7 Strategies For Reducing Excel Errors - White Paper
It is understood and accepted in the business community that spreadsheets have errors. Almost 90% do, in fact. Yet month after month, quarter after quarter, these spreadsheets are used to make routine and business critical decisions. Often times these decisions end up being huge losers.
We work with a lot of engineering companies and a bizarrely common problem is bidding and building equipment based on the wrong document revision because of an error in a spreadsheet-based document management system. Sometimes the mistake isn’t terribly costly and serves as a wake-up-call. Other times, the company is out hundreds of thousands of dollars (sometimes millions) and the folks responsible are out of a job.
