Compact mode

SUMPRODUCT vs PMT vs SUMIFS

Table of content

Basic Classification Comparison
Usage Context Comparison
Basic Information Comparison
History Comparison
Facts Comparison

Usage Information Comparison
Technical Details Comparison
Evaluation Comparison
Ratings Comparison

Basic Classification Comparison

Function Category 📊

Primary classification of the Excel function based on its main purpose and usage domain, helps users quickly identify function types

SUMPRODUCT

Mathematical

SUMPRODUCT belongs to the Mathematical category. Excel functions for performing mathematical calculations Click to see all.

PMT

Financial

PMT belongs to the Financial category. Excel functions specifically designed for financial calculations and analysis Click to see all.

SUMIFS

Mathematical

SUMIFS belongs to the Mathematical category. Excel functions for performing mathematical calculations Click to see all.
Operation Type 🔧

Fundamental type of operation or action that the Excel function performs on its inputs

For all*

Calculation

Excel functions for performing various calculations

Usage Context Comparison

Basic Information Comparison

Known For ⭐

Distinctive characteristic or primary strength of the Excel function

SUMPRODUCT

Matrix Multiplication Calculations

SUMPRODUCT is known for Matrix Multiplication Calculations.

PMT

Calculate Loan Payments

PMT is known for Calculate Loan Payments.

SUMIFS

Multiple Condition Sum

SUMIFS is known for Multiple Condition Sum.

History Comparison

Creation Date 📅

Original release date of the Excel function

SUMPRODUCT

Excel 95

SUMPRODUCT was created in Excel 95. Functions that came with Excel 95 release Click to see all.

PMT

Excel 3.0

PMT was created in Excel 3.0. Functions that originated in Excel 3.0 version Click to see all.

SUMIFS

Excel 2007

SUMIFS was created in Excel 2007. Functions first introduced in Excel 2007 release Click to see all.
Created By 👤

Organization or team responsible for developing the function

For all*

Microsoft Excel Team

Functions officially created by the Microsoft Excel development team

Facts Comparison

Interesting Fact 💡

Unique or lesser-known information about the Excel function

SUMPRODUCT

Can multiply and sum arrays simultaneously

PMT

Most used function in banking industry

SUMIFS

Enhanced version of SUMIF
Sarcastic Fact 🤣

Humorous or ironic observation about the Excel function

SUMPRODUCT

The function that makes accountants feel like they're doing linear algebra

PMT

The function that reminds you of your debts

SUMIFS

When one condition isn't complicated enough

Usage Information Comparison

Formula Complexity Level 📖

Indicates the difficulty level and complexity of using the Excel function effectively

For all*

Intermediate

Excel functions with moderate complexity for various tasks

Technical Details Comparison

Input Data Type 📝

Types of data that the Excel function accepts as input parameters

For all*

Number

Excel functions specifically designed for numerical calculations

SUMPRODUCT

Array

SUMPRODUCT accepts Array as input data. Excel functions designed to work with arrays and ranges of data Click to see all.

SUMIFS

Array

SUMIFS accepts Array as input data. Excel functions designed to work with arrays and ranges of data Click to see all.
Version Compatibility 💻

Indicates which Excel versions and platforms the function is compatible with < including Office 365< Excel 2019< 2016< etc.

For all*

Excel 2019

Excel functions that work specifically in Excel 2019 version

Excel 2016

Excel functions that work specifically in Excel 2016 version

PMT

Excel 2013

PMT is compatible with Excel 2013 Excel functions that work specifically in Excel 2013 version

SUMIFS

Excel 2013

SUMIFS is compatible with Excel 2013 Excel functions that work specifically in Excel 2013 version

Microsoft 365

SUMIFS is compatible with Microsoft 365 Excel functions optimized for the latest Microsoft 365 platform

Excel Online

SUMIFS is compatible with Excel Online Excel functions optimized for use in the web-based Excel Online platform

Excel 2007

SUMIFS is compatible with Excel 2007 Excel functions that work specifically in Excel 2007 version

Excel 2010

SUMIFS is compatible with Excel 2010 Excel functions that work specifically in Excel 2010 version
Operating System 💾

Specifies the operating systems where the function can be used < including Windows< macOS< and web platforms

For all*

Windows

Excel functions optimized for Windows operating system

MacOS

Excel functions optimized for MacOS users

PMT

Web Excel

PMT runs on Web Excel Excel functions available in web-based versions

SUMIFS

Web Excel

SUMIFS runs on Web Excel Excel functions available in web-based versions
Required Arguments Count 🔢

Number of mandatory arguments needed for the function to work properly

SUMPRODUCT

2

SUMPRODUCT needs 2 required arguments Click to see all.

PMT

3

PMT needs 3 required arguments Click to see all.

SUMIFS

3

SUMIFS needs 3 required arguments Click to see all.
Required Arguments Type 📊

The data types accepted as valid input arguments for the function

SUMPRODUCT

Array

SUMPRODUCT accepts Array as input types Excel functions that specifically work with array inputs for calculations

Range

SUMPRODUCT accepts Range as input types Excel functions that operate on cell ranges for calculations

PMT

Number

PMT accepts Number as input types Excel functions that perform calculations specifically with numerical inputs

Number

PMT accepts Number as input types Excel functions that perform calculations specifically with numerical inputs

Number

PMT accepts Number as input types Excel functions that perform calculations specifically with numerical inputs

SUMIFS

Range

SUMIFS accepts Range as input types Excel functions that operate on cell ranges for calculations

Number

SUMIFS accepts Number as input types Excel functions that perform calculations specifically with numerical inputs

Array

SUMIFS accepts Array as input types Excel functions that specifically work with array inputs for calculations

Evaluation Comparison

Pros ✅

Key advantages and strengths of the Excel function

SUMPRODUCT

Powerful For Array Calculations

Excel functions optimized for array calculations handle multiple values simultaneously for efficient processing

Handles Multiple Arrays

Powerful Array Handling

Flexible

PMT

Accurate Calculations

Industry Standard

Excel functions recognized as industry standards ensure widespread compatibility and reliability

Reliable

SUMIFS

Multiple Conditions

Accurate Calculations

Flexible For Multiple Criteria

Handles Large Datasets

Functions optimized for processing and analyzing large amounts of data efficiently

Easy To Understand

Functions with clear and intuitive syntax that are simple to learn

Multiple Conditions Support

Excel functions handling multiple conditions enable complex logical operations and flexible data filtering

Accurate Results

Functions that provide precise and reliable computational results

Flexible

Versatile Conditional Summing

Excel functions that can perform flexible conditional sum calculations based on multiple criteria

Supports Multiple Criteria

Powerful For Multiple Criteria

Flexible Conditions
Cons ❌

Limitations and potential drawbacks of the Excel function

SUMPRODUCT

Complex Syntax For Beginners

Limited To Numeric Data

Complex Syntax

Performance Intensive

PMT

Negative Number Output

Complex Parameters

SUMIFS

Complex For Beginners

Needs Sorted Data

Functions that only work correctly when the data is pre-sorted in a specific order Click to see all.

Complex Syntax For Beginners

Limited To Sum Operations

Performance Issues With Large Ranges

Cannot Use OR Conditions

Complex Syntax

Can Be Slow With Large Datasets

Functions that process large amounts of data may significantly impact spreadsheet performance Click to see all.

Limited To Sum Operation Only

Functions that can only add values without other mathematical operations Click to see all.

Requires Sorted Data