When Spreadsheets Aren’t the Right Choice
Why shouldn’t you use standard spreadsheets for some business and finance activities?
The electronic spreadsheet is among the top five most important advances in business management to come along in the last 100 years. It’s revolutionized almost all aspects of Finance and Accounting, and is beloved by professionals in virtually every industry.
But while invaluable for personal productivity, desktop spreadsheets have four inherent technological weaknesses that make them the wrong choice for any repetitive, collaborative enterprise task, like those critical to financial close activities.