Accelerate complex financial consolidation and statutory reporting
Providing a unified view of financial performance across an entire group is a complex, tedious and time-consuming task for finance. Separate financial statements from subsidiaries, mergers and acquisitions, foreign currency translations and intercompany transactions add additional complexity. Finance professionals across group entities often manually adjust data, which can compromise the accuracy of consolidation efforts. Performing financial consolidation using traditional Excel-based methods is not only time-consuming, particularly when dealing with high complexity and extensive datasets, but potentially exposes sensitive financial data to the risk of unauthorized access, theft, or loss. As a result, many organizations spend huge amounts of time and resources producing consolidated financial statements each year.
With the Jedox Financial Consolidation solution you reduce manual work, accelerate statutory reporting and empower internal and external stakeholders with the information they need, when they need it.
Streamline data collection and ensure full traceability
Streamline financial data integration from ERP systems and other sources, validate data and utilize automated workflows. Enable traceability of automated and manual bookings and improve transparency for audit-proof reporting.
Jedox Financial Close and Consolidation Solution achieved PS IDW 880 certification through an audit conducted by KPMG.
Improve data quality and consistency
Bring all relevant data into one format across all groups and entities of the enterprise. Avoid cumbersome and time-consuming manual fixes to make data usable and benefit from elevating the quality and consistency of your data.
Accelerate consolidations
Automate currency conversion, intercompany matching and consolidation processes. Complete your financial planning and performance management platform with the fully integrated Financial Consolidation solution. The solution has built in best-practices to help streamline the consolidation process, ensure full traceability, and accelerate external reporting according to international standards such as GAAP and IFRS.
Configure with ease and meet external and internal reporting needs
Configure consolidation rules, consolidation methods and reporting with the intuitive interface. Finance transformation starts with a unified view of performance. The integrated Jedox platform not only enables finance to provide flexible management reporting, but also empowers other business functions to get the information they need quickly from a single source of truth. Meet various international statutory reporting requirements and internal management needs.
What it’s like to work with Jedox
Organizations of all sizes trust Jedox to accomplish planning, budgeting, forecasting, and financial consolidation in a unified software platform.
Jedox integrated business planning
The world’s most adaptable planning and performance management platform
The exhilarating feeling when your organization plans, budgets, forecasts, and analyzes performance the way you envisioned. When you achieve error free consolidation and reporting. When you plan for the future and achieve your goals.
We call it 
