TRENDING REPORTING COURSES
Power BI | MS-SQL | ETL with SSIS | VBA | SSAS
Advanced Excel | MIS Reporting | Power Query
VB Programming | VBA | MS-Office Automation
Power BI | Power Pivot | Power Query | Basic DAX
Advanced Excel | MIS Reporting | Model Building
TAILORED BI REPORTING COURSES
BY INDUSTRY
10 Hours
Before Automation
30 Minutes
After VBA Automation
9.5 Hours
Time Saved per month
Company Profile: A London-based British multinational banking and financial services company with a global footprint. Operating in over 70 countries, the company boasts a network comprising more than 1,200 branches and outlets.
Need for Automation:
In addressing a recurring monthly challenge, our Finance team at the British multinational banking and financial services company, headquartered in London, grapples with the generation of 23 cost center reports and over 20 individual reports during the first week. This manual process currently consumes 10 man-hours monthly. Additionally, there's a consistent requirement to update Year-to-Date (YTD) spending figures. Quarterly, adjustments become necessary in the consolidated cost center report, posing the risk of duplicate paste errors and other human-prone mistakes, demanding subsequent reconciliation efforts.
Recognizing the inefficiencies and potential errors in this workflow, there is a critical need for automation. By utilizing Microsoft Excel VB Programming (Macro), our objective is to streamline the monthly report generation, automate YTD figure updates, and improve the accuracy and efficiency of quarterly estimate adjustments. This automation initiative is strategically crafted to save time, minimize errors, and enhance the overall integrity of our financial reporting processes.
Cost-Benefit Analysis (Post Macro Implementation)
| Activity # | Description | Frequency | Time Consumed - Manually | Time Consumed - After Automation | Total Time Savings Per Activity (per day) | Total Time Saved Per month |
|---|---|---|---|---|---|---|
| 1 | Cost Centre Reports | One time in a month | 10 Hours | 30 Minutes | 9 hrs 30 mins | 114 hrs |
Cost-Benefit Analysis (Post Macro Implementation)
Description
Cost Centre Reports
Frequency (Monthly)
One time in a month
Time consumed manually
10 Hours
Time Consumed for automated activity
30 Minutes
Total time savings per activity
9 Hours 30 Minutes
Total time saved Per month
114 Hours
Join our 10-day online session and learn how to automate your Excel reports and processes using VBA Programming. No prior programming experience needed!.
Upcoming Schedule:
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