What is Financial Modeling with SAS?
Financial modeling with SAS is the use of software to enhance and increase the complexity of an Excel model. SAS helps improve the ability to perform consolidations, build more detailed budgets and add detailed drivers of revenue, costs, and profitability. It is typically used for enterprise clients on one integrated solution, compared to traditional budgeting and model building that relies on Microsoft Excel.
SAS is a software suite that was developed from 1966 to 1976 by SAS Institute for data management, advanced analytics, business intelligence, and predictive analytics. It can mine, modify and retrieve data from different sources and perform statistical analyses.
In the finance industry, SAS can help in a wide range of tasks, including integrated planning, budgeting, and financial reporting, as well as automation of key processes. SAS enables users to explore numerous scenarios and encourage better forecast development. The software allows finance professionals to perform on-demand consolidations to close books faster.