Why Excel is putting your projects at risk

For many strategy and transformation projects, Excel still seems to be the central point of action. Strangely enough, the inefficiencies and dangers it can bring to successful project management are often underestimated. Let's take a look.

"94% of all Excel spreadsheets have errors"
Source: brand eins

5 reasons not to use Excel for project management

We love Excel! Excel is able to handle different data types with high flexibility, generate great graphics and is connected to many other software solutions. Even though it was never designed for managing projects, Excel has quietly become the most widely used project management tool. Still, there are some reasons, why Excel is clearly the wrong choice for this.

#1

Excel makes mistakes

About 94% of all Excel spreadsheets have errors. It is not so much a question of whether an Excel sheet has errors, but rather how many errors it contains. These shortcomings can have serious consequences for your strategy and transformation projects.

Falcon is customizable for the user and yet free from complicated and error-prone formulas. Information can be clearly assigned and is automatically processed. No more formulas necessary!

#2

Excel is not secure

Excel saves data in a file-based format. Knowingly or unknowingly, files easy can be manipulated or even completely erased. Excel does not feature systematic controls and manual adjustments are not an option due to the lack of available personnel resources.

Falcon stores all information in a secure database where it remains consistent and unchanged. Accidentally deleted information can be recovered even after days. Better safe than sorry.

#3

Excel easily becomes unmanageable

Complex projects are hardly manageable with Excel. Information has to be gathered and interpreted over and over again. Spreadsheets multiply constantly and dozens of additional calculations and cross-links appear.

In Falcon, all important information comes together in one place. As a result, problems can be identified faster and well-founded decisions can be made more efficiently.

#4

Excel is not multi-user friendly

Many cooks spoil the Excel list. As we all know, files are tend to be send by e-mail, accidentily put in write protection mode or all of a sudden get mysterious formula errors. In addition to that, Excel does not offer flexible user management and differentiated recovery functions.

Falcon allows you to work on projects simultaneously from everywhere. Sensitive project areas can be easily assigned to authorized groups of people with just a few clicks at any time.

#5

Excel is too expensive

Excel seems to be affordable at first glance. However, this is without taking into account the immense costs caused by the inadequacies in project management. Incorrect calculations, lost and inconsistent data, cumbersome searching and interpretation of information - all this costs your team members time and money on a daily basis.

Falcon creates cross-project standards with consistent data. The structure and layout of the display is intuitive and allows quick and clear understanding, which prevents potential (financial) mistakes from occurring in the first place. This enables all team members to work together on the project and boost the company's success.

Leave Excel problems behind and focus on your projects

Frequently asked questions

  • Why is working with Falcon better?

    Falcon is a cloud based software. This allows you to access or edit your information and data from anywhere. Smart algorithms even allow the use by several users simultaneously. All formulas for data preparation are created and automatically applied by our software and financial experts. Inconsistent data, user errors and cumbersome searching and analysis are a thing of the past.

  • Do I need any special skills to work with Falcon?

    No, Falcon is purposely kept simple and is designed to bring together all stakeholders involved in a project. Everything is already prepared for a good start so you can set off at the touch of a button. Your project managers or consultants can easily set up a project structure. Our Customer Success Team will also help you at any time if you have any questions.

  • Can I customize Falcon to fit my needs?

    Falcon comes with useful structuring and mapping options that can be tailored to any project. Changes can also be made in the course of the project in no time at all without the danger of a total breakdown of your documentation.

  • Who else uses Falcon?

    You are not alone. Whether a family business, mid-sized company or corporate group - leading companies from a wide range of industries rely on Falcon for their most important projects.

  • Why should I pay for Falcon?

    As you have seen above, Excel is not a cost-effective alternative. Falcon is not only better, but also offers more than just a spreadsheet: it is designed specifically for your transformation projects. With an intuitive tree structure, traffic light evaluations, user management, reporting and much more, you increase the efficiency, transparency and quality of your projects. A true cost saver! Learn more

  • Can I test Falcon before I decide to buy it?

    Of course you can! Who likes to buy a pig in a poke? We offer you a free trial period of 30 days. Find out more. Learn more

You are in good company

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Find out in less than 10 minutes how Falcon can help you solve your Excel chaos

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