Publisher's Description
From Business Functions:
This Excel add-in has 500+ high-performance functions and is a comprehensive toolkit for business planning and analysis. It is designed to make financial models such as business plans and budgets faster to build, less error-prone, and easier to understand and maintain. It does this through integrated families of functions, in particular for budgeting and cash flow projections. One of the features is its day count accuracy when used for projecting cash flows.It has specific interfaces for both Excel 2003-2010, as well an expanded utility set that includes number formatting and a time chart wizard, allows partial view of C++ code via the Function Finder, and includes our consolidation tool Cashflow Administrator.
What's new in this version: Version 1.57 is a maintenance release which has some changes to the install program and one or two of the examples.
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All versions:
3.6 starsout of 19 votes
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Current version:
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"Did not have a virus, but still not worth it!"
Version: Business Functions 1.56
Pros
Can't think of one thing!
Cons
You can't use the file unless you register online, because it's password protected. I don't want advertisements or spam sent to me, so I didn't sign up.
Summary
Don't even waste your time getting this program. OH! and its NOT EVEN A PROGRAM, its a WORD FILE, that you have to "install" and all it does is have a word file.
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"downloaded file contains DR/FakeAV.BH dropper virus"
Version: Business Functions 1.51
Pros
Unable to determine this software due to the virus scan result of Avira that says the download contains recognition pattern of the DR/FakeAV.BH dropper virus.
Cons
Contains recognition pattern of the DR/FakeAV.BH dropper virus
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"very good software"
Version: Business Functions 1.49
Pros
Informative
Cons
It is a GOOD PROGRAM
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"Complicated to the Point of STUPIDITY"
Version: Business Functions 1.48a
Pros
Appears to be written by a 1-man company since apparently, there is nobody telling him some basics like the "KISS" principle (Keep It Simple Stupid). In a jungle of functions and arguments, I blew up 5 hours but still couldn't find a simple function I wanted!
Cons
He uses undefined or vague terms for parameters, there are numerous functions that appear identical, there are 4-5 *extra* parameters in almost every function that were really not needed. Overall, it is a waste of time since you won't find what you are looking for.
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"Well thought out set of functions. The demo's are great. Try it now."
Version: Business Functions 1.48a
Pros
Many useful business functions presented in east to use templates. A very useful bonus are the demo applications for Excel functions. I was impressed by the simplicity of the presentations.
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"Fantastic excel add-in for anyone in the financial industry"
Version: Business Functions 1.47
Pros
Very comprehensive with well documented help files and examples.
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"Pretty Good"
Version: Business Functions 1.45
Pros
I liked everything about this software
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"Excel Spreedsheetbased."
Version: Business Functions 1.44
Pros
Look this would have to be the most comprehensive set of financial spreedsheets
Cons
Complex and difficult to learn quickly.
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"If you model cashflows in Excel, then you will love this product"
Version: Business Functions 1.34
Pros
This product helps you to build properly responsive, elegant and maintainable models in Excel. If you pride yourself on avoiding plugged numbers in the middle of your projections, and you like to see your assumptions neatly flowing through your model, with formulas that you can copy from one side of a cashflow to the other, then you'll know how frustrating it gets to do this properly. You end up with formulas that cover three lines of the screen, and they're just not maintainable.
That's what BusinessFunctions is all about: you get functions with real-world parameters like start/stop dates and growth rates, which you can copy across your cashflow. The functions do the hard work of switching on the appropriate cashflow items for each period, and you're free to focus on your modelling.
On top of that, there's some fearsomely clever stuff to make your figures 100% consistent with payment dates or accruals - and you can switch from cash to accruals basis just by changing parameters.
Oh, and there's a very neat trick in most of the functions for combining multiple cashflows - enter a range of dates, say, and the functions automatically sum all the resulting cashflows.
I use this product every day, and I wouldn't consider building a serious cashflow without it.
Cons
Not much - just be prepared to do some reading when you're getting started, so that you understand what you're getting into.
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"this is an essential tool for professional financial analysts"
Version: Business Functions 1.34
Pros
The product has a relatively broad scope, but I typically limit myself to use of its banking and date functions. This add-in's implementation of loan functions is very detailed and exacting to industry-standard methodologies. This is the only implementation I've found that offers all the types of bond and loan types that my treasury analysts require, and provides the exact results that they get when they devote an entire worksheet to one debt series. Many of the functions are implemented to offer their use as array functions, which results in extremely high speed functional response for large forecasting models.
The author also provides very quick, personal responses to queries of the various functions in the library, and has demonstrated a strong willingness to develop new functions or offer improved capabilities to his existing functions.
Cons
There's not anything I can criticize about the product itself. The only caution I can suggest is that some of the functions have a large number of input parameters, many of which will result in subtly incorrect answers. The complex calculations inherent in these functions are difficult to model manually in Excel, and the user is cautioned to test the function's results carefully to ensure the correct parameter values have been used.
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