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Top 5 Reasons You Need Invest for Excel®
May 31, 2016
It doesn’t matter which industry your company works within, or the size of your organisation, when it comes to managing finance it is essential that your facts and figures are in line.
With this common business problem in mind, at DataPartner we’ve created a software solution that is used as a corporate standard in over 1,500 organisations, and in more than 50 countries worldwide, to enable all businesses to apply the time value of money and measure profitability without the headache of over expenditure or risk of a bad investment.
As we have over 30 years’ experience creating financial software solutions, we know that this is an area where many entrepreneurs and investors can become stuck, especially when many solutions can feel overwhelming.
However, as Invest for Excel is programmed in Microsoft Excel, it provides you with a large degree of flexibility, and as many businesses are already familiar with using excel for calculations, it’s not as intimidating as a traditional software installation. Helping to give you confidence and a little ‘know-how’, before the training has even begun.
Of course what you really want to know, is the benefits it can bring to your business - as we’re well aware that new software is not only time out of the company budget, but also time spent educating a team.
At this point you’re probably already looking at implementing a new financial solution, so let us guide you through the reasons you need invest for Excel.
Suitable for Various Areas of Financial Modelling
Regardless of the financial organisation that you require, Invest for Excel offers all your key functions in one place, allowing you to have the tools to perform complex analysis across a broad range of areas at the click of a button.
You can apply all of the following in Invest for Excel without the need for any other software, giving you one sole solution for all of your business requirements.
- Capital budgeting
- Cash flow modelling
- Investment appraisals
- Valuation
- Business planning and strategy
- Project Financing
- Life-cycle costing
- Business development
These are just a handful of the functions you can quickly, and easily carry out once you’ve adopted the software.
Create an Effective Investment Process
Although Invest for Excel may look simple, it is a powerful tool that introduces a calculation standard to enhance your financial processes.
When you’re looking as to whether the investment idea you have is worth pursuing, the software will help you streamline the process and evaluate profitability.
Comparing various investment scenarios so that you can have the facts and figures clear if the investment expenditures increase, incomes falls or the rate changes.
With Invest for Excel helping you to be realistic about your investment, you then have the knowledge to make a decision based on facts and figures rather than guesswork.
In a step-by-step guide that will take you through the process, it couldn’t be faster and or more reliable.
Adopt Professional Reporting Practices
Financial reports are often a frustration within businesses.
Either they’re not implemented regularly enough to help the company keep track of expenditure, or in some extreme cases, only adopted when there is a crisis at hand.
Unfortunately, this may be the result of poor training and buy-in from the staff, or in most cases by implementing a system that does not generate the reports the business requires.
Invest for Excel provides a range of financial reports and statements, from profitability analysis to reports in line with international accounting standards, so that no matter the figures you require regularly, it’s quick and easy to run it off and have a clear vision of the state of the business.
As our training is supported and regular maintenance provided, you can be assured that your team will be able to adopt the new solution quickly, and feel confident with it’s use from day one.
Secure your Calculations
Traditionally when planning investment proposals, these are often done in basic excel or even a word document. And whilst this may just be the way in which you are used to planning your calculations, this can be a risky approach if your computer is corrupted, or accidentally overwritten in human error.
However, the result formula in Invest for Excel is protected from modification, increasing the security of your calculations, without the worry.
Multiple Department Use
There is nothing more frustrating for entrepreneurs and investors, when they have spent the time and money on new software, only for a few departments or employees to use the solution.
This funnel can cause delays in reporting and miscommunication about projects that are developing within the organisation, leaving a funnel of only a few using the software to it’s potential.
But the users of Invest for Excel are not required to possess an in-depth knowledge about spreadsheets, as the know-how is already incorporated into the system.
Plus it’s not limed to purely finance professionals within the company, as production personnel, marketing managers or project co-ordinators can be easily involved with the calculations, as the program guides users through the process step-by-step.
Giving you a knowledgeable and educated team who are all aware of the project.
Software solutions can be intimidating at the best of times, but when your finance is involved, your decision has to be a confident one.
Invest for Excel has already been used across multiple sectors including automotive, banking, manufacturing and public administration, to name a few.
Watch this tutorial to see just how simple your financial planning can be.