The importance of Excel for your business

Microsoft Excel was launched in 1985 and has grown to become possibly the most important computer program in workplaces around the world. Whether you handle the budget, the organization, the sales lists of the clients, or the need to plan a social office meeting, Excel is a powerful tool that has been ingrained in the business processes around the world.

Finance and accounting

If you walk through the finance or accounting department at any major corporate office, you can see on computer screens full of Excel spreadsheets that describe the financial results, budgets, forecasts and plans used to make business decisions.

This is the area of ​​business with the greatest confidence and benefit from Excel spreadsheets. Advanced formulas in Excel can convert the manual processes that took weeks to complete in the 1980s in something that only takes a few minutes today.

Most users know that Excel can add, subtract, multiply and divide, but it can do many more things, with the advanced formula SI in functions when combined with VLOOKUP, MATCH INDEX markers, dynamic tables. It has two new file extensions XLSM and XLSX. But their uses are not the same. So, we need to understand what the difference is between – excel xlsm vs xlsx.

Marketing and Product Management

While the marketing of products and professionals look to their financial teams to do the heavy lifting for financial analysis, using spreadsheets to list customers and sales goals can help you manage your sales force and plan business plans. Future marketing based on past results.

Professionals can look at the marketing of their products, in their financial equipment to do the heavy lifting for in-depth analysis, using spreadsheets the customer list and sales goals can help you manage your sales force and plan the sales plans. Future marketing based on past results.

With the use of a pivot table, users can quickly and easily summarize customer and sales data by category with a quick drag and drop. All parts of the company can benefit from a strong knowledge of Excel.


The use of Excel for business has almost no limits for applications. Here are some examples:

  • When planning a field trip for a baseball team, you can use Excel to track the list and the costs that will be spent.
  • Excel generates growth models of revenue for new products based on new consumer predictions.
  • When planning an editorial calendar for a website, you can list the dates and topics in a spreadsheet. When creating a budget for a small product, you can list the expense categories in a spreadsheet, which will be updated monthly and you can create a graph to show how close the product is in the budget across each category.
  • You can calculate discounts to customers based on the monthly purchase volume per product.
  • Users can summarize customer revenues by product to find areas to build strong relationships with customers.

This is a very short list to give you an idea of ​​the various uses of Excel.

The baseline

Excel is not going anywhere, and companies will continue to use Excel as the main tool for various functions and applications ranging from IT projects to work lunches.

A working knowledge of Excel is vital to most office-based professionals today, and a stronger knowledge of Excel can open the door to promotion and leadership opportunities. Excel is a powerful tool, but it cannot work on its own. You need a smart computer user to take advantage of everything Excel has to offer to provide the best results for your company.