Excel Based Financial Planning Software for FP&A Teams | GLConnect by SplashBI
Struggling with slow, manual workflows in traditional excel based financial planning software? Not anymore.
GLConnect is an advanced excel-based financial planning software that integrates seamlessly with Oracle EBS and Oracle Cloud. It pulls GL balances directly into Excel, allowing finance teams to generate reports in a familiar environment. GLConnect goes further to ease the lives of financial planning teams by supporting real-time and near real-time financial insights for enhanced decision making. It empowers finance teams to develop accurate budgets, forecasts, and strategic plans without leaving the familiar Excel environment.
The intuitive interface simplifies everything from financial planning excel sheets to in-depth analysis, making it the perfect FP&A software solution for Excel users looking to optimize their financial planning processes.
Why Fortune 500 Companies Choose GLConnect as a Preferred Excel Based Financial Planning Software
GLConnect is the go-to Excel based financial planning software for Fortune 500 companies that are seeking to streamline their FP&A workflows and reporting. It is designed to maximize team efficiency and reporting accuracy. GLConnect empowers FP&A teams to utilize near real-time financial data across Oracle Fusion Cloud ERP and EBS, create custom reports without IT dependence, and make informed decisions. All within Excel!
Here’s why leading enterprises rely on GLConnect as a preferred excel based financial planning sofware:
ERP Integration for Near Real-Time Data
Direct Connection to Oracle Fusion Cloud ERP & EBS
Access accurate, near real-time financial data without delays.
No Manual Uploads or CSV Imports
GLConnect makes manual data uploads a thing of the past. It enables data sync directly from your ERP to Excel, saving time and eliminating errors.
Familiar Excel Interface
Leverage Existing Excel Skills of Finance Teams
No need for extensive training. Finance teams can continue to work within the familiar Excel environment. Familiar interface, more productivity!
Advanced Excel Features Made Simple
Use Excel’s powerful functions with GLConnect’s enhanced capabilities, including pivot tables, charts, and conditional formatting.
Custom Reporting and Drilldowns
Build Custom Reports Without IT Support
Design, generate, and customize financial reports directly in Excel, without waiting for IT intervention.
In-Depth Drilldowns for Detailed Analysis
Dive into subledger details effortlessly to uncover financial insights and address anomalies quickly.
FP&A Software Solutions for Excel Users: Key Features of GLConnect
GLConnect offers a full suite of FP&A software solutions features for Excel users. It has transformed the way finance teams handle budgeting, forecasting, and financial reporting. Built to improve reporting accuracy and FP&A efficiency, GLConnect integrates with Excel with ease, ensuring that FP&A teams have all they need to make faster and better decisions.
Here’s a closer look at GLConnect’s FP&A features:
Planning, Budgeting, and Forecasting in Excel
Custom Hierarchies for Tailored Forecasting
Create and manage custom reporting structures directly in Excel to fit your organization’s unique needs.
Simplified Financial Statements and Variance Analysis
Generate financial statements with a single click and perform variance analysis to quickly identify performance gaps.
Advanced Reporting and Analysis
In-Depth Drilldowns for Subledger Analysis
Access granular details by drilling down into subledger entries without leaving Excel.
Drag-and-Drop Reporting Directly in Excel
Simplify report creation with a drag-and-drop interface, making it easy to analyze financial data from multiple angles.
Simplified Report Distribution
Bursting and Distribution for Fast Report Sharing:
Ease the distribution of financial reports to stakeholders securely and efficiently.
Compliance with Security Protocols for Data Access
Ensure that your financial data is protected with role-based access and secure sharing capabilities.
Why Use Excel Based Financial Planning Software for FP&A
For 3 decades now, Excel has remained a favourite tool for finance teams. Over 80% of finance professionals continue to use spreadsheets even after their organizations have invested in other business performance management software. This enduring reliance reveals the significant advantages of Excel-based financial planning software, particularly for Financial Planning and Analysis (FP&A) teams.
Familiarity and Accessibility
Proficiency Across Finance Teams
Most finance professionals are well-versed in Excel, minimizing the need for extensive training when adopting new tools.
Intuitive Interface
Excel's user-friendly design allows for quick adaptation, enabling teams to focus on analysis rather than learning new software.
Customization and Flexibility
Tailored Reporting
Excel's versatility permits the creation and modification of reports to meet specific organizational requirements.
Dynamic Financial Reportng
FP&A teams can develop complex financial reports and financial planning Excel sheets, facilitating comprehensive scenario analysis and forecasting.
Cost Efficiency
Leveraging Existing Investments
Utilizing Excel-based solutions capitalizes on current software investments, avoiding the substantial costs associated with implementing entirely new systems.
Reduced Training Expenses
The widespread familiarity with Excel among finance professionals leads to lower training costs and faster implementation.
Integration Capabilities
Seamless ERP Connectivity
Excel-based financial planning software can directly link to Enterprise Resource Planning (ERP) systems, providing real-time data access and ensuring synchronization across platforms.
Enhanced Data Accuracy
Direct integration minimizes manual data entry, reducing errors and enhancing the reliability of financial reports.
GLConnect vs. Other FP&A Software Solutions for Excel Users
| Comparison Points | GLConnect: Excel-Based Financial Planning Software | Other FP&A Software Solutions |
|---|---|---|
| Ease of Use | Familiar Excel Interface: Leverages existing Excel skills, minimizing training time. | Steep Learning Curves: Requires extensive training to master new software interfaces. |
| Integration | Real-Time ERP Connections: Direct links to Oracle Fusion Cloud ERP & EBS for live data. | Manual Data Uploads: Often relies on CSV imports and manual data integration. |
| Customization | Flexible Report Building: Create custom reports and drilldowns directly in Excel. | Fixed Templates: Limited customization with pre-defined reporting formats. |
| Cost | Cost-Effective for Excel Users: Leverages existing Excel licenses, reducing additional costs. | High-Cost Standalone Solutions: Requires investment in new software and licenses. |
FAQs About Excel-Based Financial Planning Software
What type of software is most useful in financial planning and calculation?
Excel based financial planning software like GLConnect by SplashBI is among the most effective for financial planning and calculation. It combines the familiarity of Excel with advanced FP&A capabilities, allowing finance teams to perform budgeting, forecasting, and in-depth analysis effortlessly.
Unlike standalone FP&A software that often has a steep learning curve, GLConnect enables teams to leverage their existing Excel skills while accessing real-time data directly from ERP systems.
Is Excel a financial management system?
Excel alone is not a full-fledged financial management system, GLConnect transforms Excel into a powerful FP&A software solution. By integrating directly with Oracle Fusion Cloud ERP & EBS, GLConnect expands Excel’s capabilities to include seamless financial reporting, scenario planning, and comprehensive data analysis. This makes it possible to manage financial planning, analysis, and reporting tasks efficiently within the Excel environment.
The Best Excel-Based Financial Planning Software for FP&A Teams
GLConnect by SplashBI is the ultimate Excel based financial planning software for FP&A teams seeking to streamline financial planning, budgeting, and reporting processes. By combining the familiarity of Excel with near real-time ERP integration and advanced drill down capabilities, GLConnect empowers finance professionals to make faster, data-driven decisions without the steep learning curve of traditional FP&A tools.
With seamless connections to Oracle Fusion Cloud ERP & EBS, GLConnect eliminates manual data uploads and ensures accuracy across all financial reports. Its user-friendly interface allows teams to build custom reports, perform in-depth analysis, and simplify report distribution directly within Excel. This unique blend of familiarity and innovation makes GLConnect an indispensable software for modern FP&A teams.
