In the rebate world, the data housed within these Excel spreadsheets often needs to be shared and proofed amongst various teams and departments, users have to be diligent about version control and sharing when changes have been made to ensure everyone is viewing the active version. Without emailing a copy to your colleague it can be difficult to work collaboratively with other departments when using spreadsheets. Given that Excel spreadsheets are a single file, only one person can access and edit the data at any given time. Plus, why an automated rebate management system is a more secure, efficient and safer option for your business going forward. Below we’ll share in more detail the many disadvantages of using spreadsheets for accounting and the various ways they are used in the rebate world.
BOOKKEEPING SPREADSHEET MANUAL
However, spreadsheets have their downsides.Ī continued reliance on Excel spreadsheets causes inefficient manual processes, high operational costs, greater risk of errors, and limitations to your rebate revenue potential. Many of us use spreadsheets daily because they are inexpensive to create, highly flexible, mostly easy to use and very easy to share. One of these pieces of software is Excel spreadsheets, which according to Forrester Research is used by 81% of businesses and has 750 million users worldwide. What was most likely the best fit for your business when you first started out, may not be the right choice to fuel the next stage of your company’s growth - especially when the scale of your business processes increases dramatically! Businesses managing complex rebates and deals often do not realize how crucial the software they use is to company expansion and increased rebate revenue.
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