What is IDU?

Say goodbye to countless budget iterations and complicated spreadsheets and hello to fast, streamlined financial budgeting and reporting!

Inefficient financial budgeting and reporting can have a huge effect on your bottom line. If your business is suffering from any of these common financial management issues, it’s time to reconsider your strategy.

  • Your budgeting takes more than 4 weeks to complete
  • Errors are creeping into your spreadsheets
  • Your finance department is slowed down with unnecessary administration
  • Lack of transparency between departments causes confusion and inefficiencies
  • Business managers are not held accountable for their budgets

If you said ‘YES’ to any of these, it’s time to switch to IDU-Concept! Schedule a demo now or read more about our cutting-edge financial management modules.

Serchen Index

70.65
58
Employees
114
Reviews
2,939
Followers
N/A
Likes

IDU Key Features

Budgeting software

Financial Reporting software

Business Performance Management

What is IDU?


IDU Product Details

Streamline and simplify your corporate financial management process.

Empower your line managers to be more involved in the financial success of the business. idu-Concept provides smart budgeting, forecasting and reporting tools with easy-to-use modules designed to meet all of your business needs.


Countries IDU Services Available In

International


IDU Pricing

Starting at $350 per year.


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IDU Reviews

4.5

Excellent!

114 Reviews

Last reviewed on
03 October 2022

What do you think?

Help other software buyers make informed decisions.

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Monday, October 3, 2022

"CTICC using IDU"

Overall: IDU has been a very useful tool in the organisation and for myself as it has streamlined the entire budgeting process and the management of it.

Pros: The entire budgeting process is better managed by having each departmental head mange their budget inputs and able to see their changes easily and they can extract it into Excel to make changes and add notes. This allows for better upward review and monitoring of the process. The ability to have whatever reporting structure you want built into teh system or using Excel reports is useful.

Cons: The building of reports and understanding the formulas to use and column references in the reports.

Reasons for Choosing IDU-Concept: Better functionality, ease of use and cost.

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Wednesday, September 21, 2022

"IDU Concept - Ease of Use "

Overall:
IDU has been easy to use with there staff always being helpful to resolve any queries or develop new reporting requirements.

Pros:
The ease of use of the system which allows for quick access to actual results and the detailed budget plus gives the ability to add as many forecast that are required. The ability to customize the system for specific reporting needs. The chart and matrix functionality.

Cons:
There are no Cons to this system as once training has been given no user should have difficulty.

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Friday, September 9, 2022

"IDU is a great budgeting and reporting tool"

I like the budgeting function of IDU. Ever since using IDU, budgeting has been more efficient. It has functionalities that you can standardise to ensure consistency among departments/companies. You can have explanations of the exact details of the elements that one is budgeting for, so you have all the detail relating to budget easily accessible. Anything shortcomings in the current budgeting tool that you are using, IDU has the solution. It can integrate with our accounting system.

We initially used IDU as just a budgeting tool, we now use the Reporting function of IDU. So you now have your reporting information all centralised in one package. As all the data is in IDU we use IDU for board reporting. IDU has resolved the challenge of having to use different systems, yet the information(data warehouse ) is the same. So you just access only IDU for your budgeting and actual results

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Friday, September 9, 2022

"The IDU Experience"

What do you like best?
It's easy to use and follow, and information is organized in a way that makes sense and can give answers quickly
Review collected by and hosted on G2.com.

What do you dislike?
So far the only challenge is referring to the training manual to check how something is done. We will upgrade to get the training videos
Review collected by and hosted on G2.com.

What problems is the product solving and how is that benefiting you?
Fast & accurate Decision Making, Decision Makers now have full access to their budget and to see the spend

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Wednesday, August 3, 2022

“IDU Review”

Pros: It allows us to track actuals, budget and forecast in real time and assists in preparation of reporting packs

Cons: The set up and maintenance of set up can be time consuming and if not done correctly it can cause issues

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Wednesday, August 3, 2022

"Very user friendly and useful"

What do you like best?
The reports are readily available and ready to use when needed.
Review collected by and hosted on G2.com.

What do you dislike?
Not being able to delete or replace an old employee number on admin
Review collected by and hosted on G2.com.

Recommendations to others considering the product:
I highly recommend and organization, big or small to consider implementing IDU
Review collected by and hosted on G2.com.

What problems is the product solving and how is that benefiting you?
I help me produce timely variance reports that is useful to influence decisions

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Wednesday, August 3, 2022

"Seamless and Efficient"

What do you like best?
It's a user-friendly system and easy to navigate.
Review collected by and hosted on G2.com.

What do you dislike?
I possibly need more training as I struggled with some of the functionality.
Review collected by and hosted on G2.com.

Recommendations to others considering the product:
It is one of the best Budgeting systems I've worked on in my career.
Review collected by and hosted on G2.com.

What problems is the product solving and how is that benefiting you?
A better budgeting process, less time consuming and quicker results.

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Wednesday, August 3, 2022

"Strongly recommend"
What do you like best?
accuracy and ease of budgeting across many users
Review collected by and hosted on G2.com.

What do you dislike?
Slicing and dicing across accounts and cost centres is limited to either a cost centre view or an account view, a more dynamic selection of information would enable more robust analytics
Review collected by and hosted on G2.com.

What problems is the product solving and how is that benefiting you?
solves the reliance on excel resulting in only one version of the final budget which is visible and accessible to all users creating a culture of ownership with improved performance

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Wednesday, August 3, 2022

"EASY BUDGETING"
What do you like best?
I like that IDU is user-friendly both financial and non-financial users can do budgets and reporting as it is easy to understand. As an administrator, I like that the imports tell you exactly where the errors are in your import files when importing the budgets so that they can be fixed timelessly.
What do you dislike?
What I dislike is the changes to the cost centre structure in changes in the historic data.
Recommendations to others considering the product:
IDU is the best reporting and budgeting system that I have used. It makes Reporting and budgeting less stressful. It helps Finance to be more efficient and flexible and adaptable.
What problems is the product solving and how is that benefiting you?
IDU has helped me to streamline my Budget for the budget owners and has reduced the reports that need to be sent out monthly to the business. The managers can review the results in IDU monthly.
Review collected by and hosted on G2.com.

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Monday, March 28, 2022

“IDU Review”
Overall: I would highly recommend this tool to any organisation that is not using it, it has so much capabilities to suit your companies needs. If you need any additional functionality, it is added by IDU. I am very satisfied with the tool, and I believe it even has more capabilities than what I currently use it for and I intending of using those in the near future. The support from IDU is the best that I have ever encountered compared to any other software I use.
Pros: Since using IDU, it has made budgeting so much simpler. There is no need to keep multiple spreadsheets. You have once central easily accessible tool for all elements of budgeting. The software allows for any additional support one needs to attach for budgeting, and should you need anything you don't have to request from different individuals or locations, the information is all there. Not only does it make it easy to complete the budgeting process but also easy to review as well.

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