Ritesh Patil - Co-founder at Mobisoft Infotech https://www.theproche.com/author/ritesh/ Thu, 27 Apr 2023 09:27:02 +0000 en-GB hourly 1 https://wordpress.org/?v=6.3.2 Top 8 Uses of Microsoft Excel in Business https://www.theproche.com/top-8-uses-of-microsoft-excel-in-business/ Wed, 17 Nov 2021 09:24:56 +0000 https://www.theproche.com/?p=10305 Excel is a software program created by Microsoft to sort out numbers and data with functions and formulas. Excel’s analysis is used by all kinds of businesses to carry out a financial analysis. Its capability is well-known in the business world. This software program has grown to become a very prominent, all-purpose tool. Its spreadsheet […]

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Excel is a software program created by Microsoft to sort out numbers and data with functions and formulas. Excel’s analysis is used by all kinds of businesses to carry out a financial analysis.

Its capability is well-known in the business world. This software program has grown to become a very prominent, all-purpose tool. Its spreadsheet program can store, analyze, organize, report, and visualize data.

In business, Excel is used to perform both simple and complex tasks.

Excel can be integrated with other MS Office tools like PowerPoint and outlook for limitless possibilities. This software is used in different industries to aid their operations at all levels

To use this program, businesses need experts with broad knowledge. That is why Excel training is critical for your employees. It ensures that your business is successful and ready to be competitive in your field. So what is Excel training?

It’s a process where you’re taught the basics about entering data. You also learn how to perform calculations and work with many worksheets. Other lessons covered in Microsoft Excel classes include VLOOKUP and the IF functions.

The other advantage of taking part in MS Excel training courses is learning how to create named ranges in Excel. There are various reasons to use named ranges in Excel.  One of them is that it enables you to make spreadsheets dynamic and easy to read. It also makes it easier to read workbooks. This knowledge makes employees more efficient and it saves time.

Employees should get encouraged to enroll in the Microsoft Office Excel online training. It ensures that they gain the necessary skills right from entry-level to advanced skills. Online Microsoft Excel courses include the use of tutorials for beginners. Most free online courses assume that learners are at the beginners level and the tutorials come in handy.

The following are some of the Microsoft Excel short courses:

  • Microsoft Excel 101 – An introduction to Excel
  • Microsoft Excel 102 – Intermediate level Excel
  • Microsoft Excel 103 – Advanced level Excel
  • Master Microsoft Excel Macros and VBA in 6 simple projects

Going through Microsoft Excel training of the above short courses empowers employees. It takes away the pain of having to stumble through their daily tasks. Once Excel training is complete, employees will have mastered the popular Excel tools. That will give them the confidence to perform tasks with grace.

The importance of taking Microsoft Excel short courses is that it improves productivity. It also reduces the occurrence of errors such as loss of data.

Uses of Microsoft Excel in Business

Microsoft Excel has several functions that can benefit businesses in any industry. In this article, we’ll discuss how businesses stand to benefit by using Microsoft Excel. Follow the discussion below.

1. Office Administration

Excel is an important tool in managing office activities. This is taking into account the daily activities of office administrators. A substantial amount of their activities are done using Excel. From keeping records, financial planning, billing, to invoicing.

By using Excel, business processes can be outlined using checklists and task lists. It helps to keep a close eye on the progress of business activities. Administrators can also track projects and follow up on activities that need to be accomplished.

Excel enables office administrators to ensure that business runs smoothly and efficiently.

2. People Management

When it comes to Excel’s functionality, organizations know that it’s more than just figures and computation.

People are assets in business and Excel is very effective in managing people. Excel spreadsheets help to store, maintain, and retrieve people’s personal information. Businesses can organize and track employees, clients, and prospects’ information.

What this means is that a lot of data can get exported and managed in Excel. Spreadsheets help to record personal information like names, emails, and work schedules.

Being a resource that helps to manage people in an organization, Excel is a powerful tool for HR managers. It helps them to stay on top of their game, right from training management to employee turnover.

