Jedox Planning, Budgeting and Forecasting software creates a seamless digital foundation for Financial Planning and Analysis (FP&A). Improve efficiency across your organization with process automation and collaboration.
Planning, Budgeting and Forecasting Software
Design your integrated planning, budgeting and forecasting solution with Jedox’s unique interface for Microsoft Excel. Get started quickly with pre-built finance solutions and enjoy unrivaled modeling flexibility for enterprise-wide performance management.
Embrace Excel Spreadsheets
Pre-built Best-Practice Solutions
Flexible Financial Modeling
Real-time Analytics & Reporting
AI & Predictive Forecasting
- Seamless System Integration
“The Jedox planning solution has saved both Corporate Finance and local offices significant manhours of manual number-crunching.”
“Jedox is very versatile and flexible. It has allowed us to make major improvements in our budgeting and reporting processes saving a lot of time and giving us a more accurate view of the Bar’s overall performance.”
“Forecasting with Jedox allows us to perform scenarios and manage our services and products far more efficiently than before“
What is Planning, Budgeting & Forecasting (PB&F)?
Planning, budgeting and forecasting are three key pillars of Enterprise Performance Management (EPM). The purpose of planning, budgeting and forecasting is to translate strategy into execution via long-term or mid-term plans as well as short-term budgets and forecasts.
Controlling uses planning to determine how the company’s goals are to be achieved. In addition, it ensures that the overall planning and the sub-plans of all individual business areas are consistent and free of contradictions. A top-down planning approach defines the strategic goals of the business and high-level activities required to achieve them.
Budgeting is when controlling translates planning into financial values. A budget is a goal-oriented plan formulated in terms of value. Within the plan, a certain time period with a certain degree of commitment is predefined. A budget allocates resources aligned to meet strategic goals and targets.
A forecast tracks the expected performance of the business so that timely decisions can be made to respond to shortfalls against targets or maximize opportunities. Forecasting goes beyond standard forecasts because controlling uses both financial and non-financial information as well as simulation and scenario considerations.
Planning, budgeting and forecasting processes are typically managed by financial controllers or the financial planning & analysis (FP&A) function in the office of the CFO. Orchestrated by finance, PB&F involves multiple operational business functions such as sales, HR and supply chain to ensure that strategic objectives are met and financial targets are reached.