idu-Concept

What is Idu-Concept?

Idu-concept is a financial management software that can help businesses gain control of their finances successfully. It is a financial reporting, forecasting, and budgeting system for small, medium, and large enterprises across a variety of sectors. The financial reporting software also helps companies track their spending, manage their equipment and assets among other things. As per the last consensus, the company prides itself on having 340 customers and 33,500 users.

The aim of idu-Concept’s Financial Reporting module is to enhance visibility and provide complete access to regularly updated and accurate data. Its efficient Revenue Reporting module also allows users to analyze revenue data in real-time and share inputs. The financial reporting tool predicts risk, calculates anticipated outcomes, and reports on past numbers.

Based on the preference and requirements of businesses, idu-Concept can be deployed in the cloud or installed on a local server. Users can pay a monthly subscription, or purchase the software outright. The popular financial tool’s functionality includes automated and customizable alerts that notify users every time new information is uploaded to the database. It also alerts users when a particular data set needs attention.

Vendor Details:

• Company: IDU Holdings
• Website: www.idusoft.com
• Founded in 1997
• Founders: Kevin Phillips, James Smith, and Wayne Claassen
• Cape Town, South Africa

Key Metrics of idu-Concept

idu-Concept is considered one of the best and innovative financial management solutions in the market today. With this finance software, users can bid goodbye to error-ridden and complicated spreadsheets and say hello to fast and streamlined corporate performance management. Inefficient reporting and budgeting are some of the biggest concerns of any organization, big or small and idu-Concept is the answer for cutting-edge financial management solutions.

One of the key metrics of idu-Concept is that it integrates easily with ERP software, but unlike other offerings, the software can be implemented quickly and requires little to no ongoing consulting fees. Additionally, it reduces the budgeting cycles from months to weeks!  The parent company IDU prides itself on having a growing global network of partners and offices that are ready to deliver simple yet smart budgeting, forecasting, and reporting solutions for businesses.

Here are ten of idu-Concept’s key metrics:

1. Budgeting and Forecasting

• Financial Budgeting Module
• Revenue Budgeting Module

2. Reporting

• Financial Reporting Module
• Revenue Reporting Module

3. Asset Management

4. Cloud Financials

• Bring Your Own Licence to the Cloud (BYOL)

5. Functional Features

• Multiple views of data
• Interfaces with all common ERPs
• Online real-time aggregation of multiple structures

6. Budget Creation:

7. Budget Periods:

• Forecasting
• Planning
• Budgeting

8. Budget Management:

• Consolidation
• Workflows
• Adjustments

9. Data Analysis:

10. Forecasting:

Uses/ Applications

Features

Idu-concept Pricing

1. Starting from: $50.00/ user/ month
Pricing model: Subscription

Light, Standard & Enterprise editions available.
Contact info@idusoft.com for a competitive quote.

Pros and cons

idu-Concept is one of the fastest-growing and widely used financial reporting software worldwide. Listed below are some of the tool’s prominent benefits and drawbacks.

Idu-concept Integration

One of the biggest benefits of idu-Concept is that the parent company IDU is a Gold Certified Partner. This means that the financial tool features the latest Microsoft platforms, technologies, and frameworks. Hence, users can rest assured of being guaranteed an intuitive solution that functions seamlessly with any organization’s IT infrastructure.  idu-Concept is wholly integrated, highly efficient business software for all kinds of corporate financial management needs. It integrates with leading applications such as Sage, QuickBooks, Microsoft Dynamics AX, and Microsoft Dynamics GP.

Specification

Supported Devices

Language Support

• English

Pricing Model

• Quote-based

Customer Types

• Medium  Enterprises
• Large Corporations

Deployment

• Cloud Hosted

Idu-concept Support

• Email
• Phone support
• Training
• Tickets
• Online

Click here to request a demo, get a quote, or learn more about idu-Concept.

Awards/ Accolades/ Certifications

• Microsoft Gold Certified Partner
• 2018 Great User Experience Award: Finances Online
• Most widely deployed and dedicated budgeting system in South Africa
• Recognized by Gartner as one of the top 25 Corporate Planning Applications in the Gartner market guide
• 2018 Rising Star Award: Finances Online

Idu-Concept Competitors

Here are some Idu-Concept alternatives Toolsmetric recommend you to see before opting this software for your business :

Top idu-Concept Alternatives

• Zoho Books

Zoho Books is one of the best financial reporting software available in the market. It is a popular online accounting platform that allows businesses to manage money and cash flows. Additionally, users can manage customers, raise and track invoices, and keep expenses in check. The software is specifically designed for small businesses for handling their finances and remain on the top of their money managing operations.

• QuickBooks

Intuit’s QuickBooks Online is arguably considered one of the best small business accounting software currently available on the market. Not only does it have both accounts receivable and payable features, but it can also track inventory and projects, making it a ‘must-have’ financial reporting tool for businesses across all sectors. Users can avail its excellent features for tracking expenses, bank reconciliation, monitoring financial reports, and drafting invoices among other uses.

• Hubdoc

Hubdoc is an online cloud-based service and mobile app. It is used for digitizing financial documentation. The software is designed to alleviate data entry for busy business owners and bookkeepers. Hubdoc financial reporting software captures, processes, and syncs precious information between leading accounting applications. All you have to do is simply snap paper invoices, bills, or receipts using a smartphone or tablet camera.

• FloQast

FloQast is a financial management software that was created by accountants for accountants in order to close faster and more accurately. Equipped with a number of advanced and essential features and tools, this software is ideal for all types of businesses. It is a cloud-based accounting solution that has been designed specifically for financial account managers,  financial officers, and accountants. The FloQast close management software allows users to manage information that is related to client data, accounting processes, reconciliations, and documents. The solution helps users to automate as well as track the reconciliation progress through a status dashboard.

Conclusion

In conclusion, idu-Concept offers a wide range of budgeting, forecasting, and reporting tools that are commonly used in medium and large organizations. The financial reporting tool offers efficient and effective solutions to solve problems such as slow turnaround times, transparency, accountability, and inflexible reporting.

The wholly integrated platform is a cost-effective business software solution to serve all corporate financial management needs. Besides quick implementation, idu-Concept charges nearly negligible consulting fees and greatly reduces budgeting cycles.