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. .
idu-Concept the award winning Corporate Performance Management solution is available in the cloud!
IDU has made its flagship idu-Concept suite of products available on both a Private and Public Cloud Platform. This will enable companies large and small to access the full idu-Concept Suite.
Businesses can choose to use the IDU private cloud platform through our partner CipherWave, a cloud provider of your choice or the IDU Software-as-a-service (SaaS) solution harnessing the power and scalability of Microsoft Azure® Cloud Platform.
IDU Cloud offers world class CPM capabilities without large capital expenditure outlays. Rather than buying costly servers, cloud provides access to state-of-the-art infrastructure, security, reliability, scalability and performance.
Decision makers can have instant access through the cloud to critical business insights securely, anywhere and anytime, through a computer or any internet enabled mobile device.