With Microsoft Excel, four decades old, spreadsheets have long been the mainstay for business analytics, finance, & reporting. For smaller businesses, spreadsheets may help to get simple tasks done.
However, in today’s automation-driven market, efficiency is a key variable for scaling businesses. As a result, custom software platforms are simply outclassing spreadsheets. Here are seven reasons your company should ditch spreadsheets:
1. Prone To Error
The manual nature of spreadsheets makes them especially susceptible to data entry errors that could pose significant costs (even billions of dollars in the case of JP Morgan).
This is likely why