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Why You Should ditch Excel Spreadsheets
There are a few reasons why you should ditch Excel spreadsheets in favor of dedicated consolidation software. First and foremost, accuracy is crucial when it comes to financial information. One small error can throw off your entire consolidated statement, and that’s something you can’t afford.
Second, timeliness is also important. The sooner you can get your financial statements to stakeholders, the better. With dedicated consolidation software, you can automate the process so that your statements are generated as soon as the underlying data is updated. This way, you’ll never have to worry about being late with your reporting again.
Finally, ease of use is another important consideration. Spreadsheet-based consolidation can be cumbersome and time-consuming, especially if you have a lot of data to work with. Dedicated consolidation software is designed to be user-friendly and efficient, so you can get your work done quickly and without any headaches.
If you’re still using Excel spreadsheets to consolidate your financial information, it’s time to switch to Acterys. This will help ensure accuracy, timeliness, and ease of use—all things that are important when it comes to consolidated financial statements. Don’t let Excel kill your business—make the switch today!
