Business Intelligence and Data Analytics Blog
Information and Discussions on Business Intelligence, Data Analysis, and Management featuring: Strategies, Best Practices, PARIS Product Tips and News
Choosing the Right FP&A Tools: Navigating the Complex Landscape for Mid-Sized to Large Organizations
No longer reduced to a back-office function, today's financial planning and analysis (FP&A) processes consistently evolve into a strategic cornerstone for organizational success. As businesses expand, managing internal finances becomes increasingly complex, and...
Enhance Your Payroll Planning with FREE Payroll Planning Templates
Free Payroll Planning Templates to Help You Improve your Planning Process Managing payroll planning efficiently is a critical task for finance teams. Accurate payroll forecasting ensures proper budgeting, prevents unexpected expenses, and helps maintain financial...
The Secret to Getting Better: Unlock Time, Results, and Balance
There’s a secret to getting better. Better results. Better focus. Better work-life balance. It’s not a miracle or a one-size-fits-all answer, and it’s certainly not about doing more. Instead, it’s about working smarter, not harder. The tools and methods we rely...
5 Business Intelligence Project Mistakes to Avoid
Forcing users to stop using Excel or other spreadsheet applications is one of the top reasons why Business Intelligence projects fail. End users who are love to use spreadsheets are faced with the problem of having to adjust to using a new Business Intelligence software solution that does not work well with Excel.
Level Up Your Law Firm’s Compensation Planning Game with this Legal Accounting Software
Legal accounting software can be super helpful when Finance staff at your law firm are tired of spreadsheets and endless manual calculations. For example, legal compensation planning is particularly challenging, but this new fintech tool is here to save the day! This...
Build a Powerful Income Statement Model from Scratch
Building a Powerful Income Statement Model from Scratch We are kicking off this blog with a “building from scratch” theme. Here, by “building from scratch” we mean what nearly every Finance person has done at some point: creating some kind of financial modeling...
Transform Collaboration in Excel by adding Row-Level Security
Hey there, Finance and data security gurus. Today, we're talking about Excel and discovering a feature that's majorly undervalued. That feature is row-level security. While Excel may not boast robust enterprise-level security on its own, we've got a nifty solution...
Unlocking the Games: The Power of OLAP Cubes in Sports Analysis
PARIS Tech and partner David Newton from Newton Carmen have collaborated to create an OLAP model for analysing the 2023 Rugby World Cup. Using this data model, full of every Rubgy stat imaginable, we’ve run a video series of over20 different scenarios. Turns out we...
Pivot Table vs. PowerExcel Pivot
If you’ve built your models in Excel, this becomes very difficult. You need to go down to the bottom, change some assumptions, roll it all up, and check if you have the number that management wants. If you don’t, you must go down to the bottom again and start over until you roll it all up again. In some organizations, this sort of circular process can take months; it’s expensive, time-consuming, and demoralizing.
Top-Down Bottom-Up Budgeting with PowerExcel
If you’ve built your models in Excel, this becomes very difficult. You need to go down to the bottom, change some assumptions, roll it all up, and check if you have the number that management wants. If you don’t, you must go down to the bottom again and start over until you roll it all up again. In some organizations, this sort of circular process can take months; it’s expensive, time-consuming, and demoralizing.