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In the ever-evolving landscape of finance, accurate and real-time data plays a vital role in generating financial statements and reports. Microsoft Excel has long been a trusted tool for finance professionals, but it has limitations that can result in errors when handling formulas or reconciling data from different systems. Consequently, the absence of robust data governance often compels finance users rely on IT for data validation which results in delay especially during period closures, Financial Statements Generator (FSG) or publishing financial statements/ reports. To address these challenges, organizations now require comprehensive data governance at every stage, with a focus on establishing a single source of truth for financial reporting.
Introducing Cloud Financial Reporting Solution:
Orbit’s GLSense Cloud Financial Reporting solution, compatible with Oracle Fusion and Oracle EBS, empowers authorized finance users with direct access to financial data from various sources within Excel. By eliminating the need for manual data validation and formatting, this self-service reporting and analysis tool allows finance professionals to concentrate on interpreting the numbers and making informed decisions. With GLSense Cloud Financial Reporting, you can achieve accurate and real-time financial reporting.
Real-Time Reporting:
In addition to the advantages offered by SaaS solutions, GLSense provides a unique and cost-effective offering that simplifies the lives of multiple stakeholders within the finance team. It enables finance users to access real-time data from Cloud ERP suites like Oracle Fusion, on-premises/ cloud-deployed ERPs such as Oracle EBS, as well as hybrid models that utilize MS Excel, all while maintaining the security protocols of the source systems. With GLSense, you can harness the power of real-time data from your ERP systems, enhancing decision-making and agility in financial reporting.
Unified Reporting Capabilities:
With GLSense’ Unified Reporting capability, you can retrieve balances simultaneously from both Oracle EBS and Oracle Fusion. By seamlessly integrating data from multiple sources, GLSense ensures comprehensive and holistic financial reporting.
Support for Multiple Data Sources:
In addition to Oracle Database, GLSense can also be connected to robust and cost-efficient databases such as MySQL, and MSSQL. The solution allows users to drill down from balance details to the sub-ledger level, giving access to highly accurate and real-time data at a granular level. This feature facilitates faster period closures and FSG report generation, including Trial Balances and Balance Sheets, all while adhering to enhanced data governance principles. Additionally, GLSense enables the creation of report templates, eliminating redundancy and saving users valuable time that can be better spent analyzing real-time financial data.
Empower Finance Users with Cloud Financial Reporting Solution:
By embracing enhanced data governance practices, providing real-time access to data from multiple databases, and facilitating a unified reporting solution, our GLSense Cloud Financial Reporting solution becomes an indispensable tool for finance professionals. With GLSense’ innovative features, you can streamline financial reporting processes, ensure data accuracy, and empower finance users to focus on meaningful analysis and decision-making.
Schedule a demo with our experienced professionals and discover the seamless integration capabilities of GLSense into your system. Explore the remarkable efficiency of accessing data from multiple sources through a single, comprehensive tool.
Author: Dinakar Velamuri, Associate Director – Implementations.
