Insightsoftware’s whitepaper on "Why Spreadsheets Are Still Filling the Reporting Gap" explains that despite many advanced BI and reporting tools, spreadsheets remain indispensable in finance due to their familiarity, flexibility, and ease of use. The widespread adoption of Microsoft Excel and Google Sheets, enhanced by cloud storage and mobile accessibility, empowers non-technical finance professionals to quickly create operational and management reports. However, the paper also highlights ongoing challenges such as risks of errors, version control issues, and scalability limitations, underscoring the need for integrated solutions that combine spreadsheet familiarity with automated controls and data governance to bridge the gap effectively.

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