According to a recent Wall Street Journal article, “While many still see it as a helpful tool, some CFOs say finance teams rely on it too much, often for tasks that Excel isn’t well-suited to handle. That can lead to mistakes and wasted time.”
While spreadsheets certainly are still the right answer for many business tasks, the truth is that there are some functions, like compensation that are too important to continue using a band-aid, like Excel to complete.
This paper lays out the top 5 reasons why compensation needs to move beyond the spreadsheet. There are too many known risks to not explore other options to secure the process, save money and avoid these pitfalls.