Why use Excel-based tooling?
Despite the availability of specialised finance software, spreadsheets continue to play a central role in finance and accounting workflows. Recent research shows that 86 % of financial professionals still rely on Microsoft Excel in their day-to-day work, highlighting the continued relevance of spreadsheet-based solutions in finance functions. This sustained reliance is not driven by resistance to technology, but by the practical advantages that Excel-based tooling offers in complex financial environments.
✔ Operate directly on accounting and ERP extracts without complex system integration
✔ Provide full transparency of calculations, assumptions, and data flows
✔ Allow finance teams to review, validate, and reconcile results independently
✔ Adapt easily to changes in scope, structure, or accounting treatment
✔ Fit naturally into existing month-end, quarter-end, and year-end processes
For many finance teams, Excel functions as the environment where accounting data is transformed into actionable financial outputs.
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There is an important distinction between manual spreadsheet models and structured Excel-based tools. Excel-based tooling allows finance teams to retain the transparency and flexibility of spreadsheets while applying more robust and controlled calculation frameworks.
