The Importance of Robust Spreadsheet Models

We came across this article today which strongly underlines the importance of consistent, transparent and robust spreadsheet models.  In this case the numbers are very large as may be the consequences. Perhaps the final sentence of the report says it best, quoting Peter Achterstraat, the NSW Auditor-General as saying “High quality, timely data is absolutely essential to make well informed strategic decisions.”  We couldn’t agree more.

http://www.news.com.au/money/nsw-1bn-better-off-after-budget-mistakes/story-e6frfmci-1226507389064

To understand how you can improve all aspects of your financial models and your business processes, get in touch with Prophecy.


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