Did you know that spreadsheets caused the collapse of the entire Jamaican banking system in the late ,90's?
You might like to check out some of the 'horror' stories on the European Spreadsheet Risks Interest Group and then decide how risky it can be https://peakd.com/hive-102332/@paulag/disucss-it-will-not-be-long-before-excel-is-deemed-too-risky-for-many-corps
Although Excel has its risks. I don't think companies would be able to avoid using it, even if they tried.
OMG? Really? I didn't know that at all...
Was that the link you meant to paste? It's the link for this particular post.
I work with SAP, which tries to safeguard a lot of data, but people still download it and run it through Excel because that's what they know.
So sorry, the wrong link indeed http://www.eusprig.org/horror-stories.htm
That's my experience too, no matter how many hundreds of thousands of companies spend on awesome software, people still just dump to excel