees: 1,001-5,000 employees

    September 2018

    Telesure Review

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money

    Frustrating.

    Pros

    It is basic - but this is a problem as we are told it cannot be used to perform some more complex budgeting.

    Cons

    It is not capabal of being utilised to its full potential for our entity. We are constantly struggling to do full budgets as a result of our complex premiums and claims process and thus we can only perform and use certain functionality.

    This review was submitted organically. No incentive was offered
    Review Source: Capterra
  • Brenda from LegalWise

    Number of employees: 501-1,000 employees

    September 2018

    Easier financial results

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money

    IDU is very user friendly, efficient response times when we have queries.

    Pros

    The budget process and monthly forecasting is much easier and efficient within IDU. Monitoring monthly actuals against budgets.
    Assets are managed and handled within IDU no manual asset registers anymore.

    Cons

    There is not really anything we don't like.

    This review was submitted organically. No incentive was offered
    Review Source: Capterra
  • Natashia from Legalwise

    Number of employees: 1,001-5,000 employees

    September 2018

    Idu Financial reporting

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money

    overall the Idu team has always assisted and help resolve my queries , so a good experience

    Pros

    it is user friendly , once you understand the sytem navigation is easier.

    Cons

    Updateting users acess in every Fiscal set

    This review was submitted organically. No incentive was offered
    Review Source: Capterra
  • Verified Reviewer

    Number of employees: 501-1,000 employees

    September 2018

    Budget management and monitoring made easier

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money

    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.

    This review was submitted organically. No incentive was offered
    Review Source: Capterra
  • Abrie from Schoonbee Landgoed

    Specialty: Agriculture

    Number of employees: 51-200 employees

    May 2018

    Business Transparency

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money
    Pros

    Up to date reporting info everyday within GL accounts.
    Ease of budgeting process.
    Data in easy to read format.

    Cons

    Speed improvements on SQL queries, loading of data, and capturing data. 13 Companies in total consolidated.

    This review was submitted organically. No incentive was offered
    Review Source
  • Amanda from Southern View Finance (Pty) Ltd t/a Capfin

    Specialty: Other

    Number of employees: 1,001-5,000 employees

    May 2018

    Best add-on to you financial system

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money

    IDU has made reporting, budgeting & forecasting an administrative dream for my department. I would highly recommend IDU for any business, big or small.

    Pros

    Easy to use for non-financial users.
    Ability to adapt and customize system to suit our business on a continuous basis.
    Easy to understand system & use it in our day to day business for reporting & decision making.
    Admin ability to create, change or update anything, without depending on IDU consultants.
    Feedback & assistance from Helpdesk & Consultants are always fast & effective!

    Cons

    That I cannot see 'back-end' rules to make sure it is in line with my expectations.
    IDU is very fiscal set restricted (causing duplication of work & errors to occur).
    Structures is also very specific, again duplication of work (would be nice to have a 'main' set up where all structures feed from).

    This review was submitted organically. No incentive was offered
    Review Source
  • Ramin from Upper Education

    March 2018

    Good product

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money
    Pros

    Really is not easy to find budgeting and expense application which provides good quality tools like idu-Concept. It's being used for forecasting and budgeting purposes by our organization for 1 and half year. And it was one of the must application in any companies.

    Cons

    Besides the good features and services, the product has lack of the customer care and email integration. I think with little improvements and updates it can become the beast in market.

    This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.
    Review Source: Capterra
  • Flynn from Rohlig-Grindrod

    Specialty: Other

    Number of employees: 201-500 employees

    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
    Quality
    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

    April 2017

    Using the IDU Budgeting Software

    Ease-of-use
    Functionality
    Quality
    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

    March 2017

    IDU User - Corobrik

    Ease-of-use
    Functionality
    Quality
    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

    March 2017

    Review of IDU

    Ease-of-use
    Functionality
    Quality
    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

    February 2017

    Ashraf Hay Review

    Ease-of-use
    Functionality
    Quality
    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

    February 2017

    Journeying with IDU

    Ease-of-use
    Functionality
    Quality
    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.

  • Kenneth from BTCL

    Specialty: Telecommunications

    Number of employees: 501-1,000 employees

    February 2017

    Review of IDU

    Ease-of-use
    Functionality
    Quality
    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

    February 2017

    GREAT PRODUCT

    Ease-of-use
    Functionality
    Quality
    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.

  • Fayaz from Communicare

    Specialty: Real Estate

    Number of employees: 51-200 employees

    February 2017

    Review

    Ease-of-use
    Functionality
    Quality
    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

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