Recently I read an article that asked the question, “Is it time for your company to move away from spreadsheets for financial consolidation?” It’s a question that has been asked multiple times before, driving many software vendors to develop solutions that take you away from spreadsheets. In fact, if you look at the consolidation systems landscape, this has become more of the norm than the exception.
This led me to think of all of my experiences with such software solutions and my experiences with spreadsheets. If you think about it, taking a spreadsheet program away from an accountant would be stripping him of what is arguably the most powerful tool in his number-crunching arsenal. That being said, spreadsheets on their own aren’t the best solution forever. They can be cumbersome, difficult for data centralization, and can lead to version control issues—it is also quite a chore to consolidate data across spreadsheets.
While all of these things may be true in the context of separate, disparate spreadsheets, the fact is that no accountant or finance person is ever going to give spreadsheets up. Continue reading It’s NEVER the Time to Move Away from Spreadsheets in the Consolidation Process