Yes, the VSME report can technically also be created in Excel. It can be a viable option especially if you already have a clear understanding of the structure and content of the reporting and you are only reporting the basic module (Basic Module).
However, Excel is a more limited tool, and manual work is easily prone to errors, especially when multiple people are involved in data collection and editing.
Aila's reporting tool provides a structured and guided way to create a VSME report. Its advantages include:
- Certainty that the report conforms to the structure and requirements of the VSME standard
- Guided data collection that facilitates assembling content into the correct format
- Adding comments and supplementary information alongside the data. The additional details may be for internal company use only or can be published together with the report.
- Unlimited number of users, which allows for collaboration with the team and experts (e.g., accountant or auditor)
- Data analysis with the help of Aila AI assistant
- The opportunity to utilize stored information for reporting in the following year or to create a new, updated version of the report even in the middle of the fiscal year.
- Exporting data in Excel format, if needed for other systems. Additional information and comments are also saved in the Excel file.