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Today’s Business Budgeting; Can Your Spreadsheet Software Keep Up

Centage

When it comes to business budgeting and planning, traditional spreadsheets are labor-intensive, prone to errors, and static, so it can be difficult to get a clear view on your current and future financial position. With the fast pace of business change, CFOs need accurate financial information to make informed decisions on the fly.

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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. You need to account for these possible outcomes in advance to ensure your business plans appropriately.

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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.

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10 Best FP&A Software Tools: A Comprehensive Buyer’s Guide [2023]

Onplan

OnPlan is a financial modeling and forecasting tool built by financial planners and analysts. Adaptive is one option companies use for modeling, budgeting, forecasting, and financial reporting. With self-service financial reporting, individuals can personalize and share reports as required.