Thursday, 2 September 2010

Escaping Excel Hell - Budgeting

Budgeting. A word that strikes horror into every finance department and every corporate manager.

For smaller businesses budgeting is often a totally alien concept. So sadly is cash flow forecasting. For them a simple Excel spreadsheet could transform their business, giving them forward visibility of issues and the time to avoid therm.  But as they grow ....

Many larger businesses still use Excel. Imagine running 300 cost centres across a £250m business that had changed from manufacturing to product/service projects in just a few short years. I've seen it and helped replace it: [ more...]