When it comes to budgeting for your business, time is of the essence. Can you afford for your financial department to spend precious hours chasing down budget information, when they should be spending their time on the more valuable task of financial analysis instead? Or for your line managers to spend days or weeks compiling budgets when they should be selling?
Enable your business by creating a culture of ownership. Start at grass- roots level by building an inclusive vision of where your business should be and what it needs to get there. We’re talking budgets!
idu-Concept is available in Light, Standard and Enterprise editions, offering a tiered solution to meet client requirements.
idu-Concept Financial Budgeting Module
Without the right tools, budgeting can be a time-consuming and frustrating process. Our system eliminates the pitfalls of spreadsheet-based budgeting and reduces the number of iterations involved in the budget cycle. By using idu-Concept, companies have been able to reduce their budget cycle by up to 70%.
Instead of consolidating, correcting and disseminating spreadsheets, your finance department can focus on important issues such as the budget process, financial anomalies and providing financial guidance and direction to non-financial managers.
idu-Concept Revenue Budgeting Module
Are you still preparing your revenue budgets centrally?
Improve accuracy, efficiency and buy-in by harnessing your teams’ knowledge and expertise in the revenue budgeting process.
idu-Concept offers an online, easy-to-use performance management tool that allows users to capture revenue budgets at a customer and product level with real-time aggregation and management.
idu-Concept Financial Reporting Module
idu-Concept offers real-time, online access to information in a format that is easy to use and understand by both financial and non-financial managers. Instant access to key information allows the business to react faster to deviations from the plan. It also increases cost-centre managers’ involvement, empowerment and ownership of the numbers.
idu-Concept’s Financial Reporting Module complements the general ledger and streamlines the management reporting process to ensure transparency and ownership. Financial information held within the IDU database is sent electronically directly to the user via a customisable alerts function. This keeps them up to date on any critical business information.
This module can also be used in conjunction with idu-Concept’s Financial Budgeting Module to offer additional features for daily, weekly and monthly financial reporting.
idu-Concept Revenue Reporting Module
The idu-Concept Revenue Reporting Module is a two-way interface between the budget and revenue ledger systems. It allows for real-time interaction with revenue data and enables users to comment on and analyse variances between anticipated revenue outcomes and those that have actually transpired. The module builds on the advances achieved through the idu-Concept Revenue Budgeting interface, and enables the reporting of daily, weekly and monthly revenue information to managers via the web.
If your company has ever found a fixed asset or piece of equipment in the wrong place – or worse, not found it at all − you know how important it is to control your asset locations and physical verifications.
Our Assets Module gives users all the tools they need to take ownership of the assets and equipment under their control. Making transfers and conducting physical verifications with our web-based solution gives the business a real-time view of all its assets and their locations. idu-Concept interfaces directly with the fixed asset register to keep financial records up to date, and integrates with other modules to enhance performance management procedures. .
Small and medium businesses can take their budgeting and reporting to the next level thanks to idu-Cloud Financials. With idu-Concept, financial managers of SMEs can improve turnaround times, increase business unit ownership of budgets, enable integrated and inclusive planning to build transparency and accountability, reduce administrative overload and improve reporting.
Thanks to cloud-based delivery of the software via Amazon Web Services Marketplace, SMEs can self-provision the software in a fraction of the time and cost, transforming their budgeting process from a manual and inefficient process to an automated, speedy and accurate one. Self-service installation, supported by video tutorials, can be as quick as a couple of hours with no installation charges. SMEs also get the typical benefits of a cloud-based service: they only pay for what they need; can ramp the service up and down depending on requirements and there is no need for capital expenditure in on-site hardware
IDU Bring Your Own Licence to the Cloud
IDU’s award winning financial management software is available using a Bring Your Own Licence (BYOL) model, using cloud hosting and hardware and reducing capital expenditure in on site IT infrastructure.
The BYOL offering allows the client access to the full Enterprise edition of idu-Concept, and all the additional modules available within the software, yet with the benefit of no capital expenditure in on site hardware. It also means that the number of users is unlimited, opening the cloud offering to mid to large corporate clients looking for a cloud solution.
Customers who opt to go with the BYOL option would purchase their software licences directly from IDU. There are a number of different licence models to choose from depending on your unique businesses requirements. The hosting, hardware specifications and pricing would then be negotiated between the client and the Cloud provider like AWS or Microsoft Azure, depending on their unique requirements.
As an alternative option IDU can offer a full cloud solution on a managed or non-managed basis where IDU would be a one-stop solution for both infrastructure and product through our technology partner CipherWave.
Cloud hosting has the ability to improves productivity, allowing IT to focus on delivering business value, not maintaining infrastructure.