Jedox

Jedox is a provider of CPM software solutions and professional services. Founded in 2002, the company has grown to a team of more than 400 employees. The vendor serves more than 2,900 customers worldwide through its headquarters in Freiburg, Germany, its international offices, and a network of more than 200 partners and global alliances. Besides implementers, the vendor has a technology partner network that includes Microsoft (Azure, Office, Power BI, Teams, Dynamics, etc.), Salesforce/Tableau and Qlik. To accelerate customer growth and expand the company’s global footprint while enhancing its CPM platform, Jedox works with several global investment partners.

The company’s flagship product is Jedox, a flexible CPM platform with planning, budgeting, forecasting, reporting, dashboarding, analysis and financial consolidation capabilities. The solution offers both an Excel client and a web interface. The Excel add-in is a classic spreadsheet interface that combines familiar Excel functions with additional Jedox features. The web client has a browser-based spreadsheet interface – a kind of Excel on the web – with additional features. The software is available as SaaS in the public cloud (using Microsoft Azure) or can also be deployed in private environments, for example using other cloud infrastructure providers (e.g., Amazon, Google or Microsoft) or on premises.

Jedox is aimed at business users who create custom CPM and analytics applications that require collaboration and data input from across the enterprise. Leveraging the product’s own in-memory database, users have a flexible multidimensional experience while staying in their familiar spreadsheet environment. Jedox Integrator, a web-based ETL tool, allows customers to integrate data into Jedox OLAP Server. It comes with many prebuilt connection types including an SAP connector. Additional connectors and integration solutions are available to access live Jedox data and reports from third-party systems via an OData interface (e.g., Salesforce CRM, Microsoft Power BI, Qlik). Trained business users can take on responsibility for administering and developing Jedox applications. These applications can be published to large groups of users via Jedox Web and Jedox Mobile. Both top-down and bottom-up planning scenarios can be implemented with Jedox. Furthermore, the platform is complemented by prebuilt solutions for various topics and industries, created by Jedox or partners (e.g., for financial planning and analysis, financial consolidation and close, sales performance management, S&OP, supply chain planning, workforce planning, ESG, etc.) as well as best practice accelerators (including prebuilt reports, database, rules, integration logic, framework of basic functions, etc.). This content is based on best practices and is available in Jedox’s own integrated marketplace.

Jedox Financial Consolidation supports companies in preparing and reporting consolidated financial statements of subsidiaries. By automating both standard and more complex consolidation tasks, it enables faster group-wide reporting for international reporting standards such as IFRS, US GAAP, HGB and many more. The out-of-the-box application follows industry best practices, but also offers a high degree of configurability and flexibility to meet individual management and reporting requirements. Workflows and data validation further support process optimization. The application supports intercompany elimination, debt and capital consolidation, automatic and manual journal entries, and more. For specific requirements such as lease accounting, tax and disclosure management, third-party solutions can be integrated to ensure seamless data integration and advanced functionality.

In addition to comprehensive planning functionality, Jedox also provides reporting, analysis and dashboarding capabilities for business users. For reporting, Jedox includes a report designer in the web client, an Excel-like environment for creating reports that offers the flexibility to include any data and layout. With the introduction of Jedox Canvas, the platform has been enhanced with comprehensive features for responsive dashboards and management reports on any device. Business users can combine different report objects on a canvas to create custom dashboards by drag-and-drop without coding. In addition, Jedox’s powerful Excel add-in provides flexible options for navigating and analyzing data with classic OLAP functions such as drilling, slicing & dicing and pivoting. Both clients offer standard and advanced charts for visualizing information as well as IBCS-compliant charts. Being an open platform, Jedox also integrates with existing BI and analytics infrastructures and ecosystems and can extend them with its planning capabilities (e.g., Microsoft Power BI, Qlik and Tableau).

Leveraging AI and ML in finance and CPM is a strategic initiative for Jedox. The vendor is continuously enhancing the platform with capabilities for automated data preparation, predictive forecasting, outlier detection and intelligent insights. Jedox AIssisted™ Planning provides a wizard-based web service in Jedox that supports predictive use cases. In addition, JedoxAI provides an AI Search capability that uses natural language processing to help users query data by simply asking questions.