GL Wand’s new FSG Converter helps organizations quickly transform Oracle reports into an easy-to-use Excel format

ORACLE OpenWorld, San Francisco, CA, October 12, 2009 – Excel4apps, a provider of best-in-class Excel based reporting and budgeting software for Oracle users, 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 Excel format. Within minutes, GL Wand’s FSG Converter transforms Oracle FSG reports into a formatted, refreshable and drillable Excel based report 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 then easily refresh and edit the former FSG reports without the need for SQL coding and other information technology (IT) support, enabling a more productive organization.”

The FSG Converter feature quickly extracts and transfers Oracle FSG row and column set definitions into an Excel spreadsheet. Sophisticated drill-down capabilities within GL Wand 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 GL Wand users, such as Alliance Coal.

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

Coop also commented on GL Wand’s ability to convert the most complex of reports, such as Alliance Coals’ 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 complex SQL code to download the row and column set information and merge multiple cells using complex Excel formulas --- a very time consuming process. We appreciate how Excel4apps is continually adding new functionality like the FSG Converter to GL Wand so we spend time analyzing data rather than formatting it.”

About Excel4apps

Excel4apps is a provider of best-in-class Excel based reporting and budgeting software for Oracle users. Its award winning GL Wand and Budget Wand products help Oracle financial professionals save time by delivering accurate and secure information in the familiar Excel environment. The company serves a broad range of industries, including financial services, education, utilities, insurance, hospitality, manufacturing and engineering. All products are available for immediate download and free trial, installing in minutes with no data warehouse and no additional hardware, setup or security configuration needed. Excel4apps maintains offices in the United States, United Kingdom, Australia, United Arab Emirates and South Africa. More information is available at www.excel4apps.com.