While the manufacturing industry – along with the agriculture industry – is one of the most automated, and ERP systems have become indispensable, those responsible for financial and sales planning often still rely on Excel or isolated solutions. This results in lengthy processes, which often lead to plans that are already outdated by the time they are completed. For reasons of time-consuming planning processes alone, it is just as difficult to think about quickly adjusting to unforeseen circumstances such as rapidly decreasing sales volumes or strong fluctuations in the sales price of the goods produced as it is to create scenario models. With increasing digitalization and globalization of markets, however, it is precisely these capabilities that are needed, particularly when factors must be included such as manufacturing sites all over the world, different currencies, and different accounting standards.
Unified planning for all departments and functions fosters collaboration, increases data quality, and allows a wide range of scenarios to be run and reforecast at lightning speed. Automated planning also provides for automated currency conversions and transfer to different regional accounting standards for financial consolidation. With Jedox and a global network of more than 250 partners, you benefit from comprehensive expertise for industries such as automotive, machine and tool manufacturing, pharmaceuticals and many more.