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AcctTwo Blog

Spreadsheets in Finance: Manual rollups, errors, needless complexity, and simplistic reporting

Eliminating the Risks of Spreadsheets in FinanceWe've posted before about the dangers of Excel-based reporting and other spreadsheet pitfalls in finance and accounting. Spreadsheets are an indispensable tool for some personal productivity and job functions, but they can be a hindrance to effective processes and controls in finance and accounting departments.

We'd like to share a short whitepaper on the subject from Ventana Reasearch, a benchmark business technology research and advisory services firm. The paper includes information about the effects of using spreadsheets on revenue recognition, month and year-end close, consolidations, and time and expense management.

Download this free white paper to gain a clear understanding of:

  • The risks and limitations of spreadsheets within financial processes
  • How cloud ERP software accelerates the monthly close, improves time and expense management, and automates revenue recognition processes including preparation for the transition to ASC 606
  • Practical steps organizations can take to eliminate spreadsheets and operate more efficiently
Topics: Blog spreadsheets accounting software White Paper Excel Featured Posts Awareness