How Excel-Based Analytics is Killing Your Profitability

In this week’s topic Murray Quibell and Samantha Niton – DeForge speak around what an excel solution actually costs you when comparing real data. Calculating the TCO of your existing systems and understanding the cost-benefit of an integrated solution is vital for any business. It’s not just about having an audit trail of your business; it’s using the power of these tools to generate more revenue and eliminate errors and inefficiencies.

We cover off a few business scenarios, and how these problems can be eliminated, and your business can be optimized. Starting at 10:45 Samantha dives into a breakdown of the numbers associated with running a spreadsheet-based business, and the results may shock you. The partial evaluation illustrates that the business was spending almost $800,000 annually to maintain operations. Highlighting how a solution can do the following: Increasing your gross margin Increasing your sales and reducing your unnecessary overhead Concluding with a comparison between first time ERP buyers and second-time buyers. Regardless of the product, second-time buyers saw the value of an integrated solution and the priorities change dramatically with price being 5th, and partner support coming in 1st.