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The Cost of Doing Business in Excel

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 and mistakes become inevitable. In the article, Rūta Bakanaitė describes examples of how simple spreadsheet errors gravely hurt organizations. Click the picture above to read more.

A simple solution to reduce errors on Excel spreadsheets is to automate the process altogether.

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Article reposted with Permission from Rūta Bakanaitė.

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