One Of The Best Excel Consulting Services

Are you facing issues with some features in using Microsoft Excel? Will you need help using the same in the future? Excel is one software which is very complicated. This is simply because of the fact that the features in this can be used in other applications also. The best way to overcome the problem is by hiring an expert in this field and we are the best excel consulting service providers. We provide help and support on the phone and at the same time through remote access. The help for any problem is provided instantly by us. Contacting our excel consultants would help and solve all the problems that an organization might face.

As we are one of the leading consultants in Australia, we help most of the groups even if the government and business organizations want to get help in excel. Our services for different organizations are generally based on different factors like requirement of the client and analyzing the same, formal development of the life-cycle of the software, designing the system, developing and its implementation, documentation, auditing and testing the same. The help of the excel consultants can be taken for the development of one stage of the software as well. In a small or medium size business the approach for the consultant is fast and also the cost involved is relatively small. This is for the simple fact that the projects are very small in these businesses.

The questions that might come into one’s mind are:

Who exactly is an excel Consultant?

Who can take the services of an excel consultant?

What is the price involvement in taking this service?

How can a consultant help an organization and why should we take help from them?

An excel consultants in our organization are experts who can work in details on the spreadsheet of Microsoft Excel. These consultants are interacting with different people in various sectors.

The expertise that an excel consultant has in our organization are:

A consultant who is a software engineer

The person who can evaluate the benefits of excel for big companies

Formulas of excel is known

Pivot tables of excel

VBA and macros programming in excel

Integrating databases which includes Microsoft SQL Servers and Microsoft Access with

Microsoft Excel

Security of excel

Add ins

Auditing of the spreadsheet

Optimizing the performance of the spreadsheet

Our services are available throughout Australia, Unites States, India and more.

We like to work by taking in remote access because it minimizes the cost. We use different techniques like video conferencing, VPN access and different software which make the job of remote access very easy. By getting the excel consulting services from our organization, we can assure that the best solutions would be provided to the business with less cost. You would be happy with the services and the solutions given by us. Call 646.583.0001 to contact excel consultants.

Financial Modeling Consultant - Four Reasons you should build a financial model for startup

When pressed, creators often say that there is just too much doubt at the beginning. We don’t even have a company structure so why would we try to develop a 24-month projection!

Here are 4 explanations by Financial Modeling Consultant that why should build a financial model for startup .

1. You may not have income but you still have expenses.

Startups that report doubt as an excuse are typically making reference to income. They are conveniently forgetting about expenses. Begin by listing the per month expenses the creators are running into by running the company. Next split the current cash position by this per month cost total to calculate your runway. Let us say the per month expenses are $5,000 per month and there is $25,000 in the bank.

This indicates in the next 5 several weeks, the start-up will either have to reach per month earnings of $5,000 or increase cash from traders. Easy computations like these help creators concentrate on what exactly is important and help keep the company alive in beginning several weeks.

2. Confirm your company structure.

Financial designs can also be used to validate your company structure. In fact, if you have not verified your company structure with some primary computations, it’s likely to fall apart under some pretty primary asking.

Let’s say we want to sell a reasoning storage item on a freemium basis to consumers. We’ll charge spending clients $20 per month for the item and it will cost $4 per month to back up spending clients and $1 per month to back up freemium clients.

If we perform an effective break-even analysis, this implies our cost can assistance one buying client and 16 freemium clients, or a 5.9% transformation amount. Dropbox and Evernote have transformation amount in the 4-6% range so this seems defendable. But hang on. We have not yet included any client purchase expenses, or any total edge.

To be sustainable, our start-up will have to increase prices, reduce the cost of maintenance clients or move away from the freemium design altogether.

To avoid releasing an not sustainable item, develop a company structure that includes reasonable reports for transformation amount, client purchase expenses and total edge. This will help you decide quickly the cost and company structure for your item and whether they represent powerful value for a client.

3. Monthly objectives help to concentrate and arrange the team

In a start-up, there are always fifty projects you could be doing, twenty projects you should be doing and on a number of projects you must be doing. Economical designs help arrange the group around the critical several of projects.

Let’s say in the first 30 days of operation, our company structure assumed acquiring 300 new spending clients, from a transformation amount of 6%. Our transformation amount turned out to be 9% but we only acquired 240 new spending clients. What does this mean? We need more visitors to the website! For the next 30 days, the group can arrange on a primary goal of increasing traffic to the site.

