Business Functions is a function library for Microsoft Excel that's been around since 2002.
We think it makes business plans, budgets, structured financings and cashflows more powerful and manageable. We found that using standard functions makes models:
more adaptable, because a single function call can invoke a large variety of different kinds of behaviour.
more accurate, because, amongst other things, over the years we've built in quite a sophisticated date/time system that models time periods very accurately.
faster to build, because you can build from an existing palette of standard algorithms, rather than reinventing the wheel every time. Its more of a building block approach.
quick to run, because of the fast language the functions are written in (C++).
probably less error prone, because of the standard and tested behaviour of the functions. Be aware, that it doesn't eliminate the cause of spreadsheet errors, it probably restricts the errors to bugs in functions (yes it can still happen) and your misuse of them, which, to us, is preferable to wading through lots of spaghetti spreadsheet logic.
more transparent and understandable, because the function's name and documentation explains the intent of what's being modelled better than a hieroglyphic formula.
BF is therefore a comprehensive collection of projections functions that project cashflows and accruals with a high degree of daycount accuracy.
Some 500 or so functions do the dirty work of projecting costs and revenues, coping with time periods, growth etc. In many contexts it is a complete solution, allowing models to dynamically run on any timebase (quarterly, annually etc) by changing a single cell.
If you are still reading () you might want to look at our honest assessment of the Business Functions in The Problem With Spreadsheets, Business Functions Pros and Cons, When is BF appropriate? and Alternatives to Business Functions
When deciding on the best Business Functions alternative, consider these alternatives. Check out these other software with a similar interface and features as well.
ASAP Utilities is a powerful Excel add-in that fills the gaps in Excel. Since 1999 it has grown to become probably one of the world's most popular add-ins for MS...
Features:
Devart Excel Add-ins allow using powerful Excel capabilities for processing and analysis of data from cloud applications and relational databases, editing external data...
Features:
Powerful Raw Data Cleaner, Advanced Text Tools, Merge, Split and compare ranges, Worksheets and Workbooks.
Features:
Daniel’s XL Toolbox is a free, open-source add-in for the Microsoft Excel spreadsheet software that helps you to analyze and present data and increases your...
Quality of life add-on bundle for all versions of Microsoft Office Excel from 2007 on.
Essential Excel Add-In is a Microsoft Excel Add-In, written in VBA, that contains useful User Defined Functions (UDFs) and Macros to performs a number of different tasks...
Features:
TrueXL is an add in for MS Excel. TrueXL makes it easy to create charts and includes charts that are not standard in Excel like gantt charts, histograms, etc. It also...
Features:
Add your reviews & share your experience when using Business Functions to the world. Your opinion will be useful to others who are looking for the best Business Functions alternatives.
Popular Alternatives
iOS Alternatives
Android Alternatives
Copyright © 2021 TopAlter.com
Sites we Love: AnswerBun, MenuIva, UKBizDB, Sharing RPP