Oracle EPM vs Jedox

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Our analysts compared Oracle EPM vs Jedox based on data from our 400+ point analysis of EPM Software, user reviews and our own crowdsourced data from our free software selection platform.

Product Basics

Oracle EPM is a comprehensive cloud-based suite of applications designed to automate and streamline core enterprise performance management processes. It caters to organizations of all sizes, particularly those seeking to gain deeper insights into financial data, improve budgeting and forecasting accuracy, and optimize operational efficiency. Key benefits include enhanced financial reporting, centralized data management, improved collaboration, and real-time visibility into performance metrics. Popular features include a user-friendly interface, advanced analytics capabilities, and integration with other Oracle Cloud applications. User reviews highlight the platform's scalability, robust functionality, and strong customer support. However, some users note the complexity of the software and the need for specialized training. Pricing varies based on the specific modules and deployment options chosen. On-premise implementations typically involve upfront licensing fees, while cloud-based subscriptions offer pay-as-you-go models.

Pros
  • Scalable
  • Robust functionality
  • User-friendly interface
  • Advanced analytics
  • Strong customer support
Cons
  • Complex software
  • Requires specialized training
  • High cost
  • Limited customization options
  • Integration challenges
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Jedox is a solution that helps organizations optimize business processes such as budgeting and forecasting through efficient planning, analysis and reporting. Easy to set up and maintain, it has the flexibility to seamlessly integrate with other sources and be tailored to specific needs and industry requirements. Through intuitive user interfaces as well as mobile accessibility, employees of all technical skill levels can work with data on a self-service basis. It provides flexible deployment options, including SaaS, public or private cloud, on-premises and hybrid.

There are four pricing plans which fulfill the varying requirements of different organizations: Essential, Business, Professional and Performance. Suitable for companies of any size, it can help small and midsize businesses make the jump from spreadsheets to a method of more accurately and transparently planning for the future. It also assists global enterprises in centralizing and streamlining their operations for greater efficiency.
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$250/User, Monthly
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Tailored to your specific needs
$160 Monthly
Get a free price quote
Tailored to your specific needs
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Product Assistance

