Solving the most common FP&A pain point
“We frequently encounter several common customer issues, and one of the most prevalent is being overwhelmed by Excel with many people managing over 100 spreadsheets, making monthly reporting and forecasting a time-consuming task. But there is a solution…”. Stephen Hambling Kybos CFO.
Too many spreadsheets
But how exactly does Jedox address this issue? I compare it to the transition from manually writing invoices and storing them in filing cabinets to using an accounting system that organises and manages information. Today, we effortlessly input data into an accounting system and generate reports through a streamlined process. Jedox operates similarly by taking your Excel data and organising it into a structured environment, known as cubes, with built-in logic for calculations.
Instead of linking spreadsheets, you establish a workflow in Jedox that guides users from one point to another, directing them to the specific report or information they need at any given time. This process involves opening and closing certain system areas to prevent overwriting or misplacing work. It’s akin to a transactional ERP system, creating a structured environment that replaces the chaos and lack of coordination in Excel. This is one of the key benefits that a tool like Jedox offers.
About Stephen Hambling,
CEO and Founder of Kybos, a UK based Jedox partner.
I provide simple, clear, commercial forward looking financial support to founders, entrepreneurs and CFO’s of Small and Medium sized companies. Typically I’m the special projects guy, commercial troubleshooting, systems help, M&A or cashflow & turnarounds. I’ve implemented several hundred finance systems. Implementations are not a core skill set for the average finance team, so it’s easy for a project to go off track. Clear simple guidance before, during and after an implementation can make the world of difference.
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Aout Kybos
Kybos is a dedicated UK Jedox gold partner. We build planning and analysis solutions that deliver value fast using accountancy qualified consultants. Whether you want a fully customised application or to build upon an existing solution, Kybos consultants are here to help.