Financial Consolidation Software

Get a unified view of financial performance

  • Standardize and share consolidated financial information faster for external reporting and internal performance analytics
  • Jedox has been named in the Gartner® 2023 Magic Quadrant™ for Financial Close and Consolidation
  • Integrates with your planning and performance management (EPM) platform
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Join 2900+ companies using Jedox, a Leader in the 2024 Gartner® Magic Quadrant for Financial Planning Software
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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.

kpmg logo 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.

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Mantrac reduces time spent on repetitive data integration tasks by 75%

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Consolidation process accelerated 4x

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Digita delivers transparent P&L reporting 95% faster

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Accent Group accelerates budgeting process by 98%

Financial Consolidation

Link financial consolidation with planning and performance management

A unified software solution for Financial Planning and Analysis with a uniform data foundation gives finance more time for analysis and supports a data-driven look ahead.

Provide the complete picture, quickly.

Jedox is included in the Gartner® Magic Quadrant for Financial Close and Consolidation solutions . The software shines at intercompany transactions and integrates seamlessly with Microsoft Excel. The solution is a pre-configured model which is configured within the Jedox platform that tackles financial consolidation issues companies face – from unreliable data, manual processes, compliance hurdles to spreadsheet security gaps and differing accounting norms. It seamlessly integrates with multiple ERPs and enables configurable automation of complex consolidation tasks. This reduces consolidation time and mitigates the risk of human errors inherent in manual methods.

The solution received the highest Critical Capabilities score “excellent” for its user experience by several vendors for its low-code functionality, pre-built templates, and Generative AI (GenAI) features that use natural language processing (NLP) to understands questions asked by finance leaders and provides task guidance, such as creating dashboards.

Financial Consolidation

Create a powerful financial consolidation process where you can trust in the accuracy of your financial statements. Our software simplifies complex tasks so you can concentrate on consolidating data efficiently and with precision.

Cost Allocation

Streamline and automate cost allocations and inter-company eliminations with precision, making sure your financial accuracy generates trust with colleagues and shareholders.

FAQ

Frequently
asked
questions

Jedox FP&A software stands out due to its seamless integration with existing systems, flexible customization, and its ability to unify budgeting, analysis, forecasting, and reporting into a single source of truth (SSOT). It also creates a digital business twin, a dynamic replica of your business model that enables scenario modeling and key driver analysis for more accurate, data-driven decision-making. With AI-powered tools and real-time collaboration, Jedox helps Finance teams plan smarter and adapt faster.

Jedox offers flexible pricing based on user roles, modules, and deployment needs. Pricing is tailored to your organization’s size and complexity. Contact us for a personalized quote that aligns with your business requirements.

Yes, Jedox is designed to support businesses of all sizes, from mid-sized organizations to large enterprises, and serves a wide range of industries. We currently have 2900+ customers in over 30 industries. Its scalable and customizable platform meets the unique needs of various sectors and financial and operational complexities.

Yes, Jedox offers free personalized demos which allow you to explore the platform’s features, see your use cases in action, and ensure it’s the right fit for your organization.

No, Jedox is built for Finance professionals with an intuitive, Excel-like interface that ensures a familiar experience. AI-supported forecasting, drag-and-drop reporting, and interactive dashboards make budgeting and planning more efficient. With minimal training, your team can automate tasks, gain deeper insights, and focus on strategic decision-making—without relying on technical support. Plus, our comprehensive training and support resources ensure a smooth onboarding process.

Jedox enables seamless collaboration with its centralized platform and Jedox Workflow, which streamlines budgeting, forecasting, and reporting. Teams can assign tasks, set due dates, and track progress with color-coded stages. Automated notifications keep users informed of task updates, reviews, and approvals, while the “My Workflow Activities” report provides a clear view of assignments. Customizable review processes and role-based access controls ensure secure, efficient, and transparent teamwork across departments.

Jedox leverages AI-powered predictive forecasting to analyze historical data, identify trends, and generate accurate projections. Scenario modeling enables teams to simulate unlimited driver-based situations, making informed decisions even in dynamic conditions.

Jedox is built with enterprise-grade security and adheres to global compliance standards, including ISO 9001, ISO 27001, ISO 27017, SOC 2 Type 2, CSA Star Level 1, and CSA Star Level 2—with annual audits conducted by independent third-party organizations. Robust encryption, role-based access controls, and GDPR compliance safeguard data, ensuring that only authorized personnel can access critical information.

Implementation are generally measured in weeks, depending on your organization’s size and complexity. Jedox offers comprehensive educational resources, including training videos, Jedox Academy, and an extensive knowledge base. Our customer success team is always available to provide support during and after implementation.

Organizations that implement Jedox often see measurable ROI through reduced manual effort, improved forecast accuracy, faster decision-making processes, and overall effectiveness of the organization. Feel free to explore our customer success stories to demonstrate the potential benefits.

Yes, Jedox seamlessly integrates with a wide range of ERP, CRM, BI, HCM, and supply chain systems, ensuring smooth data flow across your existing infrastructure. The Jedox Integrator, a powerful ETL tool, allows both technical and non-technical users to connect cloud and on-premises data sources, automate data workflows, and eliminate manual data migration. With pre-built API connectors for SAP ERP, SAP S/4HANA, Oracle NetSuite, Microsoft Dynamics 365, Salesforce, Tableau, Power BI, and more, Jedox ensures a streamlined integration process that enhances efficiency and data accuracy.

Schedule a customized demo today