3. Data Analysis

Assume that you have a large pile of data and you have to draw insights from it, but you don’t know how to go about it. Businesses that use Excel would have an easy time handling that. Excel enables you to manage and synthesize clear communicable results from such data.

The pivot tool enables you to merge and focus on specific segments of the data. So what’s a pivot tool? It’s a feature that enables you to calculate, summarize, and carry out data analysis. As a result, users see patterns, comparisons, and trends in their data. They can then create snapshots and use them as interactive summary reports.

4. Client Relationship Management

Excel helps in keeping and sharing client records and maintaining a good relationship with clients. Through this, clients are retained and the number of sales increases.

Data analysis from clients’ information helps to improve the interaction with clients.

Integrating Excel and CRM software helps to improve processes like sorting contact data.

5. Operation Management

The Excel tool is essential in managing service operations or manufacturing. This includes managing the strategic and daily production of goods and services. In terms of inventory tracking, organizations use Excel to control the inventory flow.

Small businesses prefer to use Excel because it has the ability to handle a lot of tasks. It enables them to manage their suppliers and client transactions. They’re also able to manage time and schedules. That’s not all. Excel is also reliable and affordable, making it a good choice for startups.

6. Reporting and Visualization

Businesses can use data from raw data sets and pivot tables to produce charts and graphs. They can then use the charts and graphs to make presentations and provide formal reports.

The creation of charts and graphs enables the audiences to visualize data in a manner that creates maximum impact. It also provides different perspectives about trends and business performance.

Excel also has a wide range of ready-made chart templates. This allows you to tweak details like axis values, color, and text comments. Visual reporting can be used in many sectors of business operations. For instance, marketers can use the column chart to report the success of an ad campaign.

7. Data Entry and Storage

Excel is a very good tool for data entry and storage. It can store as much data as you’d want. The only limitation to Excel’s file size would have to be your device’s computing power and memory.

The Data Form feature also makes it easy to input and view data. It allows users to produce customized data entry forms tailored for particular needs. It can also be used to build and keep clients’ mailing lists.

8. Accounting

Excel is a favorite tool for accountants. This is considering that it’s compatible with some accounting software. The spreadsheet software is used to carry out accounting activities.

Accounting is considered Excel’s main function. It keeps track of an organization’s financial transactions. It also helps to prepare financial statements, create balance sheets, and set budgets.

Conclusion

Excel is an essential tool in this age of big data where content is “King.” Thus, we cannot ignore the capability of such an established program. This is despite the competition in the rise of different sophisticated analytical programs.

Excel’s compatibility with other business software makes it a powerful program. It’s used with other programs since data is always moving in and out of Excel.

Excel keeps getting updated in line with the current data-driven milieu. Note that the use of this software needs experts with broad knowledge and hands-on experience.

FAQ

Who uses Microsoft Excel?

People who are working in the finance industry predominantly use Excel. The amount of flexibility it offers, this is the complete data management tool. There are organizations who run their entire projects on Excel sheets.

How many hours does it take to completely learn Excel?

The estimated time it will take to complete the certification in Excel is around 150 hours. During this course of time you will be well versed with the different advanced concepts like VLOOKUP, Macros and other things.

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Complete guide of Credit Card Fraud and Cybercrime https://www.theproche.com/complete-guide-of-credit-card-fraud-and-cybercrime/ Mon, 20 Sep 2021 05:24:15 +0000 https://www.theproche.com/?p=9641 Credit card fraud can happen in two different ways nowadays. The first one is the traditional way of physically stealing someone’s card and using it to make purchases. However, this method has declined in recent years because of the introduction of Mastercard, Europay, and Visa (EMV) chips. Today, credit card fraud happens more without physical […]

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Credit card fraud can happen in two different ways nowadays. The first one is the traditional way of physically stealing someone’s card and using it to make purchases. However, this method has declined in recent years because of the introduction of Mastercard, Europay, and Visa (EMV) chips.

Today, credit card fraud happens more without physical credit cards. The current method of stealing from credit cards is best described as a form of cybercrime. This article will take a more in-depth look at credit card fraud and its connection to cybercrimes.

