Continuous Reporting and Forecasting
Leaders are expected to deliver accurate and real time analysis of their organisation’s performance at all times. Yet many still struggle with uncoordinated processes, many excel sheets linked to various systems or not, with the result that they can only provide a view into the past, not where it is now.
In the current economic situation, Organisation need near real time information from across the enterprise, and not only from the financial point of view but also very much from the operational side of things. Whether it is amount of daily sales, states of the inventory, health of the supply chain, Human resources feedback,…
Continuous Reporting and Forecasting is a modern approach that empowers real time analytic intelligence and allows the entire organisation to provide unprecedented value to steer themselves in the most agile way possible.
Jedox, due to its nature, is the perfect solution to connect all departments activities, replacing scattered excel files or else, in a near real time manner. If set with the intention to achieve such a goal, Jedox can be very easily integrated with any legacy or source systems to collect all type of information.
The various departments, can then create, adjust, annotate their data, keeping as many versions (to be able to compare later on) as required and this when they need it. No need to wait until end of the month to collect monthly report. Data can be analysed at any point of time, allowing full transparency of all areas of the business.
This therefore also create the right environment to continuously forecast and reforecast, based on the market evolution, new government decisions influencing potential activities, etc…
In essence, such an organisation would move from being a static integrated planning at predefined points in time to a fully agile company, being capable to understand and react whenever is needed!
#Jedox #EPM #InMemory #OLAP #ContinuousReporting
