Consider Upping your Excel Skills for A Step Up in the World of Finance

Have you ever dreamed about a career in finance, or are you currently in the process of scaling the career ladder in the finance industry? Then you must already know that financial modeling is a key skill that most, if not all, corporates require of employees. Everyone from analysts to CPAs are required to have more than an easy working relationship with financial modeling software –” they are expected to master it.

In the early days, professionals in the financial world were expected to look at trends and analyze them to see what happened – speculation was still there, of course, but the science was not so exact. However, with data analysis today in the financial world, people are expected to produce knowledge that can affect strategy in minutes, or even seconds, with scenarios like high frequency trading. Turnaround time is so little as to be non-existent, and data analysis has to be as close to real-time as possible, if not faster.

What can help large organizations respond quickly to market changes in these circumstances is financial modeling. Without adequate staff to implement and keep updating a working financial model, or models, to deal with different market issues, organizations will find themselves lagging behind and unable to fully take advantage of market opportunities. In all of these scenarios, then, someone on a team with no financial modeling experience or skills is dead weight and a liability.

With such a high demand for practical competency in financial modeling, it is now necessary for anyone looking to enter the financial market, or already present in it, to have some level of expertise with software like Microsoft Excel. Though other financial software is also in use, most work is still done on spreadsheets.

There are multiple ways in which one can acquire advanced Excel training. Microsoft offers its own certifications, but they end up being relatively easy to get and not a true measure of someone’s Excel skills. However, other advanced Excel training and certification programs offer courses that are tailored specifically to suit individuals from different industries.

For instance, the advanced financial modeling advanced Excel course offered by ITBM teaches participants to develop sophisticated spreadsheet models using VBA language, build Excel spreadsheet models easily and efficiently, learn how to optimize current spreadsheet models, understand the limits of what a model can achieve to accurately make business decisions, and increase skill drastically in the realm of building more advanced financial and corporate models to suit specific organizational needs. All of these skills are necessary to get ahead in the world of finance, and can actually help you accelerate your career growth.

Want to know more? Check out the advanced Excel training modules available with ITBM today.

How to Create a Successful Project on Self-Service Kiosk?

There are ideally 3 key components for a self-service kiosk project for determining its success. They are the software for kiosk system, the user-end application and the hardware.

Prior to selecting the required hardware, the function of kiosks, software and the application, and the software should be ascertained. When the kiosk’s tasks are outlined properly, it becomes easier to use the kiosks as intended. For example, if a kiosk is used for selling some items, how can you draw the attention of your potential customers who would otherwise overlook it?

On the other hand, if a kiosk shows secure information, how can such information be made secure on that kiosk and ensure that a user feels that he or she is physically secure while in front of the kiosk? The reply to all such questions is a successful integration of application, software and hardware.

Your project’s needs should determine the hardware type for a kiosk

Once you have ascertained the aim of the kiosk, you need to do a comparison of the hardware on the basis of their features, materials, quality and price. For instance, when the kiosk shows sensitive information, it should feature privacy screen to black out the panels and the screen so that the monitor is invisible to all those people who are standing on both sides of the kiosk.

The enclosure materials for your kiosk can be made of injection-molded plastic, wood to metal. Moreover, the kiosk’s function should determine the ideal enclosure material. Usually kiosks whose enclosure is made of metal are more secure and durable. Kiosks made of injection-molded plastic material look eye-catching and great and are available in a variety of colors while those made of wood can add a refined touch to its appearance.

Use proper peripherals for a kiosk to improve your project

He kind of hardware is not only limited to a kiosk itself, it also includes any other peripherals that have been used to improve a kiosk’s functionality. For instance, if a printer is used for printing sensitive and secure information, it should be enclosed within that kiosk, secured and locked. Such a printer must also make use of security mats and printer retractors thus making sure that whenever a user steps away from a kiosk, the print-out should retract back inside the kiosk. The configuration of a security mat can be also done with the kiosk software so that when a user steps on that mat, the start page is displayed by a kiosk. Whenever a user steps away from the mat, the cache and the cookies are automatically cleared to get ready for another user.

