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$16bn health agency managed finances with Excel spreadsheet.
(www.theregister.com)
This is a most excellent place for technology news and articles.
Not if there is a BACKUP folder with daily copies of all your spreadsheets.
Sifting through the backups is so much fun when you're trying to find when a particular issue started.
Excel is indeed super powerful. I've seen firsthand what they power in multiple Fortune 500 companies, and usually for a lot of critical tasks. It doesn't surprise me in the least that this company was using it for finances.
My backup is ctrl+z ๐