It was 69% in 2018 and 79% in 2017.Įxcel’s market share, therefore, seems to be eroding. While 59% of businesses report using Excel as their primary budgeting tool, this figure has dropped significantly. The research looked at the segment of companies generating less than $25m in revenue. In 2019, the decline continued, and the percentage stood at 54%.Įven within the “smallest” businesses, the decline is noticeable. businesses reported using Excel for these purposes, which was already a 6-point drop from the 2017 survey. Market research conducted in 2019 in the United States shows that Excel is losing ground as a budgeting and accounting tool. We can therefore use An ETL solution to automate the processing of these files and make the business more efficient.But Microsoft Excel is still widely used to exchange files and process files upstream.Accounting and budgeting processes are increasingly centralized in ERP-type tools.
0 Comments
Leave a Reply. |