Spreadsheet Templates. Thursday , March 01st , 2018 - 16:04:06 PM
Insufficient Spreadsheet controls and security and integrity issues create colossal challenges. These risks include lost revenue and profits wrong prices and poor decision-making because of prevalent but undetected errors fraud because of malicious tampering and difficulties in demonstrating fiduciary and regulatory compliance.
Conclusions There remains with no doubt a spot for spreadsheets inside the finance department. Using spreadsheets like a tool for driving the Reporting, Planning and Budgeting functions from the enterprise are however, questionable. Its obvious there are other technologies available which suit this function better.
How Spreadsheet Documentation Reduces Risk Spreadsheets are often developed as random solutions to particular business need. When the spreadsheet has demonstrated helpful, capabilities are added when needed. Due to the ease that they may be produced and modified, spreadsheets frequently have multiple authors or frequent updates. It makes sense an intricate tool whose inner workings have, after multiple iterations, become a mystery.
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