Forecasting and Budgeting update on Excel
Auditors qualify accounts of almost all large companies stating there is a business case to reduce Excel spreadsheets as they create uncertainty for any budget or forecast and considerations should be given to the case for real financial modelling software. Spreadsheet inaccuracy and errors played its part in the world financial system collapse which is costing trillions to correct. If you spend hours copying, pasting then debugging formulas in your forecasting and budgeting Excel sheets and then spending more time trying to work out where the other errors are, then it's time for a new financial modelling approach with forecasting, budgeting and planning software.
If the answer to these questions is "Yes" or even "Maybe" then it's time to systemise your approach to financial modelling, budgeting and planning, cash flow modelling. MXI represent Quantrix in the UK and Ireland. Quantrix is the leading alternative to Excel spreadsheets. Quantrix improves your speed-to-answer and decision accuracy but it also saves you time, money and headaches by eliminating the need to manage so many worksheets for your budgeting and forecasting. Why?
The goal should be to spend less time writing formulas, checking errors in spreadsheets and lots more time understanding your business and what drives its success. As the number of formulas increase in your budgeting and forecasting models then greater the return by moving to budgeting and forecasting software. One Quantrix model even features 18,000,000 (eighteen million cells of calculations) produced by only 31 formulas in Quantrix.
There are 3 different ways in which your organisation saves money, time and improves efficiency by moving to forecasting and budgeting software.
1: Less time building your forecasting and budgeting models
2: No more errors in your budgeting and forecasting models, business plans
3: Reduce size of your budgeting and forecasting models
All of these together will provide management with their budgeting and forecasting answers faster and enabling you the business planners to drive the business forward. The Financial plan, model and budget is produced faster more accurately than before with fewer people spending much less time.
MXI believe so strongly in budgeting and forecasting software that we have a challenge for you. We are offering you the chance to see your forecast in the leading budgeting and forecasting software application. Read more here: Quantrix Trial