CFO Magazine: Growing Pains: Stuck on Excel
May 17, 2022
“But “Excel is not a good tool when you’re seeking to coordinate the operation of a multinational company,” said Bruce Lynn, managing partner of The Financial Executives Consulting Group (FECG). “I have my spreadsheet, you have your spreadsheet, everybody else has their spreadsheets, and none of them talk to each other.”
Still, many finance departments are reluctant to let go of Excel even when more powerful purpose-built applications are available.”