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
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
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.
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
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.
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.