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Centage

spreadsheets

spreadsheets

February 28, 2023

How Excel Spreadsheets Cause Businesses to Lose Historical Data and How to Avoid It 

By Centage

Excel is a standard tool in many offices. Data analysts rely on spreadsheets to compile and house data while using features to create essential visual elements, like graphs and charts. Though Excel is convenient and easy to use, it has many downsides, including causing your...

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spreadsheets

February 7, 2023

Lack of Efficiency With Excel Spreadsheets

By Centage

Spreadsheets are a powerful method for many businesses to store data, perform simple calculations, and help visualize essential information. As businesses continue to grow, however, spreadsheets can become complex and unwieldy for meeting a company’s complete financial planning and analysis (FP&A) needs. Why Are Spreadsheets...

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budget maestro, financial reporting, spreadsheets

July 3, 2018

Beware the Error: How Spreadsheets Can Ruin Trust with Leadership

By Jason Lin, Chief Financial Officer

Any leader will tell you that trust is a critical component of business. Customers respond positively to businesses they trust, and abandon those they don’t. Good managers spend at least part of their day building and establishing trust with their employees. Employees know that company...

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financial reporting, spreadsheets

June 5, 2018

Falling Short – Excel and Financial Reporting Problems

By Jason Lin, CFO

When it comes to financial reporting, Excel is the go-to for many companies, from small start-ups to larger corporations. In fact, the Financial Executives Research Foundation reported that 69% of companies surveyed continue to use Excel as their main tool for budgeting and planning, despite...

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spreadsheets

May 8, 2018

The Dangers of Manual Spreadsheet Reconciliation

By Jason Lin, Chief Financial Officer

Stressed Young Businesswoman Sitting At Desk In Office At the end of every month, quarter and year, finance teams across the globe spend thousands of hours reconciling spreadsheets manually to close out company books in Excel. If this includes your company, don’t worry, you’re not...

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spreadsheets

September 5, 2017

Spreadsheet Budgeting and Forecasting Red Flags: How to Know When It’s Time to Switch

By Jason Lin, CFO

lot of numbers on a spreadsheet (3d render) Is your budgeting process consistently bogged down, slow, and dare I say, painful? It might have less to do with the budgeting and forecasting process and more to do with the system your organization is using, namely...

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spreadsheets

July 25, 2017

Spreadsheets Behaving Badly: 3 Common Mistakes to Avoid

By Jason Lin, CFO

Stressed Young Businesswoman Sitting At Desk In Office You don’t have to go far to find a CFO or budget manager who has suffered from making spreadsheet mistakes. In fact, it happens more than you think. A 2015 YouGov study that looked at spreadsheets found...

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spreadsheets

May 12, 2016

[INFOGRAPHIC] Billion Dollar Excel Errors Make You Think Twice

By Jason Lin, CFO

Remember VisiCalc? ESPN launched, Madonna was in charge, and gas was 86 cents a gallon. That was 1979 believe it or not. Lotus 1-2-3 hit the market in 1983 followed by Microsoft Excel in 1985. Each spreadsheet was revolutionary in its time and Microsoft Excel...

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budgeting and forecasting software, business budgeting software, cash flow budgeting, financial planning software, forecasting, personnel planning, spreadsheets

November 3, 2015

The Last Day of the Accounting Period Phenomenon

By Alan Hart, Centage Guest Blog Author, Principal Consultant at Pacific Shine Group

Is shipping on the last day of the month that important and at any cost? In my work in management consulting in the areas of accounting and finance I get involved with many client companies’ financial statement preparation, disclosure work and internal control (plus internal...

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Also by This Author

  • Spring Cleaning: Your Mid-Year Budget Review Checklist
  • Presenting to the Board – A Nonprofit CFO’s Perspective
  • Meet the Maestros – Customer Series – Urban Ventures
  • Meet the Maestros – Customer Series – The Wildlife Gallery
  • How Excel Spreadsheets Cause Businesses to Lose Historical Data and How to Avoid It 

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