idu Software

idu-Concept

4.5 / 5 24 reviews

Who Uses This Software?

Our customers span across a broad range of industries such as manufacturing, retail, transport, financial services, education and others.


Average Ratings

24 Reviews
  • 4.5 / 5
    Overall
  • 4 / 5
    Ease of Use
  • 4.5 / 5
    Customer Service

Product Details

  • Starting Price
    $50.00/month/user
  • Free Demo
    Yes
  • Deployment
    Cloud, SaaS, Web
  • Training
    Documentation
    Webinars
    Live Online
    In Person
  • Support
    Online
    Business Hours

Vendor Details

  • idu Software
  • www.idusoft.com/
  • Founded 1998
  • South Africa

About idu-Concept

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.


idu-Concept Features

  • "What If" Scenarios
  • Balance Sheet
  • Capital Asset Planning
  • Cash Management
  • Consolidation / Roll-Up
  • Forecasting
  • General Ledger
  • Income Statements
  • Multi-Company
  • Multi-Department / Project
  • Profit / Loss Statement
  • Project Budgeting
  • Run Rate Tracking
  • Version Control
  • "What If" Scenarios
  • Audit Trail
  • Balance Sheet
  • Cash Management
  • Consolidation / Roll-Up
  • Forecasting
  • General Ledger
  • Income Statements
  • Multi-Company
  • Multi-Department / Project
  • Profit / Loss Statement

idu-Concept Reviews Recently Reviewed!

Overall experience was good although the number of cost centres can become very time consuming with any changes that are made.

Apr 21, 2017
4/5
Overall
4 / 5
Ease of Use
3 / 5
Features & Functionality
4 / 5
Customer Support
4 / 5
Value for Money
Likelihood to Recommend: 7.0/10 Not
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Comments: 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.

Using the IDU Budgeting Software

Apr 04, 2017
5/5
Overall
4 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
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Comments: 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.

IDU User - Corobrik

Mar 14, 2017
4/5
Overall
3 / 5
Ease of Use
3 / 5
Features & Functionality
3 / 5
Customer Support
4 / 5
Value for Money
Likelihood to Recommend: 7.0/10 Not
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Comments: 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.

Review of IDU

Mar 09, 2017
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
4 / 5
Customer Support
4 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Comments: 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 Hay Review

Feb 28, 2017
4/5
Overall
5 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
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Comments: 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

Journeying with IDU

Feb 23, 2017
5/5
Overall
4 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
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Comments: 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.

Recommendations to other buyers: 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.

Review of IDU

Feb 22, 2017
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
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Comments: 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

GREAT PRODUCT

Feb 22, 2017
4/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
4 / 5
Customer Support
3 / 5
Value for Money
Likelihood to Recommend: 8.0/10 Not
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Comments: 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.

Recommendations to other buyers: Rather ask for a demo first, to see the functionality and features.

Review

Feb 22, 2017
4/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Customer Support
4 / 5
Value for Money
Likelihood to Recommend: 8.0/10 Not
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Comments: Been using it for a year. Great support, good product

Pros: Ease of budget and forecast consolidations. Ease of integration with ERP

Versatility

Feb 22, 2017
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
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Comments: IDU enables us to really automate the budget process (in so much as it is possible) by providing multiple approaches that work together.

Recommendations to other buyers: There are so many ways to reach the desired result- speak to other users or your consultants. The advice is invaluable.

IDU software

Feb 22, 2017
5/5
Overall
4 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
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Comments: 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.

Recommendations to other buyers: It is an awesome tool and can be used for budgeting and reporting.

IDU made for us

Feb 21, 2017
4/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
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Comments: 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.

Smart software solution for budgeting and forecasting

Nov 09, 2016
4/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
4 / 5
Customer Support
4 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Comments: 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.

Recommendations to other buyers: I would suggest medium to large businesses to use this software. It is a cost effective software which does budgeting and forecasting efficiently.

Makes budget and actual reporting much easier!

Sep 21, 2016
4/5
Overall
4 / 5
Ease of Use
2.5 / 5
Features & Functionality
4 / 5
Customer Support
3.5 / 5
Value for Money
Likelihood to Recommend: 8.0/10 Not
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Pros: That each cost centre manager can access their actual spend against their budget, and it is user friendly for any employee.

Cons: Can currently not assist with a few of our other type of business requirements, an IDU team is looking into it.

Recommendations to other buyers: 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.

Budgeting made easy

Sep 21, 2016
5/5
Overall
4.5 / 5
Ease of Use
4.5 / 5
Features & Functionality
4 / 5
Customer Support
4.5 / 5
Value for Money
Likelihood to Recommend: 8.0/10 Not
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Pros: The user interface is easily understandable and requires minimal training of staff to understand. This does however assume the staff has basic computer skills.

