Spreadsheets: An Inadequate Solution for Budgeting, Forecasting and Reporting

Sponsored By Adaptive Planning

Topics:

Budgeting & Planning > Budgeting

Business Software > BPM , Spreadsheets

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Abstract:

Large corporations reap the benefits of purpose-built budgeting, forecasting and reporting applications. Unfortunately, because such applications are costly and complex to implement, deploy and maintain, mid-sized organizations have not been able to reap the same benefits. Instead, these organizations have conducted the budgeting and forecasting process through a readily-available, inexpensive and easy-to-use application - the spreadsheet.
Spreadsheets, however, were never designed for multiple users. They were not intended to be the foundation of a dynamic, shared function like financial planning. And they certainly weren't designed to provide the security required for financial information.
The good news is that Adaptive Planning offers an excellent solution:
- Easy to use
- Requires no IT resources for implementation or maintenance
- Facilitates compliance with regulatory requirements
- Creates a single data repository for all financial plans, forecasts, and reports

DETAILS

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Posted: June 24, 2008

Length: 11 pages

Format: PDF (113 kb)

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