idu-Concept is a product developed by idu Software (Pty) Ltd. It has been designed to streamline and reduce the time consuming and repetitive process of budgeting, forecasting and management reporting. idu-Concept establishes a platform of ownership and empowerment with cost centre managers that inevitably leads to radical improvement in the effective control of every business. To enable idu-Concept to deliver real empowerment and create an environment of participation the client experience is extremely user friendly, enabling even the users with the lowest amount of financial expertise to navigate their accounts and budgets with relative ease. In addition, and to recognise that each client will have unique requirements, the system has been designed in a modular fashion allowing for the product to grow in line with your requirements. The product currently supports the following modules.

 

Financial Budgeting

Budgeting is the most highly visible accounting information after the financial statements, available to both financial and non-financial managers. The attainment of defined and disclosed budgets can often be the make or break of a business and its management. Companies using the system have successfully reduced their budget cycle from months to weeks, and have the ability to reforecast within days.
Idu-Concept Financial Budgeting Module is available in a Light, Standard or Enterprise Edition, depending on the amount of functionality required.

 

Financial Reporting

The benefits of capturing a budget or forecast in an effective and efficient manner are enormous; however the real value of budgeting is only realised once the actual spend is brought to book and compared against the budget or forecast. idu Software has developed a purpose built module to allow users to focus on the real costs and to analyse these. The idu-Concept Financial Reporting Module is a two way interface between the budget and general ledger system. It builds on the advances achieved through the Financial Budgeting Module delivering an optional module to allow the reporting of daily, weekly and monthly financial information to managers via the web. Idu-Concept Financial Reporting Module is available in a Light, Standard or Enterprise Edition, depending on the amount of functionality required.

 

Revenue Budgeting

It has become accepted that financial budgeting benefits from end user input. The result is a more realistic and sustainable budget which will have the buy in of the end user. Revenue budgeting does not appear to share the same attribute as most revenue budgets are still prepared centrally and normally with little or no input from the end user, who is expected to deliver the sales. This module challenges this status quo by delivering a user friendly toolset to enable the capture of revenue budgets at a customer product level with real-time aggregation and management.

 

Revenue Reporting

Companies depend on their sales teams to generate the revenue that fuels growth. Pressure is increasing for revenue forces to meet their goals and on managers to monitor performance. This module allows real-time interaction with revenue data and allows users to comment and analyse variances between anticipated revenue outcomes and those that have actually transpired. Aggregation allows real-time analysis by product and customer, or any summary of the underlying information.

 

Asset Reporting

All cost centre managers have responsibility for the assets in their direct area of responsibility, yet few have access to the asset register. The idu-Concept Assets Module provides access to the asset register information without allowing direct access. It facilitates asset audits and allows managers to actively manage assets, initiate transfers and disposals.