IDU-Concept Light 5 User available on Microsoft Azure
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 business needs.
WINDOWS
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Latest Version: 5
Typical Total Price
£295/month
Total pricing per instance for services hosted in regions available to you.
Product Overview
What's Included
Note: Always ensure your operating system is current for your needs.
This product includes both of the software packages described below:
BUDGETING & FORECASTING:
IDU-Concept offers you a complete bottom-up budget solution. Our intuitive web-based platform ensures faster turnaround times, reduced administration burden, and better budget ownership across the business.
REPORTING:
While budgeting is a vital part of any business, reporting is where the real value is revealed. After all, if your forecasts aren't matching up with your actual spend, it's impossible to know how your business is really doing.
Highlights
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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%.
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IDU-Concept's Financial Reporting Module complements the general ledger and streamlines the management reporting process to ensure transparency and ownership.
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To empower non-financial managers, giving them ownership of their budgets by promoting transparency and ultimately leading to greater accountability.
Pricing Information
Option 1
Monthly License Subscription
IDU-Concept Light 5 User
£295/month
Option 2
Annual License Subscription*
IDU-Concept Light 5 User
£1,600/year
*Switch to annual pricing for savings up to 55%
Usage Information
Usage Instructions
End-user license agreement
By subscribing to this product you agree to terms and conditions outlined in the product IDU Software License Agreement
Support Information
IDU Cloud Infrastructure
IDU's full suite of products are available as a software-as-a-service (SaaS) solution, harnessing the power and scalability of Microsoft Azure® Cloud Platform. Businesses can have flexibility and the ability to scale their systems at a lower cost and without capital expenditure outlays. IDU Cloud provides access to a state-of-the-art infrastructure, powered by reliable data centres, for agile, efficient processing, storage, networking and security. This is available as a monthly fixed user cost, inclusive of licensing and architecture.
The IDU Cloud environment delivers Microsoft SQL standard edition. We also make available models for PowerPivot and Power BI. Extension of the IDU Cloud environment to deploy Power Pivot in tabular mode or Power BI Professional/Premium can be made available at an additional cost.
Upgrades and Renewals
If you need help with or want to upgrade your subscriptions, please click here
Customer Reviews
Financial Director
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Nov 07, 2023
What do you like best
IDU-Concept radically simplifies the budgeting process and allows responsibility to rest with the correct people. It fundamentally changes the budgeting process.
What do you dislike?
The Administrator functions are not intuitive, however if sufficient time is invested in setting up the system it does become easier.
What problems are you solving with the product? What benefits have you realized?
IDU-Concept has allowed me to place the responsibility of creating budgets and forecasts with the correct people. Historically the entire budgeting process was the responsibility of the finance team, now the responsibility is share with the operating team and end-users of the budgets.
The IDU Experience
User in Telecommunications
Aug 04, 2022
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
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
What problems are you solving with the product? What benefits have you realized?
Fast & accurate Decision Making, Decision Makers now have full access to their budget and to see the spend
Hlonelwa M.
Financial Manager
IDU is a great budgeting and reporting tool
Jul 12, 2022
What do you like best
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.
What do you dislike?
There is nothing that I dislike about IDU.
What problems are you solving with the product? What benefits have you realized?
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
Natashia N
Financial Manager
Easy Budgeting
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Jul 07, 2022
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.
What problems are you solving with the product? What benefits have you realized?
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.
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.
Need additional support/service?
IDU Service and Support packages empower customers to implement our solution with a dedicated support team.
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From basic setup to one-on-one sessions with an experienced systems expert, IDU service and support packages are a combination of technology and people designed to optimize the implementation process and rapidly drive efficiencies across financial processes at all levels of your business.
The IDU solution seamlessly integrates with all current ERP systems, with the option of a standard integration or a specialised custom integration.
Our expert team will assist in identifying your business and system requirements in an initial requirements confirmation meeting and/or rolling out a basic single company implementation.
The IDU One-on-One System Training is available for both Administrators and Users and is conducted by an IDU consultant. The Administrator training is offered at a cost per day whilst the User training is available in convenient 2 hour sessions.
We are focused on automating and streamlining your budgeting process which sometimes means spending some one-on-one time with you. Our consulting packages are available to help you troubleshoot issues, optimize your use of the system, answer best practices questions, and provide guidance on configuration.
