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Article: Spreadsheet shortcomings account for burgeoning budgeting market. (client/server, workflow software, and other technologies provide a foundation for budgeting as an application)
- Article from:
- Software Magazine
- Article date:
- September 1, 1994
- Author:
CopyrightCOPYRIGHT 1994 Wiesner Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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"Every company goes through budgeting hell once a year," said Clare Gillan, director, applications and information access at market research firm International Data Corp. (IDC), located in Framingham, Mass. The problem, Gillan said, is that the budgeting process has been "under-automated."
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Large companies that involve line managers and various divisions in the annual budgeting process could spend months extracting data from their general ledgers (GLs) and entering it into spreadsheets, retrieving paper worksheets and spreadsheet files, keying in numbers, consolidating them, revising them, checking for data entry errors, sending the ...