Budgeting and Planning at Midsize Companies: When Are Spreadsheets Alone Not Enough?

Sponsored By Prophix

Topics:

Budgeting & Planning > Budgeting

Business Software > Spreadsheets

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Abstract:

Pressured by senior management and boards of directors to produce more detailed budgets, forecasts, and performance data, many finance executives are reevaluating their reliance on spreadsheets for planning, budgeting, and forecasting.

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. They are easy to understand and use; nearly all staff have some proficiency with Microsoft Excel.

Large enterprises in recent years have migrated from spreadsheet-dependent processes toward more sophisticated automated planning, budgeting, and forecasting tools. As software technology improves and a corps of technologically sophisticated finance executives comes to lead new and smaller companies, a provocative question emerges: Can midsize companies derive similar benefits by implementing these analytical applications?

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Released: June 05, 2008

Length: 24 pages

Format: PDF (769 kb)

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