Case Study: MEYRA Group achieves faster financial consolidation and major time savings with Jedox Financial Consolidation

Jedox unlocks greater insight and frees Finance team from time-consuming manual tasks

MEYRA Group, a leading manufacturer of wheelchairs and rehabilitation aids with operations across Europe and China, faced increasing consolidation complexity as it grew to 20 entities under private equity ownership. Its Excel-based consolidation process was time-consuming and error-prone, requiring two finance specialists to prep data and the Group Chief Accountant to spend five days each month reconciling intercompany balances—while ownership demanded faster monthly close timelines.

Implementing the Jedox Financial Consolidation Model automated the consolidation workflow, eliminated manual data simplification and saved the Group Chief Accountant those five days each month, delivering faster closes, greater accuracy and a single version of the truth. MEYRA now has improved financial insight and plans to extend Jedox to budgeting and sales reporting for unified group performance management.

Meyra Group

Mariusz Gieralt

Finance Director CEE