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Financial Reporting Software Solutions

Enterprise Financial Reporting Tools for 140+ ERPs (Oracle, SAP, D365, & More)

Eliminate manual downloads and easily transfer real-time data from your ERP into Excel. insightsoftware financial reporting software combines business data within a unified platform to seamlessly create custom reports that drive real value.

Capterra 4.5 star rating
4.5

Capabilities

Automate and Accelerate Your Financial Reporting

Real-time ReportingSelf-Service ReportingCommentary & NarrativeCollaboration & SharingFinancial DashboardsBI & OLAP CubesPower BI Integration

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

Aptean
Deltek
Dynamics
Epicor
Infor
MRI
Oracle
OracleNetsuite
Sage
SAP
ViewPoint
Yardi

Use Cases

Discover How Your Business Can Benefit From Our Financial Reporting Software

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

Efficient and Accurate Reporting

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

Harness the power of real-time data with unified financial reporting software. Integrate seamlessly with your data sources for up-to-date financial analysis, dynamic visualizations, and readily shareable reports and dashboards. insightsoftware drives data-driven decision-making and promotes financial transparency across your organization.
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Accounting Standards Compliance

Navigate regulatory complexities with confidence using insightsoftware’s financial reporting tools. 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.
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Collaboration and Workflow

Streamline financial reporting and foster seamless collaboration with insightsoftware’s powerful solutions. 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.
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See for yourself why 500K+ users are using insightsoftware to draw instant data insights, react swiftly to market changes, and outpace their competition

Roles & Industries

Who Needs Modern Financial Reporting Software for Their Business?

Financial reporting software is essential for finance professionals across different roles and industries looking to efficiently manage their financial data and processes.

Financial Reporting Webinars & Resources

Take a look at our upcoming and on-demand webinars packed with handy tips, best practices, and insights, brought to you by insightsoftware’s financial reporting experts.

  • Navigating 2024 Financial Trends & Transforming Reporting

    On-Demand Webinar

    Navigating 2024 Financial Trends & Transforming Reporting

    Watch Now
  • 3 Ways To Up Your Financial Reporting Game

    Whitepaper

    3 Ways To Up Your Financial Reporting Game

    Read More
  • Beyond BI: Simplify Financial Reporting and Increase ROI with CXO

    On-Demand Webinar

    Beyond BI: Simplify Financial Reporting and Increase ROI with CXO

    Watch Now

Financial Reporting FAQs

What is financial reporting?

Before we discuss how financial reporting can be improved to benefit your team, it’s important to align on its foundation. Financial reporting is the process that prepares and presents financial statements (income statements, balance sheets, cash flow statements, etc.) to stakeholders. This provides a clear and standardized view of an organization’s financial health and performance so everyone is on the same page.

What is the objective of financial reporting?

The goal of financial reporting is primarily to communicate financial results and position accurately. However, there are other purposes for this process, such as ensuring compliance with accounting standards, facilitating more informed decision-making, and supporting strategic planning.

Why is financial reporting important?

Effective and streamlined financial reporting is absolutely critical to any modern enterprise because it directly shapes investor and creditor trust. It also enables legally required disclosures and helps identify trends and risks quickly. Our financial experts recommend using financial dashboards and built-in audit trails (via tools like Wands for Oracle and SAP, Jet Reports, and Hubble) to bolster transparency, regulatory compliance, and cross-functional collaboration for a competitive edge.

What is financial reporting software?

So now that we understand financial reporting, how do software tools fit into this? While most ERPs have pre-built financial reports and native report-writing tools, these are often too rigid for finance teams to quickly adjust and update themselves. Despite this, every organization will need to customize the templates to fit their unique organization’s structure and operations. Therefore, many businesses turn to purpose-built financial reporting software. These tools automate pulling financial data, understand your ERP’s data structures, account for the ins and outs of financial models, and can access live data without requiring technical know-how or IT support. Financial reporting software like Wands for Oracle and Wands for SAP puts finance teams in control of their reporting, enabling them to create refreshable, custom dashboards. This saves time and ensures consistent, accurate results while providing insights into the organization’s financial health and performance.

