inlumi blog

Stuck in Excel hell?

Stuck in Excel hell?

January 9th, 2019

As a Financial Controller, you might love Excel. But simply using spreadsheets for the creation of your budget or forecast has significant consequences.

Does this sound familiar?

  • Budget figures stored on numerous spreadsheets with no version of the truth
  • No real time data
  • Spending time in meetings validating the budget figures rather than on analysis
  • What-if scenario planning being a painful and lengthy process
  • Frustration with broken links and incorrect Excel formulas
  • No audit of who did what and when
  • Finance team wasting time on repetitive non-value adding work
  • Multiple budget contributors with no coherent process
  • Consolidation of departmental and divisional budgets a time consuming and error prone process
  • Knowledge of Excel models confined to a single person

With the right solution, you can improve the quality, efficiency and effectiveness of the budget cycle leaving you with more time to perform the critical role of shaping future business decisions.

The benefits of moving away from Excel and towards a modern solution include:

  • Seamless integration of financial and operational data
  • Streamlined planning cycles
  • Confidence in your numbers
  • Process management and version control

inlumi can help enable an informed decision on adopting the right technology to meet the needs of your organisation. Contact us.


About the author

Nathan Goodearl

Nathan Goodearl
Managing Consultant at inlumi

Nathan is an EPM professional with 15 years of experience primarily focused on Enterprise Planning solutions. Nathan enjoys seeking opportunities to add value to customers that benefits an entire organisation. He has contributed to the implementation and support of numerous EPM solutions covering the entire development and implementation cycle in various industries. Before joining inlumi, Nathan was the Subject Matter Expert at The Guardian for the internal Hyperion Planning system.