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As companies continue to grow and evolve, traditional methods of data management and reporting, such as Excel spreadsheets, aren’t cutting it anymore. Think about it as finance professionals, the need for accurate financial data. This data when reported with accuracy can lead to crucial business decisions. But when that data is spread out across multiple spreadsheets, it’s all too easy for errors to creep in and for information to become outdated. This can lead to confusion and mistrust in the financial reports we produce, generating an urgent necessity for better data governance. This is where Orbit GLSense Integrated Financial Reporting helps.
With more and more companies switching to integrated financial reporting – a solution that offers a single, definitive source of truth for financial and non-financial data. This way, employees throughout the organization will have access to consistent and up-to-date information. But is Orbit GLSense better than other applications in the market? A simple answer would be a yes. The question arises of how.
Let’s dive deeper into how Orbit GLSense gives a clear understanding of your financial data and helps you in making significant decisions.
Gain a Complete View with Orbit GLSense Integrated Finance Reporting
As a CFO, staying ahead of the curve in data analytics and business intelligence is crucial to driving both operational and strategic decision-making. But let’s face it, with the added pressure of core corporate finance and financial reporting responsibilities, it can be overwhelming to keep up with it all. That’s where Orbit’s GLSense comes in.
Orbit GLSense is a best-in-class reporting tool that empowers finance departments with the ability to effortlessly gather, analyze, and make sense of vast amounts of data. The innovative platform seamlessly integrates financial and non-financial data from multiple, disparate sources, including spreadsheets and databases, to give you a comprehensive view of your organization’s performance. With Orbit GLSense, you’ll have the tools you need to create accurate and meaningful reports that will help you make better business decisions. It offers a variety of tools for data visualization, budgeting and forecasting capabilities, and compliance with different reporting standards, ensuring that your reports are always accurate and up-to-date.
The powerful platform is known to easily streamline your financial reporting, deliver insights needed to drive your business forward, and make informed decisions with ease.
Capabilities of GLSense:
But don’t we have other tools in the market?
GL Wand is one such tool used by the finance teams for Oracle E-Business Suite. But it has its shortcomings, it works primarily on Oracle E-Business Suite and not for Oracle Cloud ERP, while Orbit GLSense allows showing the data from both applications in a single report if needed. Orbit’s solution offers the “drill down” feature, allowing users to live GL transaction details, without leaving Excel. It also permits access to user-defined fields within Excel. GLSense creates reports from legacy Oracle EBS data and Oracle Fusion Financials Cloud ERP data, delivering a real-time account analysis and a feature to compare the previous year’s data with the latest reports.
GLSense: An Integration of Legacy Oracle EBS Data, Oracle Financials Cloud (Oracle Cloud ERP), and other platforms
GLSense is an advanced financial reporting tool that merges financial data from Oracle E-Business Suite (EBS), Oracle Fusion Finance Cloud, and NetSuite. This integration allows finance departments to streamline their reporting process and gain a comprehensive view of their financial data, regardless of the source system.
Using Orbit GLSense, users can perform a detailed analysis of General Ledger (GL) and Sub Ledger transactions, allowing access to financial data from multiple systems in one place while eliminating the need to manually import data from separate systems. This is not only time-saving but also reduces the risk of errors.
The reporting makes it possible for CFOs and other decision-makers to align strategic, operational, and financial decisions.
Choose Orbit’s GLSense Integrated Financial Reporting
Orbit’s GLSense is a cutting-edge reporting and analytics platform that was specifically designed for the finance department to address its growing need for self-service reporting and analytics. The platform allows seamless integration with a wide range of systems such as Oracle EBS, Oracle Fusion Finance Cloud, NetSuite, and many others.
The tool enables drilling down for granular detail on legacy databases and running reports in a real-time environment. It complies with various Financial Reporting Standards, and organizational-level security and authentication protocols to protect data from unauthorized access. Orbit GLSense provides finance users with a comprehensive set of tools to create tables, pivot tables, spreadsheets, charts, maps, and visualizations, with an intelligent query generator that returns ad-hoc results instantly. Users can run reports in real-time or schedule them for later, and share them with others in a variety of formats.
To know more about GLSense integrated financial reporting, contact our experts: https://info.orbitanalytics.com/glsense-integrated-financial-reporting-for-excel-users
Oracle Fusion Financial Reporting