Nowadays, every business institution have much challenging with managing budget plan and forecasting because it is complicated and a huge work to do. If we do not have a tool or software to support there will be trouble for financial data report.
So, by using Excel spreadsheet is when you are in the early stage of business and having a small data. As long as the business is scaling bigger and large operations you need Enterprise Performance Management software to assist the works. Otherwise, spreadsheet will make you a lot of mistakes, not accurate report and data also is not consistent.
We would recommend two software for your consideration:
1. Oracle EPM
2. Jedox EPM
3. Board EPM