IDU-Concept

RATING:

4.4

(82)

About 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 customizable, not...

Awards and Recognition

FrontRunner 2020
Software Advice's FrontRunners report ranks top products based on user reviews, which helps businesses find the right software.

IDU-Concept Pricing

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

Detailed Dashboard - Budgets, forecasts, comparative years, and actual spend can be compared.
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IDU-Concept Reviews

Overall Rating

4.4

Ratings Breakdown

Secondary Ratings

Ease-of-use

4

Customer Support

4.5

Value for money

4.5

Functionality

4

Most Helpful Reviews for IDU-Concept

1 - 5 of 82 Reviews

Antoinette

Education Management, 5,001-10,000 employees

Used weekly for more than 2 years

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

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

4

Reviewed February 2020

Not looking back a second!

It is very user friendly product, easy to understand and maintain. The dashboards in the admin and user sites are very helpful. I've never met a team that is so proud and excited about what they are doing, keeping up with the latest developments in the software environment and their clients needs. In the more than 11 years working with the IDU team I never experience once a negative vibe or unwillingness to give assistance and support.

PROS

The adaptability of the product, it can be easily adapted to your needs when it is coming to budgeting and reporting.

CONS

There is no features that I like least. I would like for us to investigate the option to do workforce planning via IDU.

Reason for choosing IDU-Concept

Our alternative product was the use of excel spread sheets as many other businesses used and is still using. I love using excel but cannot imagine going back to all those stand alone excel spread sheets.

Vendor Response

Dear Antoinette Thank you so much for leaving us such a wonderful review. I have shared your kind words with our team. We put customer experience and satisfaction as our priority, and your review reaffirms all the hard work we put in every day. We look forward to seeing you again.

Replied March 2020

Fatima

Education Management, 5,001-10,000 employees

Used daily for less than 2 years

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

OVERALL RATING:

4

EASE OF USE

4

VALUE FOR MONEY

4

CUSTOMER SUPPORT

5

FUNCTIONALITY

4

Reviewed 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.

Reason 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

Vendor Response

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

Anonymous

1,001-5,000 employees

Used weekly for more than 2 years

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

OVERALL RATING:

3

EASE OF USE

1

VALUE FOR MONEY

2

CUSTOMER SUPPORT

3

FUNCTIONALITY

2

Reviewed September 2018

Telesure Review

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.

Delfina

Education Management, 5,001-10,000 employees

Used daily for less than 2 years

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

OVERALL RATING:

4

EASE OF USE

4

VALUE FOR MONEY

4

CUSTOMER SUPPORT

5

FUNCTIONALITY

4

Reviewed February 2020

IDU - is great!!

We had a successful implementation. IDU's customer service is really good. IDU consultants supported us well and IDU staff are solution oriented.

PROS

It intuitive and easy to use. Running reports is quick. It was easy to integrate with our processes.

CONS

There are a number of customised reports and one needs to go through quite a long list to see what is relevant for needs. Perhaps group into headings.

Reason for choosing IDU-Concept

total cost and affordability, ability to meet functional requirements, local vendor/local support, user-friendliness of system, installations at other Universities/Higher Education institutions, vendor demonstrations.

Reasons for switching to IDU-Concept

The budgeting and reporting systems and processes, although effective in achieving the desired end result, were cumbersome, hugely labour intensive, inefficient, requiring a large amount of manual resource interface, and time consuming. It was difficult to revise budgets quickly to respond to changes and scenarios, and thus lacked the appropriate agility in our operational and strategic context.

Vendor Response

Dear Delfina Thank you so much for your review of idu-Concept, and specifically for your comments about having received great service. I will pass on your compliments to our team. Thank you also for the suggestion about the grouping the reports under headings. Our development team will look into how we can make this easier for you. Kind regards The IDU Team

Replied March 2020

Jaques

Retail, 5,001-10,000 employees

Used daily for less than 2 years

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

OVERALL RATING:

4

EASE OF USE

5

VALUE FOR MONEY

4

CUSTOMER SUPPORT

5

FUNCTIONALITY

4

Reviewed June 2021

Experience Review

Very pleased with the system as it reduce preparation time of forecast and budgets for us. The system also allowed us to budget and forecast at a granule level were we where not possible to do it in the past nor in a short time frame. It also increased efficiency as preparation time has moved to reviewing of data.

PROS

The customization of the system, contiguously improvement of the system, Standardization of reports available, version control.

CONS

The complexity of certain functions, like Activity mapping between attributes, etc. Financial Modeling not allowing multiple structure to be used when top down functionality are being used. Not able to have hybird structure within account and cost centre structures.

Reason for choosing IDU-Concept

Unable to list reason as I was unfortunately was not part of the team making the decision.

Vendor Response

Dear Jacques, Many thanks for your great review of idu-Concept. We appreciate you taking the time to share your experience of our solution. Your review has been shared with both our consulting and development teams. Reviews like these help us improve and drive our client-led development. strategy. Thanks again. The IDU Team

Replied June 2021