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 as complex as they are today. Error rates are high and they are difficult to find and fix. In addition, spreadsheets are difficult to keep track of as they get shared throughout the organization. In the article, The Data Lab explains many reasons why using Excel sheets are bad for business in an effort to help organizations make the transition to better tools.
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Why Excel spreadsheets are bad for Business: Data Errors & Solutions. The Data Lab. (2021, February 1). Retrieved April 21, 2022, from https://thedatalab.com/news/why-excel-spreadsheets-are-bad-for-business-data-errors-solutions/