Comment by evanjrowley

>Many though have a policy of minimising Excel and rolling out formal platforms whether in-house or off the shelf, as Excel is regarded as a ongoing risk of in-accuracy as full editable at all times, lack of git/version control and so on.

Can confirm this practice in place at fortune 50 financial institutions. One in particular calls it "End-User Computing System Risk", meaning the end user created a business-critical "system" (i.e., a complex Excel file or Access database) on their own computer.