Compliance-reporting teams keep spreadsheets in the loop for a practical reason: a workbook lets domain experts inspect assumptions, formulas, source rows, and intermediate values without reading a line of application code. That transparency is genuinely useful, and it’s a big part of why replacing Excel outright so often fails to stick. The trouble starts once that workbook becomes part of a repeatable, audited reporting process — a regulatory filing, an IFRS report, a periodic compliance submission.