Paul Barnhurst discusses when spreadsheets stop working for financial planning. Consolidated reporting, workflow speed, and user experience matter more than you might think when teams outgrow manual tools.
I tell people when the pain is great enough, that benefit of flexibility you get from a spreadsheet is no longer worth all the cons that come with it.
There's often a lot of benefit to a planning tool. Maybe the data entry process can be better for the end user who might not be financed, right? A lot of these users in planning, they hate you by default, right? They don't want to be doing budgeting, they hate it and they hate you. Anything you can do to make it easier, a nice workflow, some email reminders, that sort of thing. And actually, so often what really sells it to the business is the reporting side, right? So everyone's planning in one place. We then just bring in the actuals.
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