Companies often use Excel for budgeting, planning, forecasting and many other critical business processes.  As growth occurs, and the number of people interacting in a business process increases, manual errors, manual consolidation and a lack of the truth start to become major issues.  At the organizational level, business processes performed in spreadsheets become inefficient, ...

Altius CEO, Noel Phillips shares his thoughts on where he sees the direction of Enterprise Performance Management (EPM) usage moving in businesses large and small. Noel Phillips:  The first thing I am seeing is a more iterative approach.  It used to be that companies were lucky to get through one or two cycles of a budget and forecast a year driven by the lack of available dat ...

Many companies who have taken the plunge and implemented corporate performance management software are not seeing return on their investment. While CPM solutions have come a long way in recent years; helping companies to achieve process automation, collaboration and consolidation across their performance management processes, we often see those same companies struggling with re ...

Excel is a highly effective tool for key aspects of budgeting including data entry, model-building and analysis. The tool has lots of core functionality to leverage for the budgeting process.  One significant downside to relying solely on Excel for budgeting is the ability to pull in data from multiple systems. This might look like uploading actuals from your general ledger to ...