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Why Excel Spreadsheets Are Not Meant for Business Budgeting

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Consolidating your financial data across several general ledgers quickly becomes complicated when you use spreadsheets. If the recipient views the files, they cannot manipulate the data. When you begin sharing your Excel spreadsheet across your business, you put your sensitive data at risk for security concerns.

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

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Excel is an easy-to-use platform for inputting numbers and getting results with simple formulas. Disadvantages of Excel for Financial Forecasting While Excel is not necessarily bad for data analysis or financial forecasting, it may not be the best option available to your business.

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Alteryx for Accounting: The Future of the Finance Organization

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In fact, we probably buried the lede on this one since, if we're to distill Alteryx into a single catchy tagline, it would be something like "unlock the power of your data. To borrow a metaphor from The Economist , that data, genuine BI, is "the oil of the digital era." Documentation and Data Audit. Financial Reporting.

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

Centage

Excel is an easy-to-use platform for inputting numbers and getting results with simple formulas. While Excel is not necessarily bad for data analysis or financial forecasting, it may not be the best option available to your business. To conduct financial data analysis, your business needs to test various hypothetical scenarios.