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Capabilities

Automate and Accelerate Your Financial Reporting

Embrace modern, automated solutions that enable fast, accurate financial reporting. Our financial reporting software solutions connect data from multiple systems, allowing you to effortlessly create and distribute reports with accurate, real-time data without the need for hard coding or programming skills.

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We Connect to 200+ ERPs/EPMs

What is the Best Financial Reporting Software for Your ERP System?

Use Cases

Discover How Your Business Can Benefit From Financial Reporting

Gain a powerful edge in managing your finances with versatile financial reporting tools. Empower yourself to make data-driven decisions, uncover key trends, and optimize your financial health.

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Boost efficiency and accuracy in your financial reporting with automated software. Effortlessly generate financial statements while minimizing human error, and build trust across your organization with comprehensive, data-driven reports compiled from diverse sources.

Harness the power of real-time data with automated reporting software. Integrate seamlessly with your data sources for up-to-date financial analysis, dynamic visualizations, and readily shareable reports and dashboards. Drive data-driven decision-making and promote financial transparency across your organization.

Navigate regulatory complexities with confidence using automated financial reporting software. Built-in templates, predefined formats, and automatic calculations ensure your reports adhere to the latest GAAP, IFRS, and regional standards, minimizing errors and reducing business risk.

Streamline financial reporting and foster seamless collaboration with automated software. Centralize your reporting process, manage user permissions, track changes with version control, and automate workflows – empowering your team with the right information at the right time.

See for yourself why over 500K+ users are using insightsoftware to draw instant data insights, react swiftly to market changes, and outpace their competition

1/2

the Reporting Time

Jennifer Carman Director of Operations

Because we’ve added Spreadsheet Server, we’ve reduced the number of actual reports we run in MRI. We’ve cut out probably five to six reports that we used to run as additional backup because it’s all pulling from Spreadsheet Server. We no longer need the backup.

1 Week Saved

in Management Reporting Process

Rodney Tillinghast Corporate Controller

“Because of easy access to the targeted transactional data like indirect cost allocations, plus support for quality checks and high level reviews, GL Wand has taken up to a week out of our management reporting process.”

3 Days

Eliminated from Month-End Reporting

Monja van Zyl Financial Manager

“Previously, month-end reporting would take up to five days to prepare. Now it is sorted out in around two days. That’s a fantastic boost to productivity.”

Roles & Industries

Who Needs Modern Financial Reporting Software for Their Business?

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CFO

Empower CFOs to become strategic leaders with automated financial reporting software. By automating tasks, enhancing reporting, safeguarding compliance, informing decisions, fostering collaboration, and guaranteeing data security, this software empowers CFOs to guide their organizations towards financial prosperity.

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Financial Controller

Elevate your financial control with powerful reporting software. Streamline workflows, empower your team for enhanced efficiency and accuracy, ensure seamless compliance, and gain data-driven insights to optimize financial management.

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Financial Analyst

Unlock the power of real-time data with financial reporting software. Enable financial analysts to seamlessly access, analyze, and visualize critical information, transforming data into strategic insights that drive informed decision-making.

Business Professional Services

Professional Services

Professional services companies can efficiently track and manage financial performance and operations using financial reporting software. They can bill clients accurately and efficiently, monitor project performance and optimize resource allocation.

Consturction Services

Construction

Financial reporting software is a vital tool for finance teams in construction and engineering firms to help them manage and control the costs of complex projects. It helps track and control project costs to mitigate risks and ensure project success.

Education

Education

Education institutions use financial reporting software to manage their financial resources and operations more efficiently. They can report their financial performance to stakeholders while reliably planning and forecasting enrollment, fees, and scholarships.

Financial Services

Financial Services

Financial reporting software helps finance, banking, and insurance companies comply with complex and changing regulatory requirements. It enables them to manage financial risks by providing insight to help optimize resource allocation and analyze profitability.

Government

Government

Financial reporting software helps government finance professionals adhere to strict public sector accounting standards. It helps finance professionals manage public finances responsibly while improving transparency, accountability, and governance.

Healthcare

Healthcare

Financial reporting software helps finance professionals in healthcare react quickly and confidently within a complex and volatile environment. It provides visibility and control they need to monitor and improve and optimize financial outcomes.

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Manufacturing

Financial reporting software enables finance teams in manufacturing organizations to automate their financial processes. It delivers fast access to accurate, enhancing visibility and control over inventory, cost of goods sold, and gross margin to drive productivity.

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Nonprofits

Nonprofit finance teams must manage their diverse and often constrained funding sources quickly and efficiently. Financial reporting software allows them to demonstrate their compliance, stewardship, and accountability to donors, auditors, and regulators.

Pharmaceutical

Pharmaceutical

Pharmaceutical finance teams must comply with stringent and evolving regulatory standards. Financial reporting software enables them to measure and optimize the financial performance of their research and development, global operations, and supply chain.

Real Estate

Real Estate

Financial reporting software is an essential tool for real estate and property management firms to monitor and keep track of property performance and valuations, corporate accounts receivable, vendor history, tenant sales, bank reconciliations, and more.

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Retail

Financial reporting software enables finance teams in the retail sector to better manage their sales, inventory, expenses, and cash flow. It helps track and improve customers satisfaction, while supporting business strategies with timely data and analytics.

Utilities

Utilities

Using financial reporting software, finance teams in utility companies can adapt to rapidly changing market conditions. They can build comprehensive reports from base rates to infrastructure depreciation to quickly respond to requests for data.

Frequently Asked Questions

Most ERP (Enterprise Resource Planning) systems have pre-built financial reports and a native report-writing tool. However, every organization needs to customize the pre-built reports to fit the unique way that their organization is structured and operates. Native report-writing applications tend to be rigid and require too much technical knowledge to be useful for most finance teams.

The answer is to look for financial reporting software. This purpose-built software understands your ERP’s data structures, the ins and outs of financial data, and can access live data without requiring technical know-how or IT support. Software like this puts finance teams in control of their reporting, enabling them to create refreshable, custom reports, saving time and ensuring consistent, accurate results while providing insights into the financial health and performance of the organization.

When considering financial reporting software, key features to look for include the following:

  • Data integration: The software should seamlessly integrate with your ERP system to pull financial data from various modules and departments.
  • Pre-built templates and business views: The software should offer ERPsmarts for your ERP to help get your financial reporting up and running faster and easier.
  • Customizable reporting: It should offer flexible report templates and the ability to create custom reports tailored to your business needs.
  • Drill-down functionality: The software should allow users to drill down into the underlying financial data for more detailed analysis.
  • Dashboards and visualizations: Visual representations, such as graphs and charts, can provide a clear overview of financial metrics and trends.
  • Security and access controls: Robust security features should be in place to protect sensitive financial data and limit access based on user roles.

Financial reporting software is designed to handle multi-currency and multi-company operations. It should be capable of consolidating financial data from multiple entities or subsidiaries, accommodating different currencies, and providing accurate reports in the desired currency. This functionality allows businesses operating internationally or with multiple entities to manage their financial reporting requirements effectively.

If your company has a more complex organizational structure, you will likely use a dedicated close and consolidate system to prepare your group accounts. Alongside this, you can use specialist financial reporting software, like CXO Software, to report your consolidated accounts efficiently and accurately.