Finance organizations rely too much on spreadsheets

Pretty much every finance organization in London (97 percent of them) is worried about how reliant it is on spreadsheets. These are the results of a new research by finance function solutions provider, Accountagility. The worry stems from faults experienced when using it for both planning and reporting, as four out of five (80 percent) of organizations have had such experiences. Just under half (49 percent) also consider a problem the fact that manual effort is needed to both validate and analyze Excel data. "Our research reveals that this problem is not just limited to The City, but is an issue… [Continue Reading]