Case Study
CORONATION FUND MANAGERS
Ease of Use Drives IDU Adoption at Coronation
ABOUT CORONATION
Coronation was founded in Cape Town, South Africa in 1993. They are an investment-led, owner-managed business with staff owning 25% of the company. They are solely focused on asset management and have a track record of delivering superior long-term returns to clients over the past two decades. Coronation have an integrated global investment team that is headquartered in Cape Town, South Africa. They also have offices in London, Dublin, Johannesburg, Durban, Pretoria, and Namibia.
THE BUSINESS CHALLENGE
Coronation investigated several different budgeting packages when the limitations of spreadsheet-based budgeting became too severe, says Sylvia Peter, Accountant at Coronation. “We were consolidating spreadsheets from managers across all of our cost centres, in 3 different currencies. It was becoming very difficult to keep track of multiple versions and errors crept in. It was not a fun process.”
Other solutions offered larger numbers of reports, says Sylvia, “but IDU-Concept’s were the most useful. We could see that accountants had a strong role in developing the software – it addresses our real needs very well. Above all, IDU-Concept really stood out for its ease of use.”
Best of all, Coronation realised all these benefits for a fraction of the cost of solutions from larger vendors.
-min_edited.png)
THE SOLUTION
Coronation adopted IDU‑Concept, a solution designed with accountants in mind and praised for its ease of use. The platform streamlined budgeting by consolidating data across departments and currencies, eliminating errors and reducing reliance on manual fixes. Line managers, including non‑financial staff, found the system intuitive, enabling them to engage more actively in budgeting and performance tracking.
With real‑time visibility, built‑in reporting, and the ability to comment on budget line items, IDU empowered both finance and business teams to achieve greater accuracy, transparency, and control — all at a fraction of the cost of larger vendor solutions.
A PARTNER IN SUCCESS
%20(002).jpg)
“Supporting Coronation’s journey from spreadsheet complexity to streamlined control has been incredibly rewarding. Their adoption of IDU shows how ease of use and transparency can transform financial management, empowering both finance and line managers to engage confidently with the numbers.” Mark Sayle, Account Manager, IDU
“IDU‑Concept really stood out for its ease of use. It has transformed our budgeting process, making it faster, more accurate, and far more transparent. What used to be a frustrating, error‑prone task with spreadsheets is now a streamlined system that engages both finance and line managers.”
Sylvia Peter, Accountant, Coronation Fund Managers
THE RESULT
Spreadsheet inefficiencies eliminated: Consolidation across currencies and cost centres simplified.
Ease of use drove adoption: Both finance and line managers engaged actively in budgeting.
Real‑time visibility gained: Spending tracked instantly with accurate, transparent reporting.
Cost‑effective solution: Achieved all benefits at a fraction of larger vendor costs.
