Frequently Asked Questions
What applications are included with PowerExcel Teams?
What is the PowerExcel Starter Team?
The Starter Team is an always free offer that allows customers to use the product for free up to specified limits.
Short-term trials of upgraded versions of the product are available for free for a period of time. Reach out to our sales team if that is of interest to you.
When does the Free Usage of PowerExcel Starter Team expire?
What do I need to do to qualify for the PowerExcel Starter Team?
You will be charged standard rates for use of PowerExcel Teams Services if we determine that you are not eligible to use the service for free or have exceeded the limits of the service.
What training, support and professional services can help me to use my PowerExcel Team setup?
There are no other support or professional services included. That said, assuming you want to take your solution further, you are welcome to contact us to discuss how we might help you to reach your business needs.
Can the PowerExcel model be customized to work with my business data?
That said, Yes!, this model can be customized to reflect your business in all kinds of ways: use your own nomenclature; create new Accounts and roll-ups (what we call Hierarchies), add Departments; add Forecasting scenarios, and so on. As well, you can update your Actual and Plan versions through input of data virtually anytime. You thereby ensure having the latest data for Teams to collaborate on, around the clock and around the world.
Three among limitless examples:
- Change your [Month] periods to a non-calendar quarterly reporting system
- Customize roll-ups of entity (company) or department reporting units
- Add 30- and 60-day forecasts for plan scenarios
Will we have access to this model to make changes as our business changes?
The model provides for the following Dimensions: Month-Year data (numerical measures, like dollar figures); Version (Actual, Forecast, etc.)—for Planning scenarios; Entity (e.g., companies); Product-Service; Department; Month-Year; Account. Virtually any of these dimensions can be adjusted, including with unique roll-ups.
Furthermore, PARIS Technologies can work with you if you have any additional required model features that must reflect the way your business works.
What is "write-back" and how does it help my team during our planning, budgeting or forecasting process?
Saving data into the model using write-back does the following things automatically:
- makes the number visible to other users
- calculates roll-ups and any formulas defined in the model
- updates all connected workbooks
Write-back into the P&L Forecasting Model is enabled for all PowerExcel Teams users. Write-back is most useful for budgeting/forecasting/performance management application(s) because it eliminates the need to email copies of spreadsheets for the purpose of consolidating. And as you probably know all too well, this can happen several times in one forecasting period.
In sum, PowerExcel solves the endless problem of budget and forecast planning with Excel, through use of a Cloud-based performance-optimized model that centralizes plan models for your organization.
Who creates the centralized model that PowerExcel reaches?
Past that, the model is yours to customize!—all per questions responded to above.
Are other front ends available, along with Excel?
That said: with some assistance from PARIS Technologies, you can certainly connect other front ends that, like Excel, will work dynamically with the data—Power BI, Tableau, etc.
We encourage you to reach us about this topic, because a strength of the underlying modeling technology that we employ is to address customers’ diverse needs.
Will PowerExcel work with data other than Financials as a reporting/analytics/planning tool?
But note that if you are using the P&L Forecasting Model (which comes with PowerExcel Team Plans), it really is all about your critical business financials. However, while the Dimensions in this model have fixed names, you have the ability to rename, add, or delete Members of a Dimension. This opens up the model to various kinds of data that you want to use.
PARIS Technologies specializes in delivering all kinds of Planning, Analytics and Reporting Information Systems—it is our company acronym. Please reach us to discuss this exciting topic.
How is PowerExcel licensed?
How many users can reach and work on a PowerExcel model?
Is a standalone version available?
However, if you are interested in a standalone version of a planning/analytics/reporting solution, PARIS Technologies has other options to consider—feel free to reach us for more information.
To install PowerExcel, what version of Excel is required? Are there any other technical requirements?
What is the PowerExcel Cloud Server?
The PowerExcel add-in for Excel is your way of accessing the functionalities of the PowerExcel Cloud Server.