GetApp Lab
X

[NEW RESEARCH – GetData] Could Excel be to blame for quarterly spending mistakes?

Using Excel to control company spending could be accounting for regular company spending mistakes, according to new research. Almost thirty percent of businesses are making spending mistakes on a quarterly basis, while nearly 40 percent of the same businesses asked are using Excel to track company spending.


Key research findings:


More details about the research:

Answers to the question: “How often are spending mistakes made at your organization?”

#1: Quarterly (27%)

#2: Weekly (20%)

#3: Never (19%)

#4: Monthly (18%)

#5: Annually (16%)

Answers to the question: “What kind of PO system do you currently use to control spending in your company?”

#1: Excel spreadsheet (39%)

#2: Paper-based (19%)

#3: Dedicated online PO system (18%)

#4: Other (15%)

#5: ERP (9%)

 


Demographics: 100 US-based respondents from a panel of SMBs (small and medium-sized business owners). Respondents are aged between 25 and 54 and have an average inferred annual income of $50k – $150k.


This research was conducted to better understand the extent to which organizations are making spending mistakes and how they choose to track company spending.

If you’re a tech journalist or blogger and would like custom research to use in your articles, please complete this research request form. Alternatively, if you have questions, please get in contact with Sançar at sancar.sahin@getapp.com.

Categories: Independent SaaS and SMB industry research
Tags: home
Sançar Sahin :Sançar is an online marketer with experience in writing, content creation, and research. He has launched various web and mobile projects, produced radio programs for the BBC, and has also self-published a book. In his spare time, Sançar loves to mix his two passions; traveling and photography.