An Openbox Easter Egg Has Been Found
At the launch event for the Openbox public beta on Thursday, we mentioned the “Easter eggs” hidden in Openbox. The prize for the first to find each one is a free lifetime licence. Never underestimate a group of determined financial modellers… We thought it would be a few days before anything happened, but within hours, […]
Openbox Public Beta – Key updates and bug fixes since the private beta closed
The Openbox private beta closed late last year, and since then we’ve been concentrating on delivering the improvements that beta users asked for. We’re grateful to the dedicated users who have continued to send us additional suggestions, and we’ve been working to include those as well. So, as we launch the public beta, here is […]
How to avoid repeating history: 3 of the highest profile Excel errors of all time
Excel is a victim of its own success Excel is a tool widely used by analysts of all levels of experience. The combination of availability and flexibility, coupled with a widespread lack of training can mean Excel models are prone to errors. There are examples of Excel error contributing to losses in the Billions of […]
Is Excel the right tool for the job?
“if all you have is a hammer, everything looks like a nail”. – Abraham Maslow Excel is great, but it is not the answer to every problem. Excel has its limitations and they should be considered before using it in a business-critical application. The decision to use Excel should be an active one, rather than […]
Are you relying on Excel based analysis to make business critical decisions?
In many businesses, Excel is used for critical reporting and decision making. As has been widely trailed, the flexibility and open structure of Excel models can leave them prone to error. When making decisions based upon an analysis of complex data it’s worth pausing for reflection before pushing the button on that multi-million dollar investment. […]
Spreadsheet risk. How worried should we be?
The risk of error in the misuse of Excel spreadsheets has been widely reported, with recent high profile mistakes hitting the headlines. Many of us who rely on Excel to do our work are thinking, ‘there but for the grace of God go I…..’ So how worried should we be? The good news is that […]