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Reason #6 – Lack of meaningful audit trails

Every reporting process involves many changes (often late changes) of the data until the final version is approved. Using Excel …

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Reason #5 – Structural changes are difficult

Consider these scenarios during your budgeting process – A new account is required to be added to your ‘Chart of …

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Reason #4 – Collaboration and communication is inconsistent and difficult

This new chapter in the recent discussion treads on the use of spreadsheets in Finance departments deals with collaboration and …

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Reason #3 – Basic difference in the way formulas are built

You have a central database that is to provide a “single version of the truth” but still you find that …

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Reason #2 – Manual updates introduce data quality issues

While excel spreadsheets are a great step forward in quantitative modeling and budgeting, they have deficiencies.  At the level of …

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Escape Excel Hell – 10 Reasons not to use Excel as your go to solution for budgeting

Over the years, excel has been adopted as the most commonly used application for budgeting and planning functions in small …

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