7 Deadly Signs Excel is Killing your Business Performance

Talk to any finance professional, and most of them
will say the same thing: Excel is a part of their
everyday routine. And don’t get us wrong, Excel is
fantastic at modeling. And there’s no better expert
at pivot tables, v-lookups and calculations in Excel
than a finance guru.


But when it comes to using Excel as a data
management tool, there can be some serious risks
involved.


Google “spreadsheet errors” and you’ll probably
come across the famous study by Ray Panko that
claims that almost 90% of Excel spreadsheets
have significant errors in them. The majority of
those errors are human errors – meaning they
could have been avoided. But it’s not the finance
professional’s fault. We are all human, and as hard
as we try, perfectionism is just not sustainable. But
the worrisome fact here is that even the smallest of
errors can be very costly mistakes for a company

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