[{"data":1,"prerenderedAt":32},["ShallowReactive",2],{"content:en:comparar:fibady-vs-excel":3},{"frontmatter":4,"html":29,"locale":30,"section":31,"slug":5},{"id":5,"title":6,"description":7,"h1":6,"keyword":8,"date":9,"updated":10,"author":11,"schemaType":12,"draft":13,"cta":14,"faq":15,"related":25},"fibady-vs-excel","Fibady vs Excel for a group's month-end close","Line-by-line comparison of closing in Excel and in Fibady: hours, risk, traceability and cost. Including where Excel wins.","Excel alternative month-end close","2026-09-03","2026-09-04","santi","WebPage",false,"Compare with my real hours in a demo",[16,19,22],{"q":17,"a":18},"Do I have to stop using Excel?","No. Fibady exports everything to Excel and many customers keep modelling there. What disappears is the monthly consolidation spreadsheet.",{"q":20,"a":21},"Can I upload my current Excel to Fibady?","If it contains the journal, yes: the converters translate it to Fibady's format. If it is an already aggregated reporting sheet, no: Fibady needs the entries.",{"q":23,"a":24},"What if my Excel consolidation has manual adjustments?","Consolidation adjustments (eliminations, reclassifications) are configured in Fibady and stay traced, instead of living in loose cells.",[26,27,28],"\u002Fproduct\u002Fmulti-entity-consolidation","\u002Fproduct\u002Ffinancial-reporting","\u002Fpricing","\u003Cp>Excel is the most used FP&A tool in the world and it will stay on your team: for modelling, for one-off analysis, for whatever fits no system. Where it stops making sense is the recurring close of a group: export from each ERP, paste, reconcile, consolidate and redo when a late entry lands. That is what Fibady automates. This comparison is about that work, not about Excel in general.\u003C\u002Fp>\n\u003Ch2 id=\"line-by-line-comparison\">Line-by-line comparison\u003C\u002Fh2>\n\u003Cdiv class=\"table-wrap\">\u003Ctable>\u003Cthead>\n\u003Ctr>\n\u003Cth>Close task\u003C\u002Fth>\n\u003Cth>In Excel\u003C\u002Fth>\n\u003Cth>In Fibady\u003C\u002Fth>\n\u003C\u002Ftr>\n\u003C\u002Fthead>\n\u003Ctbody>\n\u003Ctr>\n\u003Ctd>Loading ERP data\u003C\u002Ftd>\n\u003Ctd>Export and paste every month, per entity\u003C\u002Ftd>\n\u003Ctd>API or converter: minutes, and it remembers the format\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003Ctr>\n\u003Ctd>Account classification\u003C\u002Ftd>\n\u003Ctd>VLOOKUPs over the chart; break when an account changes\u003C\u002Ftd>\n\u003Ctd>Mapping done once; new accounts are flagged\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003Ctr>\n\u003Ctd>Multi-entity consolidation\u003C\u002Ftd>\n\u003Ctd>Master sheet linked to n workbooks; eliminations by hand\u003C\u002Ftd>\n\u003Ctd>Automatic, with semantic-role eliminations and visible "Consolidation adjustments"\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003Ctr>\n\u003Ctd>Multi-currency\u003C\u002Ftd>\n\u003Ctd>Manual FX table, one method per sheet\u003C\u002Ftd>\n\u003Ctd>FX by month and currency; three currencies (accounting, reporting, display) in one click\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003Ctr>\n\u003Ctd>P&L, balance sheet, cash flow\u003C\u002Ftd>\n\u003Ctd>Three sheets that must tie to each other\u003C\u002Ftd>\n\u003Ctd>Derived from one source and checked with invariants\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003Ctr>\n\u003Ctd>Budget vs actual\u003C\u002Ftd>\n\u003Ctd>Another sheet, another structure, another paste\u003C\u002Ftd>\n\u003Ctd>Same P&L structure; automatic\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003Ctr>\n\u003Ctd>Board report\u003C\u002Ftd>\n\u003Ctd>PowerPoint the night before\u003C\u002Ftd>\n\u003Ctd>AI-generated report with charts and commentary; you review and export to Word or PDF\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003Ctr>\n\u003Ctd>Traceability\u003C\u002Ftd>\n\u003Ctd>"Where does this number come from?" → search n tabs\u003C\u002Ftd>\n\u003Ctd>Every figure opens to the ERP entry\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003Ctr>\n\u003Ctd>Versioning\u003C\u002Ftd>\n\u003Ctd>close_v3_FINAL_ok.xlsx\u003C\u002Ftd>\n\u003Ctd>One source with history\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003Ctr>\n\u003Ctd>Key-person dependency\u003C\u002Ftd>\n\u003Ctd>One person understands the master sheet\u003C\u002Ftd>\n\u003Ctd>Any user with permissions logs in and understands\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003Ctr>\n\u003Ctd>Error risk\u003C\u002Ftd>\n\u003Ctd>High and silent: a badly dragged cell does not warn\u003C\u002Ftd>\n\u003Ctd>Control Centre: month-by-month checks with configurable tolerance\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003Ctr>\n\u003Ctd>Scaling to more entities\u003C\u002Ftd>\n\u003Ctd>Each new entity multiplies the work\u003C\u002Ftd>\n\u003Ctd>Mapped and added to the consolidation\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003Ctr>\n\u003Ctd>Ad-hoc analysis and modelling\u003C\u002Ftd>\n\u003Ctd>Excel wins: total flexibility\u003C\u002Ftd>\n\u003Ctd>Export to Excel and model there\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003Ctr>\n\u003Ctd>Cost\u003C\u002Ftd>\n\u003Ctd>Licence ~$0, but ~25 h\u002Fmonth of skilled work\u003C\u002Ftd>\n\u003Ctd>$200 per entity per month, ~6 h\u002Fmonth of review\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003C\u002Ftbody>\n\u003C\u002Ftable>\u003C\u002Fdiv>\u003Ch2 id=\"what-does-closing-in-excel-cost\">What does closing in Excel cost?\u003C\u002Fh2>\n\u003Cp>A three-entity group spending 25 hours a month on the close, at $35\u002Fh controller cost, spends about $10,500 a year building reports that expire the following month. With Fibady it pays $7,200 a year for the three entities and the close drops to about 6 hours: the net time saving exceeds the software cost from month one, and the work that remains is the work that adds value. Illustrative estimate; in the demo we calculate it with your hours.\u003C\u002Fp>\n\u003Ch2 id=\"when-to-stay-in-excel\">When to stay in Excel\u003C\u002Fh2>\n\u003Cp>If you have one entity with a simple operation, if your books have no structured journal, or if your ERP is mid-migration. In those cases Fibady will not help you yet, and we will say so in the demo.\u003C\u002Fp>\n","en","comparar",1788520140637]