Lessons learned _{Why are the tools we use so important to the work we do?}

_{If 2020 has taught us anything, it’s maybe Excel isn’t the right solution for big decisions. Excel is great for some basic accounting requirements, but it’s a 2-dimensional tool and not an ideal choice for serious financial planning and analysis. Especially when more than one person is involved in the process. But despite this, Excel remains the go-to tool for many Architecture, Engineering, and Construction (AEC) firms. But is this a problem? The issue is cost and contractor management, portfolio analysis, profit and loss, and scenario planning are all critical components for AEC businesses, and you deserve a more robust FP&A tool to manage your financial requirements.

**Here we consider 5 key components a comprehensive solution should offer your organization.

Let’s take a look…**}