Remove Auditing Remove Financial Data Remove General Ledger Remove Securities
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Why Robust Data Integration is Critical to Effective EPM Processes

Planful

Data Integration Requirements in EPM Processes and Software. One of the most critical requirements of an EPM platform is the ability to integrate financial and non-financial data from multiple sources. An EPM platform needs to support the integration of a wide variety of data sources and types: Trial balance summaries.

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Why Excel Spreadsheets Are Not Meant for Business Budgeting

Centage

Otherwise, you risk sharing incorrect financial data. Consolidating your financial data across several general ledgers quickly becomes complicated when you use spreadsheets. Fortunately, Planning Maestro offers cloud budgeting and planning software that simplifies the financial consolidation process.

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

Centage

Limited Visibility To conduct financial data analysis, your business needs to test various hypothetical scenarios. Data Security Vulnerabilities Excel spreadsheets may have more data security vulnerabilities than more advanced solutions. A single miscalculation could lead to significant monetary loss.

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

Centage

To conduct financial data analysis, your business needs to test various hypothetical scenarios. Data Security Vulnerabilities. Excel spreadsheets may have more data security vulnerabilities than more advanced solutions. Fraud can be challenging to prevent if there is a lack of an audit trail with Excel.