My first interaction with spreadsheets was way back in the eighties. It was during one of my first jobs when I was working in the office of a jewelry manufacturer, reporting to the CFO.
On that machine I had Lotus 1-2-3 and later on SuperCalc 3. Powerhouses in the world of spreadsheets back then. I used to calculate gold prices and create forecasting models so simple that an abacus probably would have given more insights.
Since then, I’ve been no more than an enthusiastic amateur in my use of spreadsheets, proud of my ability to drag an =SUM() formula down the page with ease.
Since joining Positive8 I’ve seen how, in the right hands, a spreadsheet can be a very powerful tool for businesses. Our team's ability to turn a static set of data into a dynamic tool with real time data that provides insights that help drive action never ceases to impress me.
I’m seeing more and more that despite the plethora of new tools built specifically for finance data management, finance teams always like to fall back to the tool the know and love, the humble spreadsheet.
Is it so humble though? From the beginning, the evolution of the spreadsheet is a story of continuous innovation. It started a long time ago, back in 1979 in fact. To put that into context, here are some events that also took place in the same year.
The journey of the spreadsheet starts with VisiCalc and ends with Excel and includes some honorary mentions along the way.
1979: VisiCalc
The first widely adopted electronic spreadsheet, VisiCalc was short for "visible calculator" and replaced manual ledger sheets. It allowed users to perform automatic calculations across rows and columns and made financial modelling faster and more flexible, helping businesses save time and reduce errors. VisiCalc became obsolete by the mid-1980s as Lotus 1-2-3 took over the market.
1983: Lotus 1-2-3
Lotus 1-2-3 gradually became obsolete in the late 1990s as Excel rose to dominance.
1983: SuperCalc 3
SuperCalc 3 stood out for its ability to handle large datasets and its compatibility across platforms, including CP/M and MS-DOS. It offered features such as iterative calculations and goal-seeking, which were advanced for its time.
SuperCalc became obsolete in the early 1990s as competitors gained market share.
1988: Quattro Pro
I never experienced Quattro Pro but it introduced tabbed multi-sheet workbooks and enhanced charting tools, and set new standards in data organisation and visualisation. It also pioneered some usability features that we take for granted like right-click menus and in-cell editing.
While Quattro Pro still exists in niche use, it became largely obsolete by the early 2000s.
1985 (and widely adopted in the 1990s): Microsoft Excel
Excel combined ease of use with powerful functions, macros, and eventually integration into the Microsoft Office suite. Over time, it introduced pivot tables, advanced charting, and robust formula auditing tools. Through Office 365, Excel evolved into a collaborative, cloud-based tool with connections to live data sources and remains the industry standard we all use today.
Features That Shaped the Spreadsheet’s Impact
Today, spreadsheets remain key to financial operations, but they have transformed into dynamic, connected platforms. Our team here at Positive8 works with organisations to help them move beyond manual processes by leveraging spreadsheets alongside modern automation, analytics, and data integration technologies.
Spreadsheets have come a long way since I first used them, and I can’t wait to see what the future looks like and whether they will still be the backbone of finance tools in another 40 years!