There are numerous ways that companies organize their businesses and many choose to use spreadsheets as a key part of the process. It is evident that many people are familiar with Excel and that it provides an easy solution for managing company expenses. The problem with spreadsheets is that they were never meant to get
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Completing manual expense reports is a labor-intensive and costly process. According to 3,000 Hours Wasted On Expense Reporting by PYMNT, 20% of manually-completed expense reports contain errors. Correcting and perfecting expense report errors cost companies an average of 500 thousand dollars annually. The error rates in Travel and Expense (T&E) are so high because most
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Businesses spend large amounts of time and money ensuring that their excel spreadsheets do not contain errors. However, it is not enough. Studies find that over 1% of formula cells contain errors. These small mistakes cost companies billions of dollars every year. As versatile as Excel sheets are for running businesses, they become too complex
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