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What Excel and electronic spreadsheet features make the software such an important and popular tool for business professionals Why?
Wiki User
∙ 7y ago
Excel is an extremely versatile application, so it can be used for a wide range of things. It is fundamentally for working with numbers, and businesses do a huge amount of calculations, so it is ideal for that. Businesses need to analyse their various elements of their finances, like sales, purchases, wages etc. and Excel can do all of those. Excel has various features to help analyse data easily, like pivot tables and charts. Business people need to do a lot of planning and Excel provides various ways of analysing what might happen in the future and allowing business people to try different possibilities. Forecasting and What-If scenarios cover those kinds of things. Excel has many specialised functions, suitable for various types of people. For business there are lots of financial functions enabling them to do things relating to loans or depreciation or investments and many other things. All of these things are only some of what Excel can do, so it is hugely useful to business people.
There are many great features on an electronic spreadsheet. Some of the features are data analysis, data management, and report generation and communication.
Wiki User
∙ 7y ago
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What are the five common business uses for electronic spreadsheet?
what are the five common bussiness uses for elctronic spreadsheet?
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