Survey Says
Two-thirds of U.S. college and university budget directors give their Excel-driven budget process a 'C' grade or lower. A survey by XLerant, Inc., shows that while mounting economic pressures make budgeting and planning more critical than ever, most collegiate budget leaders say their process falls short. [ more ]
XLerant recently completed a survey of more than 100 Business Officers and distilled critical insights in an informative whitepaper. [ more ]
The Chief Complaint of Finance: "The mechanics take too much time, and they don't have enough time for analysis." A close second was "Department heads hate the budget process. They simply do not put enough thought into it". [ more ]
Survey on the usability of budgeting and planning applications. [ more ]
According to a recent survey (multiple surveys in fact) most organizations are still using Excel for budgeting. Part of the explanation for that, of course, is "it's free". But it's also because we in Finance have a bias for spreadsheets. No self respecting accountant or finance professional would back down from the challenge of building a budgeting process using Excel (Bill Gates is smiling, I can feel it). [ more ]
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