I have heard predictions about the future (or lack of it) of spreadsheets. But in the last five years I have been hosting roundtables, panel discussions and forums on multiple topics, including finance automation, one thing is clear, finance professionals love their spreadsheets for many reasons:
- Ease of use: easy to build and easy to amend
- Portability: easy to make at home, in the office, at a coffee shop, and also easy to share
- Simple security: you know you can put a password on it right?
- Learning curve: you don’t need a rocket-science degree to learn to use it
It helps that some of the most expensive and most recognizable business applications out there, including ERP, MES, SCM, sales tools, HCM, are just too complicated to use (have you seen their menus?) and you need to be behind the company firewall to use them (of course it's all about securing the data).
Did I forget to mention they cost millions and the C-suite love them?
Perhaps because most of them don’t use these and someone else has to languish learning how to use them – IMHO.