Reinventing Excel for Financial Reporting: A Smarter Way to Work with Oracle Data
Why Excel remains essential?
Excel continues to be the finance team’s tool of choice. It is fast, familiar, and flexible, offering immediate access to data and built-in analytical functionality. However, traditional Excel approaches often result in static reports, manual updates, high error rates, and slow delivery. These issues become critical when decision makers demand real-time visibility into financial performance.
Challenges in Oracle environments
In Oracle EBS and Fusion Cloud environments, reporting becomes a bottleneck. Finance teams rely on manual report creation, suffer from limited drill-down capabilities, navigate complex security permissions, and depend heavily on IT for updates. Exporting files and distributing them by email only delays insight further and increases the risk of outdated information.
Transforming Excel into a dynamic reporting engine
Imagine Excel reports that connect directly to live Oracle data, refresh with a single click, support drill-down to transaction-level detail, and distribute themselves automatically. With this approach, finance teams can achieve speed, accuracy, and independence-all within the familiar Excel interface.
Introducing GL Connect
GL Connect is a reporting engine designed for finance users working with Oracle General Ledger. It integrates Oracle data into Excel without requiring IT intervention. Core features include
· Live data refresh capabilities in Excel
· Instant drill-down from summary figures to detailed transactions
· Oracle-compatible role-based security with audit trails
· Automated scheduling and report distribution
· No programming required
During live demos, users could build dynamic profit and loss statements, drill into transaction details, refresh large reports instantly, and configure automated report delivery-without waiting for IT assistance or manually reformatting outputs.
Measurable benefits
Organizations that use GL Connect report
· Hundreds of hours saved in report preparation and reconciliation
· Fewer IT dependencies and faster response times
· Real time insights that drive better decisions
· Shorter months end close cycles and improve daily reporting
Security and scalability by design
GL Connect leverages Oracle’s native security model to ensure automatic user provisioning based on roles, secure access, and comprehensive audit logging. GL Connect also supports advanced reporting needs such as
· Customized Excel dashboards
· Multi-entity consolidation and currency handling
· KPI trend analysis and forecast modelling
· Interactive reporting tools for finance and nonfinance stakeholders
Book a demo today with one of our experts