Case Study: Old Mutual achieves simpler, faster and lower-cost budgeting with IDU's idu-Concept

IDU has streamlined the budgeting process making it simpler, faster and less costly

Old Mutual’s Retail Division faced a paper‑intensive, time‑consuming budgeting process built on Excel spreadsheets and needed a robust front‑end budget‑capturing solution. They engaged IDU to deploy idu-Concept, a web‑based budgeting and reporting tool, to replace the spreadsheet workflow and improve budget capture and reporting.

IDU implemented idu-Concept in just 10 days, delivering real‑time consolidations, an intuitive front end and greater accountability for line management, which made the budgeting process simpler, faster and less costly. The solution reduced budgeting cycles from months to weeks, scaled from an initial 130 budget areas to more than 800 cost centres in the Retail Division, and was rolled out to other Old Mutual divisions and regions, demonstrating clear measurable impact.

Old Mutual

Sivegan Naidoo

Operations Manager