Freiburg, November 7th, 2019: Jedox, one of the leading international software providers for planning and enterprise performance management (EPM), has released a new software solution for legal consolidation and management reporting. The Jedox Financial Consolidation Model supports the finance department in meeting external and internal reporting requirements efficiently and reliably. With best practice features, the flexible, configurable consolidation solution is designed for rapid implementation.
The Jedox financial consolidation model automates complex consolidation processes and accelerates audit-proof financial reporting according to international standards such as IFRS, US-GAAP or “Country” GAAP. Flexible management and KPI reports also provide CFO financial information and other business functions with validated financial data for self-service analysis. The new consolidation solution complements the comprehensive suite of Jedox models, which areeasily combined as pre-built applications on the Jedox EPM platform. Jedox thus enables the integration of consolidation and financial reporting with planning, budgeting and forecasting in a modern system environment for group-wide digital finance and performance management. As with all Jedox models, the consolidation solution is implemented quickly and securely through pre-built best practice content and functionality, and easily adapted to company-specific requirements.
Efficient reporting based on proven standards
Feedback from numerous finance professionals was incorporated into the development of this consolidation model. According to the BARC Planning Survey 2019, more than one-third of companies using Jedox already use the platform to support their financial consolidation and their insight supported creation of a faster and more efficient consolidation model tapered to the needs of modern business. With proven technical and business standards as well as extensive practice experience in corporate finance
guiding development, measurable value and support for ongoing finance tasks is ensured.