Excel Financial Modelling

Make the complex comprehensible. Reduce the risk of missing spreadsheet formula errors.
Our Excel auditing tools are made by industry leading experts.

Rapidly understand formulas

Navigate across all formula precedents and branches by using fully customized keyboard shortcuts. Easily compare two formulas or different branches and spot the discrepancies. Auditing formulas has never been easier.

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Formula Explorer

Know where you stand with spreadsheet risk

Get a measure of a spreadsheet’s complexity with our financial modeling tools. Receive a summary of an entire workbook, its layout and formula risk, delivered to you in an easy to understand report.

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Spreadsheet auditing

Compare spreadsheet versions and create an audit trail

Identify discrepancies and their origin in a systematic and structured way with our financial planning modeling software.

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Spreadsheet software to compare worksheets

Trace all the components of a formula

Thoroughly investigate formulas as you navigate through all precedents and dependents.

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formula walker ADAM v3 plus magnifyer

Get a visual representation of a spreadsheet’s layout

Identify formula inconsistencies and errors. Easily check to see if a spreadsheet is built according to best modeling practices.

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Spreadsheet software to map in Excel

Understand the logic behind complex formulas

Automatically reconstruct a formula in a safe environment to identify all the precedents and dependents down to the inputs level.

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OAK Reconstruct

Our financial planning modelling software in a nutshell

Learn more about Excel audit add-ins

If you want to get the most out of Excel, try using financial planning modeling software like the Operis Analysis Kit. Learn about how add-ins work, how to install them, and how they can be beneficial.

Microsoft Excel is one of the most widely used spreadsheet software for Windows. It is used in almost every business sector for creating graphs and data analysis. For Finance analysts, accountants, and project managers, the ability to use Microsoft Excel is considered an essential skill. Mastering Excel by harnessing the power of add-ins can help these professionals improve their proficiency with Excel.

Our Microsoft Excel add-in can simplify processes, saving you valuable time and making your spreadsheets more effective. Whether you are trying to create a visually appealing presentation or performing complex financial and data analysis, OAK can help.

Sign up now for a free trial of the Operis Analysis Kit to experience how it will boost your productivity and save time.

What are Excel Add-ins?

A Microsoft Excel Add-in is a software program that can be attached or embedded into Excel. These financial modelling tools allow you to access a number of additional functions and features in Excel.

There are many Excel add-ins available on the market today. Each one provides new custom functionality, giving more power to Excel. To function, they need to be enabled. Once enabled, they will automatically activate whenever you open Excel and are integrated with the toolbar and ribbon.

Excel auditing tools are independent software applications that are specific to Excel only and cannot be used with any other application of Microsoft Office. These Excel Add-ins seamlessly handle several tasks, such as creating, removing, and updating the data in the workbook.

Well-designed add-ins are versatile and great time savers. There are Excel auditing tools to boost productivity, add chartings and graphing capabilities, create visualizations, study data analysis and manage finances.

People use excel financial modeling tools to:

  • Interact with different objects of Excel
  • Use extended versions of the function
  • Add custom functions
  • Read and write Excel data more efficiently
  • Help you perform advanced data analysis function

How can we install Microsoft Excel Add-ins in windows?

To successfully use Microsoft Office or Excel Add-ins, you must follow two basic steps: installation and activation.

1. Installation of Excel Add-ins

Online add-ins are easily available on the internet. There are different kinds of Excel Add-ins available on the market for Windows and Mac. Installation methods vary from one type to another. Download any add-in from an authentic website and follow these instructions to install it.

You need to run the Excel or Microsoft Office setup program to install add-ins, which are installed with Excel. Go to the ‘File’ menu and select ‘Options.’

  • Select the option ‘Add-ins’ from the left menu
  • Select ‘Excel add-in’ from the drop-down menu and click ‘Go.’
  • If you have add-ins saved on your computer, click on ‘Browse’ in the ‘Add-ins’ dialogue box.
  • Select the add-in you wish to install and click ‘OK’
  • After installing Excel add-ins,  you’ll need to close your Excel workbook. When you reopen it, you will find the newly installed add-ins in the ‘Add-ins available’ box.
2. Activation of Excel Add-ins:

To activate these add-ins click on the ‘file’ tab, select ‘options’, and then click ‘Add-ins’. Select ‘Excel Add-ins’ from the Manage dropdown list and click ‘Go’.
Check the box for the add-in that you want to activate. If you want to remove an add-in, deselect it and click ‘OK’.

