Cost Allocation
We are in the middle of an unknown market situation and it difficult to predict the revenue stream and what will happen half a year from now. But one thing we can is to be in control of the company cost. We need to be more digital ready, get access and have a detailed cost transparency. The management team needs to have online access and insight in all our costs as an important KPI and a turning point to be ahead. There is a demand for realtime update and detail insight in company costs automated split to profit centers.
“In 2011, we were hitting the limit with our Excel model, which had become very complex. We entered into a “Master of Science” collaboration with the purpose of converting our Excel to Jedox within 3 months. Today we use Jedox in the 5th year as our group budget and reporting platform”
“Rambøll chose Jedox as a group budget and forecast solution for all 500 budget users worldwide – due to self-service, flexibility, user-friendliness and price – and for the first time ever, Rambøll has submitted its consolidated group budget on time”
”We chose a partnership with Qbit in August 2016 based on using Jedox to upgrade our Group forecasts to more automatic and modern management. We see great opportunities. We see great opportunities in the collaboration in terms of eliminating / upgrading the group’s many complex and manual spreadsheets, with the more flexible and user-friendly Jedox.”
Allocation methods supported
During many years we have delivered different kinds of Cost allocation solutions to our customers.
We have now collected all the knowledge into a standard product - Qbit Cost allocation (Qbit CA). It is based on the standard Jedox technology and can be integrated into the existing or a new implementation.
Qbit CA supports different standard allocation methods. It supports a flexible configuration where you can utilize the different methods in the same consolidation process.
Qbit CA supports different standard allocation methods. It supports a flexible configuration where you can utilize the different methods in the same consolidation process.
- Direct method
- Step down (Waterfall)
- Reciprocal
- Download Product Sheet
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.
You can’t do Rolling forecast with Excel
Rikard Olsson, from Beyond Budgeting Institute, said at the FP&A conference i København, “You can’t do Rolling forecast with Excel – I am not paid by Qbit but you need a system like Jedox to do this”.
Tryg Group Forecasting
Med Jedox, er alle data og forretningsprocesser digitaliseret, så løsningen styrer kommunikationen til brugerne i forretningen, og sørger for at alt input i form af ændringer til forecast mm.
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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.
