Accelerate Your
Planning, Budgeting
and Forecasting
Is your planning, budgeting and forecasting slow, inefficient, and disconnected from the rest of the business?
You are not alone. Businesses across numerous industries typically need 30 days or longer and at least three cycles to approve annual budgets*. This creates a lot of overhead for finance and other business functions. Additionally, monthly or quarterly forecasting is done manually and results are often unreliable and quickly outdated due to fast-changing markets and complexity.
Speed and agility, however, are essential for business success in the age of digital transformation. Organizations need to be able to make fast, data-driven decisions. Inflexible planning, budgeting and forecasting processes negatively impact the ability to grow and respond to market changes.
How to Transform Your Budgeting and Forecasting
Business of all sizes and industries cite three key reasons that contribute to unsatisfactory planning, budgeting and forecasting results:
Cumbersome spreadsheet-based processes and workflows
Limited data quality and integration of ERP, CRM and other systems
Lack of flexibility and ease-of-use for finance and business users
Of organizations are still reliant on Excel for budgeting, planning & forecasting*
Reported that non-integrated systems present a challenge*
Are not getting forecasts right the first time*
*2018 Jedox & ACCA Survey of Financial Professionals
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.
Planning
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
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.
Forecasting
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.