Frequently Asked Questions

Are you interested, but you have questions? Below we have listed the most common questions for you.

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What is XLReporting?

XLReporting is a Lean Corporate Performance Management (CPM) platform for financial reporting, forecasting, and consolidation. It helps organizations bring together, analyze, and convert data from different sources into reliable reports and plans.

Who is XLReporting for?

XLReporting is designed for financial professionals (controllers, CFOs, and finance teams) who want to gain more control over their figures and spend less time on manual processes.

What makes XLReporting different from Excel or Power BI?

XLReporting combines the flexibility of Excel with the reliability and automation of a professional application. Unlike Excel, it is data-driven, controlled, and multi-user. And unlike Power BI, it focuses on planning and consolidation, not just visualization.

Can I create my own reports and dashboards?

Yes. XLReporting offers a drag-and-drop editor that allows you to create your own reports, charts, and dashboards.

Does XLReporting support consolidation of multiple entities?

Yes. The platform supports complex group structures with multiple levels of ownership, currencies, and eliminations.

Can I create budgets and forecasts in XLReporting?

Yes. Each entity can enter its own budgets and forecasts, which are automatically consolidated according to the same logic as the actual figures.

Can I use my own currency for reporting?

Yes. You can specify the reporting currency and the exchange rates used per entity. Upon consolidation, all values are automatically converted to the group currency, while you can still consult the original currency locally.

Does XLReporting support scenario planning and what-if analyses?

Absolutely. With features like SCENARIO (for scenario-based forecasts, e.g., optimistic, realistic, pessimistic) and ROLLING (for continuous forecasts), you can easily test variations and compare the outcomes across multiple scenarios. It all depends on your requirements, but most financial configurations fit within 10-20 reports. You can always purchase additional reports.

How many users can I assign, and do they cost extra?

You can create an unlimited number of users and roles free of charge.

Can I set permissions per user?

Yes. With Role-Based Access Control, you determine exactly which data and reports a user can view or edit.

Is my data safe?

We take care of the hosting for you in highly secure data centers across the world with continuous backups.

Who owns my data?

You do. Simple as that. We will never access or use your data, or retain it after you have closed your account. You can export all your data in XLReporting, should you decide to close your account.

Is your system secure?

We take security and data protection very seriously. All your data is encrypted. Learn more about our security.

Is an online system fast enough?

Our servers are hosted in superior data centers across the world, which ensures that you will have fast response times and you always have access to your information.

What type of data can I store?

XLReporting is fully configurable, and you can store any type of information. It can be financial data, but it can also be sales, purchase, logistics data etc. You can import data from multiple sources, and it can be detail data or aggregate data. However, we do not allow personally identifiable information (i.e. personal data about individuals) to be stored, unless explicitly agreed in a Data Processing Agreement.

How many reports do I need?

That all depends on your own requirements, but most financial configurations fit within 10-20 reports. You can always buy additional reports.

What are your terms and conditions?

You can read our terms here. When you sign up, you do agree to these terms.

What support do you offer?

Our online Support Center offers user documentation, and you can contact us at any time.

Can you help with my implementation?

Yes, we can. We offer setup plans and support by email and online chat. We can also configure complex imports or reports for you at an agreed service fee.

Can you help with my data?

People often try to work with poor source data. Let us take a look at your available data and advise the best ways, or even convert your data for you.

I don't have the time to set this up

We can do it for you. You can Book a Demo, so we can discuss your requirements in a webinar meeting, and agree the best approach with you.

What does AI do in XLReporting?

The AI Assistant helps you create datasets and reports. Suppose you want to set up a new reporting structure on top of your existing general ledger account structure. Our assistant analyzes your classifications and names, and then suggests and configures a new reporting format.

The AI analysis function generates automatic report summaries. For example: generate a consolidated report per cost center and then ask the AI Assistant to write a 500-word explanation.

The AI support helps recognize patterns in data.

Will AI take over my work?

No. AI supports your work, and you always remain in control of interpretation and decisions.

The possibilities are certainly impressive from an efficiency perspective, but what fascinates us most are the new insights it generates.

Rather than succumbing to the fear that AI will replace us, we prefer to see it as a kind of analytical co-pilot. Because that is precisely what we financial professionals do best: interpret, decide, and provide direction.

How is XLReporting priced?

XLReporting uses a licensing model with different plans. Each plan comes with a certain number of reports and models. If you use more reports/models, you pay for them. XLReporting doesn't charge based on the number of companies, data, or users.

Which licenses do you offer?

Our pricing is simple, fair, and transparent. The cost is based on the number of reports you define and whether you want setup support.

We also offer annual discounts, invoicing on account, and client licenses for accounting firms and advisors.

How long do I commit for?

You can upgrade, downgrade, or close your account at any time. Closing your account will take effect at the end of the current subscription term.

How can I pay?

You can pay by all major credit cards, we use Stripe as our payment partner. You can also request invoicing on account and pay by bank transfer.

Do you provide consulting services?

Yes, we do. We are a team of finance experts, specialized in financial reporting and budgeting. We offer standard setup plans, as well as custom implementation and consultancy.

Can I try out XLReporting first?

Yes. You can start a free demo to explore the platform (for yourself) with dummy data. Request a free demo here.