How to turn error-prone spreadsheets into efficient apps
Blog post from Retool
Spreadsheets, while widely used across organizations for their flexibility and ease of use, pose significant risks when employed beyond their intended scope, such as data integrity issues, security vulnerabilities, and scalability problems. Despite their ubiquity and the intuitive interface they offer, spreadsheets often fall short in complex business environments, as evidenced by notable errors at companies like Barclays, AstraZeneca, JP Morgan, and MI5. These issues highlight the limitations of spreadsheets in managing intricate processes, including version control, error propagation, and lack of automation. Custom internal apps, such as those developed with tools like Retool, provide a more efficient alternative by automating workflows, ensuring data accuracy, and integrating seamlessly with existing systems, transforming operations from error-prone processes into streamlined, scalable solutions. By replacing spreadsheet-driven workflows with purpose-built apps, businesses can enhance operational efficiency, reduce financial risks, and gain strategic advantages, enabling teams to focus on optimizing performance rather than managing cumbersome spreadsheets.