Nova is a Jedox Partner

Nova is a Jedox partner for the implementation

Nova, a company that has distinguished itself in the implementation of EPM solutions, is a Jedox Gold Partner in Spain, demonstrating its expertise and commitment to delivering high-quality solutions in the field of corporate performance management. Nova relies on Jedox to provide its clients with a powerful and flexible tool that complements its portfolio of solutions, particularly 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 each client’s needs. This partnership enables Nova to help its clients migrate their financial and operational processes to a more advanced and optimized platform as part of the company’s digital transformation, thereby improving their performance and competitiveness.

Read the following success story and find out how MACC Residencial optimized its planning and budgeting processes using the Jedox EPM platform.

What is a 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 particularly useful for processes such as cost analysis or sales performance analysis, 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 organizational structure and specific objectives, enabling fast and flexible access to data. In addition, the cube model allows for faster data analysis than traditional relational databases, which facilitates real-time decision-making.

What is Jedox, and what is it used for?

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

Founded in Germany, Jedox has established itself as a leader in the fields of planning, budgeting, financial consolidation, and advanced analytics, offering an efficient and flexible solution 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.

In the words of Javier Martínez, EPM Manager at Nova, “Jedox offers a wide range of features that make it possible to address all the scenarios that typically arise 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 like Excel.

Furthermore, according to César Vigo, Nova’s Sales Director, Jedox represents “the perfect solution for offering a wide range of high-performance features at a competitive price, serving as an excellent complement to our portfolio for mid-market and departmental solutions.” This combination of advanced features and an affordable price makes Jedox an ideal choice for midsize companies and specific departments within large organizations seeking to improve their financial performance.

More than 2,800 organizations of all sizes around the world use Jedox to plan, budget, forecast, and measure performance, integrate data from multiple sources, and streamline cross-organizational planning.

Jedox’s recognition as a leader in the BARC and Gartner surveys reflects its strong reputation for delivering high-quality planning and analytics capabilities, with special recognition for its user interface, customization options, and integration capabilities.

Optimize your financial management with Jedox. Learn more about 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 can efficiently align corporate objectives with the most critical business issues, optimizing decision-making, improving planning, and ensuring more agile and accurate management across the entire organization—all within a cloud-based environment.

Success Story: MACC Residencial with Jedox

Implementation of a Budgeting Model Using Jedox.

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

What is Jedox used for?

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

Planning and Budgeting

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

Financial Consolidation

Obtain aggregated financial statements to comply with regulatory reporting requirements for corporate groups, communicate with investors and other stakeholders, and facilitate data analysis at the holding company level.

Cost Analysis

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

Sales and Human Resources Performance Management

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

ESG Reporting

Comply with ESG regulations, automate data integration, and protect your company’s reputation. Ensure compliance and start generating ESG reports quickly. Take advantage of automated data integration to achieve greater simplicity and speed.

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What database does Jedox use?

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

The Jedox database is designed to be scalable and adaptable 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 all sizes, as it can handle everything from moderate data volumes to large amounts of information without affecting its performance.

Jedox: Drive value at every stage of the transformation.

Simplify, manage, collaborate, build trust, and transform your organization.

Is Jedox open source?

Jedox is not open source. However, its business model offers various licensing options that allow companies to access the platform’s advanced features at an affordable cost. Since it is not open source, Jedox has a development team that ensures constant updates and specialized support for its users. This means that organizations can rely 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 enterprise performance management tool that enables companies to plan, analyze, and optimize their financial and operational processes in a centralized and efficient manner. The partnership between Nova and Jedox provides organizations in Spain with the opportunity to access a cutting-edge EPM solution that enhances their analytical and decision-making capabilities while adapting to their specific needs.

Nova is a Jedox Partner