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Charging Up Excel

Finance executives love Excel, but spreadsheets are error-prone. Now, finance executives can have Excel and security, too.

By Staff Writer | Updated on May 01, 2007

Given the ubiquitous presence of Microsoft Excel spreadsheets throughout the business enterprise–Microsoft estimates that there are upwards of 400 million Excel users worldwide–spreadsheets are among the most widely used business intelligence (BI) tools. The one problem: They are very prone to error from manual keying. Enter Cognos, a BI and business performance management software provider, with Cognos 8 BI Connector for Excel, a new capability that links the centrally controlled and secure information platform of Cognos 8 BI with the flexible and intuitive spreadsheets that Excel power users are comfortable with. The solution allows users to draw upon a more secure and complete view of enterprise information and enables them to make better decisions. “Within the office of finance, there are people who already consume BI from Cognos, as well as reports and analysis from Cognos 8 BI. But they need additional capabilities in Excel,” says Delbert Krause, director of performance management product marketing for Cognos. “Typically, these users leverage Excel in a sophisticated manner.”

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