Reporting Intelligence
Spreadsheet Server is easy to install and delivers fast time to value. It automates custom reports with drill-down to transactional data.
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.
Financial Reporting Tools & Platforms
Find the Best Financial Reporting Software for Your ERP
insightsoftware offers a range of financial reporting tools designed to work with your ERP system. Discover a flexible solution that meets your needs and surpasses expectations.
Bridge SAP to Excel with automation & insights
insightsoftware Financial Optimization for SAP bridges the SAP to Excel gap with user friendly process automation, data validation, and deeper insights.
Deeper insights from Oracle ERP data
insightsoftware Reporting for Oracle offers deeper insights from Oracle ERP data with pre-built views and self-serve reporting in Excel, Web, or Power BI.
Web reporting for JD Edwards & EBS
Hubble shrinks close processes by up to 50% with real-time reporting, automated report distribution, and transaction drill-down capabilities.
Excel reporting for oracle EBS
Wands for Oracle has integrated ERPsmarts that understand your users, responsibilities, security, FlrexFields, full chart of accounts, and drill-down paths.
Excel Reporting for Dynamics AX/F&SCM
Atlas is an easy-to-use financial reporting solution with out-of-the-box templates to get you up and running immediately or customize to your needs.
Excel Reporting for ECC and S/4HANA
Wands for SAP delivers custom, refreshable, and drillable reports in minutes, with deep, built-in. SAP knowledge and financial intelligence.
Web Reporting & Dashboards for EPM
CXO offers web-based reporting for OLAP cubes. Connectivity with all market leading EPM solutions, enables users to create digital reports and dashboards.
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.
We Connect to 200+ ERPs/EPMs
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
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.
Data Analysis and Visualization
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.
Accounting Standards Compliance
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.
Collaboration and Workflow
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.
See for yourself why 500K+ users are using insightsoftware to draw instant data insights, react swiftly to market changes, and outpace their competition
1/2
the Reporting Time
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…
1 Week Saved
in Management Reporting Process
“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…
3 Days
Eliminated from Month-End Reporting
“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…
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.
CFOs
Empower CFO decision-making with automated financial reporting software. By streamlining tasks, enhancing reporting, safeguarding compliance, informing decisions, fostering collaboration, and guaranteeing data security, our software helps CFOs guide their organizations towards financial prosperity.
Financial Controllers
Elevate your financial control with powerful reporting software. Automate workflows, empower your team for enhanced efficiency and accuracy, ensure seamless compliance, and gain data-driven insights to optimize financial management.
Financial Analysts
Unlock the power of real-time data with our financial reporting software. Enable financial analysts to seamlessly access, assess, and visualize critical information, quickly transforming data into strategic insights that drive informed decision-making.
Financial Reporting Tools for Professional Services
Professional services companies can efficiently track and manage performance and operations using financial reporting software. Our tools allow them to bill clients accurately and efficiently, monitor project performance, and optimize resource allocation.
Financial Reporting Tools for Construction
Financial reporting software is a vital tool for teams in construction and engineering firms. insightsoftware solutions help them manage and control the costs of complex projects, tracking project expenses to mitigate risks and ensure project success.
Financial Reporting Tools for Education
Educational institutions use our financial reporting software to manage their resources and operations more efficiently. They can report their financial performance to stakeholders while reliably planning and forecasting enrollment, fees, and scholarships.
Financial Reporting Tools for Financial Services
Financial reporting software helps finance, banking, and insurance companies comply with complex and changing regulatory requirements. Our solutions enable them to manage financial risks by providing insight to help optimize resource allocation and analyze profitability.
Financial Reporting Tools for Government
Financial reporting software helps government finance professionals adhere to strict public sector accounting standards. insightsoftware helps these professionals manage public finances responsibly while improving transparency, accountability, and governance.
Financial Reporting Tools for Healthcare
insightsoftware financial reporting solutions help finance professionals in healthcare react quickly and confidently within this complex and volatile environment. Our tools provide the visibility and control they need to monitor, improve, and optimize financial outcomes.
Financial Reporting Tools for Manufacturing
Effective financial reporting enables finance teams in manufacturing organizations to automate their processes. This delivers fast access to accurate information, enhancing visibility and control over inventory, cost of goods sold, and gross margin to drive productivity.
Financial Reporting Tools for Nonprofits
Nonprofit finance teams must manage diverse and often constrained funding sources quickly and efficiently. Financial reporting software like ours allows them to demonstrate compliance, stewardship, and accountability to donors, auditors, and regulators.
Financial Reporting Tools for Pharmaceutical
Pharmaceutical finance teams need to comply with stringent and evolving regulatory standards. Our financial reporting software enables them to measure and optimize the financial performance of their research and development, global operations, and supply chain.
Financial Reporting Tools for Real Estate
Financial reporting software is an essential tool for real estate and property management firms. It helps them monitor and keep track of portfolio performance and valuations, corporate accounts receivable, vendor history, tenant sales, bank reconciliations, and more.
Financial Reporting Tools for Retail
Financial reporting software enables finance teams in the retail sector to better manage their sales, inventory, expenses, and cash flow. Our solutions help track and improve customer satisfaction, while supporting business strategies with timely data and analytics.
Financial Reporting Tools for Utilities
Using financial reporting software, finance teams in utility companies can adapt to rapidly changing market conditions. These tools allow them to build comprehensive reports from base rates to infrastructure depreciation, so they can quickly respond to requests for data.
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.
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.