Many businesses rely on Microsoft Excel for forecasting, profitability calculations, risk management, inventory optimization and various other financial modeling purposes. Excel is flexible, convenient, and can be easily used to create proprietary models that often include highly complex logic and mathematics, and to generate custom reports. Though not optimal, spreadsheets are also frequently used as databases as well. However, when Excel is shared, numerous well-known problems can lead to nothing short of chaos – including unsecured proprietary data, version confusion and error propagation. Valuable time can be wasted checking, correcting and resubmitting spreadsheets. Database functionality is greatly limited and inefficient.
EASA allows you to create customizable, web-enabled apps, which provide all of the financial functionality of your spreadsheets but without the associated chaos. Data can be properly stored into an actual relational database, replacing the crude functionality provided by Excel. There is no coding required due to the low code nature of the EASA platform, allowing non-experts to create custom web applications easily. When you create a web app with EASA your existing formulae, macros, and VBA will remain completely functional, ensuring your spreadsheet continues to operate exactly the same and does not require any revalidation.
EASA’s ability to secure financial models in Excel means you can continue using your well-developed spreadsheets and avoid paying for costly commercial financial software or high-investment IT development projects. The customizable nature of EASA allows you to create a web app that is tailored to your needs, letting you include the functions you want from an existing financial model, and to generate the reports you need.
By creating a fully customized web application, the often confusing spreadsheet based user interface is replaced with a far more intuitive, error mitigating web interface accessible with only a web browser. Users access only the web app, and not the underlying spreadsheet itself. Thus it is not possible to alter or expose the logic or formulas, ensuring integrity and IP security. If desirable, web apps can be set up as “web portals”, allowing external entities such as customers, partners or other third parties to have access, again without in any way compromising the integrity or IP security.
Request a free project consultation with EASA so we can discuss your requirements and, if desired, provide you with a demonstration of the software.