{"id":18572,"date":"2020-12-22T00:00:00","date_gmt":"2020-12-22T06:00:00","guid":{"rendered":"https:\/\/blog.planview.com\/reinventing-wheel-spreadsheets\/"},"modified":"2020-12-22T00:00:00","modified_gmt":"2020-12-22T06:00:00","slug":"reinventing-wheel-spreadsheets","status":"publish","type":"post","link":"https:\/\/blog.planview.com\/reinventing-wheel-spreadsheets\/","title":{"rendered":"Reinventing the Wheel with Spreadsheets"},"content":{"rendered":"

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For a long time, too long in fact, spreadsheets have been the primary tool that organizations use for budgeting, planning and forecasting. It has become ingrained in the DNA of how organizations function, the foundation of everyday reporting and transmission of vital information. Some teams <\/span>exchange hundreds of spreadsheets every day<\/span><\/a>, <\/span>this is despite the fact that nearly 90% of spreadsheets have errors<\/span>, with an investigation into Enron’s spreadsheet usage finding one with more than 83,000 errors.<\/span><\/p>\n

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So why are spreadsheets still so common? One reason is because that’s how it has always been, electronic spreadsheets have been around since the late 1960s and as the use of computers increased, so spreadsheets took over the world too. They certainly have a function, but unfortunately the way they are used by many businesses is at best unwieldy and time-consuming and at worst <\/span>exposes your organization to massive losses and regulatory risk<\/span><\/a>. <\/span><\/p>\n

However, as it is such a cornerstone of modern business practice, one might think that moving from manual input spreadsheets to an automated version was the equivalent of receiving an unnecessary brain transplant. Complicated, expensive and loaded with major risk factors.<\/span><\/p>\n

Actually, the exact opposite is true. The benefits of <\/span>automated and cloud-based project planning<\/span><\/a> are manifold while its implementation is quick, flexible and pain-free. You don’t actually have to reinvent the wheel to make a car go faster, just give it a better engine.<\/span><\/p>\n

How automating your data can change your world:<\/span><\/p>\n