The Role of Spreadsheets in a Long-Range Planning Process—Part 1

While spreadsheets are integral to financial planning, their use can become challenging in complex organizational structures. A better tool can be used in certain stages of the long-range planning process. A centralized planning repository can help free up financial resources to analyze data requests, rather than simply monitor them. Spreadsheets serve as an organizational database for financial planning, and a good planning tool will make the most of their functionality.