Since the introduction of programs such as SuperCalc more than 25 years ago, spreadsheets have been popular with both finance and business professionals. But what really is the secret behind their appeal, and are they still a beneficial business tool or has their shelf-life expired?
If you’ve ever thought that devolved accounting is just a ruse for the finance department to shift some of its workload to other departments, then think again. It certainly means that non-finance staff do become more involved in the accounting process but typically the results are beneficial for the whole organisation.
A browser-based system means staff can log into the finance system from any location and can access documents or data via a single customised portal using a standard web browser.
The good news is that growth is the main reason that prompts the replacement of finance software. When companies first start out, they often run a standalone system that sits on a single PC and is managed by the bookkeeper or even the founder.
During a downturn it’s natural to think about ways in which you can reduce your monthly bills, but the act of scrutinising costs isn’t just about shedding pounds, it can also help you understand how to maximise profits.