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Posted 20 hours ago

Paladone I Love Spreadsheets Mug

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Built-in workflow approvals that ensure a level of due diligence is followed in the preparation of financial information ⚠ RISK 4 — UNDETECTED ERRORS The definition of merging spreadsheets is right in its name — we want to combine two or more spreadsheets into a single spreadsheet. This is a really essential skill to learn for any novice Excel users out there. Interesting… what should I already know? I love a good spreadsheet and for calculating numbers and organizing information in columns and rows there’s nothing better. Surely your marketing department deserves a better toolset to deal with the challenges in today’s complex digital age? An inventory of pre-approved templates with documented approval and owners, categorized into levels of risk Okay, we’re talking basic stuff here. The more advanced user can use spreadsheets to automatically retrieve data from the internet to perform calculations and serious analytical deep dives into the data held. Sounds kind of interesting, how do I do this?

If you’re into coding, working with Excel in your programs can be really fun! The most common way to connect with Excel is using Visual Basic for Applications (VBA), which is what most Microsoft Office programs are programmed with. There are many resources available online but here’s a great starter. I’m not alone either! In 2017, research showed that 71% of organizations are using excel to collect data across business units. The demand for end user computing (EUC) applications has never been higher. Even with the proliferation of platforms across finance, many teams are still reconciling and aggregating data in spreadsheets despite unprecedented investment in IT solutions. The ex-auditor in me shudders when I think of the risks inherent in spreadsheet use across finance. A graphical representation of the interrelationships within a workbook would be really useful. I know I can trace precedents — but it’s a horrible process 🥱

Overview

It’s reported that close to 90% of spreadsheets contain errors — given that Microsoft reports over 1 billion O365 users globally — we’re dealing with an erroneous spreadsheet pandemic! The ability to simply, and securely, link workbooks directly to a data source — eliminating the need to replicate data by copy/paste ⚠ RISK 2 — TOO MANY COOKS

I’m going to start with the easiest types of spreadsheet merging and then move onto the harder types of merging. After that, I’ll include some common problems I ran into and some other methods of merging spreadsheets that you could use! Start by analyzing your processes and identify what your pain points are. Where do you regularly experience frustrations are there any easily identifiable challenges in your marketing process. I love spreadsheets! I genuinely do. It may possibly be the nerdiest thing I’ve ever admitted to. Maybe it’s the IKEA effect, having invested 20 years honing vlookup skills, formatting pivot tables, and choosing just the right graph to make my financial data mean something to someone, or maybe I just like the feeling of sinking into that comfortable spreadsheet memory foam. Don’t get me wrong, my spreadsheets are far from perfect, but I just can’t walk away. After a week of extensive research compiling offers from major banks and credit card companies, I sent my sister an Excel spreadsheet breaking down her options,” he says. “Soon, that spreadsheet was forwarded widely outside of my family and friends. That’s when I realised there was a real shopability problem in financial services where consumers had to sift through banks’ dense materials for information.” My love for you grows... because you save me time and money

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It’s not uncommon for spreadsheets to proliferate across an organisation. with work becoming more decentralized and teams working remotely, I’m willing to bet there are multiple copies of every spreadsheet hanging over the metaverse. And yet, there is no inventory or repository kept of all spreadsheets in use. Hear me out: Spreadsheets can do powerful calculations, they’re flexible, and they’re widely available! Sure, there are plenty of new platforms and apps around wanting to disrupt my spreadsheet habit (Hello, Airtable! I see you Coda 👋)— but I would need to start learning all over again. Spreadsheets are easy. They allow me to play around with numbers, presentation, formulae, graphs. They give me the freedom to prototype a solution without committing to the final output. There are few tools around in the world of finance that can grow with the business, enable finance to adapt to changing business requirements, and empower us to rapidly model business decisions into financial outcomes. As a finance leader, I’ve become accustomed to workbooks linking to other workbooks — it’s often the only way to enable multiple workstreams to work simultaneously to create a collated set of financial numbers. What transpires is an untraceable spaghetti junction of formulae and spreadsheets that no one has the time, nor the capacity, to investigate. Tentatively, I put my trust in original preparer in the absence of easy traceability of inputs and formulae. Now they pretty much do anything,” he says. “The flexibility has been growing a lot and doesn’t show signs of stopping. That’s why at Rows we built the spreadsheet that works as modern teams do — it’s data-rich, collaborative and crazy fast. You can build anything from everyday tasks and lead lists, to automated reports and internal tools”

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