Excel has been in existence for almost 3 decades now and it has helped many businesses that use it for their operations. If you aren’t using Excel today, then you should know the reasons why you should. You can do a lot of things in Excel. The things that it can do are calculate formulas, create graphs, organize data, and more. You can easily learn Excel since there are courses you and your employees can take online or otherwise.
The importance of Excel for your business is given below.
Efficiency is important in business and your employees can be efficient if every data they work with is organized. The main benefit of Excel is that it can help you organize data. There are many different options of organizing data including the use of tables or graphs. Spreadsheets can be added depending on the need and every employee can access and these and add to them. If you are an administrator, you can see the progress in a single place
You can track inventory with Excel if your business has physical products. You can add descriptions to the items as well as wholesale and retail costs. It will help you to determine how items are sold and how many are left. You will be able to know if you need to restock. Backorder situations will no longer be experienced and your business will not lose money on lost inventory.
An Excel calendar can be used for your employees’ work schedule. An EXcelc calendar will let workers know when they have to come to work. Swapping time with other employees is possible with Excel. Admin can see these updates as well.
You can track your weekly and monthly goals on a spreadsheet. Specific details can be written on when the goal has to be met. Once completed, you can also mark it off on your spreadsheet. Administrators can then know which employees are hitting their goals and which are not.
One important use of spreadsheets is for time log. Date, time in, time out, lunchtime, and other times can be logged in your spreadsheet. You can check employees time logs. Excel also gives you the total number of hours each employee has worked. AT the end of the day, Excel can give you the total hours of all employees and how much you need to pay them.
If you want to include CRM in your business, then Excel can help. Excel is customizable so you can include any information about your customers. You can make changes in your data is the future easily.
If you want to make sense of your data, you can easily analyze it in Excel. You can easily sort and retrieve data. You can customize a calculator if you have to perform the same calculations over and over. Then you will simply punch the numbers and Excel can give the answers without using a calculator for it. Data analysis will come easy with charts and graphs.