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Product Insights

  • Enhanced financial reporting accuracy and transparency: Get a clear, accurate picture of your financial health with automated reporting tools and real-time data insights.
  • Improved budgeting and forecasting capabilities: Make better-informed decisions by leveraging data-driven forecasts, scenario planning, and collaborative budgeting tools.
  • Streamlined financial consolidation processes: Simplify and accelerate your financial close with automated consolidation workflows, centralized data management, and real-time reporting.
  • Increased operational efficiency and cost savings: Optimize resource allocation, identify cost reduction opportunities, and improve overall operational efficiency.
  • Enhanced collaboration and communication across departments: Break down silos and foster collaboration with a unified platform for sharing financial data, insights, and goals.
  • Real-time visibility into performance metrics and trends: Gain constant insights into key performance indicators and track progress towards strategic objectives.
  • Enhanced decision-making capabilities: Make data-driven decisions with access to actionable insights, real-time data visualizations, and predictive analytics.
  • Reduced risk of financial errors and fraud: Improve financial controls, strengthen compliance, and minimize the risk of financial errors and fraud.
  • Improved compliance with regulatory requirements: Efficiently comply with complex financial regulations with automated compliance tools and pre-built reports.
  • Scalability to accommodate future growth: Adapt to your evolving business needs with a flexible platform that can scale to accommodate future growth.
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  • EPM and BI Together: Jedox simplifies operations by combining the insights of business intelligence with the strategy of enterprise performance management into one unified platform for integrated planning across the organization.
  • Leverage Existing IT: The platform makes sure that companies can protect the competitive advantages and investments made in their existing technologies. Its data integration connects out-of-the-box to many popular enterprise solutions. Jedox also allows analysts who are comfortable with Excel to bring their skills to Jedox with an intuitive, Excel-like interface, helping with user adoption.
  • Compare Targets to Performance: By incorporating reporting and planning, users can unify actuals with their budget confidently and accurately. Predictive and prescriptive analytics help businesses take proactive action with forecasting, as well as assist them in translating strategy into execution.
  • Improves Collaboration: Through its online platform, users can build reports, visualizations and dashboards together, and share data with other teams and entities within their organization. 
  • Scalability: The platform features innovative technologies like cloud computing, artificial intelligence and its multidimensional in-memory database, ensuring it is future-proof to scale up to thousands of users as businesses grow and move forward.
  • Real-Time Insights: Users can access up-to-date dashboards and personalized insights from any modern web browser or the mobile app on a self-service basis. Through this, the system eliminates the need to distribute, collect and process spreadsheets, as well as the arduous process of manual reconciliation.
  • Free Trial: Interested users can register for a 14-day free trial of the SaaS version, Jedox Cloud, which provides access to the full functionality of the platform and its add-ons in the Jedox Marketplace.
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  • Planning: Use dashboards to get insights into performance and predictive strategizing to understand how to drive the business ahead. Connect various aspects of the organization and understand how every decision impacts profitability. Verify assumptions and minimize risks with free-form modeling at scale. Structure multiple scenarios and implement accounting intelligence. 
    • Monte Carlo Simulations: Check the possibility of plots and make well-informed decisions. Automate asset-related expenses and plan efficiently for intangible assets. Review capital expenses and check impacts on cash flow, balance sheets, income statements and more. Track project performance with detailed metrics and minimize decision latency with real-time strategy and execution details. 
    • Integrated Business Planning And Execution: Establish a connection between finance, planning, execution and operation. Apply data science and machine learning to improve decision-making and speed up data analysis. 
  • Profitability and Cost Management: Invest in the right resources by analyzing which customers, products and other factors are boosting profit. Make better IT decisions by gaining insights into IT expenditure and shared services. See where money is allocated by providing shared-services prices to different departments. 
    • Automatic Price Recording: Model regulatory value by calculating and automatically recording price for overhead rate justification, jurisdiction profitability, negotiations and more. Create and maintain profitability and price structure without scripts or coding, but with point and click actions. Quickly transform assumptions and allocation methods without re-building layouts or relying on IT services. 
    • Optimization: Optimize profitability by modeling changes like adding new customers and products, changing delivery positions and more. Analyze and understand which drivers and methods affect the bottom line. Keep an eye on allocation details with money and profitability maps. 
    • Security: Make sure that only authorized people have access to data with cloud-based applications. Add new dimensions and segments as the company grows. Merge monetary data with metrics and business drivers while running step-by-step validation reports. 
    • Accessibility: Ensure accessibility with a mobile workforce and configure dashboards to analyze the most current data. Identify gaps and what is helping the bottom line with pre-built graphs and KPIs. Perform variance analysis and optimize profitability. 
  • Financial Consolidation and Close: Automatically calculate cash flow, balance sheets and reduce customization needs. Implement a pre-configured consolidation model to meet global requirements like IFRS and GAAP. Simplify complex consolidation and boost the precision of information by re-classifying, adjusting and eliminating data for accuracy and speed. Track KPIs by creating calculations for organization-specific requirements. 
    • Automate Consolidations: Minimize manual work by automating consolidations in the background. Add details to reports with a narrative commentary. Ensure transparency and compliance by enforcing segregation of duties, calculation and user-activity logging. Keep track of what changes have been made and by whom. 
  • Account Reconciliation: Automate and meet compliance requirements of high-volume transactional reconciliations. Match details of millions of transactions in minutes with an automatic engine. Speed up the matching process by confirming or declining auto-suggested matches. Develop flexible matching rules for a single or group of transactions. 
    • Automate Reconciliations: Simplify reconciliations by defining data sources and attributes for unlimited items. Save time by automatically creating journal entries. Increase accuracy by automating repetitive reconciliations like zero balance and low risk. Identify outliers that might be potentially slowing down the financial close. 
    • Compliance: Get global auditability and ensure compliance is being met with reconciliations logged in the application. Create separate profiles for each account with variances without any custom code. Control the entire process and keep the team on the same page with built-in workflows. Get the flexibility to meet specific business requirements with a pre-built format. Make intercompany reconciliations automatic and enhance close cycle effectiveness with operational and compliance dashboards. 
  • Tax Reporting: Directly access records from general ledgers and use the most current data to calculate correct tax provisions. Comply with GAAP and IFRS requirements. Minimize manual processes by directly importing tax-return details from the software. Add country-by-country data from the consolidation system. Analyze tax data from pre-built KPIs on the dashboard. Incorporate reporting details and collaborate with users around the world on local files. 
    • Provision Automation: Automate processes like research and development, tax position, compliance, provision. Develop and maintain a calendar for important tax processes like audit management and tax compliance. Evaluate price associated with transportation, handling and insurance to implement the most cost-effective shipping option. 
  • Native Reporting: Access data directly from Oracle and non-Oracle sources like spreadsheets or applications. Create a consistent and controlled process by making use of existing reports. Send a single report by combining statements and data with textual narrative. Provide authors with accurate data and add multiple writers to documents. Reuse common content by using previous reports and ensure centralized maintenance of dates, data and text. 
    • Tracking and Sharing Reports: Track report statuses on mobiles and the web. Develop reports with complete audit trails and insight into transformations. Collaborate on content and create conversational threads to carry into the entire review circle. Share reports with stakeholders at any point of development. Produce briefing books and financial record books that can be accessed via mobile, web or desktop interface. 
  • Enterprise Data Management: Establish connections between Oracle and non-Oracle applications using adapters. Import lists and save time spent validating data entry. Cross-check viewpoints to boost the quality of applications within the organization. Sign requests with shopping cart interfaces. Implement custom application validations to keep track of notes during requests. 
    • Tagging and Communication Threads: Make changes to existing items and submit new items with a single click. Tag participants and send real-time email notifications with @ references. Use communication threads to keep track of activities. Ensure security with detailed, permission-based access to applications. Compare and understand differences with a side-by-side layout. 
    • Drag and Drop: Make transformations to viewpoints within and across applications with drag and drop or fill out the details using an automated workflow. Download viewpoints to desktop files and reload to conduct mass updates. Script automated integrations with REST APIs. Boost transparency by configuring data access for external auditors. 
  • Enterprise Resource Planning: Use datasets to predict, detect and act on uncertain and unpredictable situations. Speed up overall response time by uncovering significant deviations and revealing otherwise hidden information and bias. Eliminate manual processes with automation and invest more time understanding the data instead of entering it. 
    • AI Digital Assistants: Simplify and boost common and repetitive tasks with AI-powered digital assistants. Clear approvals faster by customizing tasks and over budget notifications. Identify trends and launch models accordingly. Keep track of results in real time and refine the approach as the business progresses. 
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  • Data Integrations: The platform’s built-in integration tool, Jedox Integrator, uses extract, transform, load (ETL) processes to wrangle data. It creates a seamless integration for self-service connectivity, with more than 50 out-of-the-box connectors and more available for various databases, cloud data sources, ERP, CRM, BI and marketing systems. 
  • Excel Add-in: Jedox enables users who are more comfortable working in Excel to access the budgeting, forecasting, planning and analytical functionalities of the platform from the native Excel environment. Users can convert their spreadsheets into the solution, building on their existing knowledge of Excel. 
  • Pre-Built Business Content: The solution has a marketplace of pre-built application models and templates tailored for users from industries such as finance, sales, human resources and more. These models come with best-practice solutions to help users start exploring their data quickly.
  • Predictive Analytics: Jedox uses advanced in-memory modeling and artificial intelligence to help users circumvent the volatility of ever-changing data, running what-if scenarios, trend analysis and more. 
  • Data Governance: Jedox allows administrators to manage access to sensitive information at a granular level down to a single cell. It also provides role-based access, event-driven user interactions, audit logs and differentiated licenses for various user types.
  • Mobile App: Jedox has a native, touch-friendly app for iOS and Android systems that helps employees out of the office stay connected to their reports and analytics. The app supports sharing and offline access capabilities.
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Product Ranking

