PowerExcel

A free financial modeling, collaboration software and calculation engine built for Excel.

Product Overview

PowerExcel enables organizations to significantly streamline and speed up planning, budgeting, forecasting, and reporting processes within Excel. Any number of users can reach cloud-base financial models that serve as the central repository for data, business rules, and select KPIs. The software enables real-time collaboration and data sharing, irrespective of the users’ locations, eliminating the need to email spreadsheets back and forth. It prevents the limitations of co-authoring a single spreadsheet.

PowerExcel leverages Excel’s capabilities, moving calculations to a central data model to minimize formula errors and automate roll-ups and consolidations. It ensures the accuracy of reports, plans, and forecasts of all relevant business data. It also enables connection with Power BI and other tools for consistent results.

Pros

  • Optimizes Excel functions
  • Has a financial data respository to ensure accuracy
  • Can store multiple versions of workbooks on Sharepoint

Cons

  • Requires Excel to operate

Target Market

Businesses seeking collaboration betweem financial modeling and Excel-based work. Also suited for Teams requiring a centralized platform for tracking and sharing data.

About PowerExcel

Video Overview

PowerExcel Features

Feature Description
100% native Excel Works with an Excel Add-in, transforming spreadsheets into an interface to multi-user PowerExcel financial models in the cloud.
Financial modeling capabilities Users connect to shared multidimensional financial models in the cloud that store data, business rules, and KPIs (calculated measures).
Hierarchy management Enables users to define and manage roll-ups (aggregations) within dimensions such as Entities, Accounts, Cost Centers, Reporting Periods, etc.
Automatic aggregation of hierarchies Data is automatically aggregated based on an organization’s hierarchy definitions. This eliminates issues commonly associated with spreadsheet formulas, e.g., sum(), sumif(), other formula errors, overtyping formulas, linked workbooks, etc.
Scenario modeling Organizations can have multiple versions/scenarios of their data to represent Actuals, Plan, Budget, Forecast 1, Forecast 2, etc.
Driver-based planning Spreading functions allow users to enter a variable that calculates values for succeeding periods. Specific entries are still allowed.
Dynamic and real-time connectivity Data entered by one user is immediately stored in the model and becomes available to other users in real-time.
Ability to connect to source data systems Pull data from existing databases, ERPs, accounting systems, and other source systems.
Ability to connect to Power BI and other dashboarding tools Organizations can connect dashboards to PowerExcel, ensuring accurate and consistent numbers regardless of platform.

PowerExcel Benefits

  1. Unprecedented gains in productivity and accuracy
    • Significantly reduces repetitive task of ticking and tying numbers
    • Eliminates manual errors
    • Eliminates problems encountered when someone overtypes a formula
    • Reduces the number of formula errors
  2. Promotes collaboration among teams
    • Eliminates the need to send and receive workbooks every reporting period
    • Eliminates the need for users to manually consolidate workbooks
  3. Data governance
    • Data: One source of data for actuals, plans, and forecasts ensures consistent numbers across multiple reports
    • KPIs: Apply organization-defined formulas for calculated measures
    • Definitions: Implement organization-wide definitions to avoid communication errors, e.g., net earnings or net profit
    • Hierarchies: Define how is the company organized
  4. Better performance out of limited staff
  5. Experience quick return on investment
  6. Avoid additional hires to maintain the Excel beast
  7. Better, more reliable decision support
  8. Reduce end-user dependence on IT to get data
Starting Price
$375 /month
Price Range Learn More
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Pricing Details
Includes 5 users.

Product Overview

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