Question

Disadvantage of spreadsheet software ?

Answer 1

Answer:

1.Collaboration is limited

2.lack of controls ,vulnerable to fraud

3.susceptible to costly human errors

4.Difficult to troubleshoot or test

5.Hard to manage data security

Explanation:

1.working with spreadsheets in reinsurance means only one person can access data at at time,without taking or being sent a copy.

2.spreadsheet do not possess any in -built,automatic audit tracking function eg who accessed the data last,who did what and when to the spreadsheet.