5 Reasons to Move off of Excel for Financial Close and Consolidation
Planful
OCTOBER 20, 2015
Here are five ways to know when you’ve outgrown Excel for financial close and consolidation and it’s time for EPM software. 1. Closing in Excel is Too Time-Consuming and Tedious. As the business grows and expands, Excel spreadsheets quickly become too large, cumbersome, complex, and error-prone to close out with confidence. When you begin the process of closing, you start by exporting trial balance data out of the general ledgers or ERP software and collect the data into spreadsheets
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