Many businesses have traditionally used spreadsheet programs like Excel to handle their business finances.
Spreadsheet can be a convenient to use and valuable tool for business, but managing business accounts is not one of them.
Errors are the beginning of risks
Spreadsheet errors tend to have a waterfall effect.
Cut and paste is a common habit of people. Though it saves a lot of time, but isn’t always a good idea especially when using spreadsheet. This is because, through time, formulas can be damaged and changed, and links broken, which can lead to inaccurate reporting.
Spreadsheet risks are real
No matter how good a user is in performing spreadsheet, the risk of making mistakes is still always high because of human factors.
Security
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Accesibility
Flexibility
