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)

Click here for more podcasts.