Digital Planning and Forecast
Replace the manual Excel based budget forecast process and save man-years with an integrated digital workflow in an online tool for group finance, budget units and departments.
Integrated solution and digital workflow:
- Data is loaded from the municipal ERP system
- Business and / or budget units report expected forecast of the year in both text and figures
- Reporting is consolidated online and generates reports to budget areas and the Executive Board
- Approval flow ensures a managed process across the organization
- Group finance monitors work progress through a status monitor.
Gains:
- Eliminates manual processes (Excel sheets, emails, word, PDF)
- Streamline budgeting process across organization
- User-driven process.
- Online consolidation in reports
- Model is 100% integrated with Excel
"In connection with Herlev Municipality´s new IT digitization strategy, we chose Digital Budget and Forecasting module from Qbit, with integration to KMD Opus and digitization of the many processes, manual and heavy Excel works..."
"We have had a corporation with Qbit for many years and we use Jedox to digitize our corporate finance processes to support the monthly reporting and status on the total forecast for the municipality..."
"Qbit has help us to digitalization and streamline several classical manual and heavy Excel processes at Faxe Municipality. Qbit has help us to modernize and integrate processes to benefit and automate the budget, planning and forecast processes in the corporate finance department and business units..."
What can Jedox offer?
Jedox embrace all business units to collect information’s and to support business and work processes, and at the same time, gives insight in company goals and results.
Group finances clarify budget follow-up to the entire municipality.
The system automatically collects budget and consumption from the finance system and distributes the local follow-up in relation to area and budget responsibility. History and comments from last estimates are provided to the individual budget users. Group finances comment in relation to areas of attention and guidelines. The process is opened by pressing the button and the budget managers are informed that the budget is ready and information on deadlines for feedback.
Group finance has a graphical overview
Group finance has a graphical overview of the budget managers via a status monitor, which tells whether the user is started, is in process, has submitted or is approved.
Budget responsible in the subject
area can see its consumption
The budget responsible in the subject area can see its consumption to date, its budget and with information and guidelines from Group Finance. The budget manager enters his expectations and comments in relation to deviations and attention points. He can comment on several levels, own notes, to the center manager and to the management/ political level. When the work is finished, the button is pressed and budget follow-up is delivered automatically.
Unit manager/ center manager receives a consolidated budget version for his area
Unit manager / center manager receives a consolidated budget version for his area, can assess the individual expectations and comments and can approve a total budget follow-up for the area. Can approve, but can also reject budget proposals if more information or new assessment of the expected economy is desired. Unit manager / center manager sends an approved and overall budget follow-up to Group Finance, possibly. with own comments / explanations for the overall version.
All budget inputs are
automatically consolidated
All budget input is automatically consolidated and Group Finance has a prominent access to a comprehensive version with accompanying comments. Accepted by Group Finance and the budget follow-up forms the basis for reporting to the Executive Board and the case presentation at the political level.
TDC Group
TDC Group driver based budget and forecasting solution. TDC made comprehensive market reaches and test of CPM software tools. Chose Jedox for their future corporate budget, planning and forecast platform.
Tryg Group Forecasting
It is essential for the Executive Board and the Group to have insight into the development of the business in a number of areas. For this, Tryg had over a number of years developed advanced and complex Excel and Access models to support the forecast.
Let's get in touch
Jedox awarded as best in test by BARC 2021:
Europe's largest EPM survey - Jedox leader in:
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FUNCTIONALITY
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DATAINTEGRATION
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PREDICTIVE ANALYTICS
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FORECAST
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SELF-SERVICE
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USER FREINDLY
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.
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