Singen, D-78224,
Germany
HICO-Group
HICO-Group, a prominent reseller, system integrator, and consulting company, that plays a vital role in numerous system integration and digital transformation initiatives. HICO-Group collaboration with software players such as Jedox empowers organizations to embrace disruptive technologies and accelerate their journey to the cloud, thus reshaping their business models.
| Reseller and SI | Vendor | Application | Category | Market |
|---|---|---|---|---|
| HICO-Group | Jedox | Jedox AIssisted | ML and Data Science Platforms | AI Development |
| HICO-Group | Jedox | Jedox Enterprise Performance Management | EPM | EPM |
| Logo | Customer | Industry | Empl. | Revenue | Country | Vendor | Product | Category | When | Insight |
|---|---|---|---|---|---|---|---|---|---|---|
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Mitsui Chemicals Europe | Oil, Gas and Chemicals | 60 | $7M | Germany | Jedox | Jedox Enterprise Performance Management | EPM | 2017 |
In 2017, Mitsui Chemicals Europe implemented Jedox Enterprise Performance Management, an EPM solution, to centralize and simplify sales planning within the Performance Controlling department. The deployment consolidated multiple sub-plans and established a 12 month rolling forecast process to increase agility in responding to changing market conditions.
The implementation incorporated the Jedox AI module Predictive Forecast as part of the Jedox AIssisted Planning capability, applying predefined business logic to generate AI driven sales predictions at granular levels. Jedox Enterprise Performance Management and its in memory engine were configured to support detailed splashing and aggregation across product groups, product SKUs, individual customers, materials and regions, enabling rapid recalculation and scenario analysis.
Mitsui used the Jedox Integrator as the central data hub to map additional data sources, specifically extracting and migrating data from SAP into Jedox, and optimized existing data cubes for quality and performance. The project was executed with Jedox partner HICO-Group alongside Mitsui chemicals Performance Controlling and targeted operational coverage for sales planners and controlling functions across product portfolios.
Governance and adoption were staged, with AI generated forecasts run in parallel to manual forecasts to build trust and acceptance before deeper automation. Accuracy for several product groups increased to up to 95 percent versus actuals, and Mitsui planned continued database growth and model refinement to further improve predictive coverage.
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Mitsui Chemicals Europe | Oil, Gas and Chemicals | 60 | $7M | Germany | Jedox | Jedox AIssisted | ML and Data Science Platforms | 2017 |
In 2017, Mitsui Chemicals Europe implemented Jedox AIssisted in the ML and Data Science Platforms category to simplify and accelerate sales planning across its European subsidiary. The implementation was led by the Performance Controlling department with HICO-Group as the implementation partner, consolidating prior Microsoft SQL and Access based planning and Excel scenarios into a unified Jedox planning environment.
The deployment embedded the Jedox AI module Predictive Forecast as part of the Jedox AIssisted Planning solution to support a 12 month rolling sales forecast, using predefined business logic and AI generated sales predictions. Core functional capabilities included in-memory planning and aggregation, granular splashing of values to individual customers and materials, and predefined reporting and evaluation delivered by the AI standard model.
Data integration used the Jedox Integrator as a central data hub to map and migrate historical records from SAP and optimize existing Jedox data cubes for quality and performance. Operational coverage centered on FP&A and sales planning processes for multiple product groups and product SKUs, with forecasts segmented by customer, material and region within Mitsui Chemicals Europe.
Governance and rollout began as a pilot, running AI generated forecasts in parallel with manual forecasts to provide automated comparisons and strengthen planner confidence in the model outputs. HICO-Group supported the pilot configuration and the team addressed a data sufficiency challenge by augmenting the initial 1.5 years of history toward the recommended three year dataset to improve model training.
Outcomes reported from the implementation include forecast accuracy increases up to 95 percent for several product groups, greater transparency and planning detail, and faster scenario adjustment using the Jedox In-memory engine. Mitsui continues to use Jedox AIssisted predictions to support sales planners while incrementally growing the underlying dataset for further optimization.
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Buyer Intent: Companies Evaluating HICO-Group Services
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