The Limitations of Excel for Corporate Planning and Budgeting
There was a time when budgets were prepared manually, and Excel had yet to be invented.
Excel Has its Place in the Budgeting and Planning Process
There is a lot written out there about replacing Excel as a Budgeting & Planning tool. In my experience the key to success is finding the balance between the flexibility and familiarity of Excel and its inherent limitations as a robust and scalable solution for Budgeting & Planning.
Budget Season: Excel Turns the Office of Finance into Scrooge
Once you get through this current budget cycle, set a New Year’s resolution…
What Makes Models Work? (#1)
An effective way to make any decision involving complex systems or processes…
Blog Part 1: Excel is Your Consolidation Environment Today
I am no savant and I would never tell someone that I know what is best for his or her specific solution but there are just too many hoops to jump through when
Which Management Reporting Approach? A Simple Decision Framework
There’s nothing fancy about the spreadsheet or the computation methodology.
Excel-Based Management Reporting: Spinning Straw into Gold
Don’t get me wrong: there are lots of ways to skin the management reporting cat …
Essential Budgeting and Planning System Components: Part 3 - Offline Planning
Whether planners are in remote locations or simply travel frequently, there is value in being able to access a planning system offline. One of our non-profit customers has staff responsible for project-based budgeting located in Africa – in areas with limited bandwidth and a sporadic internet connection at best. Spotty internet isn’t an excuse for a late budget. In this situation, it’s easy to see why their arcplan planning system needs to be functional for offline staff.
Is Excel the Most Dangerous Piece of Software in the World?
Microsoft’s calculator is partially to blame for JPMorgan losing $9bn, and a lot more besides.
Is Excel the most dangerous piece of software in the world? Baseline Scenario’s James Kwak reports on a little-mentioned aspect of the notorious “London Whale” debacle at JPMorgan, where Bruno Iksil headed a proprietary trading team which made losses of up to $9bn.