Spreadsheets are not the Answer to Liquidity Planning
While Excel is the fallback and standard tool for liquidity monitoring and planning, there are clear benefits of using a specialized solution
Spreadsheet
Supernova
Comparison
Full flexibiliy: tailor planning to your business
No technical flexibility limits, only limit is expertise of spreadsheet owner and time invested
No technical flexibility limits, only limit is expertise of spreadsheet owner and time invested
Real-time actuals: based on bank transactions
Actuals are manually updated in intervals via imports, no real-time view on plan vs actuals
Actuals are manually updated in intervals via imports, no real-time view on plan vs actuals
Simple scenario planning: easily create and compare scenarios
Scenarios take to time create, and are difficult to link and compare
Scenarios take to time create, and are difficult to link and compare
Sharing and access control: role-based read or write access
XLSX is sent around, manually sanitized for other functions, and copied to reporting
XLSX is sent around, manually sanitized for other functions, and copied to reporting
Simplicity and verifiability: visualization of model and guided UX
Only creator fully understands model, difficult to fully trust, other functions lack understanding
Only creator fully understands model, difficult to fully trust, other functions lack understanding
Data security and access logs: do not lose sensitive information
XLSX stored on employee computers, shared drives imposing high data-loss risk
XLSX stored on employee computers, shared drives imposing high data-loss risk