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Business Decisions
| The current business environment is such that each business decision
made involves complexities that need to be enumerated in order to
understand the implications in the specific business environment.
Spreadsheets and excel in particular plays a major part in this
field of making highly effective business decisions within the
specialized business environment. |
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By combining our knowledge of
corporate finance and the business decision making process, with
our Excel skills we are able to develop complex business decision
support models which enable scenario analysis and optimum business
decision making.
| Our primary methodology is the use of discounted
cash flows to assess a business decision and to compare alternatives.
As most business decisions made in the business world relate to
a cash position, this methodology covers the majority of decisions
made (Disagree? Tell us at info@auditexcel.co.za ). However, the
basic concepts remain the same and therefore we can assist in any
business decisions that are number based. It has become apparent
that businesses are relying increasingly on spreadsheets, and
Excel in particular, to make business decisions. The glut
of information and the existence of a multitude of options,
types of financing and complex financing arrangements has
meant that businesses have needed to analyze more scenarios
to reach a business decision. |
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It may be fair to say that some spreadsheet models
are more important to the business than the systems that effectively
only record the results of the business decisions previously made.
The research results and War Stories indicate that there are significant
issues and it would appear that the risks surrounding the use of
spreadsheets have been ignored which could have an effect on the
creation of accurate business decisions affecting the business in
its' entirety.
You need to also consider the nature of the spreadsheets when it
comes to making business decisions. Where business decisions are
being made, the model of spreadsheet is often the only source of
numbers. There is seldom anything to check against. And inevitably
the big business decisions are made here. Departments that are responsible
for reporting can also have a big effect on an organisation and
their business decisions.
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