Investing in the energy space is a risky endeavor. Wells cost millions to drill and often take up to several years to break even, if they make money at all. With oil prices at historic lows, how can investors minimize risk and make better, mo…
At first glance, spreadsheets seem like the obvious choice for planning and performance management. They’re easy to use and easily distributed; and nearly everyone has a copy of Excel or its equivalent on his or her desktop. In reality, however, using …
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Even a small amount of growth can make a once simple financial close process aggravating. Major changes can cause hair-tearing frustration, and change is the new norm. The flexibility of Excel becomes fragile and brittle after years of formula tweaking by different people. Time is spent providing increasingly more reports for each group in the organization – showing information sets in their own special way. The Financial Close and Consolidation process slows to a crawl as data accuracy is called into question or the auditors look for more detail. |
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Even a small amount of growth can make a once simple financial close process aggravating. Major changes can cause hair-tearing frustration, and change is the new norm. The flexibility of Excel becomes fragile and brittle after years of formula tweaking by different people. Time is spent providing increasingly more reports for each group in the organization – showing information sets in their own special way. The Financial Close and Consolidation process slows to a crawl as data accuracy is called into question or the auditors look for more detail. |
Investing in the energy space is a risky endeavor. Wells cost millions to drill and often take up to several years to break even, if they make money at all. With oil prices at historic lows, how can investors minimize risk and make better, mo…
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