![]() During the 2012 London Olympics a data entry error into a spreadsheet of 20,000 instead of 10,000 for the number of available event tickets caused major mayhem.Here are the top three disadvantages of using spreadsheets for contract management.įor more information, download our complete whitepaper on Managing Contracts in Excel.Īround the world, spreadsheet mistakes have cost organizations billions of dollars. However, when it comes to contract management, spreadsheets may cause major problems. It’s undeniable that spreadsheets are useful tools to make complex calculations. A survey by FSN found that 71% of organizations still rely on spreadsheets across the majority of their business units. With 467 functions across 12 categories, Excel is used for a wide variety of business uses, ranging from data manipulation to accounting. Couple that with more than 3 million businesses using Google G Suite, which includes Google Sheets, and you’re talking about a lot of spreadsheet users. ![]() An estimated 1.2 billion people use Microsoft Excel.
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