Without a company structure and estimated path to success, it’s easy for the group to don't agree on where cash should be spent. With a company structure, positioning and concentrate is a lot more possible.

4. Investors will requirement a company structure.

Investors will almost always requirement a company structure. So if you are start-up needs to increase cash, you are going to have to develop one. The beginning you begin, the more time you have to improve the design and the more accurate and robust it will be in investor pitch.

To begin to build your company structure today, contact our Financial Modeling Consultant. Be sure to check it out.

7 Reasons Every Business Needs Financial Modeling Consulting

Sophocles a Greek poet once said “quick choices are unsafe choices.”  Very often in companies the same behaviour is duplicated.  Quick choices trump choices depending on information and research. An Succeed organization design is an ideal device to help entrepreneurs ground their choices on information. If this device is used properly it can help enhance a company’s revenue, decrease costs and ultimately enhance its earnings.  The following are seven factors every organization should have Financial Modeling Consulting.

Case # 1 Forecast

The primary purpose of a organization design is to create a picture of how the main point here of an organization will look later on.  A thorough organization design includes predictions of an company's revenue, expenses and net profit for at least three years later on. An Succeed organization design angles upcoming performance on information and educated presumptions. In addition, many models consist of other fiscal reports such as income and stability sheet.  I also like to consist of a revenue research for certain projects. That feature considers other claims and decides if the present course of action is worthwhile.


Case # 2 Confirm Business Assumptions

No matter how new or old the organization is, deep seeded presumptions about the organization are prevalent. Very often those thoughts are not depending on truth but invalid presumptions or historical truths.  The procedure of creating a organization design helps to challenge old presumptions and validates the present organization choices.


Case # 3 Pressure Analyze Business

“Stress testing” is the procedure of determining how would hold up against straining changes.  For example, applying a 10 percent reduction in revenue would be a stress test applied to a organization.  A organization design is the perfect device to evaluate such stresses upon a organization.

Once a organization design is designed, various pictures of the long run can be designed for a organization.   As a rule, I typically create 3 possible circumstances for customers.  The three circumstances are best, likely, and most severe.  In each of these situations, it is essential brainstorm actions which would need to take position for each situation to become a truth. The actions determined to cause to the best situation situation should become a aspect of the organization overall strategy. The actions thought to cause to the most severe situation should become aspect of a risk management plan so that it can be avoided. It is also worth noting that actions related to the most severe should also be used to see at what point the organization would be insolvent and unable to pay bills.  The actions leading to a likely situation should be used as a standard.  It is at this stage a entrepreneur recognizes the elements that are driving present organization growth.


Case # 4 Expand knowing of organization

One of the pleasant by-products of creating a organization design is the increased knowing of an organization by all members.  All professionals involved in the procedure inevitably come across new discovered information about the organization.  Perhaps the “gem” was locked in the mind of one of the organization professionals or information research revealed relationships that can be utilized to attain new customers.

For example, while creating a organization design for a client the levels at which the organization would be unprofitable, were realized.  That increased knowledge became a clean reminder that the new organization enterprise was not a “sure thing” but required to be managed well.


Case # 5 Balance “gut” emotions with facts

At the end of the day, many people trust there instinct or "gut" emotions more than information.  These kinds of off-the-cuff choices can mean disaster if not tempered with information.  Both information and instinct have a position at the making decisions table.


Case # 6 Run your organization better, leaner than competitors

One of the factors Dell Computers built its popularity was due to its superior capability to quickly configure customized PC’s and deliver to customers.  This capability turned out to be a aggressive benefits.  The introduction of a organization design into a organization can potentially turn into a sustainable aggressive benefits for a entrepreneur.  If an organization is able to make better, quicker, information centered choices, which would cause to more earnings and a aggressive benefits.


Case # 7 Locate previously unknown possibilities and markets

Recently, while creating a organization design for a new entrepreneur, many choices and possibilities were exposed.   The procedure of creating an Succeed organization design brought to the forefront Strengths, Weaknesses, Opportunities and Threats (SWOT) which would not have developed otherwise. Conversations about different kinds of cost and hiring plans ensued as a result of creating a organization design.  This procedure saved the entrepreneur the worries of figuring out things after the organization had officially opened.  

