Too much data, too little time?
Forget about time-consuming manual calculations and formulas. Use ready-made financial logic for the automatic calculation of costs, and benefit from predefined financial models that automatically analyze costs and yield.
Break down of your costs by products, product groups, and regions. All data you need is automatically provided by one unified database that supplies you with financial and non-financial information for all your cost allocation, reporting, and analysis purposes.
Get started instantly with Jedox’s pre-built models, unlocking valuable insights from day one. As your needs evolve, Jedox adapts effortlessly. Create reports in different currencies or build completely new reports with only a few clicks – simplify your tasks, speed up all related processes, and streamline your overall reporting.
Use Jedox for cost allocations to gain valuable knowledge about current vulnerabilities as well as deeper insights into future potentials. Jedox supports you, from your daily routine all the way to integrated financial planning for the future of your organization.
Get meaningful results quickly with automation
Hit the ground running from day one with Jedox’s comprehensive suite of predefined allocation and conversion logics. Easily adapt the built-in models to meet individual requirements, and break down different items accurately to bring more transparency to your P&L figures. Use the activity-based costing (ABC) that Jedox offers to determine the total costs associated with your business processes. Allocate costs by profit center to create profit center accounts, and communicate the results via standardized reporting quickly and easily.
Compare costs across countries
Unify data in one place that brings all information together. All data are automatically processed, compiled, cleaned and prepared for you. This allows you to quickly get started with calculations. Cost allocation with Jedox includes allocation methods for costs to profit centers and cost objects, e.g., allocation by key, internal activity allocation and reciprocal methods with iterations. And it delivers even more: Jedox stores amounts in a source currency and automatically converts them into one or more reporting currencies – your easy way to making costs across countries directly comparable.
Supported by pre-built logic
Get started immediately, and quickly determine costs and returns with the pre-built financial logic models that automatically analyze costs and yield. Jedox covers it all, according to your key metrics, across all kinds of costs, and with detailed granularity. Also foster teamwork and cross-functional collaboration: use the predefined workflows to assign tasks and deadlines, and improve the transparency for all stakeholders.
Cost allocations down to the very last detail
Obtain a granular view of the profit and loss performance of your profit centers: use the integrated Profit Center Model that comes with a customizable chart of accounts as well as profit center and cost object hierarchy. It allows you to allocate costs to profit centers and cost objects by a variety of allocation methods, inlcuding allocation by key, internal activitiy allocation and reciprocal methods using iterations.
Take the next step towards autonomous finance
When all data comes together, your opportunities go way beyond cost allocation. Create a digital twin of your business, that allows you to execute analyses across the whole spectrum of your organization, establish integrated financial planning, and start your journey to autonomous finance.