XRL - Accessing Opera II Data Within Excel

Opera II XRL is an intuitive addition to the capabilities of Microsoft Excel. It provides powerful and flexible access to the financial information held within Opera II. With its flexibility, ease of use and drilldown capabilities, Opera II XRL delivers fast and accurate information, providing enhanced analytical power, assisting the decision-making process.

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Business Reporting - Excelling with Excel
"One of the main problems with accounting software was that the reports, when printed, were often of poor quality. This led to accounts people transferring the data from the accounting software to Excel. This takes time and can lead to mistakes. XRL links the software to Excel. As a result a significant amount of time is saved on data entry and checking. There is also only one source of data. We have halved the time it takes to produce the Monthly Management Accounts as a result of XRL." Conor Murphy, Financial Controller, Hanley Controls; Opera II XRL User

Business reporting has come a long way, but isn’t it time to move ownership away from the company whiz-kid, or if you’re fortunate enough to have one, the IT Department? What if control could be given back to where it belongs, in the hands of the person producing the report? But before you dig out your old programming manual, read on, the answer may be closer than you think.

Microsoft Excel is the de facto language of business planning, reporting and analysis. For over a quarter of a century financial managers have relied on spreadsheets to number crunch, analyse and forecast. Excel is the tool of choice for good reasons – familiarity, accessibility, functionality and usability. No other reporting solution can match Excel’s ability to format, enrich and enhance the look and feel of reports, budgets, plans and forecasts. There are solutions today that ‘integrate’ with Excel, but in reality this varies from data extraction to re-keying. This is still time consuming and problematic; a breeding ground for errors and inaccuracies. Yet the answer seems simple, you need a reporting tool that leverages the benefits of Excel with accessibility to your business data; one that overcomes the limitations, dynamically refreshes the data and allows you to select the data you want in plain English. Once you have the data you need, you want to be able to refine and present it, making full use of Excel capabilities: formatting, charts and graphs.

Bin the Programming Manual
Imagine, all this, even to the extent of putting Cube Analysis (the ability to turn and view data from different aspects at the click of a button) within the grasp of the non-technical user. What would be the impact on your company? How many days, or even weeks, could be saved each month in preparing reports when the effort of preparing them once can be offset by updating them the following month with the click of a button?

Once the problems associated with making the data available in the most efficient manner are eliminated, making use of Excel is a logical choice. Thanks to solutions like Opera II XRL, all this is achievable today.

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