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Budgeting

The case for Excel as a budgeting solution

Did you have to take a class in college that covered Microsoft Excel? I did, and by the end of it, I couldn’t believe how useful Excel turned out to be! I mean – it’s a pretty amazing program that allows you to do lots of different tasks – everything from completing calculations to analyzing complex scientific records. If that isn’t versatility, then I don’t know what is!

One of the best uses for Excel is for business budgeting. If you’re running a business, you’ve probably considered using Excel for that at some point – and rightly so! It’s a user-friendly, powerful solution to even the most complex business budgeting problems. Plus, people have been using it since 1985, so you know that its creators did something right!

Here at True Sky, we’ve recognized the effectiveness of Excel for budgeting, which is why we developed an Excel-based budget software in the first place! But, before we talk about that, let’s dig deeper into the benefits of using Microsoft Excel for business budgeting. Here are the top 4:

Less training time

Let’s face it – you and your employees probably all know the basics when it comes to using Excel! It’s a really common program, which means that you don’t have to waste tons of time training employees to use it for budgeting purposes.

Flexibility

With Excel, possibilities are endless. It’s a pretty complex program, so there are lots of options available that allow you to accomplish pretty much anything you want! Excel puts the power of business budgeting in your hands by giving you the ability to create customized budgeting templates that meet your specific business needs.

Easier participation

When you use Excel for your business budgeting, you’ll find that as many people as you want can be involved in the budgeting process without the need for buying additional licenses. Anyone who owns a copy of Microsoft Office can contribute! This improved collaboration makes the budgeting process more efficient, saving your business time and money.

Easily create formulas

Excel allows you to create formulas that help meet your specific business budgeting needs. These formulas can be used again and again, which can be a big time-saver!

True Sky makes Excel an even more powerful budgeting solution all in real time

True Sky is a real time budgeting service, which for one, means no more chasing spreadsheets hours before the budget deadline! It automates the administrative overhead by:

  • Consolidating the data
  • Streamlining the approval process
  • Creating and distributing custom reports
  • Distributing secured templates to all those involved in the budgeting process

The benefits don’t stop there…

True Sky Excel-based budget software can help you take Excel to a whole new level for business budgeting:

  • It gives you central control and visibility over your entire budgeting process
  • It allows for greater accuracy in your numbers providing decision grade information
  • It allows users to attach detailed notes so you can understand the “why” behind the data
  • It is easily integrated with any data source, including your current ERP system

Interested in learning more about how our Excel-based budget software can help make your business budgeting process much easier? We’d love to chat – contact us today!

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