Financial planning is the backbone of every successful enterprise. Yet many organizations still struggle with fragmented tools, manual processes, and disconnected data. Jedox, a leading Enterprise Performance Management (EPM) platform, is purpose-built to solve these challenges — offering a unified, flexible, and scalable solution that transforms how finance teams plan, report, and analyse.
Why Jedox for Financial Planning?
Jedox stands out for its unique combination of power and accessibility. Built on an in-memory OLAP database, it delivers lightning-fast calculations while providing a familiar Excel-like interface that finance professionals can adopt quickly. Key differentiators include:
- ✓Excel Add-In: Plan directly in Excel while connected to a centralised, governed database — the best of both worlds.
- ✓Web & Mobile Access: Enable stakeholders across the organisation to input data and view reports from any device.
- ✓AI-Powered Forecasting: Jedox AIssisted Planning uses machine learning to generate predictive forecasts, reducing manual effort and improving accuracy.
- ✓Pre-Built Integrations: Connect seamlessly with SAP, Oracle, Salesforce, and other enterprise systems for automated data flows.
Best Use Cases for Jedox Planning
Budgeting & Annual Planning
Replace fragmented spreadsheets with a centralised budgeting process. Jedox enables top-down and bottom-up budgeting with automated workflows, ensuring all departments submit on time with consistent assumptions.
Rolling Forecasts
Move beyond static annual budgets with continuous rolling forecasts. Jedox allows finance teams to update forecasts monthly or quarterly with actuals flowing in automatically, providing an always-current view of where the business is heading.
Financial Consolidation
Automate group consolidation across multiple entities, currencies, and accounting standards. Jedox handles intercompany eliminations, currency translation, and ownership adjustments — reducing close cycles from weeks to days.
Workforce Planning
Model headcount, compensation, and benefits across departments. Jedox enables HR and finance to collaborate on workforce budgets with driver-based models that automatically calculate total cost of employment including taxes, benefits, and bonuses.
Scenario & What-If Analysis
Create multiple planning scenarios — best case, worst case, and everything in between. Jedox's in-memory engine processes complex models instantly, enabling the CFO to answer "what if" questions in real time during board meetings and strategy sessions.
Sales & Revenue Planning
Align commercial and finance teams with integrated revenue planning. Jedox connects CRM data with financial plans, enabling accurate revenue forecasting by product, region, customer segment, and sales channel.
The Bottom Line
Jedox is not just a planning tool — it's a platform that connects people, data, and plans across the entire organisation. By centralising financial planning in Jedox, organisations can reduce planning cycles by up to 70%, improve forecast accuracy, and free up finance teams to focus on strategic analysis rather than data wrangling.
Whether you're starting with budgeting or looking to build a comprehensive xP&A (extended planning and analysis) platform, Jedox provides the flexibility and power to grow with your needs.
About the Author
Director EPM, Finaran Consulting