Overview

Jedox Financial Consolidation empowers finance teams to efficiently manage complex group close processes through automation and intelligent workflows. The solution handles currency translation, intercompany eliminations, data integration, and journal entries, significantly reducing manual effort and cycle times. Delivered as a pre-configured model on the unified Jedox Enterprise Performance Management (EPM) platform, it provides full traceability, audit readiness, and compliance with IFRS and GAAP standards. Finance professionals gain a robust, transparent consolidation process that supports statutory and management reporting requirements. Seamless integration with planning, budgeting, and forecasting functionalities enhances collaboration between finance and business units, enabling real-time insights and faster decision-making.

Features and Capabilities

• Pre-configured consolidation model: OLAP database, reporting templates, ETL processes, and consolidation workflows
• Automated data integration: From ERP systems and external sources with built-in workflow transparency and comprehensive audit trails
• Multi-currency support: Automated import of exchange rates and year-to-date (YTD) views
• Automated intercompany matching, eliminations, and currency conversion: Across multiple entities and reporting structures
• Configurable consolidation rules: Ownership percentages, consolidation scope, profit eliminations, and equity accounting
• Integrated posting journal: Supports both manual entries and automated batch processing
• Pre-delivered financial reports: Profit & Loss, Balance Sheet, and Cash Flow statements, plus segment-based reporting
• End-to-end traceability: From original source data to consolidated financial outputs, ensuring transparency and auditability
• Excel and web-based interfaces: OLAP-powered, Excel-like reporting and data writeback functionality
• Unified FP&A platform integration: Seamless workflows across planning, budgeting, forecasting, and consolidation
• Low-code configurability: Allows finance teams to define business rules, generate reports, and manage workflows with minimal IT dependency
• Regulatory compliance: Adheres to IFRS and GAAP requirements, with full documentation and traceable postings