Excel Can Be Heaven… For Some Tasks
It’s not that Excel isn’t a great spreadsheet program — it is. But, let’s face it, Excel breaks down if you’re trying to gather data from across the organization, roll up departmental plans, or do complex, collaborative planning.
A volatile economy demands a smarter approach to financial planning and analysis (FP&A), and more and more finance professionals are discovering that manual Excel-based planning just doesn’t let you go there.
Trying to force it to do so is like trying to use a hammer to build an entire house. It’s useful, but you’re going to need some other, stronger tools as well.
This eBook is about transforming the Nine Circles of Excel Hell into something more powerful — FP&A in the cloud. It’s based on our experience of helping over 3,000 mid-size and enterprise companies escape the chaos of infinitely interlocking spreadsheets, cascading scenarios, formula clash and unseen errors.
The Excel Penalty
Around the world, CFOs and business managers use Excel to handle the annual planning cycle, manage budget allocation, forecast income and expenditures, and produce reports. But using disconnected spreadsheets for forecasting, budgeting, planning, and reporting creates all kinds of issues:
- You waste weeks every year manually consolidating a mass of individual spreadsheets
- You can’t easily model potential future scenarios or answer “what-if…?” questions
- Measuring actual spend against plan is a major chore
- Your talented finance staff spends too much time on low-level, non-value-add activities
- You may never catch the errors that plague your plans, forecasts, and budgets
The bottom line: you’re spending huge amounts of time, energy, and resources fighting against a tool that simply wasn’t designed to do what you need it to do.
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