Read on to find out more.

Understanding Credit Fraud and Cybercrime

Credit fraud is best described as using someone’s credit card to obtain their money fraudulently. As mentioned earlier, it can involve stealing a physical card or just their personal information. Once a criminal accesses either of these, they can buy assets or steal money using several techniques.

On the other hand, cybercrime is any crime that is orchestrated online. Credit card fraud that starts online, for example, on a social media platform, qualifies to be a cybercrime. It can also begin with criminals hacking into a company’s customer database and obtaining important customer credit card details.

The internet has significantly increased the threat landscape of both individuals and businesses. It has also provided cybercriminals with new ways of targeting customer information. Instead of targeting a single credit card, attackers can steal thousands of customer credit card information.

Customers and companies have roles to play in preventing cybercrime, especially credit card fraud. As a customer, you should protect your personal information from prying eyes. Companies should also invest in online security systems and have a fraud detection and prevention plan in place.

These efforts can help prevent identity theft and financial losses that result from credit card fraud. This is especially true now that research shows that credit card fraud is the most significant source of identity theft. Taking these steps will help mitigate the threat that credit card fraud poses to businesses and customers.

How Cybercriminals Steal Credit Card Information

Understanding the techniques used by cybercriminals to steal credit card information is vital. It will help you come up with ways to mitigate the risks and stay safe online. Cybercriminals use the six main methods we’ll discuss below to steal customers’ credit card information. 

Let’s check them out.

  1. Data Breaches

Data breaches have been rising in recent years with no signs of slowing down. Most of them have involved the hacking of systems that store credit card information. Credit bureaus are among companies at a high risk of credit card fraud because they hold massive customer data.

These bureaus and other companies that handle credit card information need to invest in cybersecurity. For instance, they can freeze credit cards and reports for their customers immediately they detect a breach. Customers, too, can contribute to safety by being vigilant of their credit card activity.

  1. Phishing

Phishing through websites, emails, phone calls, etc., is possible in today’s digital environment. Cybercriminals can impersonate your card issuer or another trusted institution to try and steal your data. For instance, a caller can pretend to represent your card issuer looking to verify your details.

If you fall prey, your credit card information could be used to get a new card within a short time. You will then end up losing a lot of money to the criminals. Therefore, it’ll be best to be careful with the emails, calls, and messages you receive. Also, call your card issuer on their official numbers to report incidents. 

  1. Your Trash

Trash may not be helpful to you, but the reality is that it can be invaluable to credit fraud criminals. This old-fashioned hacking trick is still used for credit fraud even though it rarely happens. A criminal can dig for sensitive information from past statements and other paperwork disposed of in your trash bin.

They can then use this sensitive information to their advantage and steal from you. The best way to prevent this from happening is by avoiding the paperwork. For instance, you can sign up to receive e-statements by email. If you must receive statements in hardcopy, shred them before disposing of them as trash.

  1. Skimming

Credit card fraud can also happen through skimming, a popular offline method used by hackers. Most credit card fraud done through skimming occurs in places with card readers like gas stations. Criminals interfere with the machines and add skimming devices that help them gather credit card information.

Others use radio frequency identification technology to read credit card information remotely from personal devices. The best thing is to check card readers and confirm that they’re not tampered with by criminals. You also should ensure that the card issuer has invested in good encryption to prevent RFID skimming.

  1. Public Wi-Fi

Cybercriminals lurk everywhere on the internet, including on unsecured Wi-Fi networks. Connecting to Wi-Fi networks in public places like hotels, airports, etc., can expose you to credit card fraud. You should limit the use of public Wi-Fi to other things and not accessing sensitive online information.

You should also consider using security tools like VPNs if you must use public Wi-Fi. These tools will keep you anonymous and reduce the risks you’ll be exposed to online. Otherwise, stick to using private internet provided by service providers.

  1. Malware

Another thing you must avoid is downloading malicious software to your device. Cybercriminals can send you links to malicious software that downloads in the background once you click on the link. The software contains a keylogger that scans sensitive information and sends it to the hacker.

