Released on 30 September 1985, Microsoft’s Excel has now turned 40 years old.
It has been estimated that Excel’s monthly user base is between 700 million and 1.2 billion. So, it is safe to say Excel has become a highly influential tool for CFOs and finance professionals!
New research suggests that, despite the arrival and proliferation of automation and AI, finance leaders aren’t ready to part with Excel spreadsheets in 2025, just yet. So, it appears Excel will continue to play an instrumental role within the finance function for some years to come.
According to a survey from iplicit of 250 midmarket finance leaders, 88% see AI as a way to enhance, not replace, tools such as Microsoft Excel, and 92% agree that AI will help their team use Excel more efficiently and powerfully.
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