Jedox is a specialized software that optimizes forecasting and planning in all departments. It not only systematically analyzes actual data. For example, the program enables the planning of future financial resources and expenditure and automatically generates the corresponding forecasts. The software speeds up and simplifies the associated work considerably. It is therefore an important tool for increasing efficiency within a company.
What is Jedox and how does it work?
Jedox is a cloud-based enterprise performance management software that supports companies in improving their value creation. The EPM software helps you with the following tasks
- Planning
- analysis
- reporting
- Optimization of value creation processes
The special feature here is that every department has a shared view of all operational and financially relevant data in your company. These specialist users may, for example, work in finance, human resources, sales, marketing or purchasing. This enables effective collaboration.
On this basis, operational, strategic and collaborative consistent plans can be created. In addition, it is possible to continuously analyze, control and optimize the subsequent implementation.
The advantages of Jedox for companies of all sizes
With the help of EPM software, companies of all sizes can accelerate their budgeting and planning. The program eliminates the need for complex Excel-based planning processes and saves time. The innovative software provides effective support for operational management through automation and accurate forecasts. In summary, the software offers you the following four advantages:
- You control and plan your entire value chain with the help of a software solution.
- You use artificial intelligence for analysis, planning and reporting.
- The solution has a modular structure and can gradually enable or improve planning in individual areas.
- You avoid the disadvantages of Excel, as all data is stored centrally and business logic is controlled centrally.
How to create a financial forecast with Jedox
Automating time-consuming processes in your day-to-day work as a controller with the financial models based on EPM software is still done in Excel style. However, you use useful automation and consolidation functions.
The EPM software acts as a standardized platform for all controlling and accounting tasks. The time-consuming and error-prone collection of data using Excel spreadsheets is no longer necessary.
All relevant data from different areas, departments and branches can be collected, commented on and automatically validated at the touch of a button. Artificial intelligence checks the data thanks to control algorithms. The data is then immediately available for analysis, planning and performance management.
How Jedox helps you identify trends and patterns
With the latest Jedox version, generating and creating insights is much easier. With the help of no-code dashboards and drag-and-drop canvas technology, you can compare all relevant data over various time periods with different benchmarks. Important indicators are then compared using labels, KPI cards and ComboBox elements.
The visual representation of the data simplifies interpretation and makes it easier to understand. Data from different sources can be compared to identify discrepancies and performance gaps for further analysis. Monitoring and tracking data over specific time periods ultimately helps to identify patterns, trends and insights using expert analysis or artificial intelligence.
How can you manage unpredictable events with effective financial planning and Jedox?
Simulations help to identify potential risks and integrate them into planning. If controlling is carried out using Excel, this goal can hardly be achieved. Consilix therefore recommends Jedox as atechnical solution .
Jedox Predictive Forecasting creates AI-supported forecasts that are forward-looking. All parts of integrated corporate planning are interlinked. This reveals interactions between the sub-areas, which are of great importance for financial planning. With the help of scenarios and alternative calculations, it is then possible to react appropriately to changing conditions and realistically assess the effects.
What are the areas of application for Jedox?
The software is suitable for a wide range of business areas. For example, it is used in management, sales, marketing, personnel planning, purchasing and financial planning. It fulfills the following functions:
- Forecasting and budgeting
- Real-time analyses
- Plan entry with write-back capability
- Data consolidation and data discovery
- Predictive analytics and scenario planning
How can Jedox help to simulate multiple scenarios and plans?
Simulating different scenarios, including possible risks, is extremely important for financial planning. Only through forward-looking and precise planning is it possible to obtain a stable basis for future developments. With a clear idea of all potential situations, you can plan with foresight and confidence.
This is often difficult without special software, especially for extensive projects. The software offers support here. The customizable and versatile tool can help to identify risks quickly. With the help of the simulation, factors that are susceptible to disruption become visible so that you can devote the necessary attention to them at the right time.
Make your business planning more effective with the right software and find out about your options today.Contact us at and we will get back to you as soon as possible.