Impact of MS Excel in business development

 It is the world’s leading spreadsheet. It is the most powerful, flexible, and most widely used software in the world. There is no other program that can come close to it in terms of functions or flexibility. Its applicability ranges from economics to psychology, from biology to drawing, from mathematics applied to human resources administration, among others. That is why a person with full knowledge of this tool has a tremendous added value on their resume.

It is an essential tool, especially for companies, since in this program, they can carry out their accounting, invoices, data analysis, customer/supplier agendas, all kinds of databases, etc. You can also create from tables and/or static or dynamic graphics to macros. It is a complete tool that, with its good use, solves all the problems of a company. It is a potent tool for quantitative analysis and decision making.

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Here are the best features and benefits of Microsoft Excel:

When presenting data in tables or graphs, it can include midlines, which explicitly detail the key trends emerging from the information. This can help demonstrate the key points to other users straightforward: an executive from a different department during a board meeting. 

Why is Excel so important in administrative and financial work?

There are several advantages that Excel provides in administrative and financial work, which are:

1.    Optimize data handling and processing time. Excel allows you to improve productivity by facilitating data processing with functions such as sorting, filters, search, etc.

2. It is widely used in data reporting to provide useful information for decision making.

3. Facilitates the presentation of data in tables and graphs. Also, dynamic tables and graphs allow data to be analyzed from different perspectives.

4.    Large volumes of data can be analyzed.

5. The possibility of importing data facilitates the analysis of data from management and accounting programs and bank statements.

6. You can work as a team so that different users can work on the same Excel sheet.

7. It is very useful to verify the accounting data’s correctness, facilitating, for example, the scoring of the accounting majors.

8. The treatment in Excel of a balance of sums and balances facilitates the study of the accounting integrity of the different accounts that compose it.

9. It is usually used to build the banking pool.

10. It can be connected to other Office programs such as Access and Word.

11. It allows the development of complex financial models in which to use different scenarios.

12. Facilitates financial statement models for comprehensive budget planning, generating different scenarios based on different business hypotheses.

13. All kinds of functions and formulas can be used to facilitate data processing.

14. It simplifies and mechanizes decisions on the valuation of investment projects, facilitating profitability, liquidity, simulations, etc.

15. It allows the creation of dashboards, integrating different spreadsheets.

Despite these, there is a lot of other application that makes excel one of the best tools for the data handling and many other tasks. It is the application of Microsoft and comes with a Microsoft office package. One can buy it from the Microsoft official website. That is why to meet the demand; professionals have created the Excel Course applied to Business and Financial Management, a course aimed at the design and management of different financial models and the treatment of the information generated in the development of the company’s activity. To carry out the course, only minimal knowledge is required in the use of the Excel spreadsheet. In the market, many Microsoft courses provide complete knowledge of MS excel.