Was on the phone to a colleague earlier. He's in despair.
One of the tasks we need to do is work out a company's cashflow. Can it support the loan and we put certain known and guestimated pressures on the business, e.g. change in turnover etc.
We have used Excel to do most of the number crunching for the cashflow. It takes under an hour to enter the figures and then think about the outcome before recording the findings on to the main system and moving on to the next part of the underwriting assessment.
Our new director, walked past the colleague this morning and asked what Excel was being used for. (This is the one who wants more and more work done.)
He does not like Excel. Said he does not like what he does not understand and has announced that we are not to use Excel and to enter the figures and calculations manually in to the main system.
Colleague has spent 6 hours entering the data to the system and is not even half way through.
I glanced at our workflow and we have dozens of possible Excel workbooks for each case. It's going to be fun if we need to get rid of them!
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