Free CFO.com registration is required. Please click the "download report" button to register or log in.
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.