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Risk and Reward

Are You Still Using Spreadsheets for Budgeting and Forecasting?

Most businesses worldwide use spreadsheets like Microsoft Excel for budgeting and forecasting, but at what risk? Just because spreadsheets are near ubiquitous for performing these tasks, does not mean that they are the best tools available. While spreadsheets are easy to use and familiar, they lack the functionality needed to create accurate, timely forecasts.

The main benefits of incorporating dedicated budget and forecasting software into your financial team’s toolbox, is that it provides more accurate, inclusive and timely budgets, while significantly reducing budget creation time and resources.

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Most businesses worldwide use spreadsheets like Microsoft Excel for budgeting and forecasting, but at what risk? Just because spreadsheets are near ubiquitous for performing these tasks, does not mean that they are the best tools available. While spreadsheets are easy to use and familiar, they lack the functionality needed to create accurate, timely forecasts.

The main benefits of incorporating dedicated budget and forecasting software into your financial team’s toolbox, is that it provides more accurate, inclusive and timely budgets, while significantly reducing budget creation time and resources.

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