Global Software Inc.New software from Global Software Inc. provides controllers and CFOs with an instant, accurate picture of a company's financial anatomy at any time, using nothing more complicated than a Microsoft Excel (tool) Microsoft Excel - A spreadsheet program from Microsoft, part of their Microsoft Office suite of productivity tools for Microsoft Windows and Macintosh. Excel is probably the most widely used spreadsheet in the world. Latest version: Excel 97, as of 1997-01-14. spreadsheet on a laptop computer. The software, Global Software says, "achieves the long-sought goal of an anytime, instant corporate financial 'X-ray' that reveals the latest details in the company's financial life--without requiring massive new cash outlays for complex systems, consultants, technology installations or maintenance." The application also helps CFOs spot and track anything unusual or suspicious in the books from day to day. Called Spreadsheet Server, the software is part of a suite of analytical tools from Global Software that "reveals a company's general ledger General Ledger A company's accounting records. This formal ledger contains all the financial accounts and statements of a business. Notes: The ledger uses two columns: one records debits, the other has offsetting credits. data--cash, inventory, accounts payable, accounts receivable accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying , return from marketable securities Marketable Securities Very liquid securities that can be converted into cash quickly at a reasonable price. Notes: Marketable securities are very liquid as they tend to have maturities less than one year, and the rate at which these securities can be bought or sold has , and more--in the most granular detail instantly on the desktop using an Excel spreadsheet," the company says. Comparable products from big-name competitors don't work with Excel, Global claims, and require expensive and exclusive new systems, significant IT intervention, expensive education and extras. Beyond reducing the chance for a sudden earnings surprise, Spreadsheet Server also gives CFOs the ability to identify questionable money flows faster, reducing the risk of fraud, misappropriation misappropriation n. the intentional, illegal use of the property or funds of another person for one's own use or other unauthorized purpose, particularly by a public official, a trustee of a trust, an executor or administrator of a dead person's estate, or by any or money laundering The process of taking the proceeds of criminal activity and making them appear legal. Laundering allows criminals to transform illegally obtained gain into seemingly legitimate funds. . Further, it allows companies to close their books faster at the end of a quarter for more timely reporting. The product works with any data stored on IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) iSeries technology--specifically data that resides in the DB2 database. A companion product from global Software called Executive DASH[TM] provides a dashboard-style view of instant corporate from sales to inventory, payroll to cost accounting, providing insight into the full range of corporate metrics. Raleigh, N.C.-based Global Software claims that its products are used in 25 countries and support more than 400 customers and 2,000 installed products worldwide. Web: www.glbsoft.com. Material for these items has been taken in many cases from promotional materials supplied by the companies, which have not paid to appear in this column. |
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