FREIBURG, Germany, April 28, 2014 /PRNewswire/ -- Leading European business intelligence (BI) software provider Jedox has released the latest version of its award-winning BI solution: Jedox 5.1. With corporations across the industry spectrum demanding greater speed, flexibility and automation from BI solutions, Jedox 5.1 sets a new standard in self-service BI.

Jedox 5.1 revolves around data-driven modeling, which uniquely combines the content depth of classic OLAP tools and the simplicity of state-of-the-art data discovery software. The new solution brings together the high-level planning process support and active modeling functionality of OLAP tools and the ability of data-discovery software to analyze data quickly and flexibly. By leveraging the power of data-driven modeling, users can now create an entire OLAP model with existing data at the click of a button, with the model immediately available for analysis, reporting and planning tasks.

During the design process, Jedox 5.1 stores processing logic in an import script, which means users can further edit the process and reuse it at a later date. "With a kind of rapid prototyping, Jedox 5.1 users can quickly and autonomously generate sophisticated models and test them in real-world scenarios. Users can now implement results in a more productive and efficient manner," comments Jedox Chief Technology Officer, Matthias Krämer.

Simplifying corporate planning

Jedox 5.1 also simplifies corporate planning. The new version of the trailblazing Jedox BI solution allows users to enter planning values and complex top-down distribution rules directly into the software, select data entry options, and, if required, structure user functionality according to user groups. "One of the benefits of Jedox 5.1 is that it lets you allocate costs more specifically and compare budgets more precisely," explains Krämer.

Furthermore, Jedox 5.1 provides new predictive analytics functionality, including forecast analysis based on the popular statistics program R. As a result, users can use inventory data to generate forecasts, timelines and other forward-looking analysis.

"We were recently voted a leading provider of self-service BI in the prestigious BARC BI industry survey. With Jedox 5.1 we've raised the bar and we continue to enhance our solution. This new version sets the standard for speed, ease of use and the automation of BI processes," says Jedox CEO, Kristian Raue.

ABOUT JEDOX

OUR GOAL: SELF-SERVICE BI

Jedox software enjoys superior customer acceptance across a variety of industries. Jedox BI users enjoy greater freedom, since they are able to shape the analysis, reporting and planning functions of the data they need. No more need to make extensive use of the IT department! What's more, Jedox users are empowered to edit relevant data individually and comprehensively. This is ideal for reporting and controlling; or for analyzing, monitoring, and planning sales, expenses, results, and liquidity. Even users with basic computer skills can now easily meet corporate demands for data planning, analysis, and reporting.

Jedox features an easy-to-understand user interface familiar to Microsoft Office users.

"Self-service BI" – simple, fast, without limits.

OUR VISION

Business Intelligence and Performance Management (PM) thrive on speed and agility. Our principle of “self-service Bl” ensures both—and improves efficiency, while contributing to the users' corporate bottom line. Jedox customers can quickly recognize and take advantage of any optimization potential. This lets them respond to changes in the market more quickly, giving them an edge over their competition. Kristian Raue, Jedox Founder and CEO

OUR HISTORY

Founded in 2002 by Kristian Raue, Jedox AG is committed to the development of business intelligence and corporate performance management solutions. Jedox employs a staff of over ninety at three locations in Germany and one in France. Its Board consists of the founder / chairman, plus internationally experienced leaders in the BI and PM markets, including Bernd Eisenblätter (COO) and Matthias Krämer (CTO). With its dual strategy of open source and premium offerings, Jedox has been enjoying annual growth in the high double figure range since its founding. Deployed in over 120 countries around the world, Jedox AG solutions are available in 23 languages.