The LedgerCurated content for
analytical business leaders Back to The Ledger
CFO Magazine: Can Excel Survive?
April 20, 2021
“But old dogs can’t always learn new tricks. While Excel has shown remarkable staying power, some experts believe it may now be challenged beyond its reach. Companies big and small increasingly need to automatically pull their financial data from multiple cloud-based systems and utilize more advanced data analytics. Excel may be a roadblock to that…While Excel is often used as a collection point for data from other systems, it is still a “manual and largely siloed vehicle”…Excel’s limited ability to handle massive data sets “can lead to long processing times and more steps than other database tools.””