White Papers

CFMS - Budgeting, Forecasting and Reporting Solutions

Infor PM10 is targeted at solving the problem of the “Spreadsheet Workgroup”. That is, any group of people working with spreadsheets that needs to share information.

The introduction of Lotus 123 in the early 1980’s brought enormous productivity gains to individuals doing financial analysis. Financial analysts were then armed with a tool that automated cumbersome repetitive calculations, allowing them to concentrate on understanding numbers rather than wasting time just managing them.

Two to three years after its introduction, however, spreadsheet users began to find that the initial productivity gains they had experienced were disappearing and that they were actually spending more time managing numbers than they had prior to the introduction of the spreadsheet. The reason for this was simple: The spreadsheet's power had led people to move management of the workgroup numbers off the mainframe and on to the desktop PC.

While the spreadsheet is an excellent tool for managing an individual's numbers, it is a disaster when used to manage numbers for a group of people.

Today, almost anybody who is part of a spreadsheet workgroup will agree that they waste an inordinate amount engaged in some or all of the Ten Spreadsheet Time Wasters...