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With the fast pace of business change, CFOs need accurate financial information to make informed decisions on the fly. Accounting has evolved quite a bit since the early days of double-entry systems and generalledgers. Compounded over many rows, even a simple mistake can lead to faulty financialdata.
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The rise in digital transformation (DX) initiatives and the adoption of mobile technologies have also contributed to the demand for cloud-based financial applications in Asia/Pacific. Companies are increasingly seeking secure and compliant solutions to manage their financialdata.
As each contributor enters financial information and transactional data, those inputs automatically ripple through the budget. That extends from the most meticulous operational details to the highest consolidated financial roll-ups.
Otherwise, you risk sharing incorrect financialdata. Consolidating your financialdata across several generalledgers quickly becomes complicated when you use spreadsheets. Fortunately, Planning Maestro offers cloud budgeting and planning software that simplifies the financial consolidation process.
Disadvantages of Excel for Financial Forecasting While Excel is not necessarily bad for dataanalysis or financial forecasting, it may not be the best option available to your business. Limited Visibility To conduct financialdataanalysis, your business needs to test various hypothetical scenarios.
Disadvantages of Excel for Financial Forecasting. While Excel is not necessarily bad for dataanalysis or financial forecasting, it may not be the best option available to your business. To conduct financialdataanalysis, your business needs to test various hypothetical scenarios. Limited Visibility.
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