Simplifying digital business partnering with JedoxAI in the 2024.2 platform update

In today’s fast-paced business world, gaining real-time insights into financial and operational data is essential for driving and sustaining success. With the Jedox 2024 Autumn Major Upgrade, digital business partnering takes a leap forward with the power of JedoxAI, making it easier than ever before to access, analyze, and act on key performance indicators (KPIs) across your organization. This release simplifies the process of financial planning and performance management, empowering teams to make data-driven decisions swiftly and securely.

With JedoxAI, users can ask questions about their business performance and instantly receive tailored reports based on data stored in the Jedox platform. This advanced AI leverages Generative AI (GenAI) technology, enabling users to formulate questions in natural language, refine results, and explore deeper insights. Whether you’re a seasoned analyst or a non-technical business user, JedoxAI acts as a digital business partner, simplifying analysis for all.

The 2024.2 upgrade focuses on making digital business partnering more accessible and effective for all users. By simplifying the process of accessing, analyzing, and reporting on financial and operational data, more people across the organization can contribute to data-driven decision-making, reducing the burden on FP&A teams and speeding up business processes.

Key Features of the 2024 Autumn Major Upgrade

1. New Dynatables: dynamic tabular reporting for multi-dimensional analysis

The heart of the upgrade lies in Dynatables, which are dynamic, interactive tabular reports that can be embedded into Jedox Canvas dashboards. These reports offer a multi-dimensional view of business data and are generated easily with intuitive drag and drop capabilities or automatically through GenAI’s natural language queries. Users can explore data, drill through reports, and adjust dimensions to suit their specific questions – without needing complex configurations. Dynatables are now available as a Canvas native component, providing users a more intuitive experience when adding tabular data to Canvas dashboards which elevates their data visualization experience. It also allows for finer control of the data with the ability to create and edit ad hoc Dynatables from within Canvas.

The new features further include: 

Pivoting: Users can easily pivot dimensions, dragging and dropping different dimensions into rows or columns to change the data perspective for Canvas display.​​

Filtering via Combobox: Dynatables on Canvas support on-the-fly filtering, enabling users to focus on specific data subsets without needing to create new reports or views.

Freeze frames: Enhanced table readability with Dynatables’ built-in Freeze-panes, includes frozen headers for rows and columns.

Zero suppression: Users can now suppress zeros in Dynatables. When this option is enabled, cells with a null value are not displayed.

2. Enhanced collaboration with Excel integration

The Jedox Add-in for Excel 365 has been upgraded to support better collaboration across your organization. Users can now access Jedox reports and data directly from Excel, whether they are working on Windows, Mac, or in a web environment. This means teams can work in their familiar work environment while benefiting from the powerful reporting and analysis capabilities of Jedox.

• Drill-through and subset access: With improved drill-through features, users can explore data in greater detail directly from Excel and trace aggregated data back to its source, making analysis faster and more intuitive.
• Role-based permissions: Ensure that data access remains secure and consistent through role-based permissions, giving different users tailored access to the information they need.
• Excel snapshot: Create and share static, accurate reports with stakeholders who don’t have access to Jedox.

3. Simplified data storytelling with GenAI

JedoxAI helps you communicate insights effectively. By summarizing Dynatables with GenAI, you can turn complex data into straightforward narratives that resonate with stakeholders. Whether you need a high-level overview or a deep dive into specific metrics, JedoxAI offers a starting point for building compelling stories around your business performance.

4. Data security and governance with Microsoft Azure

Jedox ensures that sensitive business data remains secure, especially when analyzed by OpenAI GenAI. All machine learning and AI processes occur within a dedicated Microsoft Azure environment, guaranteeing the highest level of security and compliance.

• End-to-End Encryption: The Jedox Integrator ETL process maintains full data lineage and security through end-to-end encryption, ensuring that data remains secure throughout its journey from source systems to the final reports.
• Integration with Microsoft Graph: This release also enhances security and ease of use by integrating with popular authentication systems like Microsoft Graph, ensuring secure workflow emails from Jedox. SMTP settings are now managed in the Cloud Console, and app passwords are no longer required.

5. Expanded data integration and automation

The upgrade includes powerful new features to streamline data integration and automation. For instance, users can now import parquet files directly into Jedox via the Jedox Integrator, providing faster access to complex data sets while maintaining high performance.

• Automated data management: The enhanced ETL process ensures seamless integration of data from multiple sources, now also including parquet files, enabling real-time reporting and analysis without manual intervention.
• Secure automation: With support for PGP-encrypted files, Jedox ensures that sensitive data is handled securely throughout the entire automation process and that there is no reliance on external tools.

6. Other Enhancements

• Smart default selections: Enhanced default settings for databases, cubes, and dimensions speed up setup and reduce time to insight.
• Optimized efficiency: Faster loading times for databases, cubes, and dimensions enable quicker data access and manipulation.

Practical examples of Jedox in action

Curious about how Jedox can transform your business processes? Explore some of our best-practice resources, such as the Ultimate Guide to Strategic Sales Planning or insights from the BARC Planning Survey, to see how leading companies are using Jedox to streamline their FP&A operations and drive performance.

Conclusion

The Jedox 2024 Autumn Major Upgrade delivers powerful enhancements that make financial planning, reporting, and analysis easier and more accessible than ever. By integrating JedoxAI, businesses can now harness the power of Generative AI to ask questions, get instant insights, and collaborate across teams. From simplified data storytelling to enhanced security features, this upgrade ensures that your business has the tools it needs to stay agile and data-driven in today’s competitive landscape.

Whether you’re an existing Jedox user or considering an upgrade to your FP&A capabilities, this release offers new opportunities to transform how you approach digital business partnering.

The 2024.2 platform update further underscores Jedox’s commitment to continually evolve and provide finance teams with best-in-class tools that create better business outcomes.

You can find out more about the platform release in the 2024.2 release notes on Jedox Knowledge Base.

Make decisions more confidently with Jedox. Request a demo today.