Spreadsheet Alternatives: 81% of Companies Supplement Their CPM Solution with Spreadsheets
Many corporate performance management vendors have been promoting the use of spreadsheet alternatives when it comes to streamlining and securing finance, accounting and businesses processes. However, before you think about replacing the spreadsheets, templates, models and formulas you and your team have devoted an extraordinary amount of time and effort to, you may want to consider the results of the following survey conducted by BPM Partners. An independent overview of the current business performance management landscape reveals that a vast majority of companies surveyed supplement their performance management solutions with spreadsheets. This data underscores the widespread reliance on the flexibility and power of the familiar spreadsheet environment. The survey, conducted by BPM Partners, the leading independent authority on business performance management solutions, also found that the preferred interface for new packaged applications is spreadsheet-like, or one that consists of actual spreadsheets tied to a secure, centrally controlled system. Entitled “The Pulse of Performance Management 2013: What You Need to Know for Budgeting, Reporting, and Financial Consolidation Success”, the BPM survey was designed to provide companies with information that will facilitate intelligent, informed discussions about performance solutions. Commenting on the frequent reversion to spreadsheets, Craig Schiff, CEO of BPM Partners, says, “Spreadsheets do not go away. People continue to use spreadsheets even as they move into packaged applications.” Speaking directly to companies seeking an effective business performance management solution with a high user adoption rate, Schiff explains, “You need to make sure that your solution either takes advantage of spreadsheets or at least finds some way to incorporate spreadsheets.” Click here to replay the original webinar.