IDU and Quick Consols form a strategic alliance

IDU, the corporate performance management (CPM) software company who’s award winning solution idu-Concept transforms budgeting, forecasting and financial modelling processes for medium and large businesses, has formed a strategic alliance with Quick Consols, a cloud based financial consolidation tool that automates the consolidation of complex groups and companies.

There are great synergies between these two companies, with both IDU and Quick Consols offering easy-to-use, cost effective yet enterprise-grade finance tools that automate, simplify and streamline the often complex yet essential tasks of budgeting, forecasting, modelling and reporting. Both idu-Concept and Quick Consols were designed by CA’s and are both still founder run. Both solutions eliminate the reliance on spreadsheets, thereby improving accuracy, saving time and radically improving the decision-making process.

The online, real-time, collaborative nature of both solutions ensures that at any given time finance leaders have access to an up-to-date single version of the truth. Both IDU and Quick Consols are committed to providing tools that will assist in changing the role of the Financial Manager or CFO from preparer of information to that of strategic analyst of company performance.

Both companies boast an impressive list of clients across a wide range of industries and sectors. This strategic alliance widens the range of expertise and services that can be offered to existing customers adding tremendous value to them and to new business prospects alike.

Kevin Phillips (CEO IDU) observes “IDU has long offered an enterprise solution aimed at empowering and involving the middle management layer in the financial processes. Consolidation has never been one of our focal points, however, we have been approached more frequently in recent years to provide this solution as well. The strategic alignment we now have with Quick Consols delivers the missing piece of the puzzle to our corporate clients.”

“Quick Consols provides a quality consolidation experience to corporates needing more than a simple aggregation of numbers. However many clients are looking for a budgeting and forecasting toolset in conjunction with our consolidation platform. Our strategic alliance with IDU delivers what our clients are seeking, a composite solution meeting both corporate planning and consolidation requirements.” says Steven Auf (CEO Quick Consols)

About IDU

IDU delivers top of class packaged budgeting, forecasting, performance management and reporting tools to simplify financial management. Our flagship product, idu-Concept, provides easy, effective budgeting, forecasting and financial reporting for medium-sized to large businesses. idu-Concept integrates easily with ERP software, but unlike more cumbersome offerings, idu-Concept can be implemented quickly, requires little or no ongoing consulting and reduces budgeting cycles from months to weeks. For more information on IDU, please visit www.idusoft.com

About Quick Consols

Quick Consols is a financial consolidation tool aimed at groups and complex companies. The cloud-based software automates the consolidation of complex groups with multiple year ends, multiple currencies and multiple ERP systems with a slice and dice approach to reporting. It is an easy-to-use, cost effective platform that eliminates the reliance on spreadsheets, saving time and improving the decision-making process. For more information on Quick Consols please visit www.quickconsols.com

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