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Summary
July 28, 2004 - Cognos has introduced two Microsoft Excel extensions in its
Enterprise Planning solution. One is an interface to Cognos Enterprise Planning
- Contributor applications. The other is a module that makes it easy for individuals
to load data from their personal spreadsheets into Contributor applications
and incorporate it into a plan. The former is a new licensed product and the
latter is included with a Contributor license.
In our recent Budgeting and Planning research, we found that Microsoft Excel functionality was the most important feature users were looking for in a dedicated budgeting and planning application. There are two reasons behind this: 1) the desire to maintain existing spreadsheet model functionality and 2) the widespread familiarity with the spreadsheet interface. Ventana Research advises companies to eliminate stand-alone spreadsheets from their budgeting process. As an alternative, Enterprise Spreadsheets address the shortcomings of the stand-alone variety. We think budgeting and planning applications that offer both Enterprise Spreadsheet interfaces and web-based interfaces provide organizations a high degree of flexibility to align software to their specific enterprise budgeting and planning processes.
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