CFOs and finance professionals want easy access to data from Oracle Fusion Cloud Financials in Excel. They need a 360° view of data from the general ledger to the supporting details in the sub-ledgers for generating reports and running analytics to make data-backed decisions. Most importantly, the data in Excel must be refreshable in real-time and the process of drilling down multiple levels must be seamless.

Simply put, finance teams need an Excel-based, Self-Service Reporting Solution for Oracle Fusion. If the solution can make user authentication, data governance, and data security seamless, it is the answer to the best Financial Reporting.

    Features and Benefits of Orbit’s AI powered GLSense

    The Tool for Faster Financial Reporting

    Orbit’s AI-powered GLSense is a purpose-built software that empowers finance users to report directly from Excel for faster and more efficient financial reporting. It also allows ad-hoc inquiries and drill-downs.

    Orbit’s AI-powered GLSense enables the automation of data aggregation from multiple data sources, thereby eliminating manual processes, which reduces human error. The accuracy of reports is critical for generating meaningful insights and making critical business decisions.

    With Orbit’s AI-powered GLSense, finance professionals can accelerate key processes by quickly accessing several pre-built, sub-ledger drill-down reports for modules such as Accounts Payable, Accounts Receivable, Fixed Assets, Inventory, Purchasing, and more. You can also analyze the journal activity by creating charts, applying filters, and using conditional formatting.

    The Best Alternative to GL Wand

    One tool that is popular with finance teams in the Oracle E-Business Suite world is GL Wand. However, when customers migrate to Oracle Fusion Cloud ERP, they look for an easy-to-use Excel Financial Reporting tool for real-time account analysis and the ability to create reports from legacy EBS data and Oracle Fusion Cloud ERP data – say past financial data in EBS and the latest year’s data in Oracle Fusion. AI-powered GLSense is the single platform from which this type of multi-year financial reporting can be generated for comparison, analysis, and decision-making.

    Client Story

    Encore, the global leader in event technology and production services, creates memorable experiences that transform organizations. Operating in over 20 countries, Encore’s team of innovators and expert deliver exceptional results through advanced technology, creative strategy, and comprehensive staging solutions for hybrid, virtual, and in-person events. With a vast network of industry experts and 2,200+ in-house venue locations, Encore ensures consistent service excellence regardless of the event location, producing 350,000 events annually.

    The implementation of Orbit AI powered GLSense transformed Encore’s financial reporting processes. Users experienced enhanced connectivity and efficiency, moving from a state of detachment to full integration with Oracle reporting. The improved functionality and rapid reporting capabilities empowered Encore to achieve greater accuracy and agility.

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    Drill Down to Details Automatically

    AI-powered GLSense offers an intuitive experience for complete drill-down from balances to sub-ledger. It also enables fast and easy distribution of financial reports without switching between applications.

    Legacy EBS and Fusion Cloud ERP Financial Reporting From The Same Tool

    With AI-powered GLSense, it is easy to break siloes and get a 360-degree view of data. Often, businesses struggle with the consolidation of data stored in multiple sources. Further, each team ends up using different tools for data transformation and processing – creating further siloes. Having one Excel Reporting tool for both EBS and Fusion saves time and resources for finance teams.

    Multiple Deployment Options: Saas, Private Cloud, or On-premise

    Depending on the current requirement of your organization, Orbit’s Financial Reporting Solution can be deployed in a SaaS-based model, private cloud, or even on-premise. The flexibility that Orbit offers can be a game-changer for your business.

    Use The Same Data Security Setups As Oracle Cloud ERP

    For accurate reporting with no technical knowledge, it is critical that the Financial Reporting tool seamlessly integrates with Oracle Fusion. As an Oracle Gold Partner, Orbit leverages the data dictionary in Oracle, and finance users do not have to worry about processes like combining rows and columns from multiple tables, querying, etc. The entire process of user authentication, data governance, and data security is intuitive with AI-powered GLSense.

    GLSense Reports

    Orbit GLSense Financial Analysis KPIs

    Sample Orbit Report that shows a company’s assets, liabilities, and shareholders’ equity at a specific point in time, providing a snapshot of its financial health.

    Sample Orbit Report that shows Changes in Equity (or Statement of Retained Earnings)  over a specific period. This report helps stakeholders understand how and why equity has changed over time, offering insights into the company’s reinvestment practices and dividend policies.

    IFRS Revenue Report shows revenues recognized according to the IFRS 15 standard, which outlines a consistent five-step model for recognizing revenue from contracts with customers based on fulfilling specific performance obligations.

    An Income Statement – Actuals vs. Budget Report helps comparing a company’s actual revenue and expenses to its budgeted projections, helping to assess performance and identify variances.

    An Income Statement – Month by Month financial report shows a company’s revenues, expenses, and net income for each month within a period, allowing for a detailed analysis of monthly financial performance trends.

    A Cash Flow Statement is a financial report that summarizes the cash inflows and outflows from operating, investing, and financing activities over a period, showing how cash is generated and used by a company

    A Trial Balance is a report that lists all the balances of a company’s general ledger accounts at a specific point in time, ensuring that total debits equal total credits as a check for accuracy in the accounting records.

    Real-Time Reporting and Analytics from Oracle ERP and 200+ Other Data Sources