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

36 Reviews of Idu-Concept

 

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Software Advice Reviews (26)
More Reviews (10)

Showing 1-20 of 26

Abrie from Schoonbee Landgoed
Specialty: Agriculture
Number of employees: 51-200 employees Employees number: 51-200 employees

May 2018

May 2018

Business Transparency

Ease-of-use

Functionality

Product Quality

Customer 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.

Review Source
 
 

Amanda from Southern View Finance (Pty) Ltd t/a Capfin
Specialty: Other
Number of employees: 1,001-5,000 employees Employees number: 1,001-5,000 employees

May 2018

May 2018

Best add-on to you financial system

Ease-of-use

Functionality

Product Quality

Customer 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).

Review Source
 
 

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.

 
 
 
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Showing 1-10 of 10

Katlego from Botswana Accountancy College
Number of employees: 201-500 employees Employees number: 201-500 employees

October 2018

October 2018

IDU

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support

The benefits of IDU if rolled out properly in the organisation can optimize processes within the Finance office. IDU assists managers in making up to date and informed decisions.

Pros

The fact that the system is excel based.
I can customize the presentation of the financial information to managers understanding.

Cons

The dashboards should allow for more customization to project user beneficial information.

The CAPEX budgeting and tracking could be improved.

Review Source: Capterra
 

Annah from Eazi Access Rental
Number of employees: 501-1,000 employees Employees number: 501-1,000 employees

September 2018

September 2018

Finance information now has integrity

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support

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

Review Source: Capterra
 

Nicolien from Intercape
Number of employees: 1,001-5,000 employees Employees number: 1,001-5,000 employees

September 2018

September 2018

Budgeting 101

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support

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.

Review Source: Capterra
 

Sphindile from Merchants
Number of employees: 1,001-5,000 employees Employees number: 1,001-5,000 employees

September 2018

September 2018

User friendly system

Ease-of-use

Functionality

Product Quality

Customer Support

Ease-of-use
Usability
Functionality
Functionality
Product Quality
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.

Review Source: Capterra
 

Carla from Lightstone
Number of employees: 201-500 employees Employees number: 201-500 employees

September 2018

September 2018

New at this!

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support

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

Review Source: Capterra
 


September 2018

September 2018

Telesure Review

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support

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.

Review Source: Capterra
 

Brenda from LegalWise
Number of employees: 501-1,000 employees Employees number: 501-1,000 employees

September 2018

September 2018

Easier financial results

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support

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.

Review Source: Capterra
 

Natashia from Legalwise
Number of employees: 1,001-5,000 employees Employees number: 1,001-5,000 employees

September 2018

September 2018

Idu Financial reporting

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support

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

Review Source: Capterra
 


September 2018

September 2018

Budget management and monitoring made easier

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support

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.

Review Source: Capterra
 

Ramin from Upper Education

March 2018

March 2018

Good product

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support
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.

Review Source: Capterra