Banks rely on accurate end user computing applications

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
MiFID
Sarbanes-Oxley
BaFin

We have had tremendous success with CIMCON's EUC Insight Discovery Software. Unlike other vendors' products that we tested, EUC Insight Discovery provided us with an enormous amount of valuable data right out of the box, within a few days. EUC Insight Discovery gave us the information that we needed to identify and eliminate a significant number of potential opportunities for a security breach. We have successfully deployed EUC Insight Discovery globally in Paris, New York and London for a major French bank for risk monitoring with over 20 million files scanned to date. I am highly impressed with the performance and scalability of such a tool and the outstanding level of support received from CIMCON at all stages of deployment.

- Project Manager , EUC Controls Project for $58 billion Major French Bank

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 BaFin, 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.

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.
Error Detection and Spreadsheet Comparisons – CIMCON provides highly visual and intuitive tools to detect errors, understand logic 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.