What is Google Sheets and how does it work?

Google Sheets is a cloud-based spreadsheet application within Google Workspace that enables real-time collaboration and data analysis. Unlike traditional desktop spreadsheets, it operates entirely online, allowing multiple users to simultaneously edit, comment, and share spreadsheets from any device with internet access.

The platform leverages Google's cloud infrastructure to provide automatic saving, version history, and seamless integration with other Google Workspace tools like Docs, Slides, and Drive. With built-in AI capabilities through Gemini, users can generate formulas, analyze data, and create visualizations using natural language prompts.

Benefits of Integrating Google Sheets with Abacum

The integration bridges the gap between familiar spreadsheet workflows and enterprise-grade FP&A, enabling finance teams to leverage existing Google Sheets models while gaining Abacum's advanced planning capabilities.

• Seamlessly import existing financial models, budgets, and forecasts from Google Sheets into Abacum's structured FP&A environment

• Maintain bi-directional sync between Google Sheets reports and Abacum, ensuring stakeholders can consume data in their preferred format

• Leverage Google Sheets' real-time collaboration features for data collection while Abacum handles complex consolidation and scenario planning

• Automate data flows from operational spreadsheets into Abacum's planning models, eliminating manual copy-paste errors

• Enable business users to input assumptions and drivers via familiar Google Sheets interfaces while Abacum processes calculations at scale

• Connect Google Sheets-based departmental budgets with company-wide financial plans for unified reporting and variance analysis

• Transform ad-hoc spreadsheet analysis into repeatable, auditable FP&A processes without disrupting existing workflows