![]() ![]() ![]() It is also hard to monitor compliance with the expense policy. It is extremely difficult to analyse the expense and look for saving opportunities. What often tends to happen is that, even though employees use the same template, each of them completes the forms according to their own criteria and interpretation. One of the main downfalls of Excel spreadsheets is the lack of control. However, is this actually the case? Is Excel really a practical solution for managing companies’ expenses? Here is an explanation of the truth about these e xpense and mileage claimspreadsheets. On first impression, it seems like a good idea: it is an economical, accessible software that is easy to use. For managing expenses, many companies opt for Excel as the applied solution, or a similar spreadsheet programme.
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