Will Financial Modeling in Excel Be Dead Soon?(unvritt.com)
unvritt.com
Will Financial Modeling in Excel Be Dead Soon?
https://www.unvritt.com/story/will-financial-modeling-in-excel-be-dead-soon-zlbsn/view
6 comments
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The spreadsheet will remain an invaluable tool for real world stakeholders for any foreseeable future (civilization standing.)
Those who write the finest queries shall remain a privileged “magician” class.
Those who write the finest queries shall remain a privileged “magician” class.
I myself is a financial modeling expert. In fact, I am global level trainer in big4 but truth be told, things are changing. This is a data driven analysis. I work in this very industry for over a decade. I suggest you give the story a read and then I will be happy to have an open discussion.
next I will make sure I dont have a headline ending with ?. thanks for the suggestion. This is a data driven analysis. I work in this very industry for over a decade. I suggest you give the story a read and then I will be happy to have an open discussion.
Asking Google about the normal typical cost of deployment of Pigment or Anaplan: "Pigment pricing starts around $500-800 annually per Explorer seat, with Contributor and Editor seats costing more, leading to a total cost of $75,300-$106,250 annually for a Professional configuration. Anaplan, a competitor, has pricing that starts around $200,000 per year, but final costs depend on company size and model complexity. Pigment is best for companies seeking a modern, visual, and flexible planning platform, while Anaplan is more suited for enterprises with highly complex, structured, and large-scale planning needs."
Those platforms are targeted to big companies, but I doubt that the author (as me I'm doing for a living) has any idea about the capability of spending of small/medium companies and the budget allocated to the financial modeling (if any).
Anyway, speaking about talking after reading, my answer is yes, Excel has and will have a place for financial modeling and the article isn't providing any concrete evidence of the contrary.