![]() “Excel is probably tlle most comfortable environment for a lot of financial professionals,” AJok Ajmera, vice-president, professional services with Mississauga, Ont.-based Prophix Software, says. The appeal of tlle spreadsheet as the quickest way to get a report out is not hard to appreciate. As with any farniliar method, it finds its way into numerous situations where better alternatives are available, most significantly in its widespread use as a de facto reporting tool. It’s used for everything from preliminary su T he spreadsheet has become the virtual “slide rule” for CMAs. Periodic and complex reporting in processes like revenue management or cost management, however, is where the spreadsheet model really starts to break down. “There’s a very little learning curve, you can effectively do whatever you want with the data, and it works fairly well in smaller organizations.” “Excel is probably the most comfortable environment for a lot of financial professionals,” Alok Ajmera, vice-president, professional services withMississauga, Ont.-basedProphixSoftware, says. The appeal of the spreadsheet as the quickest way to get a report out is not hard to appreciate. As with any familiar method, it finds its way into numerous situations where better alternatives are available, mostsignificantly in itswidespread use as a de facto reporting tool. ![]() It’s used for everything from preliminary strategic plans to financial statements. The spreadsheet has become the virtual “slide rule” for CMAs. Let’s see how each of the packages did: ABBYY Windows With an astonishing 1.16 MB reduction in file size after OCR, Acrobat 9 with ClearScan is the winner.
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