The best way to prevent this is to avoid accessing malicious websites. Verify the legibility of the source of software before downloading it to your device. In addition, investing in malware detection software can help prevent credit card fraud.

Conclusion

Credit card fraud and cybercrime have increased in recent times. Knowledge can be one of the most effective tools in your arsenal that can save you from credit card fraud and cybercrime. 

Being able to identify techniques that cybercriminals use for credit card fraud can be helpful. This article has explored everything you need to know about credit card fraud and how to prevent it.

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4 Most Annoying Mac Troubleshoots https://www.theproche.com/4-most-annoying-mac-troubleshoots/ Wed, 11 Nov 2020 09:25:04 +0000 https://www.theproche.com/?p=6661 Due to Covid-19,  most Mac stores are handling customer queries from telephonic inquiry or via chat. But, there are some issues that one cannot avoid like system slowdown, hardware issue, application problem, or Mac on/off issues. When your Mac starts creating these troubles, all your work and productivity suffers. Even the employees feel frustrating when […]

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Due to Covid-19,  most Mac stores are handling customer queries from telephonic inquiry or via chat. But, there are some issues that one cannot avoid like system slowdown, hardware issue, application problem, or Mac on/off issues. When your Mac starts creating these troubles, all your work and productivity suffers. Even the employees feel frustrating when glitches start attacking the system.

If you are too suffering from the same issues or working with Mac, there are high chances of meeting the problem. Therefore, before the problem becomes worse, you must know these 4 Most annoying Mac troubleshoots and the way to deal with daily hiccups.

Lost files

The first thing you may experience is losing files on your Mac. This could be due to using disk memory when it is full. Then it starts deleting files automatically or saving them somewhere else. You can simply find the files by pressing Cmd+[Space] to open the search bar. Once it is open, start pressing the file name after each letter pause.  It helps the system to find more files with the same letter. If you are getting files from other locations, or not getting files, it is great to stop using the current disk and replace it with a new.

Switching is slow

The latest technology Mac hardly meets with apps switching issues. Because RAM has infinite space to install or work on lots of data. But, Mac works with ‘virtual memory’, therefore there could be a chance for Mac OS X to run out of space in RAM. Some of the files could move to a hidden temporary file on the hard disk. So, the ideal solution for Mac free space is to delete unwanted files. You can also define a switch between major and larger apps to save time.

Documents open in the wrong app

Opening of documents in sources where you are not comfortable could be a little annoying. For instance, if you are comfortable with JPEG format to view photos, but your Mac is showing images in Photoshop. This could be a little disturbing, as you are habitual with JPEG format. To switch between apps press Cmd+I (Get Info). Go to open, select preferred app, and click on change all. Once you confirm the changes, all your photos will start appearing in JPEG style.

Mac won’t start

You, Mac, is not responding when switching it on means there could be a blown fuse in the plug. Therefore, check it first before moving ahead. Mac has a feature to power it on self-test to boot up and find faults. The three beeps on the system mean you need to install new memory and your Mac model name. Four and five beeps mean the issue lies with ROM and you will need professional help. Keeping above mentioned four issues and their solution, you can quickly resolve Mac troubleshoots. Remember, do not forget to clean your trash after a fixed interval. Even still the problem last, do not make delay to call experts for assistance.

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5 Keys to Success When Working Remotely With a Client https://www.theproche.com/5-keys-to-success-when-working-remotely-with-a-client/ Sun, 20 Sep 2020 09:56:44 +0000 https://www.theproche.com/?p=6209 Are you one of those people who feel fear and nervousness when they hear about working remotely, or do you feel like you have been freed from the shackles of indentured servitude? Whatever psychological effect working remotely has on you, you should know that many people before you have done it and are still doing […]

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Are you one of those people who feel fear and nervousness when they hear about working remotely, or do you feel like you have been freed from the shackles of indentured servitude? Whatever psychological effect working remotely has on you, you should know that many people before you have done it and are still doing it with considerable ease. These days, working from home is neither a lifestyle choice nor an emergency measure, instead companies are already exploring ways to adjust with this new culture and investing in productivity monitoring software to track employee productivity.

