In our review of 2022 industry performance, Andreas Simon, Regional Director MEA at Jedox revealed how the company has grown despite negative macroeconomic conditions.
As a company – how have you performed in 2022 in the MEA Customer Industry?
The prevailing macroeconomic conditions have caused budgets to contract as businesses experience cash flow challenges. However, Jedox software is purpose-built for helping our customers plan for the unexpected – we like to say adaptability is stability. Jedox is optimistic about businesses’ continued need to plan decisively amidst uncertainty.
What are the major technologies opportunities you have participated in while coming to solving challenges in the user market?
We offer a single, comprehensive integrated business planning (IBP) platform that lends itself perfectly to multiple use cases. Of course, one of the primary utilisations of our solution has been for financial planning & analysis (FP&A). But as businesses look to drive efficiencies across other departments, we are also catering to interesting use cases such as sales performance management (SPM), HR and workforce, and environmental, social and governance (ESG) planning.
Additionally, Jedox continues advances in applied AI, giving our customers the ability to plan for the unexpected with sophisticated yet simple-to-use what-if scenario tools. Against the backdrop of inflationary concerns, supply chain issues, and the ongoing war in Ukraine, Jedox delivers AI-powered automation of budgeting and forecasting as manual approaches can no longer keep pace with the rapidly changing business environment.
Which industries have adopted your technologies the most?
Retail, manufacturing, healthcare, oil & gas and of course banking and finance continue to be key verticals for Jedox. What is interesting though is that through the latter half of 2022, we have had a number of wins with large government and semi-government entities.
How many net new customers have you added this year? Who are the major names?
We added several enterprise customers across various industries to our portfolio this year with prominent organisations like Shelf Drilling, the Mantrac Group – leaders in their respective sectors.
What is your revenue growth expectation for this FY?
Jedox is on a continued growth trajectory and looks forward to helping our customers expand planning across their organisations even further into 2023, while meeting demand for automated planning in uncertain times.
What is your road map for 2023?
Jedox is focusing on solving customer needs across the organization through IBP; advancing AI solutions to give customers more power to plan; and enhancing the user experience with crisp and beautiful dashboards with all the KPIs they need. Part of our execution, particularly for IBP, is through innovation partners who bring strong domain specialization. Additionally, Microsoft continues to be a major technology partner, where Jedox offers deep integration with key solutions such as Azure, Power BI, Dynamics 365 Business Central and more. We entered into a partnership with one of Microsoft’s leading distributors in the region which further strengthens our alliance and vastly expands our total addressable market, giving us the opportunity to pursue opportunities with thousands of leading businesses.