Regardless of the size of your company every finance organization uses spreadsheets. To some degree, Accounting, Treasury, Tax, and FP&A all use spreadsheets in critical business processes. Furthermore, every organization has experienced the pain of spreadsheet errors, whether they became public or not. Putting Sarbanes-Oxley compliance aside, the core issue is preventing errors, and to a lesser extent preventing fraud in these tools that are under end user control (EUC). The high likelihood of spreadsheet error is well documented, and without spreadsheet governance, inherent risk equals residual risk.

The challenge of spreadsheet governance can seem daunting. There are so many of them, almost every employee has Excel on their desktop. It needs people and their time to perform specific tasks and that costs money. In addition, there is a cultural dynamic in that the talented, innovative employee who is driving the use of models is typically reluctant to any type of governance and views risk management as a drag on their productivity.

CIMCON Software offers solutions that automate the management of EUCs and minimize the business and compliance risks associated with them. From creating an inventory of all the EUCs in your organization and identifying the most important files, to detecting errors and providing a visual map of data dependencies, our tools provide on-going monitoring and control of your most important EUCs.

CIMCON Gives You the Tools to Manage Your EUCs:

  • Discover the volume and type of EUCs that exist in your organization.
  • Risk assess each EUC based on configurable risk criteria.
  • Create an automated inventory of all EUCs.
  • View EUC lineage, data dependencies, and risk flows at the enterprise level.
  • Error-check and analyze spreadsheets with complete documentation
  • Implement version control and change management with cell level audit trails.
  • Accelerate reviews with workflow-based file comparisons and alerts.
  • Secure files to prevent unauthorized changes.