Ever thought how many spreadsheets your employees use daily and also, what type of data do they store in these spreadsheets. From financial planning to customer data, most employees depend on a number of spreadsheets to store business information. Most of them commonly use spreadsheets to store employee information, payroll, sales data, inventory details, project timelines etc. Most organizations track most of the processes in Excel sheets.1.Do spreadsheets put a business at risk?
While spreadsheets maybe convenient, but most of them pose a significant risk to the business. As they may get lost or misplaced. For Example, secured information may reach to a wrong person’s email. Use of incorrect formulae or is on a disgruntled employee’s hard drive or could lead managers to make poor decisions. Unsecured information puts your business at risk and multiple placed information wastes most if the employees’ time. The risks are endless. Most Businesses use spreadsheets to track End to Endcontinue reading →