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Excel-ling in Business Finances: Time For Alternatives!

a stack of papers with graphs and charts on a blue background. The text on the papers is "APR", "MAY", "JAN FEB MAR APR MAY", and "2015".

Spreadsheets have long been a trusted companion for managing business finances. Their versatility, ease of use, and affordability have made them an attractive choice for many entrepreneurs. If you’re in business finance, you must be using spreadsheets as an integral part of your job. The question is, should you entirely rely on spreadsheets for managing the financial data of your company?

How Innovation Helps Finance Leaders Make Impact

In every organization, the role of the finance leader encompasses two major missions, one is to reduce costs and the other is to boost growth in today’s competitive markets. Balancing the dual objectives of cost reduction and growth acceleration can create tension for finance leaders. On one hand, cost reduction often involves streamlining processes and optimizing resources, which can inadvertently stifle innovation. Conversely, a focus on growth may require investment and risk-taking that could strain financial resources.