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Eliminating Spreadsheet Chaos Dan Aldridge CEO Performa Apps e-mail [email protected] website www.inforln.com/wp linkedin Dan Aldridge twitter @Danaldridge1

Eliminating Spreadsheet Chaos With GlobalSoft Spreadsheet Server

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Eliminating Spreadsheet Chaos

Dan Aldridge  CEO  Performa Apps   e-mail  [email protected]

website  www.inforln.com/wplinkedin  Dan Aldridgetwitter  @Danaldridge1

The Unsurprising Results Are In…

90% of all spreadsheets with 150 rows or more had errors.

75% of all spreadsheets had errors.

90% of companies are not confident that their spreadsheet forecasts and reports are accurate and reliable.

An Environment of Exasperation

• Enormous amount of time spent building and maintaining spreadsheets.

• Data collection, review, and submission processes are largely manual—and error-prone.

• Data is stored in myriad spreadsheet and databases.

• Changes to data must be promulgated manually.

• Version control is challenging, at best.

• Cycle time is unnecessarily long.

• Consolidating, unifying, and integrating data at any given level is difficult.

• Integration with other financial source systems is cumbersome or manual.

• Data analysis and reporting is slow and unreliable.

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Bill the Budget Director

Pauline the Department Manager

Dave the Ass’t Division Director

Unit Managers, I found a couple of small errors. Use this template instead.

Dave, here is my budget input.

I don’t see any difference. I’ll stick with my first to avoid confusion.

Bill, here’s the Department’s submission.

Hmmm, just noticed and fixed some possible small errors. I need Donna to confirm.

You’re right, Dave. Good catch.

Donna the Division Director

Bill, here’s the Department’s submission.

Dept Managers, here is the budget data entry template for all program data.

Donna, something is amiss.

A Typical Spreadsheet Conversation - Budgeting

So Why Do We Cling to our Spreadsheets?

Because it feels easier in the short-term.

Very short learning curve.

End users can customize their spreadsheets with their own versions and calculations.

Although this contributes to the problem.

No IT assistance required.

It’s already paid for, as part of Microsoft Office.

No complicated contracting required.

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We Can Have Our Cake and Eat it Too!

Web-based, Excel-type interface makes user transition simple.

One centralized database for one single version of the truth.

Workflows for data collection, review, and submission activities are streamlined and automated.

Built in security, control, and financial intelligence improve cycle time.

Data and program analysis and reporting is immediate and actionable.

Open architecture allows integration with other source systems.

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Corporate Performance Management

ManagementReporting &Analysis

Strategy

Planning

Budgeting

Forecasting

Consolidation

ERP

FMS

CRM

Big Data

DataManagement

WebViews

WorkflowApprovals

Text Comments

ExcelViews

ExceptionRules

Copyright © 2011 Infor. All rights reserved. 7

Security

Cubes Databases

Structure

Source Systems(GL, ERP, CRM, SCM, Other)

Application

OpenLink

Applications

WebExcel

Database

Closed-LoopPerformance Management

BI

Infor CPM – “Hot” Vendor in Analyst Evaluation

Results from a Ventana Research Study…..

Source: The Ventana Research Value Index: Financial Performance Management, November 2010

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For more info: Email [email protected]

Website: www.inforln.com/wp

Twitter @danaldridge1, @iapperp