The Perils of Using Spreadsheets for Budgeting, Planning and Forecasting
Using spreadsheets for budgeting, planning, and forecasting is still a common practice, and a recent survey of senior finance executives shows just how harmful that practice can be. Chief financial officers who allow spreadsheets and email to serve as their main tool for budgeting, planning and forecasting (BPF) run the risk of hurting their companies…
Don’t ‘Frankenstein’ Your Annual Budget With Excel Ever Again!
A recent survey by CFO Research, sponsored by Host Analytics, found that while more than half — 54 percent—of respondents still use spreadsheets/email for their budgeting process, only 6 percent are “very satisfied” with their current system.
4 Risks in Relying on Excel for Financial Close and Reporting
Excel has been around since 1985. It was one of the first spreadsheets to use a graphical interface with pulldown menus and to have a point-and-click capability with a mouse.
Is Excel the Right Tool for Corporate Budgeting?
Well, here we are in late January and most companies have wrapped up their budgeting for 2017. But while the memory of the process is fresh this is a good time to think about how well it’s working.
After 31 Years of Spreadsheets, Is It Time to Move On?
It was 31 years ago this September that the world was introduced to Excel. As one of the first killer apps, there’s no question the spreadsheet changed the way everybody works – not just the finance department.
Adaptive Biotechnologies Escapes the Pains of Excel with Cloud EPM
Adaptive Biotechnologies is the industry leader when it comes to combining high-throughput sequencing with top-notch bioinformatics in order to profile T-cell and B-cell receptors.
The Advantages of Cloud-Based Modeling Over Spreadsheets
During this era marked by advanced technologies, businesses are utilizing every advantage available to gain the greatest efficiency and affordability they can find.
Is Excel Really Going Extinct? No – But We Can Make Better Use of It
I recently posted a blog article
The Growing Fear of Excel and Finding An Excel Replacement
For the past 30 years, Excel has been integral to businesses everywhere.
Don’t Get Fooled Again When Moving from Excel to EPM Software
Well, it was a long wait, but recently, I finally got to see the legendary rock band The Who on their 50th anniversary tour at Madison Square Garden in New York City.