5 Finance VBA automation opportunities

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5 Finance VBA Automation Opportunities

  • Boring manual tasks such as account reconciliation and variance analysis. What a waste of time and effort. With Excel and VBA automation tools, there’s no longer any need to perform these manually.
  • Reducing human error. We are only human and prone to making mistakes. Some mistakes are extremely costly for a business. TransAlta, a big Canadian power generator experienced a simple spreadsheet error that cost the firm a whopping $24 million. It is estimated that around 80% of manually generated Excel sheets contain mistakes or gaps in information.
  • Ensuring improved consistency: Despite best practices, many finance team members have their own methods of doing things. Automating processes creates greater consistency within finance teams, reducing the chances of mistakes and information gaps.
  • Using your data more beneficially: Automation of real-time data collection increases the utility of business information, allowing people to make informed decisions at an early stage. This reduces the potential for loss.
  • Reducing the opportunity of fraud: Automating standard finance tasks makes things a lot more secure and reduces the opportunity to commit fraud.

Read more about Excel Automation for business

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Hey, I’m Arnold Muscat. I’m determined to make a business grow and VBA Automate tasks. My only question is, will it be yours? Send us an email

About YEBOIT & Arnold Muscat

He is the CEO of Yeboit a South African-based company as well as the co-founder of College Africa Group an International training service provider. His vast practical experience in many Industries and positions ensures that most aspects of any VBA Automation and the integration with other Departments or packages are not overlooked.
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