Which one to pick – Excel or Tableau

Business around the globe work on numbers and data and usually the data source could be one or many. Sometimes businesses and the clients themselves are overwhelmed to see their data points and the sources are unable to decide which ones are important and which may be omitted. These data points serve as a great reference to make robust business decisions hence making it all the more challenging for the leadership. The best way is to have the right kind of tools which will be able to tell a story from this data to the decision makers. So analysts have two options. They either play with these numbers on the available tool which is Excel or may need an advance tool like the Tableau. Both these tools have their own advantages which are:

* Flexibility of making charts – Excel gives you the flexibility to represent your data on charts and so does Tableau. The difference comes when these charts need to be modified or when data range changes. Where Excel sometimes may require you to start from the scratch, Tableau gives you the freedom to quickly add data, modify any calculations and change the final output immediately. In this tool it becomes easy to see the changes as one progress and see how the data is coming out thereby giving a new dimension to the analysis.

* Enormous data – Excel gives you around one million rows to enter data. Additionally, if large amount of data is entered in an Excel sheet then sometimes its response time will get reduced. Tableau on the other hand has been designed to accommodate data without any limitations and to run smoothly to give the output.

* Creating dashboards – Excel is used for creating dashboard and publishing the numbers and yes it is a tedious task creating one on Excel. Tableau can also be used to create dashboard and lets one see the results on one page itself. You can easily provide drop downs, view different parameters and navigate easily on the same page. Questions raised can be drilled down to last level of data which provide clarity.

So if your client is at a very niche stage, requiring analysis of the data provided by them to see how it is interacting and integrating then Excel serves your purpose however, if your client is moving deeper into the analysis and is providing you with different data from different resources then it is time to move the reports and output to Tableau. To master Excel and also have your employees trained.

Do You Know About a 5 Day PMP Course

For the fast moving world, the corporate strategies with respect to skills keep changing with the daily challenges. Every problem has to meet a solution and no two problems will be the same. So to gain knowledge, skills and required expertise in the Informational technological practices as well as to manage a project exceptionally well – the standards are needed to be met. Also, for delivering a client service in the most qualitative manner, it is therefore needed to gain international level skills for the clients who come from across the globe.

What is this course?

PMP certification – Project Management Professional course is a specifically designed certification course for all those aspirants who are required to tackle a project with ability and utmost management skills. The course completes upon giving an exam of PMP & PMI exams and clearing it. It helps in revising the knowledge on those areas of development and helps a smooth management throughout the project, from starting it to completing it. All this is done in just 5 days! Yes it is a 5 day course.

Outline –

The course concentrates on ten main concepts of PMP program that which comes handy on being back to job. It starts with the management of integration followed by scope of the project with the visibility. The time, cost and quality management sessions helps in dealing with estimation, development and control at every stage. Human Resource and communication sessions help in acquiring the right team and meeting the expectations. Risk and procurement sessions help on analysis of risk if in case occurred and strategically ordering the right procurement. Finally, the course completed with the most important of all the above on how professionally and ethically the entire course is managed without being distracted.

Details –

The entire duration of the course is for 5 days. It starts at 9 in the morning and ends at 5:30 in the evening. Funding is also available to professionals under various supports like SDF, NICF, WTS and SME The course fee for the international students is $2782. For permanent residents and professionals who are citizens of Singapore the fee is $2182. For the funding through SME the fee is $782. For those SME professionals eligible for funding of about 90% it is $782. If the funding is with WTS and of 95% the fee is $312. The course is available for both full time and part time.

Summary –

Every participant gets trained on all the key concepts, principles, practices and terms in managing a project. The review is integrated as well as structured with respect to the PMBOK guide that helps in gaining skilful knowledge over the areas of development. Learners with the grant from NICF are eligible to assessment and this course guides in meeting the criteria to clear the assessment.

What Is The ITIL Intermediate Service Lifecycle – Service Strategy Course?

ITBM is an IT and business management learning center located in Singapore. It imparts training and education for a variety of courses related to business management and management of services and operations of a business organization or enterprise.

Some of the courses offered by ITBM include NICF courses, Microsoft office, and adobe, cyber security and digital marketing, IT and project management and ITIL courses.

What is ITIL?

ITIL stands for IT infrastructure library and is a widely implemented system or practice in the field of ITSM or IT service management. ITIL provides a certain set of methods and practices to plan, support, deliver and identify different IT services in a business or any organization. ITIL is also studied in collaboration with other services and operations in a business in the form of different courses. ITBM teaches various ITIL Courses in Singapore.

What is the ITIL intermediate service lifestyle – service strategy course?

This course is an ITIL-affiliated course taught in ITBM Singapore. It is a four-day course taught to business professionals who have important roles in a business organization related to implementing, developing and managing IT services. By improving the IT service quality, the value of the business organization also increases. This course forms part of the ITIL intermediate lifecycle stream and the ITIL expert certification in IT service management.

