Many compliance professionals continue to rely on old-fashioned spreadsheets to track data. That could be a problem, says David Houlihan, principal analyst for Blue Hill Research, a technology research firm.
Spreadsheets may be cheap and ubiquitous, compared to other GRC solutions, but those benefits can mask risks and inefficiencies. And, making the pitch for a centralized technology solution brings with it the difficult task of justifying the move away from what is, essentially, a free tool.
In this week's podcast, Houlihan answers the question: What's wrong with spreadsheets? He talks to us about the hidden costs of spreadsheets in compliance and risk management.
Listen to the podcast. (12 min., 11 MB)
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