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30/04/2009 - foreCASH featured in Accountancy Age (April 2009)....View pdfPDF

28/02/2009 - Third of businesses drop customers ...View

30/06/2008 - In denial or just depressed? ...View

31/01/2008 - Business confidence at two year low ...View

31/10/2007 - Lean times ahead? ...View

29/03/2007 - Buying or renting? ...View

31/01/2007 - Spreadsheet blues ...View

31/01/2007 - Spreadsheet blues

Research by both PricewaterhouseCoopers and KPMG found that errors were prevalent in spreadsheets. PWC reported finding an error margin of at least 5% in over 90% of their sample survey. Meanwhile KPMG's sample identified major errors with similar frequency.

The results of 'simple' errors in spreadsheets should not be underestimated. In March 2006 the Office of Government Commerce blamed a spreadsheet error for the incorrect classification of businesses on a list of approved suppliers for public sector buyers ("Catalist"). With £2billion of purchases a year being made through Catalist's predecessor GCAT, suppliers were understandably aggrieved to have earlier accreditations revoked. While this was embarrasssing it was fortunate the error was found at an early stage, this simple spreadsheet error had the potential to allow products into the NHS from suppliers that had not met the appropriate benchmark in quality standards.



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