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CFO Magazine: Why Does Excel Survive in Finance Departments?

“Business processes can be complex, and data can be messy, McIlheran said. Cloud-based financial applications enable finance departments to move away from manual processes in Excel.

“Because of its flexibility, Excel can be the glue that binds imperfect systems and processes together,” McIlheran said. “It can be a crutch to bring organizational processes or reporting together, but ultimately the business “will, and must, outgrow Excel.””

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