Is This the Worst Spreadsheet Ever Made?

Excel is the most popular spreadsheet software in the world, with 63% of companies considering it a vital accounting tool. But the very features that make Excel indispensable, including its accessibility and user-friendliness, also make it susceptible to errors. From minor data entry mistakes to significant formula miscalculations, these errors can lead to substantial financial losses and operational inefficiencies.

Take, for example, the Williams Formula 1 team. They found themselves in a dire situation, managing around 20,000 car parts using a cumbersome Excel spreadsheet. Team principal James Vowles described it as “a joke,” citing its complexity and inefficiency. The colossal Excel file lacked essential details like parts costs and production times, making it nearly impossible to prioritize tasks effectively. The resulting inefficiencies led to missed deadlines, operational chaos, and a significant competitive disadvantage. Workers had to physically search the factory for parts, leading to delays and mismanagement.

These incidents aren’t isolated; they’re symptomatic of broader issues that many organizations face when relying heavily on Excel. That’s why we launched the Smart XL Visual for Power BI, which brings the power and flexibility of Excel directly into Power BI, allowing users to create dynamic, cell-based reports and planning forms with ease. It dramatically improves processes by offering Excel’s familiar interface within Power BI, reducing the learning curve and time to value.

Check it out in the Microsoft App store and watch this quick demo..

Acterys Recognized as a Champion in SoftwareReviews’ 2024 EPM Quadrant Award??

We’re thrilled to be recognized as a standout in the EPM quadrant for SoftwareReviews ! This achievement is a testament to our dedicated team and our mission to bring actionable data to every user, empowering them to plan faster, smarter, and more securely. By leveraging tools users are already familiar with, Acterys minimizes the learning curve, driving higher adoption and quicker time to value.

We're incredibly proud to be voted into the top spot by our customers for the second year in a row—and we’re just getting started!?

Stay tuned for Acterys 24.2 – it’s going to be another game-changing release!

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