If you have listened to one of my podcasts, you may have heard me wonder why more Excel users aren’t using Excel add-ins. To me, this is the equivalent of buying a cell-phone and not downloading any apps. This is perhaps not entirely accurate, as I actually only use two Excel add-ins with regularity, one of which I will speak about in this post. I should also state that I am not an agent or in any way sponsored by Arixcel, I have bought all my licenses myself! It’s so good I’ve paid multiple times to have it on all my PCs and laptops – it has become an indispensable tool for me as a financial model builder and user.
Arixcel installs as a COM Excel Add-in, as can be seen below:
Once installed, you can access its functionality from the Arixcel toolbar, or using the shortcuts:
Just click on the Arixcel tab and start playing!
In the animation below, you can see how the Formula Explorer works, and the level of detail is shows as well including the result of formulas or values in cells, and the exact location of the formula and cells.
As you can see in the animation below, the tool is comprehensive and allows you to see what has changed between different Excel models and workbooks.
As always, happy financial modelling!