Companies large and small spend countless hours each year
developing detailed business plans, forecasts and reports
to drive their strategic decision-making and performance
management processes. It’s critical that the information
be timely and accurate, and that it can be easily updated as
business conditions change. However, to deliver these plans
and reports, most organizations rely on the spreadsheet.
Though a useful and popular personal productivity tool,
the spreadsheet is poorly suited for enterprise-wide planning
and performance management. Errors are common. And
the larger the spreadsheet, the greater the chance for a small
error to be magnified, exposing the organization to significant
levels of risk.