Jedox Financial Consolidation
A digital integration of Financial Consolidation also includes budget/forecast and analysis, and has a number of benefits. Integrated Financial Consolidation not only ensures audited accounts that meet international reporting standards such as GAAP and IFRS, but also provides a comprehensive overview of the company's financial results to key stakeholders. Internal governance reports and KPIs give the CFO and other business leaders a crucial financial insight into the company's performance.
Benefits of Integrated Financial Consolidation:
- Opfylder de lovgivningsmæssige rapporteringskrav
- Understøtter både den interne og lovpligtig rapportering
- Øger indsigt i virksomhedens økonomiske resultater
- Reducerer arbejdet for Økonomi gennem fælles datamodeller og processer
- Optimerer brugen i virksomheden gennem integrerede og harmoniserede arbejdsgange
“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.”
Statutory reporting and group consolidation
Financial Consolidation – Driving Process Automation and Financial Reporting Agility
Are you spending countless hours of work every year preparing consolidated financial statements for your organization? Finance professionals typically go through many manual steps and a complex, tedious process
to consolidate separate financial statements from subsidiaries, properly account for mergers and acquisitions, calculate foreign currency translations and eliminate intercompany transactions.
A comprehensive approach to results with Integrated Financial Consolidation.
What is Financial Consolidation?
In financial accounting, consolidated financial statements provide a comprehensive view of an organization’s financial position by combining financial data from all its subsidiaries and business entities and rolling it up to the parent company for reporting purposes. Public companies must follow the generally accepted accounting principles (GAAP) for external disclosure of consolidated financial reports and comply with the International Financial Reporting Standards (IFRS) for international disclosures.
Jedox Financial Consolidation Software
Fast, agile and connected. Meet internal and external reporting requirements with high speed, agility and consistency. With Jedox Financial Consolidation software you can automate complex consolidation measures and accelerate reporting to free-up time and resources. Jedox is an integrated Enterprise Performance Management solution combining financial consolidation and financial reporting with planning, budgeting and forecasting in one digital platform for agile decision-support.
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.
Contact us
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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