How Spreadsheet Errors Could Lead To The Next Corporate Meltdown

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Home » Resources » Sharing » Content

How Spreadsheet Errors Could Lead To The Next Corporate Meltdown

Spreadsheets are used every day by businesses large and small alike to take care of everything from complex modelling and forecasting to simple bookkeeping tasks. As of 2016, there are more than 1.2 billion users of Microsoft Office, and with Word and Excel the most widely used programs one can only imagine how many spreadsheets exist today.

Shockingly, 80% of spreadsheets have errors in them, and whilst most of them aren’t serious, when you’re dealing with large corporations even a small mistake can be costly. Our infographic below outlines some of the myriad of problems that can occur from spreadsheet errors, be it financial, reputational or even full-blown bankruptcy!

Our Excel training courses cover many practical aspects including how to avoid common pitfalls when using financial functions, so why not make sure you avoid corporate meltdown by ensuring your skills are up to date.

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