Compare OpenBooks and Idu-Concept Software - Aug 2022

Shlomi LaviShlomi Lavi / Aug 15, 2022

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Bottom Line: Which is Better - OpenBooks or Idu-Concept Software?

Idu-Concept Software is more expensive to implement (TCO) than OpenBooks, and Idu-Concept Software is rated higher (81/100) than OpenBooks (62/100). Idu-Concept Software offers users more features (12) than OpenBooks (3).

Looking for the right Budgeting & CPM solution for your business? Buyers are primarily concerned about the real total cost of implementation (TCO), the full list of features, vendor reliability, user reviews, and the pros and cons. In this article we compare between the two software products:

IRIS Vs. IDU

IRIS: With 30 years\' experience, IRIS Software provides business critical software and services to the UK accountancy and SME sectors.IRIS has more than 15,000 UK accountancy practice customers, who rely on IRIS every day to run their business, improve efficiency, increase profitability and save money. With 98% customer retention, IRIS is the most...

IDU: Established in 1998, idu was created by accountants and financial systems specialists to deliver smart software solutions for budgeting and financial reporting across all standard ERP and financial systems. Our flagship product, idu-Concept, is specifically designed to overcome issues that get in the way of effective budgeting, forecasting and repo...

Who is more expensive? OpenBooks or Idu-Concept Software?

The real total cost of ownership (TCO) of Budgeting & CPM software includes the software license, subscription fees, software training, customizations, hardware (if needed), maintenance and support and other related services. When calculating the TCO, it's important to add all of these ”hidden costs” as well. We prepared a TCO (Total Cost) calculator for OpenBooks and Idu-Concept Software.

OpenBooks price Has a free version , On a scale between 1 to 10 OpenBooks is rated 4, which is lower than the average cost of Budgeting & CPM software. Idu-Concept Software price starts at $50 per feature/month , When comparing Idu-Concept Software to its competitors, the software is rated 4 - lower than the average Budgeting & CPM software cost.

Bottom line: OpenBooks cost is around the same cost of Idu-Concept Software.

Which software includes more/better features?

We've compared OpenBooks Vs. Idu-Concept Software based on some of the most important and required Budgeting & CPM features.

OpenBooks: Data Import/Export, Basic Reports, Online Customer Support.

Idu-Concept Software: Dashboard, Version Control, Balance Sheet, Budgeting & Forecasting, Financial reporting.

Target customer size

OpenBooks's typical customers include: Small, medium and large size businesses, and Idu-Concept Software's target customer size include: SMBs.



OpenBooks

ITQlick rating
(4.8/5)

Has a free version

OpenBooks is a leading cloud-based Budgeting-Forecasting software, it is designed to support small, medium and large size business. OpenBooks received a rating of 4.8 from ITQlick team. The software cost is con...

Categories: Fixed Asset Management, Budgeting & CPM, Financial reporting.

Idu-Concept Software

ITQlick rating
(4/5)

starts at $50 per feature/month

IDU-Concept is a budgeting & CPM software designed to give businesses empowered financial management that cuts across budgeting, forecasting, and reporting.

Categories: Budgeting & CPM, Financial reporting, Business performance management, Budgeting & CPM, Financial reporting.

Compare specifications

Compare features

OpenBooks: 3 Features

Data Import/Export
Basic Reports
Online Customer Support

Idu-Concept Software: 12 Features

Dashboard
Version Control
Balance Sheet
Budgeting & Forecasting
Financial reporting
Predictive-Analysis
Project Management
Business performance management
Capital Asset Planning
Forecasting
Income Statements
Project Budgeting
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick score ITQlick Score is a 1 to 100, the calculation is based on pricing, and functionality Vs. alternative solutions
Pricing score pricing Score is a 1 to 10 (10 is high cost), based on the TCO (cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
License pricing license pricing (if provided by the software vendor)
Functionality score
Software review
Compare
OpenBooks
ITQlick rating
4.8/5
Score
62/100
Pricing
4.2/10
License pricing
Has a free version
Functionality
6
Compare
Idu-Conc...
ITQlick rating
4/5
Score
81/100
Pricing
5/10
License pricing
$50 per feature/month
Functionality
26
Workday ...
ITQlick rating
4.5/5
Score
94/100
Pricing
8/10
License pricing
$15,000 per license
Functionality
28
neubrain...
ITQlick rating
3.8/5
Score
92/100
Pricing
4/10
License pricing
$10,000 per license
Functionality
17
Budgyt
ITQlick rating
4.9/5
Score
89/100
Pricing
3/10
License pricing
$399 per month
Functionality
3
Review

Auditor - Shlomi Lavi

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Shlomi Lavi is an entrepreneur and founder of ITQlick.com. He holds a Bachelor of Science (B.Sc.) in Information Systems Engineering from Ben Gurion University in Israel. Shlomi brings 17 years of global IT and IS management experience as a consultant and implementation expert for small, medium and large-sized (global) companies. Shlomi’s goal is to share the best knowledge and news about information systems so you can make smarter buying decisions for your business.