Are Spreadsheets Sabotaging Your Profits?
May 4, 2009 by Steve Epner
A recent advertisement showed a ransom note that said: “give up the spreadsheet and no one gets hurt.” The reality is that many firms are tied to spreadsheets for multiple business applications and are afraid to let go. Spreadsheets are ubiquitous, relatively easy to use and can be very sophisticated; but they are often uncontrolled, poorly designed and inadequately maintained. This paper examines the history and use of spreadsheets in business applications, the risks associated with the use of spreadsheets, and a practical example referencing demand forecasting.
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