What are financial reporting standards?

When it comes to financial reporting, companies are subject to standards and laws like GAAP and IFRS. These standards define rules for how transactions need to be recorded, how presentations should be formatted, what measurement methods can be used, and more. This is crucial for financial teams to understand and accommodate in their reporting to ensure clarity, comparability, and legal compliance. Because of this, financial reporting software needs to have compliance checks, audit trails, and adherent reporting templates that support these standards.

What are the benefits of financial reporting for businesses?

Improving your organization’s financial reporting with tools like Wands and Jet Reports results in:
  • Shortened reporting and close cycle time (by up to 40%)
  • Reduced costs via automated workflows
  • Improved accuracy and error mitigation
  • Better decision-making via real-time insights and forecasts
  • Enhanced collaboration through centralized and shareable reporting

What are key features to look for in financial reporting software?

When considering financial reporting software, look for key features like:
  • 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 wizards and guides for your specific 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.

How can I write a financial report?

We recommend starting by defining the report’s purpose and audience to get a framework for what data will be relevant. From there, gather your ERP, GL, and other data, cleaning them and transforming the information into standardized formats. Next, you can perform variance/ratio analysis, add commentary to trends, and start formatting the data with clear charts and tables. Once the report is ready, make sure to review for accuracy and distribute to the relevant stakeholders. Instead of doing all of this manually, insightsoftware platforms streamline the process with pre-built templates, Excel-native interfaces and embeddings, interactive visuals, drag-and-drop creation, and automated distribution. Our tools help finance teams write and build financial reports in no time, creating stunning and engaging charts that save hours of headaches at the same time.

How can I make a financial report in Excel?

While you can set up basic, static reports in Excel, it’s difficult to create Excel-based reports that update with real-time data and interactive elements. Thankfully, insightsoftware offers a number of different Excel add-ins to extend your financial reporting capabilities from within the familiar spreadsheet interface. Jet Reports, Spreadsheet Server, Atlas, Wands for Oracle, and Wands for SAP are all financial reporting tools that connect to different ERP systems and enhance your reporting capabilities right in Excel. They make it easy to quickly create and customize financial reports that maintain current data from your various warehouses, systems, and other data sources.

How can I automate financial reporting?

The best way to automate financial reporting is to incorporate direct integrations with your ERP. This enables you to build refreshable reports and dashboards with scheduled chart generation and distribution. The same insightsoftware platforms we mentioned above (Jet Reports, Spreadsheet Server, Atlas, and Wands for Oracle/SAP) help automate these processes, with the assistance of other tools like Jet Analytics (data warehouse automation) and CXO (executive dashboards). Our suite of financial reporting software makes it easy to automate your processes and deliver higher-quality insights in no time.

Can financial reporting software handle multi-currency and multi-company operations?

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.

Who delivers the best financial reporting software for the accounting sector?

Some of the most popular financial reporting vendors include Workday, SAP, and Oracle. However, these systems (along with other financial reporting options on the market) often fall short when it comes to ease of use and flexibility. This is precisely what helps insightsoftware deliver the best financial reporting software for enterprise accounting teams. Our platforms offer finance-owned tools, Excel-native experiences, rapid setup and deployment, and compatibility with more than 140 ERPs.

What sets insightsoftware financial reporting solutions apart from other options?

insightsoftware financial reporting software stands out from other tools because of our combination of functionality and ease of use. Pre-built ERP connectivity shortens time to value, while our Excel-native solutions mean your team doesn’t need to learn a new interface. This isn’t at the cost of reporting features, though, with real-time drillable dashboards and compliance-ready traceability for governance. insightsoftware platforms also use cutting-edge automation to refresh, consolidate, and distribute reports, all within an intuitive, user-friendly interface to reduce IT reliance.