Beyond Excel
A world without spreadsheets may seem to many in the private equity industry as a world not worth living in, yet some practitioners are making a marked effort to move away from the enduring use of spreadsheets.
“Spreadsheets have been shown to be fallible, yet they underpin the operation of the financial system,” says spreadsheet specialist Grenville Croll. “If the uncontrolled use of spreadsheets continues to occur in highly leveraged markets and companies, it is only a matter of time before another ‘Black Swan’ event occurs causing catastrophic loss.
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