Case Study: iLOQ streamlines financial planning and reporting with Jedox and Innofactor

A planning and reporting tool that grows with iLOQ

iLOQ, a rapidly growing technology company specializing in digital access management solutions, faced financial planning and reporting challenges due to its rapid international growth and an increasingly complex group structure. To address this, they partnered with vendor Innofactor (formerly Invenco) to implement a new planning and reporting solution using Jedox software.

The solution implemented by Innofactor provided a single system for comprehensive business planning, consolidation, and group reporting. This gave iLOQ cost-effective, real-time access to group-wide planning and legal figures, supporting better management decision-making. The measurable impact was significant, as the system successfully supported the company through a period where net sales nearly doubled from EUR 34 million to over EUR 60 million.

iLOQ

Sirpa Sallanko

Head of Finance