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(Published May 2019): Objectives of the Whitepaper Presently, companies are heavily invested in spreadsheets because of their ability to aggregate, model, analyze, and report large data sets. Spreadsheets provide flexibility and familiarity, yet they are powerful and can handle a variety of tasks from the simple to the most complex. Spreadsheets can be an efficient and accurate tool when used properly. Setting up proper procedures and processes in advance is a crucial part of safely using spreadsheets while greatly reducing many of their inherent risks.