The planning and performance management software provider Jedox has announced the go-live of a new financial planning solution at the McGrath Foundation. This milestone marks the completion of a project to modernise the organisation's financial reporting and planning processes.
Founded in Australia, the McGrath Foundation works to improve support for people affected by cancer. The organisation provides access to specialist nurses and offers clinical, psychosocial and emotional support to patients and their families throughout their care journey.
Modernising financial reporting and planning
In this context, the foundation launched a project to transform its financial processes in order to better structure its reporting, budgeting and forecasting activities. The solution deployed by Jedox will centralise financial data and improve the reliability of the analyses used to manage operations.
In particular, the platform will enable the foundation's teams to:
consolidate and automate financial reporting
improve budgeting processes
produce faster and more reliable financial forecasts
enhance visibility over available financial resources
These capabilities align with Financial Planning and Analysis (FP&A) practices, which aim to support strategic decision-making through better use of financial data.
An important milestone in financial transformation
The go-live constitutes a key milestone in the project, marking the transition from the implementation phase to operational use of the solution by the foundation's teams.
For Jedox, this deployment also illustrates the growing use of financial planning solutions in non-profit organisations, which are seeking to enhance the transparency and efficiency of their financial management in support of their missions.
The collaboration between the two organisations is now expected to continue, focusing on the evolution of platform usage and the optimisation of financial processes.
source: Jedox
