5 Reasons Why Spreadsheets Are Jeopardizing Your Strategy Execution

One size fits…none

Businesses of all sizes depend on spreadsheets to organize, store, and analyze data, but has the reliance on sheets gone too far?

Spreadsheets offer simple and affordable data management. Software like Excel and Google Sheets make storing information, exporting data, and general business administration easier. But beyond basic functionalities, spreadsheets are more of a liability than an asset.

When it comes to executing a business strategy, think twice before trusting spreadsheets. Here are five ways spreadsheets are jeopardizing your strategic initiatives.

1. Spreadsheets are rife with errors.

Did you know that 88% of spreadsheets contain errors? Dirty data, inappropriate formulas, and human error contribute to this staggering statistic. With an error rate this high, an effective spreadsheet is more the exception than the rule.

Although spreadsheets have proven themselves as useful productivity tools…they are poorly suited for managing the disparate and sizeable data produced by the modern business…Errors are common, even with experienced users — the more data sources, the more formulas, the ‘larger’ the spreadsheet, the greater the chance for…