top of page

Improve Oracle Financial data processing with API Wizard

Give your finance team the tool it needs to work with Oracle easily and efficiently, reducing the time required for Oracle data entry, shortening the close cycle, and providing more timely financial reporitng.

Improve Oracle Financial data processing with API Wizard

Give your finance team the tool it needs to work with Oracle easily and efficiently, reducing the time required for Oracle data entry, shortening the close cycle, and providing more timely financial reporitng.

Improve Oracle Financial data processing with API Wizard

Give your finance team the tool it needs to work with Oracle easily and efficiently, reducing the time required for Oracle data entry, shortening the close cycle, and providing more timely financial reporitng.

Products > ERP > Finance > Efficiency

Drive financial efficiency with API Wizard

Finance Teams Know that Time is Money

API Wizard’s business case is simple; our products reduce the amount of time that employees spend on Oracle data entry, data updating, and reporting and that time savings results in significant cost savings.   API Wizard can be used across the enterprise, wherever Oracle is used, and the cumulative cost savings across departments and business processes is its core benefit.

Driving measurable results

Within the finance department specifically, routine data entry tasks such as AP and AR Invoice entry and maintenance, receipt/cash application, processing journal entries, and other data processing task, are essential. 

  • Increased productivity: Finance teams can significantly reduce time spent on manual data entry tasks.  In many cases, data processing work in Oracle can be either eliminated or reduced by over 90%.  This results in a significant time savings for each and every resource who works with Oracle.

  • Streamlining the Close / reducing risk: API Wizard streamlines data processing across the organization, which means that data is with the finance team earlier.  Additionally, core finance processes can be performed in a fraction of the time, resulting in faster, simpler closes.

  • Timely access to information: By reducing the time required to process data, the finance department has better and more timely information, allowing it to react more nimbly to changing conditions, to get ahead of unexpected trends, or to capitalize on opportunities.

  • Focus on strategic work:  Resources can shift from performing lower value, manual data processing to higher value, strategic analysis – helping the finance department meet its operational and efficiency goals.

 

Common Challenges and how API Wizard can help

Organizations using Oracle face common challenges which hinder finance department efficiency.  API Wizard, with 14 years of experience, solves these challenges.

1. Extensive time spent on data entry and updates: API Wizard streamlines these processes by enabling bulk data handling and automation in a familiar Excel interface, dramatically reducing time and effort.  Data processing is significantly reduced, freeing time for more strategic tasks.

2. Error-prone manual processes: API Wizard minimizes these errors by providing real-time validation checks, above and beyond standard Oracle, ensuring consistent data entry.  API Wizard can also default data for users, further reducing tedious data entry and helping to eliminate mistakes from repetitive and mind-numbing data entry.

3. Difficulty in adapting to regulatory and other changes: API Wizard allows for agile adjustments, ensuring compliance with the latest financial regulations.  API Wizard Loaders are flexible and can be easily modified without requiring technical assistance.

4. Dependency on IT for data updates: API Wizard empowers finance professionals to manage and update their data independently, reducing reliance on IT.  This significantly reduces IT costs related to system support and removes a common bottleneck for most organizations.

5. Inefficient reconciliation processes: API Wizard automates and simplifies any type of reconciliation process, improving efficiency and accuracy.  API Wizard makes it easy to download data into Excel, compare data from multiple report sets, and take corrective action as needed.

 

6. Handling complex transactional data: API Wizard provides a unified platform for handling diverse financial data efficiently.  Users can move from one task to another and/or perform all steps of complex, multi-step processes within a standard user interface quickly and efficiently.  

7. Oracle’s user interface is frustrating and difficult: Anyone working with Oracle can attest to the challenges of its user interface.  API Wizard replaces the Oracle user interface with a simple, intuitive Excel user interface, allowing the user to work much more easily and efficiently with Oracle data.

 

Is this the right time to improve your financial data processing?

Yes!  API Wizard can materially improve your data processing, offering an ROI that is many multiples of its license price.

image.png
bottom of page