After 25 years in business, I have developed what I believe to be a very valid hypothesis. Are you ready for it?
No one has ever started their day with the intentions of building a 3,000 line EXCEL spreadsheet with 13 tabs.
While I am fairly confident that my hypothesis is true, the business world is fraught with enormous, complex, and cumbersome EXCEL spreadsheets, many of which are at the core of the operations of a firm. Below are some of the scenarios I’ve personally witnessed:
Any of these sound familiar?
Why is EXCEL so prevalent in these complex scenarios? There are two main reasons:
What are the major reasons EXCEL may not be the best tool for complex analysis with large amounts of dynamic data?
So now that I’ve presented all these challenges, I’d like to recommend a next step for you.
Think about how you and your firm are using EXCEL and determine if it is really the best solution for your particular situation or if it was chosen simply because it was the most readily available tool.
There are many platforms that are flexible, secure, efficient and effective for providing an enterprise with the reports and analysis needed to run a competitive business.
You may be asking why I dislike EXCEL. I don’t. I use it nearly every day and will continue to. On the other hand, I also use my toothbrush daily, and while I could, I don’t try to wash my car with it.
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