Industry News
CFO Dive: CFOs Cling to Spreadsheets Despite Their Limits as FP&A Tool
“The biggest complaint among spreadsheet users is the time required by manual processes to complete even basic tasks, such as budget preparation.
“With so much time spent on manual processes, the analysis part of Financial Planning and Analysis gets lost,” the report says.
It takes between four weeks and three months for the typical organization to complete its annual budget, after which more time is spent correcting mistakes and updating data.”
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