It’s not the worst option available, it might not be the cleanest solution, but it does offer a level of flexibility if you have an in-depth understanding of key operational (or financial) business processes.
Excel is indeed super powerful. I’ve seen firsthand what they power in multiple Fortune 500 companies, and usually for a lot of critical tasks. It doesn’t surprise me in the least that this company was using it for finances.
This is why I specified “nearly” the worst. It can absolutely get the job done and has basically every tool you’d need to do the job, but it’s pretty much the worst amongst the “this will do everything you need” options.
My thought process was abacus < pen & paper < text file < spreadsheet < database solutions
Just goes to show that a spreadsheet is a very powerful tool.🤣
You could run empires on the back of a spreadsheet.
You absolutely shouldn’t, it’s nearly the worst option you have available, but you could.
It’s not the worst option available, it might not be the cleanest solution, but it does offer a level of flexibility if you have an in-depth understanding of key operational (or financial) business processes.
It’s better than just text files or word I guess
Shift+F9… annnnd, the data is gone
Not if there is a BACKUP folder with daily copies of all your spreadsheets.
Sifting through the backups is so much fun when you’re trying to find when a particular issue started.
My backup is ctrl+z 😎
Excel is indeed super powerful. I’ve seen firsthand what they power in multiple Fortune 500 companies, and usually for a lot of critical tasks. It doesn’t surprise me in the least that this company was using it for finances.
This is why I specified “nearly” the worst. It can absolutely get the job done and has basically every tool you’d need to do the job, but it’s pretty much the worst amongst the “this will do everything you need” options.
My thought process was abacus < pen & paper < text file < spreadsheet < database solutions
But a spreadsheet can function like a database. 🤣