Microsoft Succeed is an adaptable device which can be used in myriad of ways.  One of the applications of that device is to assist entrepreneurs with the continuous planning required to run a growing organization.  An Excel based Financial Modeling Consulting can help companies entrepreneurs become profitable in a continuously changing organization atmosphere.

Excel VBA Consultant - Want to display Millions in Lakhs and Crores ?

Here's a tip to display numbers in lakhs and crores in Excel by our Excel VBA Consultant.

Steps:

• Right Click on the cell
• Click on Format cells
• Go to Custom Category

Type the below format

For Lakhs and crores (+ve) with decimals

[>9999999]##\,##\,##\,##0.00;[>99999]##\,##\,##0.00;##,##0.00

For Lakhs and crores (-ve) with decimals

[<-9999999](##\,##\,##\,##0.00);[<-99999](##\,##\,##0.00);##,##0.00

For Lakhs and crores (+ve) without decimals

[>9999999]##\,##\,##\,##0;[>99999]##\,##\,##0.00;##,##0.00

For Lakhs and crores (-ve) without decimals

[<-9999999](##\,##\,##\,##0);[<-99999](##\,##\,##0.00);##,##0.00

Hope you enjoyed this tip !!!

Happy Excelling !!!

For more information contact our Excel VBA Consultant at 646.583.0001

Preparing for an Excel Expert Exam

Have you ever written an Excel proficiency exam? Maybe you'll have some advice or tips for the person who wrote to me this week, asking for help with the Excel Expert 2007 exam. He's having trouble with the macros and custom functions that will be part of the test.

It's been a long time since I wrote the Excel Expert exam that was part of the old Microsoft Office User Specialist series. The exam has probably changed many times since then, but back then it was a mixture of multiple choice questions and simulated workbooks (if I'm remembering correctly!)

Anyway, I passed, and the certificate is still proudly displayed on my office wall. Well, it's pinned to the wall, behind the door, but it's still in good shape! Wow, June 1999 – that was a long time ago.   

The Excel Expert Test

The Microsoft website has a list of topics that are covered on the exam, including this section on Managing Macros and User-Defined Functions:

• Record and edit a macro.
• This objective may include but is not limited to: recording a macro and editing a macro in Visual Basic for Applications (VBA)
• Manage existing macros.
• This objective may include but is not limited to: moving macros between workbooks, assigning a shortcut key to an existing macro, assigning a macro to a button in a worksheet, and configuring macro security levels
• Create a user-defined function (UDF).

Record and Edit a Macro

There are written instructions and a video on the Contextures website, for recording and testing a macro in Excel. That article briefly discusses macro security levels, and showing the Developer tab.

To see how to edit a recorded macro, you can watch the video on this blog post: Excel VBA Edit Your Recorded Macro. There are written instructions there too, in case you'd prefer to read about it.

Manage Existing Macros

If you need to copy macros into a workbook, or from one workbook to another, there are instructions here: Adding Code to a Workbook

For details on assigning a macro to a worksheet button, take a look at this page: Excel VBA Worksheet Macro Buttons. To see the code and buttons, you can download the sample workbook from that page.

And, of course, if you want an extensive online course to become excel expert that covers all this, and much more, you can contact us at 646.583.0001.

5 Signs It’s Time to Ditch Dashboard Reporting With Excel

Excel is the most popular spreadsheet software in the world, with hundreds of millions of users. Yet while Excel’s simplicity of organizing data has made it the most frequently used reporting tool, it doesn’t take long to accumulate “Big Data” far beyond Excels capacity. Then, you are left to work with desktop spreadsheets that don’t enable real-time data sharing, updating, or show you a complete picture of all data in your organization. More businesses are moving away from Excel and adopting a dedicated Dashboard Reporting With Excel for the more advanced needs of organizations today. If you can relate to one or more of issues below, it’s probably time to upgrade your reporting as well.

1. Excel is getting slow

Excel can become sluggish when reports contain more data than Excel was designed to handle. Size impacts the time it takes an Excel document to load as well as to the time it takes to make any change to the data inside the document. Today, almost every business that is actively collecting data just for their marketing and sales departments, can easily accumulate data beyond Excels capacity.

