And that’s just one of many concerns with using outdated spreadsheets. Nowadays, many projects require consistent collaboration among various team members. But spreadsheets make that a near-impossible feat. They are just not set up to be a valuable resource for team projects. Spreadsheets can be locked unintentionally rather easily, causing complications with team members being able to access the document (not to mention if the creator of the spreadsheet ends up being out of office for a period of time). By investing in a real-time data management solution, collaboration is made easier than ever. You can quickly and efficiently communicate with team members company-wide, allowing projects in the queue to be handled rapidly by employees across various locations.
With real-time data management solutions, you also significantly decrease your risk of data corruption and lost data from broken spreadsheets. Let’s face it. Excel has been around forever and spreadsheets are notorious for breaking. Functions break. The system crashes. This all puts your data at risk. When a spreadsheet breaks, data can be corrupted or even lost and it can be impossible to get back. Real-time data management solutions keep your data stored in a modern, much more secure manner.