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