In this article, we discuss the disadvantages of using manual spreadsheets for expense management and suggest a simple method for overcoming these shortfalls so businesses can thrive. When it comes to expense management, it’s high time businesses started adopting a more advanced approach to keep up with the rapid evolution of modern technology. While this manual method of expense management may seem quick and efficient when a business is starting out, it’s often not the right choice to fuel the next stage of a company’s growth, however.Īccording to the International Data Corporation (IDC), 64% of businesses still use spreadsheets in some capacity when dealing with their finances. ![]() ![]() Since the release of Excel 35 years ago, the spreadsheet has been a useful tool for businesses to organise, track, and calculate data.
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