Regarded as a very effective and reliable means of data management, monitoring valuable financial data, as well as optimizing processes involving frequent data entry and manipulation, spreadsheet programs have rapidly become popular among businesses of all types and sizes.
Serving for a multitude of purposes and being renowned for their efficiency and reliability, spreadsheet solutions have a major contribution to business management and development. Existing spreadsheet solutions are no longer limited to accountancy processes (monitoring financial data, managing budgets and facilitating a series of data manipulation processes); they can also be successfully used as means of business analysis, organization, as well as forecasting, allowing companies to gradually expand, achieve better exposure and neutralize the competition.
Many spreadsheet applications nowadays have functionality above and beyond the traditional, offering a variety of charts, look-up tables, databases and more functionality than can be mentioned here.
Undoubtedly, spreadsheets can help you improve the efficiency of your company regardless of the nature or size of your business. However, it is very important to note that the process of programming formulae and mathematical algorithms behind spreadsheet programs can be very complex and time consuming; one having to invest much effort to create the most appropriate spreadsheet solution for one's company.
what is a spreadsheet used for