When this happens, users tend to break data into smaller, more manageable segments, or maintain multiple workbooks or worksheets, both of which are almost impossible to consolidate. Not only does this make reporting more difficult, but it also takes valuable time away from other tasks. The bottom line? Because it’s so hard to accurately join all your scattered datasets, you’ll never get a complete view of your organization–whereas with a BI and dashboard reporting software, seeing the bigger picture can be simple.

2. There’s debate over report accuracy and ownership

Excel users typically store files locally on their computer for reporting purposes. If several people want to work on a report using the same data, they must all have identical copies of the file.

This might not seem like a big challenge—after all, sharing files via email is fairly simple. However, changes to some of the cell values are inevitable and once a file is shared and an analyst begins building a report, those changes are hard to implement. With a few users working on the same report, each person maintains a different version of the file, with slightly different data, leading to a debate over who has the most accurate data. Managing reports with multiple users and versions will at best give you a massive headache, and at worse give you inaccurate information and insights.

3. Manual updates are time consuming and error-prone

Updating data in an Excel file is rarely a simple task because adding fields, copying formulas and data values can break pre-set functions. Adding new data with an additional field (column) typically means that same field must be created for pre-existing data.

If analysis is spread over several sheets in a workbook, it’s likely that each sheet will require changes based on that additional field. And if sheets reference one another, adding a field to one sheet can be a confusing and complicated task as it’s not easy to see which data is affected by the addition. Wasting time on “cleaning up” data so it synchronizes properly is a mindless task that is always fallible.

4. Your KPIs cannot be calculated with one Excel formula

The most powerful KPIs require formulas that reference several dimensions or columns and use complex and nested filters. When it becomes impossible to calculate KPI results with a single Excel formula, reporting becomes a time-consuming, manual exercise.  In other words, to make meaningful KPI dashboards, you need to move beyond the built-in functionality of Excel.

The longer it takes you to build and maintain a report, the less frequently you’ll be able to use the insight it provides to develop strategy. Longer reporting intervals cost your organization time and prevents it from reacting to change in real-time.

5. Reports and dashboards aren’t inspiring

While Excel offers data visualization tools for data sets that are small and simple, once the data sets grow, these visualizations become static and almost unpredictable. Poorly designed data visualization, even for no-frills charts, isn’t just uninspiring—it can also be misleading.

In this aspect, you’re truly missing out because high quality data visualization makes it very easy to see patterns or changing trends with a single glance. In effect, it turns columns and rows of data which have limited meaning and require close study into a format that the human brain can process almost instantaneously.

Bottom line

As you see, it doesn't take a lot of data or very complex data to outgrow the size and scope of ExceI. If you've identified with more than one of the five pain points above, it’s time to ditch Excel for a more robust business intelligence solution. True business intelligence tools can handle data on a gigabyte to terabyte scale, create a single version of truth from your multiple data sources, and deliver beautiful data visualizations that will allow your organization to make critical decisions in real-time. For more information regarding Dashboard Reporting With Excel you can call us at 646.583.0001

Dashboard Reporting Excel - 5 Simple Steps to Building Killer Dashboards

Excel Dashboard reports are the new buzz word employers are looking for, and for good reason.

They enable the reader to quickly make sense of the raw numbers by presenting them in visually rich charts and tables.

Dashboard Reporting Excel give valuable insights into the key performance indicators of the business, and perhaps most importantly; they’re interactive, which means the reader can filter and change views like this:

The good news is that creating Excel dashboard reports is easily done without the need for any other additional software.

Excel Dashboard reports are the new buzz word employers are looking for, and for good reason.

They enable the reader to quickly make sense of the raw numbers by presenting them in visually rich charts and tables.

Dashboard reports give valuable insights into the key performance indicators of the business, and perhaps most importantly; they’re interactive, which means the reader can filter and change views like this:

The good news is that creating Excel dashboard reports is easily done without the need for any other additional software.

And if you set them up right you’ll be able to update them each month without the need to do much more than paste or import your new raw data.

Step 1: Researching Your Dashboard

Your boss has asked you to put together a report and you’re thinking “I’m going to blow his socks off with an amazing interactive Excel Dashboard”.

But hold up, before you dive into Excel and start creating your charts. The first step is to do your research.

