Freiburg, Germany – November 3rd, 2021: Jedox, a leading global provider of cloud-based enterprise performance management software, has announced that MEYRA Group, one of the world’s leading manufacturers and suppliers of wheelchairs and rehabilitation aids, is to use Jedox to automate its financial consolidation.
MEYRA Group, based in Kalldorf, Germany, has selected the Jedox Financial Consolidation Model to help accelerate its financial reporting process and also provide much better financial insight into group performance. MEYRA previously relied on pre-defined Excel-based templates to support its consolidation, with the process requiring the support of two dedicated Finance team specialists and five days of the Group Chief Accountant’s time each month.
“Jedox Financial Consolidation will provide MEYRA with a single point of truth for financial figures across the group in a secure IT environment, and will also give us much more transparency in terms of reporting,” explained MEYRA Group’s Finance Director for CEE, Mariusz Gierałt. “With Jedox handling consolidation and reporting, we’ll now be able to free critical resources in our Finance team and across our different business operations to focus their attention on deeper analysis and more strategic business activities.”
MEYRA selected Jedox because of its ability to automate complex consolidation while also providing impressive ease-of-use and enabling greater accessibility across the business. The company is working closely with Warsaw-based Jedox partner UHY ECA Advisory on the implementation and ongoing project development.
“MEYRA clearly appreciated Jedox Financial Consolidation’s ability to reduce time-consuming manual consolidation activities, accelerate statutory reporting and also empower stakeholders across the group with the information they need, when they need it,” added Curt Anderson, Director Nordics, UK, Benelux for Jedox. “We look forward to working closely with the MEYRA team and its Jedox partner, UHY ECA Advisory – as they look to expand Jedox into other key areas such as budgeting and sales reporting.”