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Finance Pros Say You’ll Have to Pry Excel Out of Their Cold, Dead Hands

An article about executives threatening to drop the spreadsheet software stirred up a tempest soliciting tweets like "You can have my excel, after you ripped it from my cold, dead hands."

Jason Balogh, a principal with consulting firm the Hackett Group, told us a story about the CFO of an electrical-power company who invested $175 million on a new financial software system. To make sure it stuck, Mr. Balogh said, the CFO had to resort to asking his IT department to track Excel use by his finance team. “He would go down and say ‘you’re not using the system to do what it’s meant to do; you have to stop that,’ ” Mr. Balogh said.

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excel, finance