ClusterSeven Named Finalist in Risk Management Awards 2017
Shortlisted in ‘Best Use of Technology in Risk Management’ Category
London, U.K., 31 August 2017 – ClusterSeven, the leading global supplier of strategic spreadsheet and end-user computing (EUC) management software, has been shortlisted in the ‘Best Use of Technology in Risk Management’ category of the CIR Risk Management Awards 2017. Now in its eight year, the Risk Management Awards recognize those organizations that have significantly added to the understanding and practice of risk management.
“With organizations under increasing pressure by regulators to eliminate spreadsheet-related mishaps, spreadsheet management must form part of every organization’s risk management strategy,” commented Henry Umney, CEO of ClusterSeven. “A lack of control over the spreadsheet environment, which is substantial in most organizations due to the widespread use of this application, poses a major risk to businesses. Non-compliance can not only lead to crippling fines and penalties, but to long-term reputational damage. A technology-led approach is the only fail-safe way to minimize spreadsheet risk.”
Umney added, “We are delighted that ClusterSeven has been shortlisted. It represents recognition by the risk management industry that there is a very real business need for spreadsheet management.”
Judged by an independent panel of experts for exceptional performance, the awards provide an opportunity for organizations and individuals to showcase their best products, projects and people.
The winners will be announced at the Risk Management Awards Gala Dinner & Ceremony on 9 November 2017 at the Millennium Hotel London Mayfair. In 2016, the event was attended by over four hundred guests. For more information on the awards, visit: www.cirmagazine.com/riskmanagementawards
London-based ClusterSeven has developed a range of market-leading software products that provide oversight and transparency of a firm’s spreadsheets, user-built databases and modeling tools. ClusterSeven’s solutions provide departments such as finance, regulatory reporting, stress testing, operations and internal audit full confidence in the integrity of their firm’s spreadsheet data, while also offering substantial savings on the time and resources used to check data processes and accuracy.
ClusterSeven was founded in 2003 and established a New York office in 2006. The firm now has a third of the world’s top 30 banks as clients as well as multiple leading insurers, investment managers and energy firms. In June 2015, private equity firm Azini Capital Partners LLP acquired 100% of ClusterSeven and has provided additional investment to promote high quality product development and wider customer engagement.