idu-Concept

Starts from $50/month Visit Website

What’s Idu-Idea?

Idu-concept is a monetary administration software program that may assist companies achieve management of their funds efficiently. It’s a monetary reporting, forecasting, and budgeting system for small, medium, and huge enterprises throughout quite a lot of sectors. The monetary reporting software program additionally helps firms monitor their spending, handle their tools and belongings amongst different issues. As per the final consensus, the corporate prides itself on having 340 prospects and 33,500 customers.

The purpose of idu-Idea’s Monetary Reporting module is to reinforce visibility and supply full entry to frequently up to date and correct information. Its environment friendly Income Reporting module additionally permits customers to investigate income information in real-time and share inputs. The monetary reporting device predicts danger, calculates anticipated outcomes, and stories on previous numbers.

Based mostly on the choice and necessities of companies, idu-Idea might be deployed within the cloud or put in on a neighborhood server. Customers will pay a month-to-month subscription, or buy the software program outright. The favored monetary device’s performance contains automated and customizable alerts that notify customers each time new data is uploaded to the database. It additionally alerts customers when a selected information set wants consideration.

Vendor Particulars:

  • Firm: IDU Holdings
  • Web site: www.idusoft.com
  • Based in 1997
  • Founders: Kevin Phillips, James Smith, and Wayne Claassen
  • Cape City, South Africa

Key Metrics of idu-Idea

idu-Idea is taken into account top-of-the-line and revolutionary monetary administration options available in the market at this time. With this finance software program, customers can bid goodbye to error-ridden and complex spreadsheets and say hey to quick and streamlined company efficiency administration. Inefficient reporting and budgeting are a number of the largest issues of any group, large or small and idu-Idea is the reply for cutting-edge monetary administration options.

One of many key metrics of idu-Idea is that it integrates simply with ERP software program, however in contrast to different choices, the software program might be applied rapidly and requires little to no ongoing consulting charges. Moreover, it reduces the budgeting cycles from months to weeks!  The mother or father firm IDU prides itself on having a rising world community of companions and workplaces which might be able to ship easy but good budgeting, forecasting, and reporting options for companies.

Listed here are ten of idu-Idea’s key metrics:

  1. Budgeting and Forecasting

  • Monetary Budgeting Module
  • Income Budgeting Module
  1. Reporting

  • Monetary Reporting Module
  • Income Reporting Module
  1. Asset Administration

  2. Cloud Financials

  • Carry Your Personal Licence to the Cloud (BYOL)
  1. Practical Options

  • A number of views of information
  • Interfaces with all widespread ERPs
  • On-line real-time aggregation of a number of buildings
  1. Funds Creation:

  • Knowledge Import
  • Funds Hierarchies
  • Versioning

  • What-If
  • Formulae
  • Funds Durations

  1. Funds Durations:

  • Forecasting
  • Planning
  • Budgeting
  1. Funds Administration:

  • Consolidation
  • Workflows
  • Changes
  1. Knowledge Evaluation:

  • Reporting Templates
  • Knowledge Visualization
  • Customized Reporting
  • Variance Evaluation

  • Forecasts Comparability
  • Ahead-Trying
  • Scorecards

  1. Forecasting:

  • Reforecast
  • Historic Knowledge
  • Forecast Sorts

  • Rolling Forecast
  • Actual-Time Knowledge Updates
  • Collaboration

Makes use of/ Purposes

  • Forecasting
  • Budgeting
  • Reporting Templates
  • Customized Reporting
  • Knowledge Evaluation
  • Knowledge Visualization
  • Digital Funds
  • Expense Monitoring

  • Bill Administration
  • Bill Processing
  • Accounting Integration
  • Accounting Administration
  • Auditing
  • Billing & Invoicing
  • Knowledge Import and Export
  • Third-Occasion Integration

