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5 Excel-heavy Pain Points still Dragging down finance teams in 2024

The Finance Weekly

All involving Excel data manipulation. Problem 1: Using Old and Cumbersome Excel Models Many of us have developed a financial reporting process that uses workarounds for limitations in our ERP software and to ensure we can meet our deadlines without accidentally breaking something.

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Why Businesses Are Choosing Other Options Over Excel Spreadsheets for Financial Forecasting

Centage

Why Businesses Use Spreadsheets for Financial Forecasting Many small businesses start using Excel spreadsheets for bookkeeping and budgeting. With these spreadsheets, you can store, organize and analyze valuable data. For example, you may use spreadsheets to plan your fiscal year or maintain your client sales list.

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Today’s Business Budgeting; Can Your Spreadsheet Software Keep Up

Centage

It replaces static spreadsheets with a cloud-based financial tool that gives role-based access to data in real time. Planning Maestro allows you to access historical, current, and future budget and forecast data in one place, with advanced features for data analysis and projections.

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A Buyer’s Guide for the Top 10 FP&A Software 2022

The Finance Weekly

FP&A teams are responsible for a variety of activities, including periodic financial close and consolidations, strategic and annual planning, monthly forecasting, cash flow forecasting, financial reporting, financial modeling, and what-if scenario planning and analysis. Strategic financial planning.

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Why Businesses Are Choosing Other Options Over Excel Spreadsheets for Financial Forecasting

Centage

With these spreadsheets, you can store, organize and analyze valuable data. For example, you may use spreadsheets to plan your fiscal year or maintain your client sales list. With Excel’s computing and analytical features, you can identify trends and sort your data into relevant categories. Limited Visibility.