That is correct, we are in 2022, and you might be surprised by just how many CFOs and Financial Managers are still using Excel for various reporting tasks. Therefore fitting in reports with actions like “write journals” or “update budgets” directly to your ERP solution with the push of a button might make a lot of sense.
One of the traditional bugbears with spreadsheets years ago was version control, and not everyone was looking at the same data. That is mainly eradicated now with the advent of Office365, which most organisations are using, and it is already included in their subscriptions. The other was the lack of ability to drill into base transactions or the need to go back into the application to update figures. Well, that is also now something of the past.
Further to this, Excel also has potent reporting tools with the likes of “pivot tables”, “power query”, and “Power BI plug-ins”, to name but a few. And some businesses already use these tools for a lot of their reporting, from internal and external systems.