Oracle Fusion Financial Reporting: The Key to Accurate and Efficient Financial Statements With GLSense

Oracle Fusion Financial Reporting

Enterprises around the world are facing a unique challenge when it comes to financial reporting: the need for quick and accurate financial statements that adhere to the necessary reporting obligations. Unfortunately, many organizations rely on a mix of multiple reports to gather the data they need, often struggling to analyze and explain the data. This leads to a lack of transparency and inefficiency in financial reporting. This is where the Oracle Fusion Financial Reporting solution comes in.

With Oracle Fusion cloud ERP, you can have all the necessary financial information in one place, making the preparation and review process of financial reporting a breeze. Join the world of streamlined financial reporting with Orbit GL Sense, an Oracle Fusion Financial Reporting solution. Discover how it can help you overcome the challenges of manual financial reporting and transform your business operations.

Simplify your Oracle Fusion Financial Reporting for Oracle Fusion Cloud and Oracle EBS

Oracle Fusion Cloud ERP and Oracle E-Business Suite Financial Reporting can be a complex process when trying to create financial statements in Excel. Fortunately, with the help of GLSense, this process can be simplified and streamlined. 

GLSense is designed to provide insightful financial data right into Microsoft Excel, making it easier for business users to build financial statements and update all General Ledger (GL) balances. With GLSense, business users can analyze layers of details by drilling into balances, journals, and sub-ledger details. It also provides a variety of features to break through traditional financial analysis barriers associated with reporting. Data is pulled directly from the Oracle Fusion Cloud ERP, so users will have access to their balance data, chart of accounts, periods, DFFs and KFFs, custom hierarchies, and more. 

Overall, GLSense’s features and capabilities make it an invaluable tool for any user looking to simplify and automate their financial reporting in Excel without the help of IT. Moreover, it reduces the complexity of the process, cuts down time spent on reporting, and provides users with accurate and timely information.

Understanding GLSense

GLSense offers an integrated solution for companies seeking to streamline their financial reporting process. With GLSense, data retrieval is simplified through its compatibility with Oracle EBS and Oracle Finance Cloud, and the ability to automate month-end reporting. Sharing GLSense workbooks maintains consistency and simplifies account analysis by allowing users to drill down to journal and sub-ledger details, achieving uniformity across the organization. Additionally, scheduling, distribution, and bursting of reports optimize performance.

Why do you need GLSense? 

GLSense gives you the liberty to map your business goals and requirements to your overall finances. GLSense for Oracle Fusion Reporting provides a comprehensive, unified view of your organization’s financial performance. It offers powerful insights that help you drive effective business decisions and maximize financial performance.

• Ease of use: Generate quick financial reports with greater accuracy using existing data stored in Excel. Get direct access to Excel data with the capability possible to analyze the journal activity by creating charts, applying filters, and using conditional formatting.
• Automatic drill down to details: Gain an intuitive ability to drill down from balances to sub-ledger, ensuring seamless access to detailed financial data by eliminating the need for users to switch between applications.
• Multiple deployment options: With the availability of multiple deployment options, you can opt for a SaaS-based model, a private cloud, or even an on-premise deployment, depending on your organization’s current needs. The flexibility of GLSense allows you to adapt to your unique requirements and enables you to stay ahead of the competition.
• Unified financial reporting and analysis from Oracle Fusion Cloud ERP and legacy EBS: GLSense empowers you to consolidate data stored in multiple sources and eliminate the need for different tools, saving time and resources for finance teams. It also breaks data silos and creates a single source of truth (SSOT).
• Data governance: Get GLSense’s custom-built data security models that are tailored to meet the unique needs of your company. These models are designed to consider your company’s specific security policies, threat assessments, and other factors that are distinct to your organization.
• Data Security: As an Oracle Gold Partner, Orbit’s GLSense can also leverage the same data security setups as Oracle Cloud ERP. This integration with Oracle Fusion enables accurate reporting without technical knowledge, along with intuitive user authentication and data governance. 

How does GLSense work?

GLSense is a financial reporting module that is part of the Orbit Reporting + Analytics application. It comes with an Excel add-in for Financial Reporting. The tool extracts data from Oracle EBS, Fusion Cloud ERP, and NetSuite, which is then transferred to a Financial Cube. This cube includes all the necessary dimensions and facts related to financial balances. The GLSense architecture enables finance business users to access data from a single platform without leaving Excel. Business users can gain direct access to financial statements, conduct reconciliations, compare budgets vs actuals, and even drill down into sub-ledgers of ERP applications for more details.

Upgrade to GLSense for Simplified Financial Reporting and Maximized Performance

In conclusion, GLSense’s innovative features allow you to easily retrieve data from Oracle EBS and Oracle Finance Cloud, automate month-end reporting, and share workbooks to maintain consistency in reporting. With GLSense, you’ll gain powerful insights that will help you make effective business decisions and maximize financial performance.

But that’s not all! The tool also provides an automatic drill down to details, making it easy for you to analyze journal activity by creating charts, applying filters, and using conditional formatting without leaving your legacy reporting system. With GLSense, you’ll enjoy a streamlined financial reporting process that saves time, reduces complexity, and provides you with accurate and timely information. 

Don’t let manual financial reporting hold you back any longer. Get Demo Link

Watch GLSense for Oracle Fusion Financial Reporting in action