Getting to Grips With Spreadsheet Risk

Every now and then a new story of corporate embarrassment, or worse, caused by spreadsheet errors hits the business headlines. Chilling though the stories may be, finance leaders tend to shrug them off, believing “it could never happen here.” But a slew of academic studies over the last 10 years showing that upwards of 86 percent of spreadsheets contain errors suggests that confidence may be misplaced. Companies are starting to circle back to the problem, armed with a deeper understanding of what’s needed to fix it and an expanded range of software tools for the job.

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