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As businesses continue to grow and expand, their financial data is often spread across multiple systems, making it difficult to generate a comprehensive report of the company’s financial performance. But with integrated financial reporting users can consolidate financial data from different sources, be it on-premise or cloud data. It enables businesses to efficiently generate a unified report using Oracle E-Business Suite (EBS) and Oracle Fusion Cloud data. The consolidated finance report simplifies the integration process, provides users with real-time visibility into their financial data, eliminates data inconsistencies, and minimizes the risk of errors.
How is Orbit GLSense different from other modern integrated financial reporting solutions?
With a range of financial reporting solutions available in the market, Orbit GLSesne makes sure to stay true to the very definition of “Integrated Financial Reporting.”
1. Consolidated finance reports
Integrating data from multiple sources is a common challenge for businesses, and this is often compounded by the fact that different teams use separate tools for data transformation and processing, which creates additional silos. As a result, it can be difficult for CFOs, decision-makers, and other finance users to make informed decisions due to the unorganized representation of data.
However, many reporting solutions only pull data from different sources without integrating it, which further exacerbates the problem. This is where Orbit GLSense shines, as it extracts data from both on-premise and cloud systems into a single unified report, offering a comprehensive view of a company’s financial performance. Moreover, using one Excel Reporting tool for both legacy EBS and Fusion Cloud ERP can save finance teams from wasting their time and resources, as it eliminates the need for different tools and allows for smoother data integration.
2. Near Real-time data visibility
Not all reporting solutions offer near real-time data visibility, which can lead to delays or a negative impact on decision-making. Consider a retail company that uses multiple sales channels, including physical stores, e-commerce platforms, and marketplaces. Without real-time data visibility, the finance team will not have access to the latest information, affecting the overall financial health until it’s too late.
Book a demo with Orbit GLSense
Orbit GLSense enables you to generate an integrated report from Oracle E-Business Suite and Oracle Fusion Cloud. It also offers a comprehensive set of financial reporting features, including multidimensional analysis, financial statement generation, data visualization, and drill-down to details.
Book a demo with our experts and learn how efficiently GLSense can be integrated into your system. Explore how you can use access data from multiple sources from one single tool.
Watch GLSense for Oracle Fusion Financial Reporting in action
Oracle Fusion Financial Reporting