DO SPREADSHEETS make you queasy? Make you turn a bit green around the gills? Off Balance’s experience of FDs is that they’re more likely to flush pink and smile inanely at the sight of a pivot table being created.
However, the cryptically named F1F9 [they do data-modelling – Ed] believes that a “plague of spreadsheet sickness” is sweeping across the corporate world, apparently costing businesses “billions of pounds”. OB hasn’t noticed this, but we thought it should be relayed to you.
The worst Excel errors can be linked to real-life illnesses, F1F9 claims. So sleep deprivation is the result of late-night attempts to fix broken spreadsheet models, and malnutrition occurs as a result of replacing ‘superfoods’ with high-sugar drinks and pizza as you muck about with quarterly tables.
OB isn’t convinced, so we bestow upon F1F9 our Captain Obvious Award for the most statistically challenged, or inane, press releases. Congrats.
Our latest in a daily series of interviews with FDs showcases Semafone CFO Katherine Grover, who talks about the changing focus of her role, and big projects for the year ahead
Caxton FX has appoints Trevor Price as its next chief financial officer
ISS UK & Ireland promotes the head of treasury at ISS Group Denmark to CFO