Based on responses from 1,200 Senior Managers and C-suite Executives, this research report, commissioned by F1F9 and conducted by YouGov gives empirical data on how spreadsheets are being used in business. Although the research was conducted in the UK, we suggest the results apply globally.
33% of large businesses report poor decision making due to spreadsheet problems.
Nearly 1 in 5 large businesses have suffered direct financial loss due to poor spreadsheets.
Spreadsheets are used in the preparation of British company accounts worth up to £1.9 trillion.
The data supports what we see in the market every day:
Spreadsheets play a critical role in business decision making globally. Many businesses don’t understand the risks they are exposed to, under invest in spreadsheet training and don’t adhere to best practice. Lack of training is leading to direct financial loss, poor decision making and employee stress.
Download the research report to find out the startling details.