A financial modeling and collaboartion
PowerExcel enables organizations to significantly streamline and speed up their 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 KPIs (calculated measures).
PowerExcel ensures accuracy of reports, plans, and forecasts; provides consistency of business rule/KPI definitions across all business units, and; guarantees the immediacy of all relevant business data.
Working from Excel on a shared, cloud-based model fosters real-time user collaboration, eliminating the need to email spreadsheets back and forth and avoiding the limitations of co-authoring a single (typically ever-expanding) spreadsheet model.
|100% native Excel||PowerExcel 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||PowerExcel’s Dimension Editor 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||PowerExcel comes with spreading functions that allow users to enter a variable that calculates values for succeeding periods. Specific entries are still allowed.|
|Dynamic and real-time connectivity||Spreadsheets are dynamically connected to the PowerExcel financial model, which means 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||PowerExcel can pull data from existing databases, ERPs, accounting systems, and other source systems. (This may require consulting support.)|
|Ability to connect to Power BI and other dashboarding tools||Organizations can connect their dashboards to PowerExcel, ensuring accurate and consistent numbers regardless of platform. (This may require consulting support.)|
The cost of PowerExcel starts at $375/month for 5 users. The software is priced per user per month. There is a free trial available. There is a free version available.
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