We'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