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Digital Budgeting
and Budget proposal

Erstat den tunge manuelle Excel baseret budgetproces og spar årsværk med et integreret digitalt workflow i et online værktøj for central økonomi, områderne og politikere.
Integrated solution and digital workflow:
  • Data load and extract o the municipal ERP system
  • Budget catalog clarifications (P/L, demographics, amendents, technical corrections)
  • The department’s reports budget proposals with numbers and comments/explecations (constructions, savings, etc.)
  • Political case management, simulation and budget catalog approval
  • Reporting is consolidated online in "Budget balance" and "Digital budget book"
  • Group finance monitors work progress through a status monitor.
Gains:
  • Eliminates manual processes (Excel sheets, emails, word, PDF)
  • User-driven process
  • Online consolidation
  • Online Consolidation “Digital Budget Book”
  • Model is 100% integrated with Excel
  • Streamline budgeting process across organization

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.
Contact us
Take a look at the PDF about Integrated Planning with Jedox

What are the customers saying?

"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..."
Kristina Lambrecht
Kristina LambrechtDirector of IT, HR and Finance, Herlev Municipality
"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..."
Brian Johansen
Brian JohansenCFO, Lolland 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..."
Kim Stennicke
Kim StennickeHead of Finance, Faxe Municipality
Read all customer testimonials

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.

Cases

You can’t do Rolling
forecast with Excel
Rikard Olsson, from the Beyond Budgeting Institute, said at the FP&A conference in Copenhagen, "You can't do Rolling forecast with Excel – I am not paid by Qbit but you need a system like Jedox to do this".
Read more
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.
Read more
Let's get in touch

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.
Try our demo

2024

Diamond Partner

Qbit is appointed as Diamond Partner at Jedox

Solutions that make sense
We have some of the most talented consultants in Europe, who have many years of experience in implementing budget and business intelligence solutions at both public and private companies.
Jedox voted best in testing by BARC 2023:
Europe's largest CPM-survey – Jedox leading in:
  • Simulation
  • Self-service
  • User friendly
Read more about BARC 2023

"We want to be the best friend of the CFO"

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Seminar

Seminar med Kerteminde og Slagelse Kommune - Digitalisering af det Kommunale årshjul med Qbit og Jedox

Seminaret afholdes:
Torsdag d. 30. maj i Herlev og
Torsdag d. 6. juni i Kolding
kl. 09.00 - 12.00
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Webinar

Bliv klar til fremtiden med ESG-integration!

Gratis webinar: Fredag den 15. marts kl. 11:00
Tilmeld dig nu og bliv klædt på til fremtidens krav!
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