This is part 5 of 12 in a blog series on understanding the risks of your current planning, budgeting and forecasting process. Securing data is a key concern when it comes to sensitive financial data. For the next few weeks, we’ll be posting a new article every Wednesday on budgeting best practices that will look at the challenges of the budgeting process and how to solve them. Catch up on last week’s post, Don’t Be Your Own Worst Enemy in the Planning Process.

Are spreadsheets really as secure as you think?

Spreadsheets are one of the most common ways to organize budgetary and other financial data.  Unfortunately, spreadsheets aren’t the most secure, especially when there are multiple versions of spreadsheets that can be stored on employees’ computers or mobile devices.  An increase in mobility can introduce the risk for data theft and devices to be

• Lost
• Stolen
• Exposed to the wrong people

If you don’t want data to get into the wrong hands or to be shared with the wrong employees, then it may be time to upgrade your technology.

Centralized budgeting solutions work to secure sensitive data

A centralized budgeting solution can secure sensitive financial data.  Download 21 Ways Your Budgeting Process Puts Your Business at Risk to see how you can upgrade your business budgeting data security with an innovative business solution.  The internet is available nearly everywhere and with a centralized budgeting solution, your employees can access important budgetary data directly from the source instead of copying spreadsheets or emailing them.  In addition, passwords and other security management features offered by a centralized budgeting solution can provide further assurance that only the right people have access to sensitive corporate data such as payroll costs and profitability numbers.

Mobile devices and mobile employees are the latest way to improve productivity and keep your business moving forward.  Download the eBook created by True Sky, 21 Ways Your Budgeting Process Puts Your Business at Risk, to learn how you can protect your data from getting into the wrong hands.  Contact us for more information about financial data security to secure your sensitive information by using a centralized budgeting solution.