When building financial models, it may be helpful to have an Excel Add-In that can help speed up your modeling. Examples of how an add-in can help are with creating custom shortcuts for formatting, formulas, custom functions, auditing, and more. While they may help, they are not necessary, and CFI courses teach you how to model using only the native Excel software.
An Excel add-in is a software that gives new features to Excel, enabling professionals who are into financial modeling to save time, minimize errors and avoid repetitive work. These are created by third parties to complement the existing functions of Excel.
Many don’t realize that Excel add-ins provide a whole new level of speed and convenience. A quick search online and you’ll see that there are so many Excel add-ins to choose from. Some are a time-saver when analyzing data, while others increase productivity and help manage tasks more efficiently.
CFI is the official global provider of financial modeling and valuation analyst FMVA Designation. CFI's mission is to help anyone become a world-class financial analyst and has a wide range of resources to help you along the way. In order to become a great financial analyst, below are some additional questions and answers for you to explore further:
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To learn How to Build an Excel Model step-by-step, click on the image below.