--- title: How Spreadsheets are Killing Your Revenue description: How Spreadsheets are Killing Your Revenue image: https://blog.facsware.com/hubfs/18_Spreadsheets_Killing_Revenue.jpg --- [![FACS](https://blog.facsware.com/hubfs/FACS_January_2020/Images/logo_2x.png)](https://www.facsware.com/) - [THE FACS PLATFORM](https://www.facsware.com/platform/) - [Approach](https://www.facsware.com/platform/approach/) - [Features](https://www.facsware.com/platform/features/) - [Mobile](https://www.facsware.com/platform/features/mobile/) - [For Owners](https://www.facsware.com/platform/for-owners/) - [For Construction Managers](https://www.facsware.com/platform/for-construction-managers/) - [For Contractors](https://www.facsware.com/platform/for-contractors/) - [ROI Calculator](http://www.facsware.com/platform/#roi-calculator) - [SCHEDULE A CONSULTATION](https://www.facsware.com/schedule-a-consultation/) - [BLOG](https://www.facsware.com/blog/) - [CONTACT](https://www.facsware.com/contact/) - [CLIENT LOGIN](https://app.facsware.com/login) - [THE FACS PLATFORM](https://www.facsware.com/platform/) - [Approach](https://www.facsware.com/platform/approach/) - [Features](https://www.facsware.com/platform/features/) - [Mobile](https://www.facsware.com/platform/features/mobile/) - [For Owners](https://www.facsware.com/platform/for-owners/) - [For Construction Managers](https://www.facsware.com/platform/for-construction-managers/) - [For Contractors](https://www.facsware.com/platform/for-contractors/) - [ROI Calculator](http://www.facsware.com/platform/#roi-calculator) - [SCHEDULE A CONSULTATION](https://www.facsware.com/schedule-a-consultation/) - [BLOG](https://www.facsware.com/blog/) - [CONTACT](https://www.facsware.com/contact/) - [CLIENT LOGIN](https://app.facsware.com/login) ![](https://blog.facsware.com/hubfs/18_Spreadsheets_Killing_Revenue.jpg) # How Spreadsheets are Killing Your Revenue Spreadsheets. We all use them, and many of us could not imagine a world without them. So how could these critical documents be hurting revenue? The answer is simple: Spreadsheets were simply not made to perform the tasks we ask them to perform today. Where do spreadsheets waste most of our revenue? Time. Spreadsheets are usually generated by collecting information from a variety of separate sources and summarizing it in one location. Pulling labor hours off daily reports into a Labor Tracking Sheet is a perfect example; all the time spent updating the Labor Tracking Spreadsheet is wasted. Spreadsheets for you to pay twice to access your information. Paying for duplicate manual data entry isn’t the only revenue drain going on. While spreadsheets provide an easy-to-use data entry platform, they also allow for over-typing or incorrect transcribing of data. This frequently leads to bad data entering the decision making process resulting in you paying more than you should. Don’t think this happens to you? A recent **[Forbes study reported nearly 90%](http://www.forbes.com/sites/salesforce/2014/09/13/sorry-spreadsheet-errors/)** of spreadsheets contain errors. Finally, spreadsheets do not present data in an easy to digest way. With the limited ability to drill into more detail and no ability to find the original source of the data, spreadsheets provide a false sense of completeness. When information is limited to just what’s on the sheet if forces decisions to be made without all the details. This limited decision making adversely affects future projects because people regularly use the same spreadsheet over and over so the bad habits are carried from job to job. While spreadsheets are not going away any time soon, there are some new tools available that can help reduce some of the loss that spreadsheet usage is taking out of your business. FACS’ Project Management Platform allows your team to record data directly, eliminating error prone and redundant data entry. Data is presented in fully auditable reports with easy rollup and drill down options making access to your data easier and faster. And when accurate data is available instantly your team is able to make the right decisions the first time. Learn how FACS can help you keep more money in your pocket today. ![](https://blog.facsware.com/hubfs/18_Spreadsheets_Killing_Revenue.jpg) ### Recent Posts ### ARCHIVES - [February 2016 (5)](https://blog.facsware.com/blog/archive/2016/02) - [November 2015 (4)](https://blog.facsware.com/blog/archive/2015/11) - [March 2016 (4)](https://blog.facsware.com/blog/archive/2016/03) - [April 2016 (4)](https://blog.facsware.com/blog/archive/2016/04) - [May 2016 (4)](https://blog.facsware.com/blog/archive/2016/05) - [July 2016 (4)](https://blog.facsware.com/blog/archive/2016/07) - [August 2016 (4)](https://blog.facsware.com/blog/archive/2016/08) - [December 2015 (3)](https://blog.facsware.com/blog/archive/2015/12) - [January 2016 (3)](https://blog.facsware.com/blog/archive/2016/01) - [June 2016 (3)](https://blog.facsware.com/blog/archive/2016/06) - [November 2016 (3)](https://blog.facsware.com/blog/archive/2016/11) - [October 2016 (2)](https://blog.facsware.com/blog/archive/2016/10) - [September 2022 (2)](https://blog.facsware.com/blog/archive/2022/09) - [September 2016 (1)](https://blog.facsware.com/blog/archive/2016/09) - [September 2017 (1)](https://blog.facsware.com/blog/archive/2017/09) - [October 2017 (1)](https://blog.facsware.com/blog/archive/2017/10) - [November 2017 (1)](https://blog.facsware.com/blog/archive/2017/11) - [May 2020 (1)](https://blog.facsware.com/blog/archive/2020/05) - [June 2020 (1)](https://blog.facsware.com/blog/archive/2020/06) - [May 2022 (1)](https://blog.facsware.com/blog/archive/2022/05) - [June 2022 (1)](https://blog.facsware.com/blog/archive/2022/06) - [July 2022 (1)](https://blog.facsware.com/blog/archive/2022/07) See all - [THE FACS PLATFORM](https://www.facsware.com/platform/) - [SCHEDULE A CONSULTATION](https://www.facsware.com/schedule-a-consultation/) - [OUR COMPANY](https://www.facsware.com/our-company/) - [CONTACT](https://www.facsware.com/contact/) Copyright 2022 FACS LLC | All Rights Reserved [Linkedin](https://www.linkedin.com/company/field-automated-communication-systems)