Options

  • A number of user-specific display layouts
  • Scheduled reporting
  • Enterprise Reporting & Statistics
  • Income budgeting
  • Level-and-click interface
  • Automated information seize
  • Funds seize
  • Help for a number of finances sorts
  • Microsoft Excel integration
  • Buyer cloning
  • Graphical information show
  • Customized stories
  • Asset administration
  • Asset areas
  • E mail notifications
  • E mail Alerts
  • Asset transfers & disposals
  • Belongings Disposal Administration

  • Monetary budgeting
  • Consolidation / Roll-Up
  • Dashboard Creation
  • Knowledge Visualization
  • Monetary Evaluation
  • Earnings Statements
  • Multi-Forex
  • Planning Instruments
  • A number of value centre hierarchies
  • Periodic asset verifications
  • Asset reconciliation
  • Enterprise Projections
  • Company Efficiency Administration
  • “What If” Eventualities
  • Advert hoc Evaluation
  • Advert hoc Reporting
  • Stability Sheet
  • Collaborative Forecasting


Idu-concept Pricing

1. Ranging from: $50.00/ consumer/ month
Pricing mannequin: Subscription

Gentle, Commonplace & Enterprise editions out there.
Contact data@idusoft.com for a aggressive quote.


Execs and cons

idu-Idea is among the fastest-growing and broadly used monetary reporting software program worldwide. Listed under are a number of the device’s outstanding advantages and downsides.

PROS:
  • Easy safe software program options
  • Environment friendly and updated  
  • Straightforward to make use of and handle software program
  • Helpful to maintain monitor of belongings
  • Budgeting and reporting within the cloud
  • Integrates simply with ERP software program
  • Import performance
  • Fast to deploy and implement
  • Requires little or no ongoing consulting charges
  • Reduces budgeting cycles from months to weeks
  • Clear and concise stories
  • Intuitive seize screens
  • Detailed dashboard
  • Tight consumer safety

CONS:
  • On-line real-time aggregation of a number of buildings
  • Pricey add-ons
  • Element of the finances get away per line merchandise doesn’t export
  • Solely totals are exported
  • The admin module will not be simple to make use of
  • Some IDU commonplace stories usually are not very user-friendly
  • Commonplace functionalities require tweaking
  • Much less excel performance
  • Dynamic reallocation points at instances


Idu-concept Integration

One of many largest advantages of idu-Idea is that the mother or father firm IDU is a Gold Licensed Accomplice. Which means that the monetary device options the most recent Microsoft platforms, applied sciences, and frameworks. Therefore, customers can relaxation assured of being assured an intuitive resolution that capabilities seamlessly with any group’s IT infrastructure.  idu-Idea is wholly built-in, extremely environment friendly enterprise software program for every kind of company monetary administration wants. It integrates with main purposes akin to Sage, QuickBooks, Microsoft Dynamics AX, and Microsoft Dynamics GP.


Specification

Supported Gadgets

  • iPhone/iPad
  • Mac
  • Internet-based

  • Home windows
  • Linux
  • Android

Language Help

  • English

Pricing Mannequin

  • Quote-based

Buyer Sorts

  • Medium  Enterprises
  • Giant Firms

Deployment

  • Cloud Hosted

Idu-concept Help

  • E mail
  • Telephone assist
  • Coaching
  • Tickets
  • On-line

Click on here to request a demo, get a quote, or be taught extra about idu-Idea.


Awards/ Accolades/ Certifications

  • Microsoft Gold Licensed Accomplice
  • 2018 Nice Consumer Expertise Award: Funds On-line
  • Most generally deployed and devoted budgeting system in South Africa
  • Acknowledged by Gartner as one of many prime 25 Company Planning Purposes within the Gartner market information
  • 2018 Rising Star Award: Funds On-line

Idu-Idea Opponents

Listed here are some Idu-Idea alternate options Toolsmetric suggest you to see earlier than opting this software program for your online business :


High idu-Idea Alternate options

  • Zoho Books

Zoho Books is among the greatest monetary reporting software program out there available in the market. It’s a well-liked on-line accounting platform that permits companies to handle cash and money flows. Moreover, customers can handle prospects, elevate and monitor invoices, and hold bills in examine. The software program is particularly designed for small companies for dealing with their funds and stay on the highest of their cash managing operations.

