Welcome to the posts on spreadsheets. 

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, ...

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 ...