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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.