Boring, I hear you say. I know but I don’t want you to waste a load of time analyzing data and creating charts only to find out you should have sliced and diced the data in a different way.

Here’s what you need to know:

Find out the underlying reason for the dashboard request. Is there some hunch about business performance they want to prove/disprove?

Are there specific KPI’s they want to see.

Where will the data come from.

How often will it be updated.

Who will receive the report and in what format.

Step 2: Mock-up Your Excel Dashboard

Almost there, but before you fire up Excel grab a scrap of paper and mock up your dashboard layout. This is time spent well and will help you visualize the end result.

Step 3: Setting Up Your Excel Dashboard File

Ok, now you can click the Excel icon and start ‘em up.

Create 3 sheets in the file:

Raw data (you might need more than one of these)

Analysis (you might need more than one of these)

Dashboard

Bring in your raw data preferably by importing from Access or another system, or copy and paste it if you must.

Tip: Make sure your data is in a tabular format. That is; every record resides on one row with column labels for the different data groups like this:

This just makes it easier to use Excel formulas like SUMIFS, COUNTIFS etc. and other tools like Pivot Tables.

If you don’t have your data set up like this you’re just going to make things difficult for yourself in the long run.

Step 4: Analysing your Data

Get Your Tools Ready
Excel has loads of tools we can use to quickly analyse the data. Some of the key ones are:

Excel Formulas:

SUMPRODUCT, SUMIF, SUMIFS, AVERAGEIF, AVERAGEIFS, COUNTIF and COUNTIFS

COUNT, COUNTA, MIN, MAX, SMALL, LARGE, RANK

Database Functions like DSUM, DAVERAGE, DMAX etc.

VLOOKUP, HLOOKUP, INDEX and MATCH

IF, Nested IF’s, IFERROR, OR and AND

OFFSET, INDIRECT, CHOOSE

GETPIVOTDATA

Other tools you should have in your Excel toolbox are:

PivotTables

Excel Tables

Data Validation

Conditional Formatting

Form Controls

Shapes

Named Ranges

These are just bunch of the really important formulas and tools you should know. You can find free tutorials on these and more in my Excel Formulas list.

Start Crunching the Data

Now you’re ready to complete your analysis (on the analysis worksheet) by setting up a table of data to feed each chart or table in your dashboard.

You can use formulas and or Pivot Tables to extract the relevant data. Which you choose depends on how much data you’re working with.

If you’ve got a huge amount of data then fewer formulas mean less chance of things to go wrong, but it can also mean a slow file. You’ll have to test what works better for you.

If you have Excel 2010 or later you can use Slicers to control multiple Pivot Tables but they’re a bit big and chunky and can take up a lot of space on your dashboard.

If you use formulas then it’s a good idea to use named ranges or even better, format your raw data in an Excel table and make use of the Structured References.

Don’t forget to document your work. Yawn. I know it’s not much fun but if you set your file up how I’ve explained above you’ll make your job a whole lot easier. Plus using Named Ranges will account for half of your documentation.


Step 5: Building Your Excel Dashboard

So, you’ve done your analysis and now you’re ready to set up your dashboard and bring in your charts.

One of the key features of a Dashboard is the ability for the reader to interact with it. Allowing them to choose the time period, region and products etc. will provide them with the ability to get answers to their questions without you having to build another report.

So, how do you make it interactive?

You can do this in a number of ways, but one of the simplest is to use an Excel drop down list a.k.a. Data Validation List, that enables the reader to select the criteria they want to filter on.

Simply link your formulas to the data validation lists. When the reader makes a new selection the data displayed in the report dynamically updates.

Picture this:

You’ve got a data validation list in cell B2 that allows the reader to select the region:

You’ve then got a table feeding your chart containing your SUMIF formula which sums the data for the chosen region by referencing cell B2 in the ‘criteria’ argument:

=SUMIF(region_column, B2, your_sales_column)

As the reader chooses a different region from the list and whoosh, before your very eyes the charts update just like this:

If you’ve got your Excel tool belt equipped with the formulas and other tools I listed earlier then go ahead and start experimenting with some of your existing reports. See what improvements you can make so that they’re quicker to update and interactive for the reader. If you need help in Dashboard Reporting Excel

http://www.p2w2.com/excel-dashboard-reporting.php

than you can meet our experts ask them for the help.