Excel can be a good tool for modeling but when it comes to analysis and reporting, its limitations are clear. Yet it has been and continues to be the go-to tool for just this purpose. However, in today’s fast-paced world, the limitations of Excel are more apparent than ever, and analysts are seeking a better solution for analysis and reporting.
Analysts face two main pain points:
In an Excel ecosystem, keeping up to date with new data is time-consuming and error-prone, as it requires continuous manual updating of Excel models with actuals and other valuable information.
If someone asks a question that existing models haven’t been designed to answer, you have to either start from scratch or scramble to find the right information through other sources. This can be a real source of anxiety about being asked questions your Excel models aren’t capable of addressing.
These limitations became painfully apparent during the COVID-19 pandemic, as new questions arose about tenants’ ability to pay rent and the need for up-to-date tenant reports – questions the existing Excel models simply weren’t built to answer.
There is a Better Way
In 2023, it’s time to move beyond static Excel ecosystems and embrace more dynamic, efficient solutions. You need a better way to handle the vast amounts of data required for real estate investment management without feeling overwhelmed by the time and stress involved in analysis and reporting.
In short, you need a solution that can:
- Automate routine tasks and simplify reporting, reducing the time required to produce accurate, up-to-date reports.
- Easily adapt to new questions and requests – particularly unexpected ones – eliminating the stress of being asked to provide reports your existing Excel models can’t provide.
This type of solution brings all your data together in one location, allowing you to focus on becoming an expert in real estate, rather than just an Excel expert. You’ll be able to focus on your true passion and expertise, rather than being bogged down by the limitations of Excel.
It’s time to leave the old Excel ecosystem behind and embrace a more efficient, flexible, and powerful solution. By automating tasks, simplifying reporting, and providing easy access to reliable information, Pereview allows you to focus on the bigger picture of real estate investment management. Want to know more? Contact us today to discover how Pereview can revolutionize your processes, giving you more time to do your job and delivering confidence in your analysis.
To learn more about how Pereview can help you escape the limitations of Excel, check out our blog posts or follow us on LinkedIn.