The Problem WithMicrosoft

Excel

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Excel: Good for Business?

We all know that Excel can do an awesome amount of tasks for you to ease your working day and that without a doubt it is used by most businesses in one way or another.

However the ever changing updates and constant self-training involved can often lead to more issues down the line therefore leading to mistakes.

Showing the Pitfalls in Big Businesses

A prime example of this would be JP Morgan, an American finance organisation whom, as others in the financial sector, used Excel on a daily basis.

Fundamentally, a simple copy and paste plus a faulty equation made them a loss of $6 million dollars, with possible fines of up to $600 million.

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The Issue With Using Excel as an Accountancy Package

Most people studied I.T in school, but how much do we actually know about Excel as a product and service?

Setting up your accounts through Excel is time consuming and can often lead to a general lack of understanding of how it can help you in the long term.

Performance issues are a problem with Excel. When you start putting large amounts of data into your worksheets, Excel sometimes takes several seconds to catch up.

Excel doesn’t track anything for you. Its down to you to monitor and understand your accounting software.

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Software is a Better Solution for You

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The cloud based super secure network leaves you in control with real time dashboards and data information, making you wonder why you haven’t used it before as it is so simple and puts you in control.

You’re guaranteed maximum up time of the software, and backups are done nightly in highly secure servers, giving you peace of mind.

Our solution is double SSL encrypted, even more secure then online banking.

Reasons why Accounting Software is Better than Excel

1. Easy to use dashboard assures you’ll feel confident in the knowledge that you are on the right track with your business straight from the word go!

2. Real-time financials are always kept in one central place, no longer do you need to worry about being glued to your desk.

3. If you’ve got a big investor coming to visit you, its no problem as you can get all the information you require in minutes.

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4. All of the historical information that your investors might need is available at their fingertips. A proper audit trail ensures your data cannot be compromised.

5. Give any member of your team access your data online anytime, anywhere.

Reasons why Accounting Software is Better than Excel

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