Discussion Assignment Example | Topics and Well Written Essays - 250 words - 63

Discussion - Assignment Example Spreadsheet is also very easy to be configured for personal and professional usage (Protiviti, â€Å"Spreadsheet Risk Management†; Rost 1-5). Spreadsheet is an important application for financial as well as operational reporting procedure in organizations. In this context, spreadsheet is applied for different purposes that include account settlement, transaction conclusions and making the business models (Protiviti, â€Å"Spreadsheet Risk Management†). Additionally, it assists in managing the payroll and other related business operations in an effective manner. In the current complex business scenario, spreadsheet is used for managing compliance, risk as well as governance (Rost 1-5). Spreadsheet is also identified to possess certain limitation that can affect the performance of an organization largely. Spreadsheet is unreliable, as unauthorized users can access financial information without an approval, which raises security risk. Error in formulas of the spreadsheet can raise disputes for computing financial information (Rost 1-5). In this context, there should be software related to risk management, which will provide the embedded information with an expert solution. The ‘risk management software’ would manage the risk level associated with spreadsheet. In this respect, spreadsheet with the integration of risk management software would be effective in managing data with better integrity as well as reliability (Rost