[NEW RESEARCH - GetData] Could Excel be to blame for quarterly spending mistakes?
1 min read
Jun 23, 2015

[NEW RESEARCH - GetData] Could Excel be to blame for quarterly spending mistakes?

Tracking company spending using Excel spreadsheets could be to blame for regular spending mistakes, according to this latest GetData research.

Sançar SahinContent Analyst

Using Excel to control company spending could be accounting for regular company spending mistakes, according to new research. Almost thirty percent of businesses are making spending mistakes on a quarterly basis, while nearly 40 percent of the same businesses asked are using Excel to track company spending.

Key research findings:

  • Spending mistakes are made quarterly by almost 30% of businesses

  • Almost 40% of businesses are still using spreadsheets to track their spending

  • Only 18% of businesses are using a dedicated online PO (purchase order) system to track company spending

More details about the research:

Answers to the question: “How often are spending mistakes made at your organization?”

Quarterly (27%)

Weekly (20%)

Never (19%)

Monthly (18%)

Annually (16%)

Answers to the question: “What kind of PO system do you currently use to control spending in your company?”

Excel spreadsheet (39%)

Paper-based (19%)

Dedicated online PO system (18%)

Other (15%)

ERP (9%)


Demographics: 100 US-based respondents from a panel of SMBs (small and medium-sized business owners). Respondents are aged between 25 and 54 and have an average inferred annual income of $50k - $150k.

This research was conducted to better understand the extent to which organizations are making spending mistakes and how they choose to track company spending.

If you’re a tech journalist or blogger and would like custom research to use in your articles, please complete this research request form. Alternatively, if you have questions, please get in contact with Sançar at sancar.sahin@getapp.com.

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