Image by Lukas Blazek

Budgeting, Forecasting and Reporting

software for Xero

Tools to take your organisation beyond budgeting

IDU Financial Management and Xero

screen5.png
xero screenshot.jpg
xero.png

Reduce your budget cycle from months to weeks by automating rote processes and empowering business managers to understand, control and account for their budgets more effectively. The idu-Concept tool set integrates seamlessly with Xero to provide a accurate, real time view of actual financial information.

Key benefits of integrating with Xero

With Xero integration there’s no need to upload any data into IDU

No wasted time downloading data and reformatting for upload

Xero integration ensures one source of data

New general ledger accounts are automatically synced with IDU.

Daily automated journal transaction updates mean up to date numbers, aggregations and dashboards.

Update journal transactions on demand if you’re busy with month-end and need to see the latest results.

Why idu-Concept?

idu-Concept has a vast number of solutions that can assist groups or single companies to gain deeper insight into their operational costs, improve their expense management and report on their financial and non-financial data. This includes group consolidated reporting on legal entities, branches, projects, cost centres and profit centres.

Financial Budgeting

By providing reliable access to defined and disclosed budgets, idu-Concept allows financial and non-financial managers to be in control of their accounts at all times

Financial Reporting

A purpose-built module that allows users to keep track of their actuals as they occur, while also providing the tools and technology to analyse this data against the existing budget.

Sales Planning

An online, easy-to-use performance management tool allows users to capture sales budgets at a customer and product level, with real-time aggregation and management.

Sales Reporting

A two-way interface between the budget and sales ledger systems, allowing for real-time interaction with sales data. Daily, weekly and monthly sales information can be communicated directly to managers via the web.

Financial Modelling

Prepare for the future with innovative top down budgeting and “what-if” scenario planning. Get insights into the future of your business for up to 5 years.

Fixed Asset Management

A web-based solution to manage new and existing assets, link assets to unique locations and conduct physical verifications, transfers and disposals of assets – all with a real-time view across the entire organisation.

Advanced Consolidations

Automate the consolidation of complex groups with multiple year ends, multiple currencies and multiple ERP systems with a slice and dice approach to reporting. 

Platforms

The IDU solution can be deployed on premise, in a private cloud of your choice or in our Microsoft Azure-based cloud —all the platforms offer exactly the same functionality.

Empowered Financial Management

Our budgeting, forecasting and reporting tools provide real-time, online access to critical financial information across your business. We’ve designed it to be easy to use for everyone, including non-financial managers, to increase financial awareness, transparency and accountability across your business.

Watch this video to learn more.

Empower you business, free your finance team

Untitled design - 2021-08-11T133213.788-min.png

Automation and Accuracy

Empower business managers, automate data collection, manage budget versions, and improve data integrity and accuracy.

Enhanced Decision Making

Having instant access to up-to-date, accurate financial information drives agility and enhanced decision-making.

Modular and Scalable

Organisations wishing to access greater functionality and additional modules to meet growing or changing requirements can do so with ease.

Easy to use

An easy to use tool that connects strategic, financial, departmental and operational planning in real-time breaking down silos and improving collaboration and accountability.

Analysis and Insights

IDU provides a single version of the truth. From high level overviews to detailed analysis and even drill down to general ledger.

Cost Effective and Quick to Deploy

A cost effective solution that can significantly reduce budgeting and reporting cycles by up to 75%.

About Xero

Xero is world-leading online accounting software built for small business.

  • Get a real-time view of your cashflow. Log in anytime, anywhere on your Mac, PC, tablet of phone to get a real-time view of your cash flow. It’s small business accounting software that’s simple, smart and occasionally magical.

  • Run your business on the go. Use our mobile app to reconcile, send invoices, or create expense claims - from anywhere.

  • Get paid faster with online invoicing. Send online invoices to your customers - and get updated when they’re opened.

  • Reconcile in seconds. Xero imports and categorises your latest bank transactions. Just click ok to reconcile.

 

Find out more or try Xero Accounting Software for free.

How to connect IDU to Xero

Connecting Steps

Connect to Xero in 4 easy steps

  1. Sign up with IDU.

  2. Create your companies in IDU with the help of our expert team.

  3. Our technical consultants then connect your company to Xero.

  4. Follow the prompts to authorize the connection.

Disconnecting Steps

 

Disconnect from Xero in 2 easy steps

  1. Click “Group”, then click "Integrations" then select the company you want to disconnect.

  2. Click “Disconnect from Xero” and confirm the disconnection.

How does the integration to Xero work

IDU connects to Xero in the following way:

  • IDU has a one-way integration where data is fetched from your Xero company

  • The following data is pulled into IDU via secure connection:

    • Chart of accounts

    • Trial balances

  • The trial balances and the chart of accounts for each company that is connected are automatically pulled from Xero once per day at around midnight

  • The user can also kick off the integration manually by clicking “Run Integration” from the Integration screen should they wish to pull data in at a specific time during the day for a particular company

OUR TESTIMONIALS DO THE TALKING

idu-Concept is an extremely powerful budgeting and reporting tool, and the best software investment the university could have made.

Director of Budgets

The system has definitely improved the accuracy, ownership and transparency of our results.

Finance Executive

IDU is a user friendly system with amazing functionalities.

The software has really made our work processes more efficient.

Management Accountant

Untitled design (1)-min.jpg

Empower your Business Now!