XLCubed Acquisition

XLCubed is now part of Fluence but will operate as its own division of Fluence (at least in the short term). The XLCubed current product offering will continue to be offered under the XLCubed brand. Our new embedded reporting for consolidation and close - powered by XLCubed technology will be offered as part of our consolidation and close solution. Future, standalone reporting products will be rolled out under the Fluence brand.

XLCubed is now part of Fluence but will operate as its own division of Fluence (at least in the
short term). For the time being, all XLCubed employees will report to Fluence’s new:  

• COO, XLCubed - Gary Crawford (Operations team, reporting to Fluence CEO, Michael
  Morrison)
• CTO, XLCubed - Craig Salter (Development team, reporting to Fluence COO, John Power)

For the time being, all XLCubed employees will report to Fluence’s new

• COO, XLCubed - Gary Crawford (Operations team, reporting to Fluence CEO, Michael
  Morrison)
• CTO, XLCubed - Craig Salter (Development team, reporting to Fluence COO, John Power)

Actually, we're already selling it. For the broader team, Kevin Beckberger is working on an enablement plan for the company to:

• Understand the new market opportunities to:
• Learn the features, benefits and competitive value
• Get required training on the XLCubed product (standalone and integrated with Fluence)
• Develop talk tracks, sales decks and related materials

XLCubed is the market leader in self-serve, Excel-centric reporting and analytics software for 20 years. XLCubed stands out from reporting offered by traditional ERP, CPM and BI vendors with finance-focused: o Self-serve, connected Excel reporting: data controls with no IT or coding (finance-owned)

• Data connectivity: built-in connectors to TM1, Essbase, other financial data sources
• Financial templates and models: produce professional financial reports quickly and easily
• Automated report distribution: for any business audience on any device (incl. web and mobile)

Kevin Beckberger is developing market data as part of the enablement plan he’s rolling out. One telling stat from analyst firm FSN is that 81% of today’s finance teams focus on improving financial reporting:

• Compared to less than 50% on improving data collection and control
• Despite the fact that data collection and control are the main source of errors and time-consuming, manual work
• So...while we’ve nailed the collection, consolidation and controls for data accuracy and freeing up finance time, reporting is where our customers’ priorities lie
• What’s more, trusted, timely actuals are only valuable to the business if they inform smarter, agile decision making through - you guessed it - effective financial reporting