Finance professionals have a love/hate relationship with spreadsheets. And no one knows this better than our own Stu Lucko, CFO on the Hubble team. Stu was recently quoted in a CFO.com article on the hidden taxes that impact finance performance. You can check out the full article here.
Stu makes a bold claim:
"You can’t be a high performing organization when you are stuck in a world of spreadsheets. Most finance professionals would cringe at this statement – especially since numerous financial tasks require data dumps into Excel. We all know Excel is really great at modeling, but it was not created to be a data management tool. When it’s used this way, inefficiencies multiply, and it can really cost the business a lot."
Just how much, though? Productivity taxes are often “hidden taxes” because they are difficult to quantify. Read the full article here for a look at how much these hidden taxes are costing you, and what you can do about it.