In business, any function in any industry can benefit from those with strong Excel knowledge. It is a powerful tool that has become deep-rooted in business processes worldwide, whether for analytics or issuers, budgeting, or organizing client sales lists.
- For Financing and Accounting
Financial services and financial accounting are the areas of finance that rely on and benefit from Excel spreadsheets the most. Financial analysts would spend weeks running advanced formulas either manually or on programs digitally.
Walk through the finance or accounting department of any major corporate office, and you will see computer screens filled with Excel spreadsheets crunching numbers, outlining financial results, creating budgets, forecasts, and plans used to make major business decisions.
Most users know that Excel can add, subtract, multiply, and divide, but don’t know that it can do so much as become a data analytics tool.
- Planning For Human Resources. While database systems like Oracle can be used to manage payroll and employee information, exporting that data into Excel allows users to discover trends, summarize expenses and hours by pay period, month, or year, and better understand how their workforce is spread out by function or pay level.
HR professionals can use Excel to take a giant spreadsheet full of employee data and understand exactly where the costs are coming from and how to best plan and control them for the future.
- Excel Is here to stay.
Excel is not going anywhere, and businesses will continue to use Excel as a primary tool for diverse functions and applications ranging from IT projects to company picnics.
Working knowledge of Excel is vital for most office-based professionals today, and stronger Excel skills can open the door to promotion and leadership opportunities. Excel is a powerful tool but cannot function alone. It takes a savvy computer user to take advantage of everything Excel has to offer to provide the best results for their company.
Learn Advanced Excel today and make your business better. Excel is here to stay.