Excel Tips

Tips from the Finance Trenches: A Better Way to Use Static Reports for Cross-Functional Data Analysis

For a holistic view of your business, it is critical to integrate cross-functional business data. However, Finance and Business Intelligence professionals often find themselves in situations where they have to work with static crosstab reports that are not easy to manipulate. Furthermore, it can be challenging to use static reports to connect data with other functional datasets, such as Marketing, Manufacturing or Sales data.

In this latest Tip from the Finance Trenches, we’ll walk you through a simple fix to that problem. This tip helps you convert static reports into a flat file, which can then be integrated with other datasets in Microsoft Excel or Microsoft Access databases.

The following example shows a sample report – this will be our starting point for reference.

data analysis 1.png

Now, follow these steps to convert this cross-tab report to a flat file so you can integrate it with additional cross-functional data sets.

Step 1: Insert a new column (in our example, after the “Customer” column) and aggregate all non-numerical column values in one column with comma separator (“,”), as shown below. Then drag that formula to the last row of the report.

 

data analysis 2.png

 

Step 2: Highlight the new column and all the numerical data fields and create a pivot table.

data analysis 3.png

 

Step 3: Right-click on Pivot Table Option> Display> Classic Pivot Table; and right-click on “Values” to move the values to rows.

data analysis 4.png data analysis 5.png

 

Step 4: Copy All and Paste Values into a new Excel sheet.
data analysis 6.png

 

Step 5: Locate and fill in the empty cells. Choose Find & Select > Go to Special > Select “Blanks.” This will select all the blank cells. In the Formula Bar, type in cell reference above blank cell and hit CTRL+Enter. All blank cells will be filled with respective values.

data analysis 7.png data analysis 8.png

 

Step 6: Insert columns after aggregated name values column. Select the Data tab and choose the “Text to Columns” button from the top menu. The “Convert Text to Columns Wizard” will appear. Check “comma” as your delimiter.

data analysis 9.png data analysis 10.png

 

And you’re done! Your Crosstab Report has been converted into a Dynamic List format and you can connect the dataset with other datasets via PowerPivot or MS Access for further cross-functional analysis.

data analysis 11.png

Want more Excel tips and shortcuts like this one? Check out more Tips from the Trenches, all with easy illustrated step-by-step instructions. Our most popular tips include:

8020 Consulting provides expertise across a broad range of complex financial topics, from Fortune 50 companies to middle market and venture-backed firms. Contact us if have a financial issue you would like to discuss.

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