Discover how modern finance teams are bridging the gap between legacy systems and the cloud with AI-powered, multi-ERP financial reporting.
Financial reporting and analytics empower businesses with critical insights into their financial activities and performance on a periodic basis. Armed with accurate financial reports, companies can organize their accounting data, assess current financial status, forecast future profitability, and project growth by:
- Tracking cash flow
- Measuring profitability and revenue growth
- Evaluating assets and liabilities
- Analyzing shareholder equity
- Understanding financial numbers by business unit or geography
These insights help to optimize resource usage, increase cash flow, improve business performance, and enhance the company’s overall financial health. Traditionally, financial reporting tools access data stored in enterprise solutions like Oracle EBS, which includes core sub-modules such as Accounts Payable, Accounts Receivable, Cash Management, Fixed Assets, and General Ledger.
However, as organizations evolve and migrate their financial operations to the cloud, finance teams require a modern, intelligent solution that bridges the gap between legacy systems and modern cloud infrastructure. Enter Orbit GLSense—an AI-powered, native cloud-based solution that integrates seamlessly with Oracle EBS reporting and Oracle Fusion Cloud ERP. It is widely recognized as the ideal replacement for legacy tools like GL Wand and PeopleS oft nVision.
Here are seven compelling reasons why Orbit GLSense is the must-have financial reporting and analytics tool for modern finance teams.
1. Live, Excel-Based Financial Reports Driven by AI
Finance professionals live in spreadsheets. Orbit GLSense delivers real-time general ledger (GL) reporting with a 100% Excel experience, eliminating the concept of a static ‘data dump’. By connecting directly to your ERP, Orbit GLSense automatically updates every cell, formula, and chart within seconds when refreshed, giving finance teams access to current financial data in a familiar Excel environment. Users have full access to user-defined fields and can define rows and columns to view General Ledger Segments, Accounts, and Functions effortlessly.
2. Seamless Multi-ERP Integration (EBS to Fusion)
Whether your organization relies strictly on Oracle EBS, has moved to Oracle Cloud ERP (Fusion), or operates a hybrid model alongside NetSuite, MySQL, or MSSQL databases, Orbit GLSense goes beyond EBS data to offer seamless Multi-ERP integration. It serves as a superior alternative to legacy tools by offering a single platform for integrated financial reporting. Finance teams can effortlessly retrieve balances simultaneously and generate side-by-side reports comparing historical legacy data in EBS with the latest year’s data in Oracle Fusion.
3. Advanced KPI Tracking & Multi-Dimensional Analysis
Orbit has elevated GLSense with intelligent automation and advanced Key Performance Indicator (KPI) tracking. Stakeholders can effortlessly assess financial health by tracking specific Orbit GLSense Financial Analysis KPIs—such as profitability, liquidity, efficiency, and solvency metrics—on the fly. This empowers finance users to move beyond traditional two-dimensional reporting, enabling deep-dive, multi-dimensional analysis directly from the familiar Excel interface.
4. Instant Drilldown to Sub-Ledger Details
When you spot a variance, you need immediate answers. GLSense turns Excel into an interactive analytical engine with hundreds of pre-built sub-ledger drill-down reports. By simply right-clicking a summarized GL balance cell, you can drill down directly into the underlying sub-ledger details. It instantly pulls up granular data from modules such as Accounts Payable, Accounts Receivable, Fixed Assets, Inventory, Purchasing, and Project Accounting.
5. Accelerated Period Closing & Real-Time Account Analysis
Orbit GLSense significantly speeds up the reconciliation and period close processes by automating data aggregation across multiple modules, drastically reducing human error. Finance users can perform ad-hoc GL Account Analysis for auditing without depending on IT. By integrating directly with both general ledger and sub-ledger modules, it improves the efficiency, accuracy, and reliability of your close processes and ensures you focus on strategic financial analysis.
6. 1,000+ Pre-Built Reports & Seamless Migration Assistants
Time to value is critical. Orbit Reporting and Analytics provides more than 1,000+ pre-built reports and data models for Oracle ERP across GL, AP, AR, Projects, Inventory, and HCM. Furthermore, GLSense effortlessly imports your existing Oracle EBS Financial Statement Generator (FSG) definitions with minimal rework. Orbit also provides a free Discoverer Migration Assistant to automatically convert legacy Oracle Discoverer reports, saving countless hours of manual recreation.
7. Uncompromised Security & Data Governance
Financial data requires the highest level of security. GLSense does not bypass your ERP’s security; it inherits it natively through Oracle Identity and Access Management. Users automatically retain the exact role-based security, ledger access, data access sets, and segment value security they possess in the ERP environment—enforced right at the cell level in Excel. This ensures absolute peace of mind for finance leaders regarding data governance and segregation of duties.
Transform Your Financial Reporting Today
Modern finance demands agility, accuracy, and immediate accessibility. By bridging the gap between legacy Oracle EBS data and modern Oracle Fusion Cloud ERP within a familiar Excel interface, the AI-powered Orbit GLSense empowers your team to make faster, better-informed financial decisions.
Ready to revolutionize your financial close process? To know more about how Orbit Reporting and Analytics can help your organization, visit our Financial Reporting Solutions page.
