XLReporting’s vision on AI: transparency, insight and collaboration

Edgar de Wit

AI in XLReporting accelerates processes, strengthens the finance function, and helps organisations reach strategic insight faster. At XLReporting, we see AI as a smart, transparent sidekick that supports financial professionals, never replaces them. No black box, but clear calculations you can follow and verify.

How AI fits our mission

Reporting, consolidation and budgeting often take significant time due to manual work and data corrections. The less time you spend on manual tasks, the more room there is for strategy, insight and direction.

AI helps remove those barriers by:

• converting, translating and matching data
• providing faster ad-hoc analyses and what-if insights
• acting as a thinking partner, enabling teams to work more independently

AI in XLReporting: practical examples

AI Assistant

Ask your question in natural language and instantly navigate to information, models or settings.

Smart analysis function: insight with explanation

Recognises trends, anomalies and patterns, and shows exactly why something stands out, including source data and calculations.

Data support: cleaner, better-matched data

Automatically mapping accounts, classifying information and improving data consistency across systems.

Scenario planning: what-if insights in seconds

Calculate scenarios with transparent parameters you control yourself. No black-box predictions, but well-founded insights.

Xavier – Help assistant in ChatGPT

Xavier is the new AI-powered support assistant for XLReporting, available directly inside ChatGPT. He uses the same knowledge base as our Help Assistant but with one major advantage: full conversation. You can ask follow-up questions, stay in context and receive step-by-step guidance without searching through documentation.

Examples of questions:

• “How do I create an import definition?”
• “Explain how to build a variance dashboard.”

Xavier provides clear instructions, points you to the right settings, and helps you move forward quickly.

See our AI features (including Xavier!) in action here

Privacy and Security

AI processes data separately, stores it for a maximum of 30 days for abuse detection, and is not used to train AI models.

Access Control

Only users with the appropriate permission (“Run AI assistants”) can use AI features. Administrators can configure access rights per role.

See AI in action on XLReporting

Want to learn more? Explore the XLReporting AI Assistants.

Our philosophy

AI should support, not decide. Financial professionals must be able to follow how numbers are generated. That way, control is preserved and there is room for better-grounded decisions.