Financial Consolidation, Statutory Reporting and Group Controlling

- "If you use Excel, you will appreciate Jedox"
Achieving a broad, unified view of performance across an entire group is a complex, tedious and time-consuming task for finance.

Jedox Financial Consolidation

The Jedox Financial Consolidation Model is a configurable software solution for statutory consolidation and management reporting that enables the office of finance to meet internal and external requirements with high speed, agility and consistency. The solution automates complex consolidation measures and accelerates financial reporting that is audit-proof and meets international standards such as IFRS and US GAAP and ‘country’ GAAP.
Flexible management and KPI reports provide the CFO with financial insight and other business functions with validated financial data for self-service analysis. Jedox enables the integration of consolidation and financial reporting with planning, budgeting and forecasting on one platform for digital finance for group-wide performance management and decision-support.

What is Jedox Financial Consolidation

  • Accelerate financial reporting

    Efficient, automated processes for data collectionand consolidation reduce the time spent onpreparing consolidated financial statements.

  • Improve performance management

    Enrich the data foundation for planning,budgeting and forecasting with consolidatedfinancial data for improved decision-making.

  • Ensure traceability for audits

    A highly transparent process and audit trail helpsauditors to trace data, KPIs and calculations.

  • Meet regulatory requirements

    The highly configurable solution enablescompliance with multiple international standards,industry-specific, and local requirements.

  • Fulfill internal reporting needs

    Get better financial insight into group performance.Enjoy the flexibility to adapt reports for internalstakeholders and share intuitive tools forself-service analysis.

  • Deploy your solution quickly

    This pre-built solution is highly configurable andensures fast deployment to get your team moving quickly.

Key Features

Financial Consolidation is part of the Jedox Model family of pre-built applications that enable users to quickly configure powerful solutions for integrated enterprise performance management. With best-practice features and an unrivaled flexibility, the Financial Consolidation Model is designed for fast solution deployment.

Administrate complex group consolidation:

Financial Consolidation

Achieving a broad, unified view of performance across an entire group is a complex, tedious and time-consuming task for finance. Separate financial statements from subsidiaries, subgroups, joint ventures, and associates in different countries need to be consolidated using different methods. Mergers and acquisitions, foreign currency translations and the elimination of intercompany transactions add additional complexity.
So, it is not surprising that countless hours of work and manual processes are required to prepare consolidated financial statements and meet international regulatory reporting requirements as well as the needs of internal stakeholders for enterprise performance management.
Meet external reporting requirments:
  • Audit-trail and traceability

  • Configurable for any standard, including IFRS,
    country GAAP and more (IFRS sample data included)

  • Consolidated balance sheet, P&L, comprehensive income, cash flow, movement schedules, changes in equity, and more

Gain transparency and insight:
  • Flexible management reports

  • Self-service KPI analytics

  • Integration with planning, budgeting and forecasting

Automate consolidation measures:

*Available in Jedox Financial Consolidation v1.1.

Streamline data collection and validation:

Accelerate data preparation:

*Available in Jedox Financial Consolidation v1.1.

Thousands of companies have already chosen Jedox!

We offer the opportunity to try Jedox for free – Our consultants are always ready with instructions for using the Jedox software or ready to answer any question you might have.

Why Qbit?

“A project lasting more than 3 months is NOT a project, but a problem.”
  • Solutions that make sense

    We deliver state-of-the-art solutions which modernize and makes companies more competitive "A project of more than 3 months is NOT a project, but a problem." We deliver solutions in weeks, on time and on budget.

  • Skills

    Qbit consultants have deep financial insight and business understanding that will contribute to increase value and successful solutions with our customers.

  • Jedox Diamond Partner

    Qbit is the most experienced and compelling consultancy house, specialized as Jedox Excellence Center. Among the very few Jedox Diamond Partner worldwide and Jedox Certified Training Center in Scandinavia.

  • We are people working together with people

    We are at eye level with our customers and have the background and experience to understand their business. Our customers are God! Our mission is to help you become more competitive, efficient, and business oriented with support from our best-practice business consulting and with the use of modern budget, planning and forecast modules.

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