Microsoft Excel - Tool for small business management and Complex statistical analysis
March 14, 2025

Microsoft Excel - Tool for small business management and Complex statistical analysis

Marcos Vinícius Costa de Carvalho | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User

Overall Satisfaction with Microsoft Excel

in our org, we use Microsoft Excel to register day-to-day data. We do not have a official data warehouse or something, and we use Microsoft Excel to store any additional data external from our systems. We also use it to make diverse caculations, specifically to run some financial simulations and to programatically manipulate data using built-in power query

Pros

  • Automations
  • Built-in Power Query
  • Advanced math calculations
  • Wide range of formulas

Cons

  • Memory Usage
  • Multiple Spreadsheet Conections
  • Binding Data to Charts
  • Chart customization
  • Without Microsoft Excel, we would need 200 hours of data annotation and calculations
  • In terms of multi spreadsheet conections, we needed to move from Microsoft Excel, because it was too clunky when the number of spreadsheets rose
Microsoft Excel is ubiquitous. Most people have encountered it, leading to a baseline level of familiarity. This reduces the initial learning curve for basic tasks; Microsoft Excel's vast array of functions and features allows users to perform complex analyses, making it highly versatile. On the other hand, Mastering advanced features like complex formulas, macros, and data analysis tools can be challenging. Also, the sheer number of options and features can be overwhelming for novice users. In addition, there's plenty of room for errors from the lack of data typing and consistency checks
Microsoft Excel It's the choice of professionals who delve into intricate financial models, statistical analyses, and other complex analysis. Its strength lies in its depth, offering a vast array of functions and features that can handle the most demanding tasks. Its pivot table is more powerful and the dynamic charts is more interesting than the contender. Google Sheets, on the other hand, embodies the spirit of collaborative, cloud-based work. It prioritizes accessibility and seamless teamwork, allowing multiple users to edit documents simultaneously, regardless of their location. This makes it ideal for projects where real-time collaboration is paramount. It's the go-to tool for teams that need to share and update information quickly and efficiently. Although Microsoft Excel features this as well, in Google Sheets, this feels more natural, I don't know why exactly But the main and most important thing between the two is that the Google Sheets is totally free, which makes it the go to tool for most typical users

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?

Yes

Did implementation of Microsoft Excel go as expected?

Yes

Would you buy Microsoft Excel again?

Yes

Well, Microsoft Excel is perfect for small business scenarios. for example, They can easily create a spreadsheet to log daily sales, use formulas to calculate monthly totals, and generate simple charts to visualize sales trends. This allows them to quickly identify top-selling products and areas where they can cut costs. Financial modeling for ad-hoc is also a thing, although I don't usually use it this way now, when the small business grows, it can be tricky to manage large volumes of data. Starting on a few thousand rows, Microsoft Excel starts to get slower, until it reaches a point where you can't even use it. Then you'll want to migrate your data over to a Database or a data warehouse

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