Are you in for boosting your productivity dramatically? Do you want to experience new ways of doing things? Do you want to explore new functionalities, which will help you collaborate and work better? If yes, you should move to Google Sheets today! Thanks to the emergence of these online productivity tools, we can noticeably enhance our business operations.
Pertaining to the benefits it offers, companies have moved thousands of their employees to Google’s G Suite. They have witnessed a remarkable boost in their business operations by using spreadsheets and slides for presentations on a daily basis. If you are still working on Excel sheets then know that that was a thing of the pre-cloud era. Also, you are missing out on tons of productivity-enhancing functions and features. You need to embrace the future and switch to better solutions.
Whether you own an accounting firm or you provide financial staffing solutions, here is why you should move to Google Sheets now!
Better Collaboration
This is perhaps the most immediate and important benefit of using Google Sheets. You will be able to collaborate effectively in new ways. You don’t have to stick to old school working methods anymore where you had to share the master file on a shared folder or painstakingly email it around. Sheets offer a variety of collaborating modes. They range from the asynchronous mode for working independently and alert teammates and assign tasks, to real-time and simultaneous collaborative editing features.
Shared editing of a spreadsheet in real-time is a powerful way of collaborative working. Multiple cursors in a variety of colors, working together to build a financial model and moving across the screen is a perfect example of how collaborative work is done.
Also, you can manage the level of access rights for different individuals ensuring tight security.
Linking Charts to Google Slides
Wrangling or raw spreadsheet work is a part and parcel of any finance professional’s daily routine. But it’s challenging to communicate the findings in a compelling and cogent way and if not presented well, the analysis is reduced to little value. Therefore, charts and presentations come into context here since they are staples of an efficient financial toolbox.
The link between Slides and Sheets works well. You can easily ensure that your tables and charts are updated. The update button allows you to pull up the latest data of all the underlying calculations, modeling, and assumptions. Whenever you are handling a large project, make sure Google Sheets and Google Slides are working side by side for your own ease and convenience.
Version Control
Have you ever had the agonizing experience of having a crashed spreadsheet beyond recovery? It results in multiple hours of lost work. And once you have had such an unfortunate experience, you get into the habit of saving files frequently. The result? Several iterations of the same file with tedious version updating!
Guess what! G Suite products come with version control. And it is possible to maintain a single version of a file throughout the project’s life. Through version control and version history, you can follow all the edits ever made to the document in question. You can track the changes made by different individuals through the handy timeline. Everything is automatically saved. That’s right!
Therefore, don’t hassle yourself to press the F12 key after every few seconds. All you need to do is to increment the number of versions and save. Enjoy peace of mind with Google Sheets!
Working at Scale
Some people and even professionals have the notion that Sheets only work well for small calculations, just like an advanced calculator. They think that Sheets can’t handle large datasets and models. This is not true! If you are a seasoned finance pro, you will be impressed by the performance of Google Sheets for operating large datasets and creating valuation models. Even if you are maintaining a temp-services hiring list of thousands of candidates, Sheets can handle that easily!
Copying and using a new formula across a column of more than 20,000 rows takes less than 10 seconds! One of the best features of Sheets is the small and useful progress bar that you see in the corner of the screen. Unlike Excel, that leaves you guessing, this bar is reassuring that you are going somewhere.
