FESA CONSOL

FlexSystem

Issues with the Management of a Large Number's of Spreadsheets

Issues

Different budget variations always involve the amendment of the same spreadsheet and these various iterations increase as the year progresses. This function is not well managed within Excel as each iteration contains small or major differences compared with previous versions resulting in making the process difficult to manage on an on-going basis.

  

Expectations

Proper validation and authorization controls for spreadsheets is critical and should always be done by the system rather than by professional accountants.

  

Solutions

FESA Planning has a built-in sophisticated mechanism to control the process of data collection, data validation, data transformation as well as data storage during each iterative stage. As data files are uploaded by different users it is the system that controls the version numbers and authorization controls for each data file.

  

Benefits

Professional accountants can leverage their core competency to focus on value added activities thus improving overall productivity and continued enhancement to their financial operations.