  • QuickBooks

Intuit’s QuickBooks On-line is arguably thought of top-of-the-line small enterprise accounting software program at the moment out there in the marketplace. Not solely does it have each accounts receivable and payable options, however it could additionally monitor stock and initiatives, making it a ‘must-have’ monetary reporting device for companies throughout all sectors. Customers can avail its wonderful options for monitoring bills, financial institution reconciliation, monitoring monetary stories, and drafting invoices amongst different makes use of.

  • Hubdoc

Hubdoc is a web-based cloud-based service and cellular app. It’s used for digitizing monetary documentation. The software program is designed to alleviate information entry for busy enterprise house owners and bookkeepers. Hubdoc monetary reporting software program captures, processes, and syncs treasured data between main accounting purposes. All it’s important to do is solely snap paper invoices, payments, or receipts utilizing a smartphone or pill digital camera.

  • FloQast

FloQast is a monetary administration software program that was created by accountants for accountants to be able to shut sooner and extra precisely. Outfitted with various superior and important options and instruments, this software program is right for every type of companies. It’s a cloud-based accounting resolution that has been designed particularly for monetary account managers,  monetary officers, and accountants. The FloQast shut administration software program permits customers to handle data that’s associated to shopper information, accounting processes, reconciliations, and paperwork. The answer helps customers to automate in addition to monitor the reconciliation progress by a standing dashboard.


Conclusion

In conclusion, idu-Idea gives a variety of budgeting, forecasting, and reporting instruments which might be generally utilized in medium and huge organizations. The monetary reporting device gives environment friendly and efficient options to unravel issues akin to gradual turnaround instances, transparency, accountability, and rigid reporting.

The wholly built-in platform is a cheap enterprise software program resolution to serve all company monetary administration wants. Moreover fast implementation, idu-Idea expenses almost negligible consulting charges and drastically reduces budgeting cycles.


Free Trial
Supported Devices
Windows
Linux
Android
iPhone/iPad
Mac
Web-based
Deployment
Cloud Hosted
Cloud, SaaS, Web
Mobile – Android Native
Mobile – iOS Native
On Premise
Open API
Language Support
English
Hindi
Spanish
French
Russian
Italian
Dutch
Danish
Polish
Turkish
Swedish
Pricing Model
Monthly payment
Annual Subscription
Quote-based
Training
Documentation
Webinars
In Person
Live Online
Customer Types
Small Business
Large Corporations
Freelancers
Medium Business
Support
24/7 (Live Rep)
Email
FAQs
Knowledge Base
Phone support
Chat support
Features
Email Marketing
Landing Pages
Marketing Automation
Webinars
CRM
Autoresponders
Automation
Workflow builder
Customizations
Integration
Integration
8.5 Total Score
"Receiving figures and consolidations in real time means cost centre managers spend more time looking at numbers that are relevant, and less time trying to manage the process and consolidate figures. The application is simple and easy to use, even for non-financially astute users." - Senior Financial Manager, Old Mutual

Idu Concept has helped make reporting, budgeting, and forecasting for my business very easy, almost like an administrative dream. I highly recommend this software for all types of business, big or small.

8.5Expert Score
Design
8
Usability
7.5
Support
8
Price
10
8.7User's score
Design
8
Usability
9
Support
9
Price
9
PROS
  • The best part of this software is that is easy to use and understand for non-financial users. It also is effective when it comes to adaptability and customizing system to suit a business for day to day activities. I also really like the feedback and assistance from the Helpdesk and the consultants are always very effective.
CONS
  • That I cannot see 'back-end' rules to make sure it is in line with my expectations. IDU is a very fiscal set restricted (causing duplication of work & errors to occur). Structures are also very specific, again duplication of work (would be nice to have a 'main' set up where all structures feed from).
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