IDL

IDL is a provider of software applications for financial performance management (FPM) offering professional expertise in all aspects of financial consolidation and close; planning; budgeting and forecasting; management and regulatory reporting and analysis. The company was founded in 1990 and currently employs about 150 people in its offices in Germany, Austria, Switzerland and France.

In December 2020, IDL became part of insightsoftware, a global provider of finance software solutions for the office of the CFO. insightsoftware employs 900 people and has over 25,000 customers.

IDL’s CPM suite is an integrated platform and includes modules for financial consolidation (IDL.KONSIS), financial planning (IDL.FORECAST), operational planning, reporting and analysis (IDL.DESIGNER). Furthermore, it offers complementary solutions for financial filings and prebuilt content for specific industries and use cases (e.g., for professional sports and the public sector). IDL solutions can either run on-premises, as cloud services (leveraging Microsoft Azure) or in hybrid scenarios (a combination of both cloud and on-premises). According to IDL, more than 1,100 corporate groups currently use its solutions. If required, third-party products can be used to enhance IDL’s product portfolio (e.g., for ETL and operational planning). The vendor maintains a partnership with Cubeware (OEM products: IDL.IMPORTER, IDL.COCKPIT).

IDL supports planning scenarios with IDL.FORECAST for financial planning requirements and IDL.DESIGNER for operational budgets. IDL.FORECAST is targeted at business departments, which often belong to a group of companies. Company-wide financial results plans (balance sheet, P&L, cash flow) at subsidiary or group level can be created. Therefore, IDL.FORECAST provides a predefined financial (planning) data model with intertwined business rules, based on relational data storage. Thanks to the tight integration of IDL.FORECAST with IDL.KONSIS, it is possible to immediately consolidate plan data (or actuals) also taking into account planned intercompany allocations. IDL.KONSIS offers comprehensive capabilities for legal consolidation (IDW PS 880 certified) including intercompany reconciliation as well as management consolidation. Extensive predefined business rules for financial management are available as standard in the solution.

To address operational planning scenarios other than financial planning (e.g., sales or HR planning), IDL.FORECAST is complemented by IDL.DESIGNER. Operational plans, which are based on multidimensional databases (Microsoft SQL Server Analysis Services or IBM TM1), are integrated with financial plans at data level with predefined routines for data integration using ETL technologies that are available with the underlying databases (e.g., Microsoft SQL Server Integration Services, IBM TM1 Turbo Integrator). Besides its functionality for operational planning, IDL.DESIGNER is also the central component of IDL’s reporting platform and rounds out the portfolio with user-friendly, web-based functions to create ad hoc and standard reports, OLAP analyses and dashboards. Its modern tile interface and Windows look and feel provide a user-friendly environment for designing individual reports and analyses with custom layouts that can be organized in a report catalog.

User & Use Cases

Besides planning, customers mainly use IDL for financial consolidation (81 percent), standard/enterprise reporting (76 percent), basic data analysis (70 percent) and ad hoc query and reporting (70 percent). 54 percent of respondents plan to use it for advanced analysis and 48 percent for dashboards/scorecards in the future. IDL targets mid-sized and large companies across all industries. 61 percent of our sample of IDL customers come from mid-sized companies (100-2,500 employees) with a median of 30 users (including 15 using planning functionality), but the mean of 61 users (34 for planning) indicates there are also some larger implementations. 57 percent of IDL users are planning users – just below the survey average of 66 percent – reflecting the fact that IDL is essentially a financial consolidation tool with complementary planning and analytics functionality.

Current vs. planned use (besides planning)

N=29

Percentage of employees using IDL

N=31

Planning users (as a percentage of all users)

N=31

Total number of users per company

N=31

Planning users per company

N=31

Company size (number of employees)

N=31

Summary of IDL highlights

With one top rank and six leading positions across three different peer groups, IDL – an insightsoftware company once again achieves a very good set of results in this year’s Planning
Survey. Convincing ratings – particularly in the functional KPIs – help to consolidate its position as a market leading FPM platform that delivers considerable benefits to its customers. Companies can benefit from using IDL in terms of increased transparency of planning, improved integration of planning with reporting/analysis and improved integration of different sub-budgets. Overall, these benefits lead to a better quality of planning results for many customers. 87 percent of IDL users say they would definitely or probably recommend their planning product to other organizations – a great result, which is a strong indicator of customer satisfaction with the vendor and its product.

Financial Consolidation – Leader

Peer Group: Financial Performance Management Products

Reporting/Analysis – Leader

Peer Group: Financial Performance Management Products

Workflow – Leader

Peer Group: Financial Performance Management Products

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Planning Survey 21 Awards

IDL

Peer Groups Financial Performance Management Products, Midsize/Departmental Implementations, Performance Management Specialists
VendorIDL, an insightsoftware company
Number of responses31
Product IDL CPM Suite
Offices10 offices in Germany (HQ), Austria, Switzerland and France
Employees150
Customers>1,100
Revenues (2020)Undisclosed
Websitewww.idl.eu

Product Video

Screenshots from IDL

Quotes from the Planning Survey 21

Comprehensive workflow functionality is a core concept in IDL and – given the product’s leading ranks in all its peer groups – customers are highly satisfied with it.
The Planning Survey 21
The Planning Survey results confirm that customers are highly satisfied with IDL’s financial consolidation functionality, which is a key strength of the product.
The Planning Survey 21
IDL offers built-in reporting and analytics functionality for all internal and external reporting needs.
The Planning Survey 21
87 percent of IDL users say they would definitely or probably recommend their planning product to other organizations, while 90 percent of respondents are ‘somewhat satisfied’ or ‘very satisfied’ with IDL.
The Planning Survey 21
Ein sehr leistungsfähiges und von den Prozessen her durchdachtes Produkt. Hohe Integrationsmöglichkeit in Vorsysteme. Alle Zusagen wurden eingehalten. (Consultant, consulting, >2,500 employees)
The Planning Survey 21