#18

among all
EPM Software

#23

among all
EPM Software

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Analyst Rating Summary

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87
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Capital Expenditure Planning
Cash Management
Financial Consolidation and Reconciliation
Integration and Extensibility
Planning, Budgeting,and Forecasting
Revenue Planning
Sales Planning
Cash Management
Workforce Planning
Profitability Modelling and Analysis

Analyst Ratings for Functional Requirements Customize This Data Customize This Data

Oracle EPM
Jedox
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Capital Expenditure Planning Cash Management Financial Consolidation And Reconciliation Planning, Budgeting,and Forecasting Platform Capabilities Profitability Modelling And Analysis Project Planning Reports And Dashboards Revenue Planning Sales Planning Workforce Planning 100 100 100 100 100 100 100 100 100 100 100 81 98 87 93 91 97 64 88 100 100 98 0 25 50 75 100
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Analyst Ratings for Technical Requirements Customize This Data Customize This Data

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User Sentiment Summary

we're gathering data
Great User Sentiment 226 reviews
we're gathering data
88%
of users recommend this product

Jedox has a 'great' User Satisfaction Rating of 88% when considering 226 user reviews from 2 recognized software review sites.

n/a
4.41 (113)
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4.4 (113)

Awards

SelectHub research analysts have evaluated Oracle EPM and concluded it deserves the award for the Best Overall EPM Software available today and earns best-in-class honors for Capital Expenditure Planning, Cash Management, Financial Consolidation and Reconciliation, Planning, Budgeting,and Forecasting, Platform Capabilities, Project Planning, Sales Planning, Workforce Planning and Integration and Extensibility.

Analysts' Pick Award
Capital Expenditure Planning Award
Cash Management Award
Financial Consolidation and Reconciliation Award
Planning, Budgeting,and Forecasting Award
Platform Capabilities Award
Project Planning Award
Sales Planning Award
Workforce Planning Award
Integration and Extensibility Award

SelectHub research analysts have evaluated Jedox and concluded it earns best-in-class honors for Sales Planning.

