Propel your financial data management with these 5 Office 2016 tips
More so than ever, the finance industry is dominated by data and the quick and effective decisions that come from harnessing, visualising and understanding it. The speed with which organisations can react and proactively adjust based on data insight has become a key asset but requires high levels of security in order to ensure confidentiality and compliance. Office 2016 brings efficiency, data visualisation and security together, enabling financial organisations to be more productive while maintaining the highest levels of security, even in fast moving, collaborative environments.
1. One-click predictions
Quick access to forecasts is one such way of harnessing intelligent solutions to improve efficiency throughout your organisation whether budgeting, monitoring cash flow or any other essential business process. The One-Click Forecasting feature in Office 2016 enables you to do just that and ensure that your organisation is prepared for the road ahead. By selecting a series of data in Excel, you can now view a forecast sheet with a data forecast to a set period in the future. The visualisation of this forecast can then be added to any document you are creating, saving time organisation-wide.
https://youtube.com/watch?v=ym8s84ir-O8
2. Demystifying data
While managing and manipulating data is essential, visualising information in order to tell rich stories is becoming more and more important as financial experts talk to wider audiences within the business and explain complex concepts in terms and formats that are easy to understand. Doing so is made even easier in Office 2016 with a series of new chart types that enable you to visualise common financial, statistical and hierarchical data.
https://youtube.com/watch?v=kDQJI4J-NBM
3. The formula for efficiency
When you know the equation you want to apply, wasting time finding the correct menu or typing out complex formulae isn’t going to help you get your work done quicker. Fortunately, Ink Equation exists in Office 2016, enabling you to simply write your equation by hand using a track pad, mouse, stylus or touch screen. Excel then applies the equation to your spreadsheet, providing a faster and more natural route to creating calculations from your data.
https://youtube.com/watch?v=MUOYuT7Ln6s
4. Sharing made easy
The transfer of information within an organisation and to those outside it is a crucial process requiring efficiency and, above all, security. With data leakage and insider threat a key concern, knowing that customer information and other sensitive data remains under your control is paramount. Simplified Sharing in Office 2016 enables you and your employees to control content whether you use SharePoint or OneDrive for Business, set access control and ensure they are only seen by the intended recipient, mitigating risk and maintaining compliance.
https://youtube.com/watch?v=oCms_Fw5_Z4
5. Streamlined file sharing
Collaborating across a number of document types, from budgets to reports, proposals and forecasting can mean time wasted tracking down the most recent version of a document or scanning email threads for attachments. It also applies in terms of cost-saving, where expedited procurement and management processes result in increased efficiency and freed resources. With Modern Attachments in Office 2016, the duration of a project and man hours used can be significantly reduced thanks to a streamlined attachment process and sharing via OneDrive for Business or SharePoint.
https://youtube.com/watch?v=nSyrhdRkV3U
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