It seems CFOs in Asia are still struggling with the basic issues around financial management of a decade ago, including the pervasive use of spreadsheets. What is holding CFOs back from breaking the Excel spell? Should they give up on Excel, to begin with?
Find out more in this research study by CFO Innovation, which was sponsored by Anaplan
. The report is based on a survey of 120 respondents across Asia.
The majority (57%) of companies still uses spreadsheets for budget and plan consolidation -- despite another finding that levels of satisfaction with accuracy and timeliness of the planning and forecasting process increase as the use of Excel decreases.
- The Spreadsheet Is Still King
- Accuracy: More Than One-Third Satisfied
- Timeliness: Only a Third Are Satisfied
- Ease of Use: Fewer Companies Are Dissatisfied
- Reasons for Satisfaction
- Reasons for Dissatisfaction
- Improving Satisfaction
- Other Metrics: Syntax, Drag-and-Drop and Scalability
- Keys to Success: No to Spreadsheets, Yes to Integration
- Anaplan’s Perspective