Spreadsheet-based planning
…has it’s dark side
…has it’s dark side
The Problem
Since spreadsheets appeared in 1979, they have become the finance professional’s best-loved tool and are ubiquitous in every area of business.
And for good reason… they are flexible and easy to use, especially for planning process models.
However, as the business grows, spreadsheet-based planning processes reveal their dark side…
Spreadsheet-based planning processes become problematic because of:
- Increasing complexity
- Repetitive, mundane tasks
- Difficult to change
- Time-consuming
- Frustratingly slow
- Manual errors
- The team has to work late hours
- Instability increases business risk
As the business grows so does the problem. As the spreadsheet becomes less and less appropriate for the planning process, the planning process itself becomes more and more critical to the business.
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