Cons: The administration of the product is a bit cumbersome and the vast number of settings available is a bit daunting at times.

Recommendations to other buyers: 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.

Review of IDU Budgeting and Reporting

Sep 07, 2016
5/5
Overall
4.5 / 5
Ease of Use
4.5 / 5
Features & Functionality
5 / 5
Customer Support
4.5 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Pros: 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.

Cons: 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 to other buyers: It is important to fully understand your needs and requirements before implementation.

Brenda's review

Aug 24, 2016
4/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
4 / 5
Customer Support
4 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Pros: Ease of Budgeting & Forecasting. Managing monthly actuals against budget.

Cons: 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 to other buyers: 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..

Review of IDU - Budgeting

Aug 22, 2016
5/5
Overall
5 / 5
Ease of Use
4.5 / 5
Features & Functionality
5 / 5
Customer Support
4.5 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Pros: 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.

Cons: The system does not have a facility which performs checks and balances. We experienced issues with fiscal sets.

Recommendations to other buyers: Understand your needs and requirements before implementation.

very good rounded product that offers flexibility and ease

Aug 22, 2016
3/5
Overall
3 / 5
Ease of Use
3 / 5
Features & Functionality
3 / 5
Customer Support
3 / 5
Value for Money
Likelihood to Recommend: 7.0/10 Not
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Pros: the wide variety of uses and the flexibility to customise it for your business.

Cons: to many separate modules to many add on you need to fully use the product

Recommendations to other buyers: get the training. have a clear idea of what you need and want.

Great product, problematic implementation

Aug 12, 2016
4/5
Overall
4 / 5
Ease of Use
3.5 / 5
Features & Functionality
3.5 / 5
Value for Money
Likelihood to Recommend: 6.0/10 Not
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Pros: Product is flexible, great look and feel for the non-finance user, easy user customization, excellent import/export capabilities, individual user parameters highly adaptable,

Cons: lacking built in checks and balances, drawn out implementation process

Recommendations to other buyers: Have a very clear idea what the purpose of the software is before implementation

Medipost Group idu Implementation Experience

Apr 04, 2016
5/5
Overall
4 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
Likelihood to Recommend: 10.0/10 Not
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Pros: Automated management reporting using the analytics function on Excel PowerPivot.

Cons: Experienced difficulty with entering historic information and opening balances.

Recommendations to other buyers: The software is affordable and very adaptable and can run with almost any accounting system which makes it possible to migrate to new platforms without the hassle of recreating new budget & reporting systems again.

IDU's great budgeting tool will help make the right decisions!

Mar 30, 2016
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
Likelihood to Recommend: 10.0/10 Not
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Pros: The budget & 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 forecast accurately. IDU has a great culture - the team have the right skill sets & knowledge / experience, understand the budget process (not just good application developers!), and fully support you from day one through to successful implementation and beyond. This is the experience a customer wants with a product and the service!

Cons: There is nothing to complain about - really! Whilst one can always improve on a product and service, I always get the impression that IDU are already one step ahead planning for the next improvements to their product when as a user you suggest an improvement.

Recommendations to other buyers: IDU offer serious value for money - take the plunge and don't allow the cost to be a barrier to acquiring IDU's budgeting tool if you fit their target market. Also look out for the analytics module. Worth considering from day 1.

A brief testimonial of Idu-Concept

Mar 16, 2016
5/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Customer Support
Likelihood to Recommend: 8.0/10 Not
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Pros: Proudly South African, developed with our unique requirements and collective character in mind. Keeping up with the latest technological as well as other related developments at all times, responding positively to the requirements of individual clients as well as clients within a specific industry (in our case, the Higher Education (HE) sector). Finally, a helpdesk as well as other technical and client support services operating at the speed of light.

Cons: Nothing, really! I can simply not think up anything!

Recommendations to other buyers: Taking into consideration of, as well as knowing exactly what you want at the end, as well as response times expected and delivered upon. Also, needs arising from the specific industry in which you find yourself and the resulting power of "collective bargaining" as an industry and the response of the service provider thereto, as opposed to bargaining power as an individual client.

Definately recommend

Mar 07, 2016
5/5
Overall
4.5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
Likelihood to Recommend: 10.0/10 Not
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Pros: Simple to use product with lots of flexibility to do slice and dice information how you want to see it. Staff are extremely helpful and always willing to help or look at different ways to do things

Cons: Haven't had any issues worth noting with the product of vendoe

Recommendations to other buyers: Definitely look at incorporating the analytics modules of the package to make your reporting easier and more user friendly