Top 5 Useful Features of Microsoft Excel for Your Business

Only a few people can confidently claim that they have a complete command over Microsoft excel. Microsoft Excel is the world’s premier spreadsheet application and has been in existence for the past 20 years. Taking up a Microsoft Excel Course in Singapore will be beneficial for you as Excel has an important role to play in your business also. Excel is a powerful tool that has established itself in business processes worldwide.

Below are 5 useful features of Microsoft Excel that are useful for your business.

Accounting and Finance

Excel spreadsheets are part of the finance and accounting department of every major corporate office. Excel sheets are used for outlining financial results, budgets, forecasts etc. They also include plans that are used to make big business decisions. Manual processes which earlier took two weeks to complete can now be done only in a few minutes. Excel can do much more than your usual add, subtract, multiply and divide. It has some advanced features when IF functions get coupled with VLOOKUP, INDEX-MATCH-MATCH and pivot tables.

Marketing Management

Excel sheets can be used to list customer and sales targets. This will help you in managing your sales force and help you plan better for your future. You can also use marketing strategies based on your past results. Summarization of customer and sales data according to categories can be done quickly with the help of pivot tables. Excel helps in the growth of all the aspects of a business in which Marketing is not an exception.

Product Management

Spreadsheets allow you to maintain a detailed log of the inventory or the products that are used in your business. By maintaining a log you will become aware of the current status of the products used in your business. This will be useful in replenishing any of the product(s) that start to fall short.

Human Resource Planning

Excel allows the HR professionals to have a management system for all the employees working in a firm. This includes managing employee’s personal information, payroll, summarize expenses etc. It also gives the HR professional a better understanding of the workforce that is spread out by function or pay level. Maintaining the costs that are involved in a firm is also possible with the help of excel.

Organizing Events

Excel is also very beneficial in organizing team events. From maintaining a list of all the members that are taking part in the event to the costs that are involved, everything is efficiently maintained with the help of excel. Spreadsheets allow you to maintain each and every record in a very planned manner. Its systematic display structure gives a nice visual experience in the future also.

Conclusion

Above are few of the uses and benefits of implementing Microsoft Excel in your business. It is better to take up any of the Microsoft Excel courses in Singapore as it would be of a big advantage for your business.