The main objective of the ITIL intermediate service lifestyle service strategy course is to impart training and knowledge on the various industry practices associated with service strategy and service management. It uses a combination of theory material and practical or real life case studies to guide, train and educate candidates about the key concepts of this course. A certification examination must be taken by all candidates at the end of the four-day course to earn their certificate.

The course outlines the following subjects – introduction to service strategy, value of service strategy to a business organization, value and contribution of service strategy to all the lifestyle stages of a business growth module.

It also explains the four main principles of service strategy which are –

1. The capacity to choose a type of service strategy

2. How to implement the four P’s of service strategy

3. How to create value, define service quality and balance the use of warranty and utility together

4. How to use sourcing strategies and service economics to meet business goals

This along with various other ITIL Singapore courses can be studied at the ITBM learning center.

The Benefits of Health and Safety Certifications for your Organisation

There is a determined effort by companies and governments worldwide to eliminate or minimise accidents and health hazards at workplaces. This is happening despite the reckless nature of a significant section of the individuals who make decisions that influence politics and business.

The almost universal method used by governments and international organisations to make the workplace safer and healthier is by encouraging or mandating enterprises to establish management systems to improve workplace safety and health and declaring these enterprises certified if their management systems meet certain criteria. A couple of examples of internationally recognised certifications are the OHSAS 18001 standard and the SS506 standard. The Workplace Safety and Health Council (WHS Council) in Singapore has established the bizSAFE certification, a five level programme, to assist and recognise organisations as they make progress toward achieving the SS506 standard.

The benefits of these certifications to the organisations obtaining the certifications are obvious.

Firstly, certifications, on account of the excellent reputations of the organisations issuing them, guarantee the effectiveness and the efficiency of the safety and health management system in an enterprise. This improves the brand image of the company among customers, clients and other stakeholders.

Anybody who is aware of how the business world operates will understand the importance of improving a company’s brand image. Most large corporations invest colossal amounts of money in advertising and public relations to establish, improve and maintain a positive brand image. A Safety and Health Certification from an internationally recognised organisation advertises the effectiveness and efficiency of an enterprise in reducing accidents and health hazards in the workplace much better than any amount of creative advertising could.

Some examples of the stakeholders who are impressed by international certifications obtained by companies for their health and safety management systems are:

The Public

The Public value international certifications for health and safety management obtained by industries where accidents could cause serious damages to the health of the people living in the vicinity of the accident site. The Chernobyl Disaster and the Bhopal Gas Tragedy are two excellent examples of disasters that had a disastrous impact on public health.

The Clients

A company that obtains an international certification for its safety and health management system proves its organisational proficiency to its clients. Moreover, the client is assured that accidents are monitored and minimised thus saving valuable resources.

Steps for Writing a Quality Manual

ISO 9001:2015 requires a subtle and simple quality manual. Often most companies tend to create huge and unmanageable copy of the ISO 9001 standard. The biggest problem with such a manual is that it becomes difficult to read and understand it. The employees need something simple and condensed to save time. When writing a quality a quality manual certain steps have to be followed.

1) The scope of the System

The scope of the quality management system is supposed to be 1st section of the manual. This is placed to fin the limit of the management system. This has to be based on the scope placed on the ISO certificate which was already agreed upon with the registrar. This is basically an explanation on the function or purpose of the organization. The next part of the scope should be based on the requirements prescribed by the ISO 9001 for the specific functions of the organizations such as designing and production.

2) Documented procedures

The ISO 90001 standards require you to mention 6 documented procedures. But in certain organizations there could be more. The criterion for writing the procedure for any process is whether it needs the procedure to be written down to function. If the process completion requires it to be written down, then it has to be written down. If the procedures can be shortened in the form of flow charts which is easier and shorter, it can be added to the manual. In case it is a long list, the reference can be mentioned in the manual so that in time of need they can refer it quickly.

3) Description of the interaction

This is basically a simple flow chart used to represent all the processes and their interaction using arrows. In a quality manual such a simple flow chart will help the staff understand the basics easily. Although an in-depth flow chart can explain it better it is not needed.

A short quality manual is used as a brochure to explain the working of the organization as well as indicating that it follows the required standards as prescribed by the ISO to the future prospective clients. Usage of your organization’s quality policy and objective can help you stress how the organization can help the clients. Even an inclusion of the management structure using a simple flowchart can allow people to understand how the organization or company is controlled.

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