Banks rely heavily on end-user computing applications (EUCs) such as Excel spreadsheets and scripts for day to day operations because they allow users to react quickly to changing market conditions or regulations. Whether they are used for creating financial models, finance, accounting or complying with regulatory requirements, they need to be managed effectively.
CIMCON Software offers solutions that create an inventory of all EUCs in your organization, identify the most critical files, detect errors; provide a visual map of data dependencies, and provide on-going monitoring and control of your most important EUCs. All of which minimize the business risks associated with EUCs.
CIMCON Gives You the Tools to Comply:
- Comprehensive Capital Analysis and Review (CCAR)
- Dodd-Frank Stress Tests (DFAST)
- Basel III
STRESS TESTING & MODEL RISK MANAGEMENT
CIMCON tools can help manage model risk for stress testing, as they address all the controls that regulators require. Not only does our software improve the levels of controls and compliance, but also greatly reduce operational risk from spreadsheets on an ongoing basis.
Supports Basel II & III, ICAAP, Supervisory Capital Assessment Program (SCAP), Comprehensive Capital Analysis and Review (CCAR), Dodd-Frank Act Stress Tests (DFAST), and the European Central Bank's (ECU) Comprehensive Assessment.
Create a complete and accurate automated inventory of all EUC files, including spreadsheet models in the company
Provides comprehensive model analysis all the way down to each and every individual spreadsheet cell. Provides a complete audit trail to meet any regulatory requirement.
BASEL III REGULATION
CIMCON Software offers solutions to help banks meet these Principles for effective risk data aggregation and risk reporting.
Implementation of Structured Process - CIMCON provides a comprehensive set of EUC management solutions from discover, risk assessment, analysis, and controls, to archiving and record retention.
Remediation & Controls - our software automatically creates an inventory of all EUCs in the organization and performs an initial risk assessment of them so that a uniform compliance framework can be used for remediation and controls.
Spreadsheet Comparisons – CIMCON provides spreadsheet developers and users with an easy to use, highly graphical and intuitive tool to detect current and potential errors, warnings and inconsistencies in their spreadsheets, perform a logic inspection of the spreadsheets, understand data flows between cells, view all external links, and perform spreadsheet comparisons.
Security, Access & Monitoring – our solutions provide security, role-based access, monitoring via cell-level audit trails, and workflow tools.
Comprehensive Reporting – we offer 70 out-of-the-box reports in addition to multi-dimensional report builders, plus web-based dashboards or audit trail, workflow, and exception review, each with drill-down capabilities to show detailed information.