[IMGCAP(1)]Ever since the earliest spreadsheet software, people have been relinquishing many tasks and responsibilities to this ubiquitous tool, and for good reason: spreadsheets are easy to set up, perform all but the most complex functions, and are available everywhere.

Admittedly, an application such as Microsoft Excel, which took the business world by storm, is a lot more powerful today than its earlier versions. But while it packs together an impressive collection of features that’s suitable for anything from making simple lists and flat file databases, to adding up columns of numbers, to performing more complex analysis tasks using functions and Visual Basic programming, while incorporating incredible graphing and display capabilities, Excel also inherently presents risks, which become exponentially greater as the complexity of the model increases.

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