Spreadsheet Templates. Thursday , March 01st , 2018 - 16:05:00 PM
Nearly all first class enterprises today have accepted OLAP like a key technology in delivering information to decision makers. The primary question that needs to be requested isnt if spreadsheets should remain the primary platform for Reporting, Budgeting and Forecasting. Rather, enterprises should ask themselves just how much competitive advantage they are ready to lose by using inaccurate, outdated and inflexible information before alternative technology is investigated.
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.
As described above, since the formulas within spreadsheets are hidden, its not easy to establish the correctness of those formulas without a lot of manual reviewing. Also, as each workbook is really a separate entity, simply because one workbook is true dose not implies that the rest of the workbooks utilized in the model are correct. Errors within Spreadsheets are an recognized drawback for many finance departments, yet this truth is rarely conveyed to users.
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