Jedox vs. Lucanet

Jedox is really good when being applied to a specific use case or scenario (such as a budget or planning process). Once embedded, users then start to really understand how it can be used in other, less well defined, areas of their business. It is therefore not as easy to apply it on an enterprise-wide deployment from a "Big Bang" perspective. But very few tools / projects ever meet this goal.

Lucanet is an easy to understand consolidation tool that displays the company's PnL, balance sheets, and cash flow statement in a clear way. The software is intuitive and easy to understand. User access functionalities are good. Dashboarding, reporting, and variance analysis are limited which is a disadvantage compared to other applications who do offer more all-in-one solutions.

Incentivized

• Easy to deploy through web interface
• Highly integrated in Excel, very familiar platform for end users
• very short implementation at reasonable cost

• Very intuitive interface to slice and dice the data to have a monthly, quarterly, or yearly view
• Easy to add additional journal entries
• Present legal consolidation structure in an intuitive way

Incentivized

• Limited data discovery features but integration with third party products
• Complex projects require expertise of specialised consultants
• Limited options for online training but extensive in person training available
• Limited scalability. For systems with more than 50 users there are better solutions

• Limited dimensions to drill-down to a lower level of detail
• Limited reporting functionality
• We used it mainly for consolidation of actuals. As far as I know, limited functionality for variance analysis

Incentivized

For a period of 5 years all our customers using Jedox have renewed their licenses.

To me Jedox deserves 10/10 because it is a consistent one-in-all platform with a modern look and feel. It is intuitive to use and allows you to make intuitive applications integrating traditional business intelligence with performance management functionality. It certainly has a short
learning curve, especially for those that are familiar with MS Excel. An example: I've lost count but Jedox it is available in more than 25 languages. Another: Jedox does not require programming skills... it is developed to be used by the business.

Jedox has
very few bugs. Reports are available through an Excel add-in, the web and/or
mobile device (IOS/Android). In my opinion, availability also means high
performance, not having to wait for the system to give you the required reports,
analysis, dashboards instantly.

Jedox is the fastest OLAP tool on the market. It can use GPU cards to increase performance even more

The Jedox support team are highly knowledgeable about both the product and how it is used in real life. They also are typically proactive in resolving issues.

The implementation of SSO, SAML Authentication, HTTPS, Server splitting (Frontend / Backend servers) could be more standardized and made more user friendly to set up (e.g. via setup guide). Otherwise the implementation of Jedox is quick and simple when compared to other similar technologies.

Power BI in some respects is easier to set up using tabular analysis, which makes creating new models relatively easy in comparison to Jedox, however, the DAX language is more complex to learn than the Groovy script used by Jedox. Jedox's power comes in its ability to write back to models and flexibility in setting up reports. We use both for different applications, but if I was wanting to create a model that needed user input I would pick Jedox.

Incentivized

Incentivized

Scalability is often another word for speed. Given enough data, enough users or enough calculations, the tool becomes slower and slower. You will find that Jedox has a very high performance that can even be increased by the use of grafical cards. Other thaen that it does not only offer BI (looking back based on historical ERP data) but also allows you to look forward through integrated budgetting, planning, forecasting, workflow and collaboration. Not easy to find a tool that can support so much business functionality. So, also pretty scalable in that respect.

• Financial budgeting and Forecasting are done in a centralized fashion in Jedox now instead of a decentralized excel based approach. A lot of cost savings and improved reliability
• Easy to use self-help Dashboards and detailed reports
• Web-based reporting instead of excel based

Incentivized

• Provides single source of truth regarding financial data
• Affordable solution

Incentivized