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How to Automate Excel Tasks for Finance with Python in 2023
Build Automation Solutions for Repetitive Tasks in Finance and FP&A to Improve Productivity
Excel is one of the most widely used tools in the finance industry for various tasks such as financial analysis, budgeting, forecasting, and reporting. However, performing repetitive Excel tasks can be time-consuming and prone to human error.
Fortunately, with the rise of Python as a popular programming language, it is now possible to automate Excel tasks for finance using Python in 2023.
In this article, we will explore five tasks that can be automated using Python, including consolidating monthly closing files, forecasting, moving Excel tables to PowerPoint, data cleaning and analysis, and financial calculations.
1. Consolidation of Monthly Closing Files
In finance, it is common to have multiple monthly closing files that need to be consolidated into a single report.
Manually copying and pasting data from each file can be time-consuming and prone to errors.
Python can be used to automate this process by writing a script that extracts data from each monthly closing file and consolidates it into a single file.