Through remote working, companies are improving employee morale, achieving better retention, and attracting skilled candidates who are located far away. But how can you stay creative, inspired, and positive and fulfil all the expectations you have from yourself? Here are a few tips that will help you lead a rewarding, enjoyable, and successful remote work life.

Reduce Barriers to Achieve Success

When it comes to reducing barriers, there are many ways to do so, but one of the most basic ones is to organize your work in order to simplify productivity. Whether you are working from the comfort of your home or in a coffee shop offering free WiFi, you need to be organized. It could be small things like knowing where the backup drive is located, or where you can find a certain spreadsheet on your desktop or laptop.

At times, organizing your workspace can make you feel like you are wasting time. You might think you would be better off replying to emails and finishing urgent tasks, and so you might neglect these things. But you should keep in mind that strategic organization can enhance your productivity.

As such, it is a good idea to bring in some organization into every little task. When your environment is messy, your mind is disorganized as well. A few minutes of systematic thinking can save you long hours of frustration in the future.

Connect With Your Team

While working from a remote location, you may not want to communicate as much as usual because you don’t wish to bother people. But you should know that nothing makes people more excited to work than being a part of a well-connected team.

When you are in an office, you often run into a colleague while taking a break and can talk about your weekends and other stuff. Although it may seem like a trivial occurrence, these little interactions enable better communication among employees, strengthens relationships, and creates a loyal bond that leads employees to help each other out in tough situations.

When employees in a company communicate, it creates a culture where each member of the community looks after the other. This means you can take on a task your colleague cannot complete because of time constraints, and they in turn can edit your reports and such.

So it is important that you reach out to your colleagues and offer timely updates to your manager. When you are working remotely, it is difficult for your supervisors to keep track of what you are doing, so you should always keep them in the loop.

Manage Your Energy

It makes more sense to manage your energy rather than managing time which is not always on your side. Your energy is something you have control over, and producing more effective energy can help you in getting your work done efficiently.

There are simple rituals you can introduce in your daily routine in order to find more energy. For example, you can set aside 15 minutes each in the morning and afternoon for walking sessions. Although you might feel like you should finish writing that final email before taking a break, this short walk can increase oxygen levels in your brain, get your blood flowing, and enhance your energy.

It is also important that you practice meditation and exercise for your physical and mental well-being. You should build a schedule for these energy-building activities that will give you lasting and effective results in your work life.

Invest in Reliable Technology

It is more than obvious that you need a strong WiFi connection in order to work from a remote location. Without good connectivity, you can’t connect with teammates or receive assignments. This is a basic need when it comes to working remotely so you should compromise on it.

If your home WiFi is not working, you should have a personal hotspot ready. If your personal hotspot is prone to glitching, make an arrangement with your neighbor to share their WiFi during an emergency situation. You should also know about the closest place where you can get public Wifi.

However, WiFi is not the only tech you need to consider in this scenario. Working remotely often means attending long video calls where you need to be attentive. A pair of noise-canceling earphones come in handy, especially if you are working in a public place with a lot of background noise. You can also invest in wireless mouses and keyboards that will allow you to work with increased efficiency.

Punch The Clock

One of the most common complaints people have with working remotely is that they are effectively always at the office. When you are working remotely, you don’t find it too hard to work just a little bit more. Since your system is right there beside you, you may feel guilty about relaxing to music or reading a book.

But this can lead to exhaustion, stress, and lack of sleep that can be extremely harmful to you. So you need to set a schedule for yourself and follow it religiously. You should remember that the office is not your home and after you are finished with your work, you can put it away until the next day.

Once you learn to follow these 5 keys, remote working will feel like work as usual. By having a meaningful connection with your colleagues and learning how to manage yourself, you will feel like working remotely is a blessing.

If you want to know more about the topic and other matters, you can visit Oberlo where there are courses, podcasts, free ebooks, and videos that can help you out.

If you are looking for a reliable source to hire an Android app developer, then do let us know. We can help you build and release that app successfully.

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