Is Excel A Thing of the Past?
Excel does not have all of the functions that are so often required, yet so many people try to convince themselves that they don’t need anything else. It has many functions, but there are programs that have more and can help you keep your information easy to find. Anaplan can do the same for you and a lot more.
- Additional spreadsheets do not cause any issues – problems can start elsewhere when you try to include extra information. More and more can be added without there being trouble finding them.
- Altering spreadsheets can be problematic as formulas may not register. While these issues can be dealt with they are time consuming and may involve the creator, and it is a hassle you can do without.
- It is not possible to restrict the viewing of cells individually, and it is the entire document or nothing that is password controlled. People who need access may not have the password and the wrong people are seeing everything. This is not an ideal way to run a business.
More than anything else, people who run large companies are going to worry about the availability of accurate and quick to obtain data. After that it will be the prescribed way that worksheets have to be created. Making small changes is not possible and when the hard work has been done modifying them, the problems start as you have to ensure that everyone is using the most up to date version. Quick alterations are not an option, and this can lead to frustration.
Difference between Anaplan and Excel
When setting up a spread sheet there are many different areas that have to be added. It needs to contain different areas, timescales, and items. Excel is not ideal when it comes to entering so much detail and so that you can make it work there has to be a variety of sheets set out in a variety of work books. Often, in order to find data, a number of books have to be searched rather than just the one.
Once the worksheets have been set up, it is possible to view all areas from the one location. Additional information is easy to integrate and with excel this is not the case. Details have to be put into each page rather than type free form, and even when details have been added, it is much easier to then place them in Anaplan.
Despite the problems with the current system, it is still the program preferred by many of the biggest companies. The aim of Anaplan is to replace them by taking away some of the boring and time-consuming processes, and allowing work to be carried out quickly. Spreadsheets need to be linked in to all aspects of trading within the company and real-time changes have to be possible. Thanks to the use of Java based engine, these changes and updates can go ahead regardless of the amount of data to be incorporated or the number of people who are inputting data.
In some ways, there are things that Anaplan does that are not possible with excel. While there are others that can be done under either system, they are done more efficiently and cost effectively when using Anaplan. Updates can be done once and spread across dozens of spreadsheets rather than each spreadsheet having to be updated one by one.
Finance departments are being revitalized thanks to the improved software they are using. It is helping companies form plans for the future and for the financiers to play a bigger role as their company moves forward.