"Rack and Stack" vs. Analyze and Understand

j0284882[1] (Custom).jpgSmall to mid-sized companies depend on Spreadsheets to do a lot of budgeting and reporting.  These often manual processes are cumbersome and time consuming.  "Rack and Stack" is the term given to the process of compiling lots of data into spreadsheets.

"73 percent rely primarily on spreadsheets and manual processes, with only 16 percent using analytical applications, and 11 percent extracting the necessary numerical information from their accounting modules."


Great article on this from CFO.  This really highlights why developing analytical services make sense.