MY ESSENTIAL TOOLKIT FOR FINANCE PROFESSIONALS. Get it FREE today.

Tips

How to Create POC with The Sprint Technique in Finance?

Using design, prototyping, and consumer testing, the sprint is a five-day method for addressing important business questions. To clarify, it is a “best hits” compilation of business strategy, innovation, behavior research, and design thinking packaged into a tried-and-true approach that any team can apply. You may shorten the lengthy discussion cycle and create POC with the sprint technique.

As a result, by working together in a sprint and turning weeks of time into days. Furthermore, you can acquire clear information from a realistic prototype rather than waiting to release a limited product to see whether a concept is any good.

Also, the sprint provides you with a superpower. Before making any expensive commitments, you can look ahead and see your final product and the responses of your customers.

How to Create POC with The Sprint Technique in One Week

The sprint is a five-day process for answering critical business questions. Therefore here are the steps for each day.

  • Monday: Work on the long-term goal, create a map, and define targets
  • Tuesday: Review the existing ideas, brainstorm, and sketch solutions
  • Wednesday: Select one solution and work on a storyboard with a step-by-step plan for your prototype
  • Thursday: Build a prototype that will be good enough for customers to test it
  • Friday: Interview customers and learn by watching them react to your prototype

However, to read the full description of how to create POC with the sprint technique, I recommend you to click here.

The Bottom Line – Proof of Concept Is An Important Business Process

After my seven years as an auditor, I thought that I knew most of the important functions of Excel until I saw the Slicer function.

If you are working with Pivot Table, if you are filtering tables to create reports, or if you need to build a dynamic dashboard, you will love this function.

What is Slicer?

A slicer is a tool that enables users to utilize buttons to filter Pivot Tables or Excel Tables. A slicer does the same task as filtering a list with filter controls.

On the other hand, Slicers offer big, friendly buttons that are constantly visible in place of drop-down menus.

The buttons are generated automatically using data values.  In addition to filtering out the data, Slicers assist you in easily comprehending the information retrieved and shown on the screen.

Below are examples and a tutorial to learn how to integrate slicers. Believe me, it is really easy!

Here are examples of how it helps you.

 

 

How Do You Use Slicer Function in Excel?

Here are some examples of how to use it:

Conclusion – Slicer Function Can Boost Your Efficiency

Slicers offer multiple benefits to simplify life while performing real-time data analysis in Excel. Therefore, here are some significant advantages:

  • Together with formulas, the Slicer formulas are simple to copy or move to various tables.
  • Slicers replace the brute-force approach of manually filtering the data by making it simple and quick to obtain the needed information in a short amount of time.
  •  Excel’s slicers help to protect data security and integrity since the user is only interested in filtering out the essential information and not tampering with the actual data.

If you want to receive more finance tips like this, feel free to sign up for my newsletter. If you subscribe, every two weeks, you will receive an email from which I share best practices, career advice, templates, and insights for Finance Professionals.