Sales Planning Award

Synopsis of User Ratings and Reviews

Streamlined processes: Users appreciate how EPM automates manual tasks and provides real-time insights, improving efficiency and accuracy.
Enhanced collaboration: Users value EPM's ability to facilitate seamless collaboration across departments, leading to better decision-making.
Increased visibility: Users find EPM's consolidated view of financial data across the organization invaluable for better planning and forecasting.
Improved compliance: Users appreciate how EPM helps them comply with complex financial regulations and standards.
Scalability and flexibility: Users are satisfied with EPM's ability to adapt to their changing needs and grow with their business.
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Excel Integration: Jedox seamlessly integrates with Excel, allowing users to leverage their existing spreadsheet skills and formulas while benefiting from enhanced data analysis and reporting capabilities. This familiarity reduces the learning curve and empowers users to quickly adapt to the platform.
OLAP Server: The integrated OLAP server enables efficient data analysis across multiple dimensions, empowering users to slice and dice information, drill down into details, and gain deeper insights from their data. This capability is particularly valuable for complex financial modeling and reporting tasks.
Web-Based Interface: Jedox offers a user-friendly web-based interface that allows access to reports and dashboards from anywhere with an internet connection. This accessibility promotes collaboration and facilitates data-driven decision-making across teams and departments.
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Complexity: Users find the initial setup and configuration of EPM to be complex and time-consuming.
Cost: EPM can be expensive, especially for smaller businesses, due to licensing fees and implementation costs.
Learning curve: EPM has a steep learning curve, requiring users to invest time and resources in training.
Limited customization: While EPM offers some customization options, it may not be flexible enough for all businesses.
Integration challenges: Integrating EPM with other systems can be complex and require additional resources.
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Steep Learning Curve: Many users find Jedox to be quite complex, especially those transitioning from simpler spreadsheet applications. The interface, while feature-rich, can feel overwhelming to new users due to the multitude of options and functionalities.
Performance Issues: Some users report experiencing slow performance, particularly when working with large datasets or complex models. This can hinder productivity and lead to frustration, especially for time-sensitive tasks.
Limited Mobile Functionality: The mobile app for Jedox has received criticism for its limited functionality compared to the desktop version. This can be a drawback for users who require on-the-go access to their data and models.
Cost: Jedox's pricing structure can be a barrier for smaller businesses or those with limited budgets. The cost of licenses and implementation services can add up quickly, making it a significant investment.
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User reviews for Oracle EPM paint a mixed picture, highlighting both its strengths and weaknesses. Many users praise its ability to automate tasks, streamline processes, and provide real-time insights, leading to improved efficiency and accuracy. They also value its ability to facilitate collaboration across departments and its centralized view of financial data, which fosters better decision-making. One user commented, "EPM has completely transformed our financial close process, reducing our closing time by 50%." Others appreciate how EPM helps them comply with complex regulations, with one user stating, "EPM has saved us countless hours and resources by automating our compliance reporting." However, some users find EPM's initial setup and configuration to be challenging and time-consuming. The cost can also be a barrier for smaller businesses. Additionally, the steep learning curve requires users to invest significant time and resources in training. Some users also expressed frustration with EPM's limited customization options and the challenges they faced integrating it with other systems. One user noted, "While EPM offers a lot of features, it can be inflexible at times and doesn't always meet our specific needs." Another user commented, "Integrating EPM with our existing ERP system was a major headache." When comparing EPM to similar products like SAP BPC and Anaplan, users often highlight EPM's comprehensive feature set, robust security measures, and seamless integration with other Oracle applications as its main differentiating factors. However, some users find SAP BPC to be more user-friendly and Anaplan to be more agile and adaptable. Ultimately, the best choice for individual users and businesses depends on their specific needs and priorities.

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Jedox has garnered a reputation for its robust data modeling capabilities and Excel integration, making it a popular choice for organizations with existing Excel-based processes. Users appreciate the familiar interface and the ability to leverage their existing Excel skills, reducing the learning curve and facilitating user adoption. The platform's strength lies in its ability to handle complex calculations and data manipulations, making it suitable for financial planning, budgeting, and forecasting tasks. However, some users find the interface outdated and less intuitive compared to modern cloud-based solutions. Additionally, while Jedox offers cloud deployment options, its on-premise roots can lead to challenges with scalability and accessibility for remote teams. When compared to competitors like Anaplan and Adaptive Insights, Jedox stands out with its powerful OLAP engine and Excel integration. This makes it a preferred choice for organizations that prioritize data analysis and manipulation capabilities. However, Jedox may fall short in terms of user-friendliness and collaboration features, where cloud-native platforms often excel. The platform's pricing structure, which can be complex and involve multiple components, is another factor that potential users should carefully consider. Ultimately, Jedox is best suited for organizations with strong Excel expertise and a need for advanced data modeling and analytical capabilities, particularly in finance and controlling departments.

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Screenshots

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