10 Disadvantages of Using Spreadsheets for Rebate Accounting | Enable
Summary
A continued reliance on Excel spreadsheets causes inefficient manual processes, high operational costs, greater risk of errors, and limitations to your rebate revenue potential. All too often, Excel spreadsheets slow people down and hurt their accuracy by requiring individuals to manually perform repetitive tasks that could be streamlined and/or automated with rebate management software. We’re now in an age when major changes are reshaping the business landscape, the most recent example being the COVID pandemic which has forced many people who manage and calculate their rebates to now do this remotely from home. Many people who used to collaborate in the same office space are now having to rely on email and video conferencing, delaying the process of obtaining key information about your deals. Working remotely could also cause people to keep their version of a spreadsheet saved on their desktop, not filed in the correct place whereas with cloud-based rebate management software this is accessible by anyone, anywhere, anytime.