DataRails Blog

The DataRails blog is dedicated to help you streamline and automate critical spreadsheet processes in the key functions in your organization.
February 23, 2017
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5 Reasons Using Spreadsheets in Finance is Risky

Finance departments rely on data accuracy to perform critical process, and many organizations use Microsoft Excel spreadsheets despite the warnings and advice against doing so by […]
February 20, 2017
CFO in 2017

The Evolution of the CFO in 2017

The year has started, and we can already see a number of trends that predicted in 2016 taking shape. CFOs are seeing their role evolve in […]
February 13, 2017
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4 Ways DataRails is the Excel Solution You Need

When was the last time that you said, “I LOVE working with spreadsheets? Excel is the most user-friendly software ever invented, and it makes my job […]
January 23, 2017
ERP

ERP Are Nowhere Near Replacing Excel Spreadsheets – Collaborative Planning

According to a study by Deloitte, 70% of companies use Microsoft Excel for sensitive and critical data and processes. ERP (Enterprise Resource Planning) providers may say […]
January 16, 2017
Data Integrity

Can Finance Departments Rely on Their Data Integrity ?

Every field relies on data, from accounting and finance organizations to startups and factories. Business plans, strategies, and major decisions are made based on data collected […]
December 12, 2016
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7 Key Limitations of Shared Folders Your Company Needs to Know – Single Version of Truth

Every year, more companies and organizations choose to use single version of truth – shared folders to manage and share various documents across multiple departments. The […]
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Is your Excel data at risk?
Check out the level of risk your Excel data
is facing, by answering 8 quick questions:
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1.
What’s your area of responsibility in your organization?
Finance
Operations
IT
Marketing
Sales
HR
2.
Select the industry your company belongs to:
Financial Services
Technology
Manufacturing
Retail
Construction
Pharmaceutical
Utilities
Healthcare
3.
Does your organization keep sensitive information (financial forecasts, budget, consolidation of business units accounts, etc.
NO
YES
4.
What system do you use, to ensure you or your team are always working on the latest version of your Excel files?
Manually
Shared folder
Dropobx/Box/Onedrive
Sharepoint
Other
5.
How much time do you, or your team, spend a week managing Excel Spreadsheets (verifying data, comparing results from different files, consolidating data from different files)?
5hrs
10hrs
20hrs
30hrs
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6.
On average, how many stakeholders contribute to each Excel spreadsheet?
Only 1
Up to 5
6 to 15
16 to 25
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7.
Is your organization required to implement effective internal control over financial reporting (ICFR) for SOX compliance?
NO
YES
8.
Over the past year, have you found any mistakes on your Excel files? (e.g. working on a wrong version, wrong formula change, overriding someone else's work etc).
NO
YES
7.
Is your organization required to implement effective internal control over financial reporting (ICFR) for SOX compliance?
NO
YES
8.
Over the past year, have you found any mistakes on your Excel files? (e.g. working on a wrong version, wrong formula change, overriding someone else's work etc).
NO
YES
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