Excel with all its shortcomings
Posted: Mon Jan 20, 2025 3:35 am
Some business processes require only manual data entry and human analysis, since many different factors may be involved in the final calculation. For example, some operations for compiling IFRS reports afghanistan telegram number database require only manual data entry as part of the formation of transformation or consolidation adjustments. Automating such a process can be extremely difficult. And companies choose to use spreadsheets, seeing no other option.
For example, the activities of organizations within a single group of companies may be so different that bringing them together into a single information system is a difficult task. In such cases, may seem like the only available automation tool. Another option is a very flexible system that will help formalize the processes of each company in separate virtual spaces. But its implementation will require significant time and financial costs.
Although Excel is a familiar and convenient tool, as the business grows, its capabilities may become insufficient. Negative experience with automation and the complexity of business processes are not a reason to completely abandon the implementation of more powerful and functional software.
The main thing is to choose the software product that will meet the company's needs. There are many domestic systems on the market now that can solve all automation problems. A pilot implementation will help to assess how suitable a particular solution is for the company.
At the testing stage, it is worth paying attention to the adaptability of the software product and the ability to enter data at different levels of aggregation. Combining different business processes is possible only in flexible systems, where their different structure is not a limiting factor. And Zero-code systems built on the basis of the Excel interface, in which the user can work with familiar Excel formulas, allow staff to adapt already at the implementation stage.
For example, the activities of organizations within a single group of companies may be so different that bringing them together into a single information system is a difficult task. In such cases, may seem like the only available automation tool. Another option is a very flexible system that will help formalize the processes of each company in separate virtual spaces. But its implementation will require significant time and financial costs.
Although Excel is a familiar and convenient tool, as the business grows, its capabilities may become insufficient. Negative experience with automation and the complexity of business processes are not a reason to completely abandon the implementation of more powerful and functional software.
The main thing is to choose the software product that will meet the company's needs. There are many domestic systems on the market now that can solve all automation problems. A pilot implementation will help to assess how suitable a particular solution is for the company.
At the testing stage, it is worth paying attention to the adaptability of the software product and the ability to enter data at different levels of aggregation. Combining different business processes is possible only in flexible systems, where their different structure is not a limiting factor. And Zero-code systems built on the basis of the Excel interface, in which the user can work with familiar Excel formulas, allow staff to adapt already at the implementation stage.