eliminating spreadsheet chaos with globalsoft spreadsheet server
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Eliminating Spreadsheet Chaos
Dan Aldridge CEO Performa Apps e-mail [email protected]
website www.inforln.com/wplinkedin Dan Aldridgetwitter @Danaldridge1
The Unsurprising Results Are In…
90% of all spreadsheets with 150 rows or more had errors.
75% of all spreadsheets had errors.
90% of companies are not confident that their spreadsheet forecasts and reports are accurate and reliable.
An Environment of Exasperation
• Enormous amount of time spent building and maintaining spreadsheets.
• Data collection, review, and submission processes are largely manual—and error-prone.
• Data is stored in myriad spreadsheet and databases.
• Changes to data must be promulgated manually.
• Version control is challenging, at best.
• Cycle time is unnecessarily long.
• Consolidating, unifying, and integrating data at any given level is difficult.
• Integration with other financial source systems is cumbersome or manual.
• Data analysis and reporting is slow and unreliable.
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Bill the Budget Director
Pauline the Department Manager
Dave the Ass’t Division Director
Unit Managers, I found a couple of small errors. Use this template instead.
Dave, here is my budget input.
I don’t see any difference. I’ll stick with my first to avoid confusion.
Bill, here’s the Department’s submission.
Hmmm, just noticed and fixed some possible small errors. I need Donna to confirm.
You’re right, Dave. Good catch.
Donna the Division Director
Bill, here’s the Department’s submission.
Dept Managers, here is the budget data entry template for all program data.
Donna, something is amiss.
A Typical Spreadsheet Conversation - Budgeting
So Why Do We Cling to our Spreadsheets?
Because it feels easier in the short-term.
Very short learning curve.
End users can customize their spreadsheets with their own versions and calculations.
Although this contributes to the problem.
No IT assistance required.
It’s already paid for, as part of Microsoft Office.
No complicated contracting required.
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We Can Have Our Cake and Eat it Too!
Web-based, Excel-type interface makes user transition simple.
One centralized database for one single version of the truth.
Workflows for data collection, review, and submission activities are streamlined and automated.
Built in security, control, and financial intelligence improve cycle time.
Data and program analysis and reporting is immediate and actionable.
Open architecture allows integration with other source systems.
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Corporate Performance Management
ManagementReporting &Analysis
Strategy
Planning
Budgeting
Forecasting
Consolidation
ERP
FMS
CRM
Big Data
DataManagement
WebViews
WorkflowApprovals
Text Comments
ExcelViews
ExceptionRules
Copyright © 2011 Infor. All rights reserved. 7
Security
Cubes Databases
Structure
Source Systems(GL, ERP, CRM, SCM, Other)
Application
OpenLink
Applications
WebExcel
Database
Closed-LoopPerformance Management
BI
Infor CPM – “Hot” Vendor in Analyst Evaluation
Results from a Ventana Research Study…..
Source: The Ventana Research Value Index: Financial Performance Management, November 2010
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