The technological realm is developing at a high speed with new tools and programs produced every hour to support businesses through efficient data management and calculation mechanisms; but is it
The technological realm is developing at a high speed with new tools and programs produced every hour to support businesses through efficient data management and calculation mechanisms; but is it really required to unnecessarily laden the business operations with bulky software and complicated programs when Excel spreadsheet can do everything expertly?
Current technology can definitely strap up more convenience and easy data handling to enhance business efficacy but organizations do need to keep it simple and manageable. Too many programs can make even simpler tasks eternally complicated. During all this, Excel is one such tool that has proved to be incessantly useful and adequate to sensibly handle business data and its processing. Among many crucial features offered by Excel, data drilling is the one that can help business organizations to fetch the crux of business operations.
Excel spreadsheet can generate comprehensible reports through data that is entered into several rows and columns. The data can be drilled or analyzed as per business requirements to determine useful information, actionable figures and predictable results. Here are most constructive features of Excel that helps in generating reports to enhance utility:
If organizing the data well is of paramount importance to your organization, Excel offers easy solutions. Thousands of columns and rows are spread open to store and organize data in a usable format. Categorizing the data with different headings is also very easy in Excel that makes the entire data more logical.
Efficient data mining is another preeminent feature of Excel reports. While looking for a particular data on papers or other complex tools can be very difficult, Excel makes it fast and precise through easy cell references with absolutely no dropouts. To further ease the data finding process, Excel has the Find Command that can swiftly look and present the desired information no matter where it is located in the entire worksheet.
Graphical representation of data is highly attractive and easy to understand. Excel can easily convert staid data into interesting and coherent charts or graphs. Creating histograms, statistical graphs, scattered diagrams, pie charts and many other types of graspable charts is exceedingly easy in Excel spreadsheet. These charts can easily be copied over PowerPoint presentations or Word documents for expound uses.
Excel Reports = Easy Reports
Excel reports are easier than they are expedient. It can help any organization to make crucial business decisions and set business strategies based on deep drilled data and well analyzed figures. Excel reports can even assist organizations to predict the future business statistics to realize more profits. Let’s see how easy all this can be with MS Excel Reports:
MS Excel makes stressing business calculations as light and simple as possible. Various formulas are available to be applied just on a single push of the button. You can easily select the data series to run a function and get speedy results without opening calculator and feed in the figures.
Data consolidation is tremendously a straightforward process in Excel. This means that you can assimilate related data that are stored in different worksheets into a single Excel report with easy references. It eliminates the daunting process of copying the whole data into a single sheet for calculation and while doing this, it also eliminates the chances of errors. Getting desired results in Excel is very easy.
Transferring, sharing and delivery of Excel reports are again very simple tasks to suit the requirements of an organization. The data is highly accessible in the form of digital reports that can be delivered to any electronic device through any electronic medium or internet.
Using MS Excel is not only easy but cost effective too as it lessens the paper consumption and reduces the human resource requirements to handle the job of business calculation and future predictions.
Excel can equally be beneficial for small as well as big organizations as it is very scalable in terms of its performance and accuracy. Excel is also open to program small software or to render support for the third party tools for the purposes of advance options and multiprogramming.
The electronic reports as generated by MS Excel can expediently be produced in desired and sharable formats of PDFs, macro generated workbooks and binary workbooks. They can be printed like any other text document for easy reference with customized print settings of paper size, color and number of sheets.
Excel truly defines easy business calculations that are fast, flexible and functional too.
Guess what is the most often used output type – yes it is Excel! Its due to the ease of accessibility and efficient means of analyzing and representing the data. Every business is bound to produce reports periodically on a monthly basis or weekly. Generating reports manually and presenting with pixel perfect representation is no more a tedious task. To make this happen in fraction of seconds and to avoid proximity errors, MS Excel Reporting is developed with more momentous features. The boundary of fields started widening from financial and strategic management to forecasting reports. Get to know how Excel Reporting promotes your business regardless of the huge size of data presented from multiple data sources.
Get rid of problems in date and time representation in MS Excel Reporting:
To start generating a report, the first and foremost thing you require is a formula set and a grid for representation. To represent a set of data on the basis of month, the only thing you will be in need of will be an Excel Range to determine the set of months available in a year and also the current month of a year. When you are ready to find the current month, then rest of your tasks becomes easy and confined only to segregate the data on a monthly basis.
Now the one thing you will have to do is to design a script and frame the query appropriately to extract the necessary data from different forms of data sources. All data has to be represented in different tabs with appropriate formatting done. One significant feature of higher versions of Excel Reporting Tool is the Excel driven slicers which will keep track of months’ names. This in turn will allow the users to pick the month they are in need of to represent the data. This reduces the time and effort required to code them or drive them manually.
In this way, data can be represented on monthly basis with ease in report rendered.
Many people find it very difficult to represent the time in reports. Sometimes the date will be displayed in some mess of numbers which will look like Greek and Latin to business end users. To avoid such scenarios, the best way is to use formatting. Setting formats to the data during execution will render the report in required styles. Since Excel also allows you to import style sheets and formatted templates, it will make your work much easier to render reports.