Series 18 - The Brief: Excel Reveals Your Broken Financial Architecture

Every organisation that has tried to eliminate Excel from its finance function has discovered the same thing: the spreadsheets cannot be removed until the problem the spreadsheets are solving has been solved a different way. And in most organisations, the problem the spreadsheets are solving is not a process problem or a discipline problem or a change management problem. It is an architecture problem — a gap between what the financial systems provide and what the finance function actually needs to do its job.
Excel persists in finance because it does something that most enterprise financial systems do not: it gives the person using it complete control over the data model. The finance professional who builds a consolidation model in Excel is not doing so because they prefer spreadsheets to systems. They are doing so because the system does not produce the consolidated view they need, in the format they need it, at the time they need it, without a level of configuration and dependency on IT that makes the spreadsheet the faster, cheaper, and more controllable option. Excel is not the problem. Excel is the solution to a problem that the financial architecture created.
The brief this episode makes is diagnostic: every Excel workbook in a finance function is a specification for a capability the financial architecture is missing. The consolidation model specifies what the consolidation layer should produce. The intercompany reconciliation spreadsheet specifies what the intercompany matching engine should automate. The period-end close checklist specifies what the workflow system should manage. If an organisation wants to understand what its financial architecture is failing to deliver, it should inventory its finance spreadsheets — because each one is a precise description of the gap.
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Rıdvan Yiğit is the Founder & CEO of RTC Suite — the world's first Autonomous Compliance and Payment Intelligence platform, built natively on SAP BTP and operating across 80+ countries.
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Видео Series 18 - The Brief: Excel Reveals Your Broken Financial Architecture канала Ridvan Yigit