Microsoft Excel is often perceived as a hindrance in the Project Management space due to perceived risks about lack of version control, especially when dealing with large enterprise projects. In this blog, we’ll look at some of the challenges in managing large enterprise projects. We’ll also look at ways Excel can become a better tool for businesses that need to simultaneously keep track of many – and large – projects, which is important for business stakeholders, analysts and also project managers who have to manage profit and loss (P&L) of their projects.
“May you live in interesting times.” This ironic expression accurately conjures the current turbulent political atmosphere, both in Europe and the United States. For example, the process of Brexit has only just begun, and its consequences are just now becoming apparent. This turbulence is felt not only in our personal lives, but also in the corporate world where companies need fast, accurate business data to adapt as best as possible to the consequences of political outcomes.
SAP started delivering financial planning functionality through its Controlling Module (CO) in the early 1980s, so you may wonder why planning processes are still so painful in the SAP environment. You may also question why this huge ERP investment has limited your ability for more frequent planning, like rolling forecasts. In the end, an alternative planning tool may seem like the answer, but is it?
Even when organizations have business intelligence (BI) solutions and ERP reporting tools like those from SAP or Oracle E-Business Suite (EBS), they often turn to Microsoft Excel for reporting and analysis because it’s easy and flexible.
At an auditor’s recommendation, your company may have been asked to better manage its spreadsheets. It may have even learned the hard way how spreadsheets can be dangerous. The risks are not unfounded. According to sources, more than 90 percent of spreadsheets contain errors, yet more than 90 percent of spreadsheet users are confident their spreadsheets are error-free.