Spreadsheet-Based Planning in Today's Economy: Why You're Up Against the Wall

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Executive Summary

Spreadsheets are useful tools in many aspects of business, but they cannot support today's complicated enterprise planning needs because they: are prone to data errors, cannot handle the complex processes of business modeling and aligning operational tactics and financial targets, lack features such as workflow, metadata management and version control for inter-departmental collaboration and often cannot provide the immediate, real-time information necessary for rapid corporate decision making. Instead, companies in every industry are turning to more comprehensive, integrated solutions that connect operations and finance and enable continuous planning - without the limitations of spreadsheets.

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