Nova is a Jedox Partner

Nova is a Jedox implementation partner

Nova, a company that has stood out in the implementation of EPM solutions, is a Jedox Gold Partner in Spain, which demonstrates its experience and commitment to offering high-quality solutions in the field of corporate performance management. Nova trusts Jedox to provide its clients with a powerful and flexible tool that complements its portfolio of solutions, especially in the mid-market segment and in departments seeking to improve their financial performance without the need for large investments.

As a Gold Partner, Nova has a team of professionals trained to implement and customize Jedox according to the needs of each client. This collaboration allows Nova to help its clients migrate, in a context of digital transformation of the company, their financial and operational processes to a more advanced and optimized platform, thus improving their performance and competitiveness.

Access the following Success Story and discover how MACC Residencial optimized its Planning and Budgeting processes with the Jedox EPM platform.

What is the cube in Jedox?

The concept of a “cube” in Jedox refers to its multidimensional database model, a structure that allows data to be organized and accessed efficiently. Cubes in Jedox represent a combination of data from different analysis axes or dimensions, such as time, products, or regions, and allow users to analyze information from different perspectives. This is especially useful for processes such as cost analysis or sales performance, where multiple layers of data are required to obtain a clear and detailed view.

Each cube in Jedox can be customized to reflect the company’s specific organizational structure and goals, allowing for fast and flexible access to data. Additionally, the cube model enables faster data analysis than with traditional relational databases, facilitating real-time decision making.

What is Jedox and what is it for?

Jedox is an EPM platform designed to manage and optimize financial and operational processes such as planning, budgeting, financial consolidation, and cost analysis, among others. Companies can use Jedox to improve the accuracy and speed of their financial processes by providing a global and consistent view of their data in real time. Jedox’s ease of use is due to its Excel-like interface, which allows users to migrate and improve pre-existing spreadsheet processes without a steep learning curve.

Founded in Germany, Jedox has positioned itself as a global leader in planning, budgeting, financial consolidation, and advanced analytics, providing an efficient and flexible alternative for companies seeking to improve their analytical and decision-making capabilities. With more than 2,800 customers in 140 countries, Jedox is a versatile tool that integrates multiple processes into an intuitive and accessible platform.

According to Javier Martínez, EPM Manager at Nova, “Jedox has extensive functionalities that allow the implementation of all the cases that typically appear in Financial Performance Management environments.” This makes Jedox a very attractive tool for companies seeking to transform their financial processes without losing the familiarity of tools such as Excel.

Furthermore, according to César Vigo, Commercial Director of Nova, “The Jedox solution is the perfect compromise to offer a wide range of functionalities at a competitive price, serving as an excellent complement to our portfolio for Mid to enterprise markets or departmental solutions.” This combination of advanced functionalities and affordable price makes Jedox an ideal option for medium-sized companies and specific departments within large organizations looking to improve their financial performance.

Over 2,800 organizations worldwide of all sizes plan, budget, forecast, and measure performance with Jedox, integrating data from multiple sources and simplifying cross-organizational planning.

Jedox’s recognition as a Leader in both BARC and Gartner surveys reflects its strong reputation for delivering high-quality planning and analysis capabilities, with particular recognition given to its user interface, customization options, and integration capabilities.

Optimize your financial management with Jedox. Get to know the solution!

Discover how Jedox can help you streamline processes, improve planning, and make more strategic decisions in your organization.

Jedox: The Flexible Solution for Strategic Business Management

Jedox’s flexibility and adaptability allow it to be applied to a wide variety of use cases, providing companies with a versatile solution to address their specific challenges. By integrating Jedox into your financial and operational strategy, you will be able to efficiently align corporate objectives with the most critical business issues, optimizing decision-making, improving planning, and ensuring more agile and accurate management across the organization – all in a cloud environment.

Success Case: MACC Residential with Jedox

Implementation of Budgeting Model with Jedox.

MACC Residencial decided to implement Jedox to optimize its budgeting process with the aim of, among other things, improving the automation of its processes and the integration of financial reports with planning data.

Why is Jedox used?

Jedox is used in a variety of key areas of finance and business management, with applications ranging from planning and budgeting to real-time data consolidation and analysis. Below are some of the main uses of Jedox:

Jedox makes it easy to create and manage customized budgets and financial plans. This allows companies to make forecasts and simulations quickly and accurately, adjusting resources and objectives according to changes in the market.

Obtain aggregated financial statements, both to comply with the regulatory reporting required by business groups, as well as communication with investors and other stakeholders, and to facilitate data analysis at the holding level.

With Jedox, companies can analyze and visualize the costs associated with their operations, products and services, helping to identify areas for improvement and efficiency.

Jedox is also applied in sales and HR performance management, allowing organizations to optimize the monitoring and analysis of their sales teams and staff, adapting to the growth and performance needs of each department.

Comply with ESG regulations, automate data integration, and protect your company’s reputation. Ensure compliance and quickly start generating ESG reports. Leverage automated data integration for greater simplicity and speed.

Contact us for your project with Jedox!

What database is Jedox using?

Jedox uses a multidimensional database that enables the storage and analysis of large volumes of data in real time. This multidimensional data structure is fundamental to Jedox data cubes, as it facilitates fast and efficient access to information, regardless of the number of dimensions or level of detail required. The platform also enables integration with external databases and ERP systems, facilitating the consolidation of data into a single source of truth.

The Jedox database is designed to be scalable and adapt to the needs of each organization, allowing companies to store and analyze their data without performance or speed issues. This database architecture is one of the reasons why Jedox is so popular among companies of different sizes, as it can handle moderate data volumes to large amounts of information without affecting performance.

Jedox: Increase value at every stage of transformation.

Simplify, manage, collaborate, gain trust and transform the organization.

Simplify planning, budgeting, forecasting and reporting

Leverage embedded Excel add-in, artificial intelligence, and workflows to streamline repetitive tasks and eliminate operational friction and spreadsheet chaos.

Empower knowledge through business collaboration

Drive collaborative best practices with an adaptable platform and integration with any source system. Develop a common language and align plans to gain key insights and make strategic decisions.

Drive the digital transformation of finance

Incorporate AI and other modern technologies to continuously improve financial optimization. Adapt to changing market forces, future-proof your organization, and optimize performance.

Is Jedox Open Source?

Jedox is not open source. However, its business model offers different licensing options that allow companies to access the platform’s advanced functionalities at an affordable cost. Not being open source, Jedox has a development team that ensures constant updates and specialized support for its users. This means that organizations can count on a robust and reliable platform, with a level of customization and professional support that facilitates implementation and long-term maintenance.

In conclusion, Jedox is a comprehensive business performance management tool that offers companies the ability to plan, analyze and optimize their financial and operational processes in a centralized and efficient manner. The alliance between Nova and Jedox represents an opportunity for organizations in Spain to access a cutting-edge EPM solution that improves their analysis and decision-making capabilities, adapting to their specific needs.

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