Is Your Excel Spreadsheet Giving You Correct Data?

Working with process manufacturers and distributors who are going through growth phases, it's not uncommon to find heavy use of Excel spreadsheets as the go to place for business reports and data.  While there are a number of great uses for Excel, there are also a lot of potential problems that can often be overlooked.

First, how does the data get into the spreadsheet?  Someone in the office is typically manually entering numbers for a starting point.  While I'm sure this employee does their due diligence to make sure the numbers are correct, there is a huge potential for human error to occur.  Making business decisions off of error-filled data can be detrimental to any business.

Secondly, the employee entering numbers and computing the required reports are generally spending a lot of time in the data entry and computing of reports.  Trying to create new reports to dig into your business data takes time.  Most cases, that time can be better used on other areas of the business.

Products like O2 Process Manufacturing ERP software has a number of tools to drill into your business, without relying on error-prone spreadsheets.  By centralizing your formulation, quality control, planning and production department data into one location, the business data will be easily and immediately available to those who are making critical business decisions.

For more information on how process manufacturing software can help you move away from the time consuming and possibly error-prone spreadsheets, visit www.evs-sw.com.