According to Gartner, 50% of large size and 75% of mid size companies still use spreadsheets or legacy applications for budgeting, planning and forecasting. Given the issues spreadsheets cause coupled with the ever-increasing need for speed and accuracy, organisations are looking to alternatives – but what choices do they face? Basically there are two:
- They can either create their own system using a combination of IT tools, but this is often prohibitively expensive to do and maintain, or
- They can buy a mainstream planning/reporting solution, also known as CPM, but this too can be a very costly alternative – or is it?