Excel4apps Releases GL Wand 3.90 for Oracle Users

Excel4apps, a provider of
best-in-class Excel-based reporting and budgeting software for Oracle users and member of the Oracle PartnerNetwork, today
announced the release of GL Wand 3.90. The upgrade includes a feature for fast
conversion of reports from Oracle’s Financial Statement Generator (FSG) into a
familiar Microsoft Excel format. Within minutes, GL Wand’s FSG Converter
transforms an Oracle FSG report into a formatted, refreshable and drillable
Excel spreadsheet that accesses live financial data through GL Wand’s tight
integration with Oracle.

"The FSG Converter allows companies that have invested in customized FSG
reports to convert them to Excel with minimal effort for future manipulation in
GL Wand," said Chris Meyer, Director Americas for Excel4apps. "Because
accountants and financial analysts are working with GL Wand’s Excel front end,
they can easily edit the former FSG reports without the need for SQL coding and
other information technology support, enabling a more productive
organization."

The FSG Converter feature quickly extracts and transfers Oracle FSG row and
column set definitions into Excel. GL Wand’s sophisticated drill-down
capabilities allow users to view live Oracle data at the journal and sub-ledger
levels, as well as see multiple transactions at once. This flexibility has
improved productivity for users like Alliance Coal.

"GL Wand’s FSG layout of Excel files is easy to work with and provides a
great guideline for converting FSG reports, which now takes hours instead of
days," said Steve Coop, Corporate Finance and Planning Manager for Alliance
Coal. "For reporting and account reconciliations, we find GL Wand a must have
tool."

Coop also commented on GL Wand’s ability to convert complex reports, such as
Alliance Coal’s cash flow statement, which includes multiple budget-to actual
comparisons.

"With the FSG Converter, we quickly converted the cash flow statement and
released the report in just over one day," described Steve Coop. "Previously, we
had to create SQL code to download row and column information and merge multiple
cells using complicated Excel formulas – a time intensive process. We appreciate
how Excel4apps continually adds new GL Wand functionality like the FSG Converter
so we can spend time analyzing data rather than formatting it."

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