There is nothing inherently wrong with spreadsheets, it’s just how we use them that causes the pain. Running a business on the back of complex spreadsheets may work in the short term, but we all know that at some point in the future we will leave ourselves exposed, errors creep in, reconciliations become time consuming and it will end in tears.
The good news is that there are a growing number of solutions on the market that can overcome the shortcomings of the spreadsheet and deliver robust, trusted and accurate data for reporting and decision making. So where do you start? We would recommend starting at the top – by understanding the companies strategic objectives. This will not only set the terms of reference it will also define the priorities for delivering performance management solutions.
The overall objective is to connect departmental, functional and business unit plans in order to allocate the right mix of resources to achieve the companies strategic goals. By combining actual performance data with planning data, the solutions provide constant performance tracking to allow decisions to be made based on a single version of the truth.
At ICit we have worked with hundreds of clients to deliver thousands of applications using Anaplan, Certent, IBM and Oracle software.