Almost all companies use Excel somewhere in their financial close, but many run multiple Excel spreadsheets, often with the results from one cascading into the results of another. (See story on Imagine Software below) If a company has 20 spreadsheets feeding an SAPsystem, can it be sure that all the calculations in each are accurate?
Earnings per share have risen at an average 11% rate, excluding discontinued operations, since he took over, but slipped below 9% last year as Cooper struggled with flagging demand in Asia and the implementation of an SAP software system in its Power Systems division.