Plenty of managers in finance departments use MS Excel to generate financial reports, carry out financial consolidation, draw up long-term projects, and make key business decisions. As common as the use of this dynamic tool is in such areas, however, its tendency to produce errors – especially in financial controlling and the creation of consolidated financial statements – should not be underestimated. This white paper offers an overview of all the minor and more significant obstacles MS Excel entails and highlights what a better CPM solution should offer in terms of consolidation, planning, and reporting.
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