How effective is excel in tracking compliance?

How effective is excel in tracking compliance?

According to the advantages of using spreadsheets for tracking compliance are as follows:

  1. Spreadsheets are quite cheap and many people feel comfortable and confident within using them.
  2. Spreadsheets are capable for reporting simple requirements.


However, they say there are also disadvantages to using spreadsheets to track compliance issues:


  1. Using spreadsheets can be very time consuming and employees can spend a vast amount of time collecting the right data.
  2. They require a lot of manual work.
  3. Spreadsheets also require a lot of updates, in which employees must take time learning about.



Ideally companies realistically need a single integration system in which delivers reports, instead of having multiple ones.


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