WE CAN HELP YOU SOLVE THE BIG EXCEL PROBLEMS
Let us fix your Excel problem
Schematiq can fix even the most complicated Excel issue. Talk to the team and let us fix your biggest Excel challenge.
EXCEL HAS SOME ISSUES
Excel is over 30 years old, but remains one of the most widely used, most powerful and important software applications of all time. However, increasingly severe problems are surfacing that create risk and inefficiency in today's business.
COMPLEXITY OF FORMULA AND DATA NAVIGATION
Excel's unstructured format makes it difficult to lay out complex calculations with a flow of logic thats easy to understand and validate. Days can be spent unpicking important functionality when something goes wrong. Even worse, mistakes are not spotted at all, as seen in many high profile cases: a loss of $2bn, a $400m overvaluation and 10,000 missing tickets.
LOW EFFICIENCY AND HIGH OPERATIONAL RISK
When source data changes, with Excel, you typically need to repeat each step of data preparation. This could mean copying and pasting data, adjusting formulas, lengths of columns and tables to ensure the new data fits. All this consumes a huge amount of non-value adding time and increases the risk of an unseen error.
INABILITY TO COLLABORATE, CONTROL AND TEST
It's easy to develop functionality in a spreadsheet so users often embark on developing their own solutions when something similar already exists. This means duplicated effort and inconsistencies. Similarly, if an error is found in a spreadsheet that has been shared widely, it is impossible to track all instances of it and make the corrections.
CONNECTING TO AND HANDLING LARGE DATA SETS
Although Excel can now support over 1m lines of data per sheet, the performance can still suffer when complex calculations are applied on a small fraction of those.
Compounding the problem, there is little to no guidance on how to optimise formulas or where particular performance issues exist within a sheet.
SCHEMATIQ PROVIDES THE SOLUTIONS
CREATE LIVE 'DATA-LINKS'
With Schematiq, data is always pulled from source as a live data-link so that if the data changes your spreadsheet changes and analysis will always be up to date. Connectors include Microsoft SQL Server, Oracle, MySQL, Access, Haven OnDemand, Twitter, web pages, and many other file types. Additionally Schematiq can be rapidly extended to any other data sources you may have in your business.
Schematiq allows you to validate, transform and perform calculations on an entire data set in a single cell rather than copying and pasting down whole columns. This really unblocks the data limitations present in Excel whilst simultaneously reducing the size of sheets. Schematiq also allows you to see the result of each step of the transformation directly within the sheet, just like Excel.
The Asset Manager provides a central repository for all your business-critical spreadsheets where they can then be version controlled, receive audited updates and then be pushed to users when necessary. With our data-link innovation, spreadsheets can also be broken down into multiple functional templates and shared where people need specific functionality.
TRANSPARENT OF CALCULATIONS
One key factor to Excel's success is the transparency of calculation, allowing users to see the effect of numbers changing throughout the spreadsheet. This is an important principle that Schematiq always adheres to.