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You've probably experienced it before: government regulations are changing again, and you have to move quickly to get your budget in order. Or you are faced with a new subsidy scheme and wonder how you can incorporate this into your financial planning without errors. The financial landscape in education can be quite challenging, with all the fluctuations in funding and changes in legislation and regulations.
But there's good news: you no longer have to wade through this alone. Current government data can help you maintain an overview, as long as you have access to the right tools and software that process this data for you in real time. How does that work and why is it so important? Let's delve into that in more detail.
Excel, the tool that has been a trusted companion for financial professionals in education for years. Budgeting, building reports, forecasting—for many educational institutions, everything begins and ends with that familiar green grid of cells.
But as useful as Excel is, it has its limitations. Limitations that often show up at the worst possible moments: a wrong formula, a lost file, or endless confusion over mismatched versions. Sound familiar? If so, you're definitely not alone.