G Suite is Transforming the Financial Sector & Driving Innovation

The world's a stage and we all are playing multiple roles in it. Each and every one of us has some task to perform. We need multiple resources to fulfil our tasks and complete the work accordingly. 

With the fast-moving era, multiple sectors are trying to improve daily and playing roles in their field so that they can grow. These industries are readily using Information Technology as a resource to match the pace of the world and expand the boundaries. Few of the giants in the IT Industry are understanding the need of these organizations and helping them to move forward. Google is one of them. 

We all know that the Financial sector is one of the most important sectors in today’s world and they should be well equipped with all the resources needed. Google has provided several solutions to this sector and G Suite is one of them. G Suite has multiple applications built under a single package. Google Sheets, Google Docs, Google Slides, Google Meet, Groups etc. help this sector utilize their manpower efficiently.

1. Google Sheets are widely used by the Finance Industry to check if their prepared data is worthy or not. They can check their rate of return, rate of interest, net worth etc. It helps in limiting investments when it’s approaching the higher side of the budget with the help of conditional formatting. Use of Finance data is normal procedure and use of the same for the stock price and earnings management is very helpful. Google Sheets provide the formula GOOGLEFINANCE for such calculations. Pivot table and various chart options help in enhanced visualization.

2. Google Docs helps finance industries to prepare the proposals and share the same with collaborators who can edit or comment for revisions and make necessary changes to get it approved. It reduces the manual activity and removes the unnecessary process of downloading the file and sending it via email and then waiting for others to make changes. Multiple persons can work on a file simultaneously with the help of this collaboration tool.

3. Google Slides can be used for presentations to educate prospects and customers in terms of the financial attributes which can make them understand the benefits of purchasing the services. A project should be started with presentations which can help in visualizing the roadmap.  It's a fantastic methodology to provide a clear picture of the theme and necessity of the project.

4. Google Meet is a new trend in daily activities. Meetings, reminders, tasks and all such activities can be done under the same application. Google Meet is used by almost all of the employees for video conferencing and interactions. Finance sales representatives are using Google Meet to reach out to their prospects for explaining their products and services and also at the same time their face value is getting maintained even in the current pandemic situation where social distancing is the need of the time.

5. Google Forms are now one of the best ways to ask for feedback about the presentations and asking for references. The financial sector is also availing the benefit of this application for the growth and development of sales and marketing. If the sales representative can convince the prospect by staying in a distant place to buy the product or services, the prospect will be able to improve their marketing with the help of word of mouth marketing. 

There are many more applications available in G Suite which are beneficial for the finance industry at multiple levels. G Suite proves to be one of the best communication and collaboration tools which are helping the Finance sector move with changing needs of the time.