Five Reasons You Can’t Rely on Spreadsheets for Your Account Reconciliations

And What You Can Do About It

Ever changing reporting requirements and increasing complexity in organizational structures has caused an increased reliance upon spreadsheets by the office of finance – significantly increasing risk every day.

Many organizations rely upon spreadsheets so heavily that they lose sight of the original purpose of the spreadsheet and make decisions based on erroneous data.

In hopes of having organized, coherent information, many in finance develop complicated, multi-level spreadsheet systems for processes like account reconciliation. But organizations quickly find themselves buried in a mountain of spreadsheets and investing an inordinate amount of human resources to maintain the highly manual process.

This eBook takes a look at what has commonly been identified as the top five, often interconnected problems associated with an over-reliance on spreadsheets by the office of finance.

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