How to select the best Excel Add-in for you?

There are a lot of add-ins available on the market, and each of these Excel add-ins has a specific function. It all comes down to what additional features or functions you are looking for.

When selecting the right Excel Add-ins, you should gather all the necessary information regarding the tools it includes. You should choose them based on ease of use, compatibility, features, and pricing. Wondering what our add-ins could do for you but don’t want to spend money right away? Sign up for a free trial of OAK to experience our helpful features for yourself.

How can financial analysts use Excel Add-ins?

Excel functions are essential for a financial analyst, and being an expert in Excel is non-negotiable. They need to perform accurate financial analysis using Excel daily.

Excel add-ins from Operis Analysis Kit supports professionals by performing calculations at a much faster rate than usual. Our tools can:

  • Find potential errors
  • Investigate formulas
  • Compare different versions of a model

How accountants can use Excel add-ins?

Just like finance analysts, accountants also need to keep track of the accounts and other monetary matters for which Excel is widely used. Time management is the most crucial skill an accountant should have.

The OAK Excel Add-in supports them with:

  • Creating time-saving shortcuts
  • Simplifying financial analysis calculations

Trusted by Professionals Worldwide

“OAK saves time for those that use a lot of excel and typically justifies it’s cost quickly.
For instance, at Lightsourcebp, models are shared around the office and updated by multiple departments.
A tool like OAK comparison tool makes it really easy to see what was changed when a model makes it back to us and when we want to see how things have evolved between key milestones internal or external, such as between IC’s.”

Kin Tang – LightsourceBP

“I have used OAK for almost a decade now.
It has been a great tool across advisory, buy-side and now a sell-side role in the Infrastructure Investment space.
As my roles had a heavy focus on the review and build of financial models, OAK’s features allowed for quick and easy sense-checking and file comparison.
It has really enhanced the self-review and peer review process for me.
The OAK Product team are very supportive and efficient in response.”

Elizabeth -Investment Manager

“I have been using OAK for over 5 years now.
It is a great, user-friendly Excel add-in that speeds up model reviews and allows it to be done in a more organized way.”

Kasia – Financial Analyst

“At Revantage, we are regularly using, and building, advanced excel based models.
Therefore, quality controls and in-depth reviews are intrinsic to our practice and are required to ensure that our models are effectively delivering the outputs that we say they are. OAK manages to simplify this process by identifying a variety of errors, some of which would be near impossible to recognise without the assistance.
Additionally, OAK is able to flag disconnects between models that should be identical formulaically, but that display discrepancies after use by different stakeholders.”

Joseph

“OAK has been very helpful in our ability to build models with confidence that we have consistent formulas through the Map feature.
I’ve also used the Compare feature many times which is great at highlighting differences between files.
The benefit of this feature is huge in our work considering we work on the same files as the partners we work with.”

Sheel

“I’ve recently been introduced to the Operis Analysis Kit (OAK) Excel add-in and I find it to be a remarkable add-on to Excel, improving Excel’s capabilities vastly, particularly for scientific research and teaching.
As a professor who runs a large and active research team in the field of environmental chemistry, I frequently exchange complex spreadsheets with my students or postdoctoral researchers.
We all know that a single error in a large spreadsheet can propagate to infect a massive dataset. Normally, inspecting a spreadsheet for potential errors in formulae and calculations is a very time consuming process. OAK greatly streamlines this process, and enabling me to zero in on the possible sources of error (if there are any), and accomplishing in minutes what has previously taken hours.
OAK has enormous potential for application in Science, Technology, Engineering, and Math (STEM) education and research.
The revolutionary capability for error analysis and quality control in Excel workbooks is likely to attract many folks to the fold, particularly if the specific applications are made clear to the academic community.”

Jon Chorover – University of Arizona