Published 10. Apr. 2017
Accelerating Planning, Budgeting and Forecasting with Simplified Performance Management
IoT product development challenges existing R&D thinking and enables more impactful product development.
by Martin Memborg, Partner, Qbit
Reducing the effort for company-wide planning is of prime importance for every organization. In the modern day, to attain this goal, companies are striving to improve their Business Intelligence (BI) and Enterprise Performance Management (EPM) capabilities − laying the foundation for better and faster decision making.
However, traditional solutions are expensive, slow to set up, and require IT specialists, and external consultants. Jedox takes a different approach with its rapid prototyping and deployment approach.
“The Jedox BI and Enterprise PM solution streamlines planning, analysis, and reporting quickly, easily and inexpensively, allowing business users to model data themselves,” says Martin Memborg, Partner, Qbit – Qbit is the Jedox representative in the Scandinavia area.
Jedox founded in Germany and works with an ExcelPLUS philosophy, which aims at transforming spreadsheet assets in an organization and implementing complex planning and BI requirements rapidly, efficiently, and securely. Having over a decade’s experience as an EPM solution provider with 1.700 global customers and in Scandinavia Qbit has customers like ABB, Rambøll, Tryg, DSV, Sanofi, Bonnier, The Danish Food Administration, Lolland, Glostrup Municipality
Having the biggest challenge in the EPM space − Jedox found that companies spend ages in planning, budgeting, and forecasting. “Most organizations use spreadsheets for planning, budgeting and forecasting, which often results in poor decision making and other business challenges. Focused at addressing these challenges, Jedox offers solutions that redefine, simplify, and accelerate their clients’ planning process. Using the ‘one platform, one product approach’, Jedox has a simple and cost-effective licensing model for both cloud and on-premise usage.
By transforming Excel sheets into a multi-dimensional in-memory database, users can connect and gather data from all the existing sub-systems (ERP, CRM, data files, data warehouses) within an organization.
The Jedox technology, an innovative technology for business-driven intelligence, works around four core areas − performance management, reporting, mobile devices, and data integration. The product unifies planning, reporting, and data analytics, enabling business users to analyze historical data for meaningful insight, for intelligent planning and forecasting. “With Jedox, our clients can transform their current planning process and have a complete 360-degree view on their entire business process.
- CFO’s capabilities to convert data into business insights.
- Robotics and automation in finance processes.
- Organizational transformation enabling new revenue streams and business models.
- The CFO’s role in identifying new opportunities for growth.
- Volatility – Managing risk in rapidly changing market environments.
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Chief Solution Executive, Symbio Finland