Tips

An illustration of a business employee using business intelligence tools.

How Can You Use Business Intelligence Tools in Finance?

Huge quantities of organized and unstructured data are gathered, processed, and analyzed by business intelligence tools from internal and external systems. There are many different types of data sources, such as raw files, ERP database, emails, CRM data, archives, online data, and much more. Business Intelligence (BI) tools employ queries to retrieve this data. Then …

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10 Manufacturing KPIs That You Need to Learn in Finance

Learn about the Top Ten Manufacturing (KPIs) Key Performance Indicators that every Finance Professional must know. These metrics are crucial for understanding your bottom line and projecting for the future. 1. Production activity (or volume) Description: Calculates the value of the production output in monetary value. Formula: Sum of the monetary value of all finished …

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An illustration of the Microsoft Office applications.

650+ Tips on Microsoft Office Tools for Finance Professionals

Microsoft Office is a collection of desktop productivity tools created primarily for corporate usage. It was originally made available in 1990 and is a Microsoft Corporation proprietary software. Therefore, in terms of providing contemporary office-related document-handling software environments, Microsoft Office has long been the industry standard. I just discovered this immense catalog of tips made by Karen Roem. …

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An illustration of the introduction the 5 WHYs root cause analysis tool.

The 5 WHYs – Ultimate Tool for Root Cause Analysis in Finance

Five whys (or 5 whys) is an iterative interrogative technique used to explore the cause-and-effect relationships underlying a particular problem. The primary goal of the technique is to determine the root cause of a defect or problem by repeating the question “Why?”. Each answer forms the basis of the next question. The “five” in the …

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A table of 50 time-saving Excel shortcuts.

50 Time-Saving Excel Shortcuts for Finance Professionals

Numerous keyboard shortcuts that Excel provides can help you operate more quickly and productively. More importantly, significant operations may be carried out with just two or three keystrokes rather than using the mouse to enter the toolbar. Isn’t that quicker and easier? Excel shortcuts significantly speed up work and cut down on the workload. Therefore, …

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An illustration of the introduction of the best ten tips for Excel charts.

10 Tips for Excel Charts to Make Your Life Easier in Finance

Charts assist you in displaying your data in a variety of appealing styles, including columns, lines, bars, pies, and areas, among others. It’s always about how we display the data that determines how fantastic a result we can produce with it. Excel charts and various bar graphs are helpful in this regard. In order to …

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