Traditional spreadsheet practice for Planning, Forecasting and Reporting is falling by the wayside. Microsoft Excel is powerful, but for the exponential data your organization has it’s power is just not enough. Strengthen your organization by understanding the ways that tiresome, stressful spreadsheet use can actually hold your company back.
- Spreadsheets are very susceptible to human error: Incorrect numbers and calculations not only cause a domino effect of mistakes throughout, but they cause speculation of your credibility. When you rely heavily on spreadsheet use, these mistakes can be detrimental. Today, your usual workday and work environment is fast paced. There is no time for error when entering your spreadsheet numbers, but it takes TOO much time to
stress over every detail to ensure perfection. You need information in real-time. With a business intelligence solution that still uses the familiarity of excel, but eliminates the chance for mistakes you will be leaps and bounds above the competition that still uses spreadsheets, and you have an even smarter way to analyze your data.
- Heavy reliance on spreadsheets does not give you the ability to forecast as often, and be as advantageous, as you can: With a business intelligence forecasting solution, you won’t start a budget from scratch. Your organization could continuously forecast at least 18-24 periods forward, and months of crunching numbers can be consolidated to days or even hours. Real-time information and rolling forecasts means your business can focus on today, tomorrow and even manage the future.
- It’s challenging to add a dashboarding tool to your processes: But dashboards are actually a great, easy way to analyze data. It’s nearly impossible to view and understand multiple spreadsheets at one glance. With a dashboard, you can see charts and graphs that make all of those spreadsheets make sense. Eliminating the time you’d spend to understand cells of spreadsheets, and adding time to your regular work day.
Eliminate heavy spreadsheet use and empower your business.