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Why Businesses Are Choosing Other Options Over Excel Spreadsheets for Financial Forecasting

Centage

However, there can be some disadvantages to using Excel for your company’s financial forecasting. These can become apparent as your business grows and your accounting needs get more involved. Maintaining multiple spreadsheets requires manual data entry, which can allow human mistakes to creep in.

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Why Businesses Are Choosing Other Options Over Excel Spreadsheets for Financial Forecasting

Centage

However, there can be some disadvantages to using Excel for your company’s financial forecasting. These can become apparent as your business grows and your accounting needs get more involved. Disadvantages of Excel for Financial Forecasting. Excel users may have noticed some shortcomings of this software. Risk of Errors.