It is not uncommon for large corporations to issue directives discouraging the use of Excel tools. The rationale behind varies, ranging from the need for scalability and heightened security measures to the requirement for specialized industrial functionalities. It usually being packed in some KPI and targets, like:
“Decrease the reliance on Excel-based tools by 80%” or
“Transition 100% of Excel calculations to a third-party company” or
“Replicate all existing Excel templates within the newly implemented ERP system”.
Fortunately, smaller companies possess the advantage of agility, allowing them to be more adaptable in selecting suitable, cost effective tools. They can fully exploit the benefits offered by Excel, including:
- Cost-effectiveness: Excel is both affordable and bundled with other MS tools
- Flexibility and customization
- Data organization and analysis
- Project and task management
- Simplified invoicing and financial management
- And, of course, the data visualization.
It is important to note that the aforementioned examples merely scratch the surface of Excel's potential in small businesses. Its versatility and user-friendly interface make it an invaluable tool for a wide range of tasks and processes.
In #DataEnq we thoroughly explore a wide array of effective digital tools in order to find the most satisfactory solution for our customers. This also includes Excel as a potential option.
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