Common Uses of Excel for Businesses

Pretty much all office workers and even students are familiar with Excel, the spreadsheet software that comes with the Microsoft Office Suite. If you ever need a tool that can help you input and organize data, and also do several complex calculations, then Excel is the right tool for you. It is also very easy to use since it comes with in-software tips and tutorials that help you get started.

However, Excel is more than just a home software. Millions of businesses around the world, both big and small, use Excel on a regular basis, and there are some perfectly good reasons for that. Excel can be an invaluable tool for your business, and below are some of the reasons.

Analyzing and storing big data

Excel helps you input and sort data based on criteria that you can set. This makes Excel a great asset for home computer users and a greater one for business owners. Through several tools such as charts and graphs, Excel will process data of large volumes and of a wide variety. Excel will also offer you the means to store those data in such an orderly way that it would be very easy to trace back even the most obscure strings of values.

Complex mathematical calculations

Let’s say it’s the end of the month and you have to calculate exactly the amount of money that you will need to pay for your employees. Which software should you use? Businesses will need to perform calculations like this on a daily basis, and Excel helps them streamline this process. There are other programs that can run complex calculations, but Excel can give out results very quickly, and you can reapply the calculations to another set of data easily. Doing so helps you do accurate calculations even on large volumes of data.

Highly-secured storage

If you are a business owner, you will have to go the extra mile to ensure the security of your company’s data. One false move and the precious data that you have been collecting for years could be lost in a moment’s notice! This is why Excel is such a great choice for businesses. Every Excel file can be password-encrypted to ensure that only the company’s employees will be able to access those files.

Excel also takes another step further in securing your files by allowing storage on Microsoft’s cloud system. Microsoft’s cloud storage is ultra-secure, thanks to the continual efforts of the world’s finest computer engineers. There is almost zero chance of tampering your data. Not all licenses come with cloud storage though, but if you are really concerned about the security of your data, then this is a worthy investment.

Excel is not only famous with home computer users but also with businesses around the world. Although the software is often considered outdated by some, its usefulness to your business should not be underestimated. Excel can make managing really complex big data easier, which is what a lot of dedicated tools struggle with from time to time.