That was easy! Jedox tranforms our reporting experience.
Tobias Crush | TrustRadius Reviewer
November 12, 2018

That was easy! Jedox tranforms our reporting experience.

Score 10 out of 10
Vetted Review
Verified User
Review Source

Overall Satisfaction with Jedox

Currenty we use Jedox within our finance team to simplify the effort of monthly management reporting and our budgeting cycle. Jedox as a tool has given us the flexibility to update and quickly analyse at a high level our general ledger data on an ad-hoc basis as well as in more structured ways. Jedox was selected when our previous GL reporting tool went end of life. We haven't looked back since.
  • Using the Excel add-in means that our team was almost instantly productive, being able to use a familiar interface to present and manipulate data.
  • Allows us to quickly do analysis and comparison of current and historic data.
  • Really good to produce meaningful management reporting that can be adapted responsively to business requirements.
  • Implementing Jedox in our budget cycle dramatically reduced the time and complexity of the process, while making it more transparent.
  • As a business user, it's hard to "discover" functionality so a bit like Excel we probably miss out on maximising capability.
  • The online knowledge base is not as informative as it could be to help explorers learn about functionality/use cases.
  • Marketplace is still maturing and it's not quite plug and play for some of the models available. This would be a huge gain.
Power BI in some respects is easier to set up using tabular analysis, which makes creating new models relatively easy in comparison to Jedox, however, the DAX language is more complex to learn than the Groovy script used by Jedox. Jedox's power comes in its ability to write back to models and flexibility in setting up reports. We use both for different applications, but if I was wanting to create a model that needed user input I would pick Jedox.
Our environment is pretty simple when it comes to diversity of databases, however we have never had a problem with connectivity and being able to load data in directly from flat files has been a significant advantage at times. We will be expanding our integrations over the next few months and don't anticipate any issues!
One of the significant benefits of Jedox for us in shortening our budget cycle is the ability for multiple people to be updating the model at the same time. Leveraging input templates means that we have real time updates of the data as it is entered without worrying about who is doing the work. We are just starting to leverage the batch reporting capabilities which will further reduce the time and effort to complete our monthly close. Integration with Active Directory has made life even easier.
We've found Jedox's strength for us has been in our general ledger reporting and budgeting. We are starting to explore more areas where we can leverage the power of Jedox. Without a dedicated development team inhouse we have struggled to set up new reporting cubes, where some competing products are easier to do this with. Jedox is great for data that isn't needing to be "real time" in our experience. We haven't yet leveraged the prospective capabilities of Jedox. Most importantly maximising the use of the models that we have has been the standout as we haven't had to materially upskill the team to leverage the reporting capabilities of Jedox given the familiar spreadsheet interface.

Jedox Feature Ratings

Long-term financial planning
10
Financial budgeting
10
Forecasting
9
Scenario modeling
9
Management reporting
10
Financial data consolidation
10
Journal entries and reports
Not Rated
Multi-currency management
Not Rated
Intercompany Eliminations
9
Local and consolidated reporting
Not Rated
Detailed Audit Trails
Not Rated
Financial Statement Reporting
10
Management Reporting
10
Excel-based Reporting
10
Automated board and financial reporting
9
Personalized dashboards
8
Color-coded scorecards
8
KPIs
8
Cost and profitability analysis
8
Key Performance Indicator setting
8
Benchmarking with external data
Not Rated
Flat file integration
9
Excel data integration
9
Direct links to 3rd-party data sources
10