#1 most frequent
Germany
32.9%209 installations of 635
What is Jedox?
Jedox is a Business Intelligence and Corporate Performance Management solution. According to the vendor, their solution’s unified planning, analysis and reporting empowers decision makers from finance, sales, purchasing and marketing. Additionally, the vendor says this solution helps business users work smarter, streamline business collaboration, and make insight-based decisions with confidence. The vendor also says 1,900 organizations in 127 countries are using Jedox for real-time planning on the web, the cloud, and on any device.
Categories & Use Cases
Media
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Screenshot of Management Dashboard with Google Maps Widget
Top Performing Features
Management reporting
Budget vs. actual or forecast, P&L’s, performance over time, between products etc.
Category average: 8.5
Financial data consolidation
Consolidating data from several entities into a single statement using US GAAP, IFRS or other standards.
Category average: 8.3
Multi-currency management
Ability to handle foreign currency conversions during consolidation.
Category average: 7.4
Areas for Improvement
Pre-built visualization formats (heatmaps, scatter plots etc.)
Pre-built visualization formats are canned visualization types that can be selected to visualize different kinds of data.
Category average: 8
Predictive Analytics
Predictive Analytics is the ability to build forecasting models based on existing data sets.
Category average: 7.5
Location Analytics / Geographic Visualization
Location analytics is the visualization of geographical or spatial data.
Category average: 8.2
Who Buys & Uses Jedox
#2 most frequent
United States of America
14.0%89 installations of 635
#3 most frequent
France
10.9%69 installations of 635
Great BI tool for a variety of usage beyond FP&A
Pros
- Reporting
- ETL
- Integration with Excel
- FP&A
Cons
- Training
- Direct support from Jedox. Currently, they rely heavily on Partners
- Guided analytics
- Visualisation
Return on Investment
- Financial budgeting and Forecasting are done in a centralized fashion in Jedox now instead of a decentralized excel based approach. A lot of cost savings and improved reliability
- Easy to use self-help Dashboards and detailed reports
- Web-based reporting instead of excel based
Other Software Used
Microsoft SQL Server, Microsoft Dynamics GP, Microsoft 365 (formerly Office 365)
Jedox Review (developer)
Pros
- Integration with Excel (Import from Excel, Export to Excel, Excel Add-in etc.)
- Rapid Time-To-Market because of flexible and effective excel-like development environment (surpassing other vendors by far) -> one can develop a fully functioning application in weeks if a good concept is ready.
- You can install and run Jedox on your server in literally less than 1 hour (hands down, no competition!)
- Powerful ETL (extract, transform, load data) incl. UI for developer
- Auditing out-of-the-box (see who changed what & when)
- Supervision Server (create own custom silent processes behind the scenes)
- Use PHP to develop own custom functions, if required (comparable to VBA in excel)
- Embed any custom HTML & javascript widgets
- Write your own custom ETL routines with groovy or javascript
- Automated routines (e.g. "Backup database daily" or "Send a PDF of this report to a group of persons" etc.)
Cons
- No CCU ratio licencing (anymore)
- No integrated out-of-the-box debugging capabilities when developing applications (especially when developing specific functions with php macros)
- Complex and not straightforward setup when working with two-tier architecture (separate backend and frontend servers) -> as this setup is very common in web development, this should be standardised and made more straightforward in Jedox
- Security is (was) not a strength of Jedox and should be improved to the current standards (XSS, HTML injections etc.) (pentested in 2018!)
- Comparably weak scaling capabilities when an application gets big (>100 CCU) - Jedox is not suitable for big Enterprise applications / BI!
- It's not an actual disadvantage of Jedox, but just something to be aware of - Jedox is not a solution - it's a set of tools which empower you (or a developer) to build a desired CPM solution; so do not compare Jedox with solution providers like unit4 prevero (which is already an actual solution for planning and budgeting!)
- No integrated version control
Return on Investment
- Quicker decision making
- Quick implementation of individual business cases
- Relatively high ROI (when compared to other technologies)
- Empowers Planning and Business Intelligence (Reporting) in one tool
Alternatives Considered
Infor BI, Anaplan, BOARD and IBM Cognos
Other Software Used
Board, IBM Cognos, Microsoft BI
Usability
That was easy! Jedox tranforms our reporting experience.
Pros
- 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.
Cons
- 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.
Alternatives Considered
Microsoft Power BI
Other Software Used
Microsoft Power BI
Jedox Planning BI Suite - a powerful spreadsheet style solution that's as easy as 1-2-3
Pros
- Self Service BI. With its familiar front end - both the Excel add-in and its web based spreadsheet portal - it is easy for new users to be up and running very quickly, writing reports and answering questions of their data.
- Budgeting and Planning. At the core to Jedox is its In-Memory OLAP database that can be written to. The Excel like front end is then able to write back to this central database to take advantage of the ease of use of a spreadsheet system, but combine the power of a central database application.
- Modelling. Jedox has very powerful but easy to use tools to model any business requirement, from simple KPI calculations, through inter- and intra- business unit cost allocations to complex Activity Based Costing and Budgeting.
- Data Integration. Jedox has a a powerful and easy to use ETL for both reading from and writing to databases, ERP's, Salesforce and Qlikview applications, for example.
Cons
- Diversity. Jedox can be applied to many different use cases from small to large deployments and from budgeting to enterprise class BI solutions. But rarely is one tool able to fulfill all of these requirements in one organisation. This value proposition can be complicated for prospective users.
- Awareness. Jedox punches above its weight in capability and scalability, but not enough people have heard about it and therefore procurement processes can be drawn out as a result.
Other Software Used
Tableau Server, Tableau Desktop, Tableau Public, Zoho CRM, Salesforce.com
Be happy, use Jedox for BI & performance management
Pros
- By now everybody has business intelligence, a logical starting point. However, traditional BI tools do not allow for write back functionality. Sharing expectations among each other in terms of budgets, forecasts, planning and associated comments including workflow and audit trail is not facilitated in BI tools. Jedox offers both BI functionality and such performance management functionality in one integrated platform.
- It is easy. For many reasons. At the end of the day the proof of the pudding is in the eating. After an initial implementation and some training many of our Jedox customers have started to build their own BI and EPM applications. Be it reporting, dashboards or more complicated applications like cost allocations. Of course one has to keep in mind that this is all relative. Some solutions require a very high technical and business know-how & experience but compared to other tools Jedox is definitely easy.
- It is fast. To implement but also in terms of (query) performance.
- Quality/ price ratio is excellent.
Cons
- Jedox has made an important step toward corporate disclosure management functionality but this could be improved/ extended.
- In terms of visualization Jedox is up there with most well-known BI vendors. However, Jedox lacks the visualization data discovery features that some of these tools offer. Having said that, an analyst will not regard it as a showstopper.
