Managing Performance and Spreadsheets
Managing performance effectively requires that a company be able to provide executives, managers and employees with accurate, timely information and make it possible for them to work interactively with that information – to see the numbers behind the numbers. Our research repeatedly confirms that spreadsheets remain the dominant method companies use for analysis and reporting. For example, our Business Planning benchmark research found that 70 percent of organizations use them as their preferred technology supporting a broad range of planning processes. Yet spreadsheets are challenged when it comes to accuracy and timeliness because they lack the dimensionality and interactive capabilities necessary for effective business analysis. Spreadsheets also pose risks in governance and control.