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Microsoft Excel Analysis – Just the Right Application for Reporting

  In the business world today, availability of prompt and precise data is vital for the success of any company. It is imperative that all people in the executive and

Why your Business Can Profit from Excel Analytics

Excel is one of the most popular tools and a real boon for maintaining administrative reports and a wonderful aid to ensure that your enterprise is running smoothly without any

Financial Accounting Made Easier With Excel Reporting

Many business enterprises across the world have made the best use of the Excel for financial accounting purposes.  In spite of the fact that companies believe that they are thorough

Microsoft Excel Analysis – Just the Right Application for Reporting

Report Notebook

By sideshowmom

 

In the business world today, availability of prompt and precise data is vital for the

success of any company. It is imperative that all people in the executive and managerial

cadre of the company are aware of Business Intelligence. Armed with the skills to draw

out and evaluate information regarding their business, the company will be able to know

where the business stands and make better assessments about what is to be done.

This is where Excel analysis can help. It is a cost effective and efficient Business Intelligence

device that ever was.

Use the Flash Fill for faster completion of work

Firstly, in Excel there are plenty of tools that assist one to alter and clear data. But one

has to be thorough of Excel if they are to use it. Excel 2013 has something called ‘Flash

Fill’ that helps you clear and fill up cells faster in the way you require. All you would be

required to do is fill a couple of cells with data the way you want it and ‘Flash Fill’ will

take over from there. This as you can see will save time, allowing you to complete your

spreadsheet faster.

Quick Excel Analysis – for presentation of reports

Generally when a report is being prepared, the analysis is done in Excel and the

reporting is done in another application. When the executives are requested to present

and analyze the report, invariably a lot of time and information are lost while translating

things between Excel and the second application.  Instead,  if both reporting and

analyzing is done in Excel utilizing ‘Quick Analysis’, all information will be in the same

application, and report and analysis of data can be carried out faster, thereby providing

precious time for solving problems at hand.

The many uses of Dashboard

Most managers are responsible for a wide range of responsibilities and may have to

look at diverse data simultaneously. Excel Dashboards are very efficient for this. It can

easily sum up a wide range of data from various sources in just a couple of pages

making things far easier to handle. Excel analysis platform has plenty of great tools that can be used effectively for reporting. The above mentioned are just a couple of them.

 

Why your Business Can Profit from Excel Analytics

Analyze data

By hotblack

Excel is one of the most popular tools and a real boon for maintaining administrative reports

and a wonderful aid to ensure that your enterprise is running smoothly without any hitches.

From its very inception these spreadsheets have been used to store and present the financial

data and other important information in a systematic way. They turn out to be extremely useful

in selling, marketing, HR and all other operating fields in a business.

The main advantages of Excel analytics are as follows:

 Format wonderful Chart – With its grid cells consisting of rows and columns, all valuable

facts and figures can be filled to present excellent charts that are used to represent

information of any nature. This visual representation of data not only looks systematic

and organized but is also very easy to decipher even for a layman.

Employ Conditional Formatting – You can make use of a variety of colors and also

choose any style of writing you need to discriminate the various columns and figures

and highlight whatever you feel is important. This is known as conditional formatting.

  Gives You an Idea of the Trend – Since an excel sheet also provides you with average it

will help a firm to spot the trend easily and help you to make predictions of the future

market by studying it in detail.

 Helps in Systematic Collection of Data- Another positive point of excel analytics is that it aids in collecting data and figures from various documents and files  and stores it in a specific

location that makes it very easy to access whenever you need it.

 Can be Accessed Online- Good news is that excel analytics can now be accessed even online

which implies that entrepreneurs and business executives can get access from any

device like their i-phone, lap top that makes it all the more easier regardless of where

you are.

Financial Accounting Made Easier With Excel Reporting

Financial accounting

By digidreamgrafix

Many business enterprises across the world have made the best use of the Excel for

financial accounting purposes.  In spite of the fact that companies believe that they are

thorough with the functions in Excel, they realize that there is so much more they can

learn if they keep themselves updated and understand the advantages of utilizing Excel

for their financial application.

 Financial Accounting and Forecasting with ‘Trend’ in Excel

Excel’s ‘Trend’ analysis function is something that can help business with forecasting

their finances and their business budgets.

 If one would like to analyze why there is a deterioration in the business at a

particular period of time, all one has to do is collect necessary data for the

analysis and utilize the ‘Trend’ function.

 After generating the numbers one has to make sure that it is a sensible one; you

would also have to get the advice of various departments to make the necessary

alterations before it is presented.

The power of Excelsius Present

The ‘Excelsius Present’ is another facet of Excel’s tools.

 Typically it is an SAP BusinessObjects function.

 It permits the person to make new spreadsheets or bring in ones that are already

in existence and convert the information into any one of the visual templates like

graphs and charts that have been configured beforehand.

 In addition there are measures that interact with the user allowing him to test

imaginary scenarios and transfer these ensuing graphs or charts into PowerPoint

files thereby allowing the user to control data when he presents the report.

Automation

For the purpose of financial accounting and reporting, companies often have to transfer details into Excel form other sites or locations. To do this the most widely utilized method is

automation. This permits the user to make use of properties and techniques that are

made use of only for tasks in Excel.

Financial companies, auditors, and businesses utilize the well known facets of Excel

and all of them claim that Information Technology is yet to present them with an

application comparable to it.