If you are already familiar with using MS Excel, you know that the program is used for storing and analysing data. However, did you know that MS Excel has found wide application in the business world because of the freedom that it allows a user to crunch data, analyse and report data in an organized manner? An MS Excel tutorial can add a lot of value to your resume and enhance your chances at employability.
Here are seven uses of MS Excel you should know about:
Business Analysis
MS Excel is an excellent tool that most businesses use to analyse their business and generate insights that can help them design strategies to further their business. This data usually comprises data on product sales or website traffic, insurance claims or any kind of voluminous data that is crucial to a company. Business analysts use this data to cull out information that can be beneficial to their organizations. If you aspire to be a business analyst, taking up an MS Excel course can help you immensely.
People Management
You would be surprised to know that MS Excel can be highly useful to manage records and information of people. A lot of HR personnel use this tool to save information on employees, potential recruits and critical details about them. A single spreadsheet can serve as a huge database reservoir when used effectively. HR aspirants should take a Microsoft Excel tutorial to get trained in the basic skills of maintaining records of employees.
Operations Management
Managing operations and keeping a tab on different elements can be quite a task if you do not have a tool that allows you to store and manage data. MS Excel has proven itself a trusted tool to those who have to keep a tab on inventory in stores, listing restocking dates, managing times and schedules of resource, etc. In this regard, MS Excel is a tool that has been used by supply chain specialists, operational business analysts, in-market supply chain analysts, etc. The MS Excel tutorial by LearnVern is where you can take an online free excel course to sharpen your skills.
Performance Reporting
Financial consultant and performance analysts use MS Excel to analyse the performance of an entity. A pivot table is the easiest way of analysing data to calculate performance. Pivot tables can crunch large volumes of segregated data and show numbers that can be used for assessment purposes. So even if you aspire to become a financial consultant, MS Excel is a tool that you must be adept at. You can learn Excel online with LearnVern. Advanced Excel tutorial from LearnVern is the right choice for those who want to learn the advanced concepts of MS Excel.
Strategic Analysis
Spreadsheets can be way more useful than you think. Did you know that a lot of businesses rely on Excel analysis to decide the way forward? Asset managers and portfolio analyst use MS Excel spreadsheets to check the performance, understand challenges and plan the way forward. Through spreadsheets, analysis of large volumes of data can be easily carried out. The insights derived from this analysis can be used to devise the strategy for the organization. You can take up an MS Excel tutorial to learn how to use spreadsheets to undertake strategic analysis.
Contract Administration
Contract administrators use MS Excel to manage data related to multiple contracts. The data usually consists of important dates, timelines, deliverables and payments. MS Excel offers the freedom to develop different templates where data can be stored and analysed to extract insights. You can take up an MS Excel tutorial to learn using the program to organize and analyse data.
