Are you suffering from cost spreadsheet syndrome? Most finance professional spend an average of 18 hours a month updating, consolidating, revising, modifying and correcting spreadsheets. If misinformation is spreading through your organization, this presentation provides the reasons why you should break away from spreadsheet analytics.

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Why Companies Need A Robust,
End-to-End Cost and Profitability System
Spreadsheets Are Bad
for Your Business Health

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Spreadsheets are like chocolate
Everyone loves them.
They come lots of shapes and sizes.
You can get them everywhere.
But, just like chocolate…
If you have too many , you’ll get sick.

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Cost Spreadsheet Syndrome
The condition of depending
on spreadsheets to
calculate costs, value
inventories, estimate
profits, analyze scenarios
and report results.

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Most finance professionals
spend an average of 18
hours a month updating,
consolidating, revising,
modifying and correcting
spreadsheets.*
Notice that list doesn’t
include valuable activities
like analyzing, predicting,
forecasting, or simulating.
* Source: Vendana Research

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35% of spreadsheet users
admit they are fully aware
that the spreadsheets
used to manage their
most important business
processes have errors.*
And we contend that the
remaining 65% are just
unaware that the errors
exist.
* Source: Deloitte

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72% of finance professionals
confess that the most important
spreadsheets are shared with
their collegues.*
And because the contain errors,
misinformation spreads through
the organization.
* Source: Vendana Research

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As spreadsheets evolve,
particularly Microsoft©
Excel, and become more
complex they become
more difficult to manage.*
That means more time
spent on “fixing” the
spreadsheet and less time
for benchmarking and
analyzing results.
* Source: Beyond PLM

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One Version of the Truth
Create an environment where
everyone works from the same
data. Centralize data
from ERP, finance,
operations
and database
systems to
establish a
robust cost
and profitability
system.

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Eliminate Manual Processes
and Improve Productivity
An integrated, end-to-end cost
and profitability system
reduces manual tasks by
integrating data sources,
creating workflows and
automating tasks. The focus
shifts to value-added analytics
that can guide business
decisions.

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See Clearly Into The Future
Spreadsheet analytics
are only as good as the
assumptions made and data
included. An enterprise-
wide cost and profitability
system with a sandbox
environment exposes the
true impact of changing
variables.

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Establish Controls and Track Changes
Corporate requirements
and governmental
regulations dictate how
financial results are
calculated, managed and
reported. An integrated
cost and profitability
solution provides
comprehensive

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Need Help?
ImpactECS by 3C Software is a comprehensive and
dynamic cost and profitability modeling platform. It
combines the features and functionality of a robust
financial system with the flexibility and end-user
control of traditional spreadsheet tools.
Learn more about ImpactECS:
www.3csoftware.com