CFO Research Services: Equipping Finance Leaders for Success
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Budgeting & Planning at Midsize Companies - A report prepared in collaboration with PROPHIX Software
When Are Spreadsheets Alone Not Enough?
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ABOUT THIS REPORT
Midsize companies have relied on spreadsheets and manual budgeting and forecasting processes since the earliest days of personal computers, and spreadsheets remain the de facto standard for day-to-day quantitative analysis. Indeed, wellcrafted spreadsheets may be all the technology a new company needs to get up and running quickly. They are easy to understand and use; nearly all staff have some proficiency with Microsoft Excel.
However, large enterprises in recent years have migrated from spreadsheetdependent processes toward more sophisticated automated planning, budgeting, and forecasting tools.