Case Study: State Trustees achieves faster, more versatile reporting with insightsoftware GL Wand

Financial Services Firm Leverages GL Wand Formulas to Make Reports More Versatile

State Trustees, an Oracle E-Business Suite (EBS) user, faced slow, inflexible financial reporting from Oracle’s Financial Statement Generator (FSG): reports took hours to run, templates were visually limited and hard to maintain, and reconciliations consumed a week. To address these bottlenecks and reduce reliance on IT, State Trustees selected GL Wand from insightsoftware — an Excel-based reporting tool that promised real-time access and easier customization.

Using insightsoftware’s GL Wand, the finance team first replicated familiar FSG formats then rapidly moved to customized, branded reports using Excel and GL Wand formulas. The change made finance self-sufficient (IT only handles upgrades), dramatically sped up reporting—P&L runs that required four people two hours each are now about 30 minutes each—and cut reconciliations from a week to five minutes. The solution enabled more versatile, real-time outputs (rolling 12‑month and budgeted P&Ls) and improved management decision support.

State Trustees

Nicholas Thoroughgood

Accountant