By Mark on Monday, 26 March 2018
Category: Telecom Expense Management Blog

Spreadsheets May be Hindering Your Business

Back when Excel introduced spreadsheets it was considered a revolutionary break through in the way information, particularly numbers, could be organized. If you've been around long enough you probably recall the early days of Excel. It was the shiny new thing that not only worked well but saved hours of time at the calculator. And you could put together reports with it. Ultimately Excel replaced Lotus Notes as the de facto standard spreadsheet.

A lot has changed, however, since the early 1990s when Excel was in its heyday. Not only has reporting become more sophisticated and interactive in nature, but the data itself has become more robust and powerful. And there is a lot more of it!

An article in Forbes Magazine recently pointed out several issues with Excel for today's businesses, ranging from too much raw data, to the inability to collaborate and share with others. Here are some areas that we have found to limit the effectiveness of Excel, especially if you are attempting to track IT and telecom data.

If you are still using spreadsheets to do things like keep track of inventory and produce telecom expense reports, you may want to revisit your reasons for doing so. The growing complexity of today's data, along with the need for deeper analyses to increase efficiencies across your network requires tools that collect data from multiple key sources, organize the data automatically and enable reporting that is comprehensive and portable. 

The good news…

At TTI, we understand the need for information that is not only meaningful but makes a measurable difference in your telecom spend. Your data can work for you in so many ways. We know how to help you manage more efficiently and effectively with solutions that free you up to align your department with strategic organization goals. Contact us so that we can learn more about your needs.