IDU | Budgeting Forecasting and Reporting Solutions: June 2019

Wednesday, 26 June 2019

IDU Leader in Budgeting & Forecasting Category of G2 Crowd Report

G2 Crowd, the world’s leading business solutions review website, released its Summer 2019 Report in Chicago on the 24th June 2019.  idu-Concept achieved Leader in the Budgeting and Forecasting Category and High Performer in the CPM Category based on the responses of real users for each category respectively.

The Budgeting and Forecasting Category is new to G2 Crowd, and to qualify for inclusion in the Budgeting and Forecasting category, a product must meet a number of key requirements including:

·         Comparing revenues and expenses estimates with actuals
·         The ability to consolidate budgets from several departments
·         Use what-if scenarios to forecast possible budget changes
·         Monitor the performance of budgeting processes

idu-Concept’s rich functionality ticks all these boxes and more, while remaining an extremely user-friendly toolset!  With the IDU Cloud solution companies can now also make use of world class financial planning, reporting and analytics capabilities without large capital expenditure outlays. IDU Cloud harnesses the power, performance, security and scalability of the Microsoft Azure Cloud Platform, and offers ease of use, rapid deployment, and seamless data integration at an affordable price.

IDU achieved Leader and High Performer awards in the Summer 2019 Report by receiving positive reviews, from verified users compared to similar products in their category. For inclusion in the report a product must have received ten or more reviews, IDU currently has 28 reviews.  

“We are very proud to once again be included in the G2 Crowd Report, and to have received such high ratings from our customers, who are ultimately the driving force behind our success” said Kevin Phillips, CEO, IDU

“Rankings on G2 Crowd reports are based on data provided to us by real users,” said Michael Fauscette, chief research officer, G2 Crowd. “We are excited to share the achievements of the products ranked on our site because they represent the voice of the user and offer terrific insights to potential buyers around the world.”

Learn more about what real users have to say or leave your own review of idu-Concept on G2 Crowd’s review page!

About G2 Crowd

G2 Crowd, the world’s leading business solution review platform, leverages more than 440,000 user reviews to drive better purchasing decisions. Business professionals, buyers, investors, and analysts use the site to compare and select the best software and services based on peer reviews and synthesized social data. Every month, more than one million people visit G2 Crowd’s site to gain unique insights. Co-founded by the founder and former executives of SaaS leaders like BigMachines (acquired by Oracle) and SteelBrick (acquired by Salesforce) and backed by more than $45 million in capital, G2 Crowd aims to bring authenticity and transparency to the business marketplace. For more information, go to

Thursday, 6 June 2019

The 10X employee

The myth of the 10X programmer has long done the rounds in the software world. Stories abound of unicorn software engineers that can churn out 10 times, or 100 times, as much code as the average programmer. The rockstar coders that accelerate startups with their ninja skills.

For some people there is no doubt that the 10X programmer exists, and is essential to success. The argument goes that programming is not linear, so 10X programmers can compound experience, knowledge, an uncanny ability to achieve efficiencies, and a creative flair for coding that allows them to outstrip their team mates.

The other side of the argument goes that it doesn’t matter whether or not they exist, rather that very often these 10X programmers cause so much disruption (of the unhelpful kind) in the long-term, that they aren’t worth the short-term wins. This chaos ranges from technical debt – where down the line the fallout from their “genius” causes a whole lot more coding and debugging work; to poor culture fits: the stereotype of the unapproachable, unwashed, sleep-deprived coder.

Whatever your views on the 10X programmer, it is very clear that we all need to 10X our skills and experience to remain relevant in a rapidly digitalising, fourth industrial revolution world. This challenge was rather beautifully summed up, as only an accountant could, at our user conference earlier this year.

“Am I an asset to my company?” asked one of the attendees during a keynote and Q&A session with Sameer Rawjee, the founder of Google’s Life Design Lab, and currently working with companies and schools to tackle continuous learning and purpose at work.

“Or am I just OpEx?” the attendee continued.

The rest of the audience of accountants chuckled that he had managed to avoid using the word “liability”. But this insightful question really gets to the heart of a matter that affects us all, as individuals and business owners in a rapidly changing workplace. How do we ensure we stay relevant in our own roles, plus, as leaders, how can we help our people stay valuable in our companies?

I think that on day one of our jobs, we are all assets to our company. But that we run the risk of depreciating every single day, unless we actively work to ensure our growth, to 10X ourselves and the people around us continuously, to keep pace, stay relevant and remain impactful.

Darwin nailed it when he highlighted adaptability as the key to survival. And today, as digitalisation gains pace, we need to adapt over a shorter time frame than ever before. However, if companies and their people adopt the right mindset, this offers immense opportunity.

Much has already been written about how AI and automation promises to relieve us from repetitive, mundane work. And it is becoming increasingly clear that companies will need to spend some of the savings and increased earnings gained from digitalisation’s greater efficiencies and productivity on helping their people continue to learn. In the same way that businesses have an imperative to digitalise in order to survive, they have a moral obligation to their people to help them adapt around these changes.

Ensuring that we stay one step ahead of the machines, doing the things that AI can’t yet, or won’t ever, do is the sweet spot of how we can 10X our careers. A good way, and perhaps the only way, to focus on the things that the machines can’t do, is to hone in on the skills that require emotional intelligence. One of the challenges here is that these skills are difficult to measure and grade in the formal learning system. But, ironically, they could be the key to successful uptake of automation and AI in an organisation as well: communicating change effectively; listening empathetically to people’s concerns; leading the way in this new way of working. These are all “soft” skills. Others that will be critical to the take up of digitalisation are creative problem solving and ethical judgement.

A way that this ongoing learning can happen, I would suggest, is that responsibility needs to be shared. Individuals must identify their areas of growth, and companies need to ensure that everyone is very clear about the business’s vision, goals and plans, so that the two can align.

This is not dissimilar to how I advise companies to canvass the grassroots of their organisation during the budget process as they know what needs to be done at the coalface, especially during tough times. Likewise it’s the people on the ground who know what they need to learn to remain relevant, and happy, in their roles. They may not always get it right but it is the role of management to guide them and help them align their goals with what the company needs to survive and grow. 

Working to continuously 10X our careers, and those of our people, is going to ensure we remain true assets, constantly appreciating, and continuously adding value in ever-changing times. And never becoming expenses, or worse, liabilities.

As published on ITWeb - June 2019