5 Reasons to Ditch Your Spreadsheets
Think relying on spreadsheets isn’t costing your business? Think again.
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Small spreadsheet errors are a big deal - 88% of all spreadsheets contain significant errors. It makes sense. After all, spreadsheets are human-dependent, and humans make errors.
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You’re overpaying on taxes and insurance premiums - Ghost assets are assets that appear on a company’s asset register but cannot be physically located or unusable. Eliminating ghost assets can reduce income taxes, personal property taxes, and insurance premiums.
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You’re setting yourself up for compliance and audit issues - Incorrect depreciation calculations result in improper tax payments and expose your business to fines for regulatory non-compliance. Validating complex formulas on spreadsheets is time-consuming, resulting in increased financial audit fees and headaches.