Microsoft Excel for within the Corporate Space of Insolvency
February 09, 2023

Microsoft Excel for within the Corporate Space of Insolvency

Anonymous | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User

Overall Satisfaction with Microsoft Excel

Microsoft Excel is a widely used software within the financial sector. As my organisation specialises in insolvency and bankruptcy, conducting investigations into the financial data of both other organisations and individuals is essential. Often at times we receive data sets in Microsoft Excel formats; therefore it is widely used within our organisation for the recording and analysis of financial data. Microsoft Excel is also a very flexible software, which is highly beneficial with the handling of data across the multiple industries we may encounter in corporate insolvency. Additionally, this flexbility allows Microsoft Excel to be used internally within the firm for tracking & productivity, budgeting, etc. Overall, Microsoft Excel has the flexibility and depth in capability to be widely used within the organisation to meet the internal and external demands on the work and services that we provide.

Pros

  • Flexibility in usage
  • Data analysis capabilities
  • Storage of information and data
  • Presentation of information and data
  • Universal application
  • Depth in capabilities

Cons

  • Larger learning curve required to maximise function
  • Can impact hardware performance depending on quantum of data
  • Improved workflow and efficiency
  • Improved internal procedures for monitoring / tracking

Do you think Microsoft Excel delivers good value for the price?

Yes

Are you happy with Microsoft Excel's feature set?

Yes

Did Microsoft Excel live up to sales and marketing promises?

I wasn't involved with the selection/purchase process

Did implementation of Microsoft Excel go as expected?

I wasn't involved with the implementation phase

Would you buy Microsoft Excel again?

Yes

Well-Suited Situations
In circumstances where analysis of a large and potentially complex set of data is required, this is where the capabilities of Microsoft Excel are well suited. For example, the in-built functions to prepare formulas to perform calculations and prepare tables becomes incredibly useful when handling large sets of financial data, and allows the work process to be more streamlined and efficient.


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