Whatever type of bank you are, it’s likely that Excel spreadsheets and other EUC* applications are critical to your organizational efficiency. Whether managing an expanding product portfolio, conducting risk and performance monitoring or calculating tax and preparing regulatory reports, effective management of EUC applications — including Excel spreadsheet management — is an ever-present and growing challenge. On top of this, in the wake of the financial crisis, regulators and auditors globally are demanding increased transparency across the organization.
Technology to stay ahead
ClusterSeven’s unique solutions help you simplify EUC risk management. We provide the tools to easily identify and catogorise critical Excel spreadsheets in your organization that might contain errors and inaccuracies, and then monitor them to see when changes are made and what those changes are.
“ClusterSeven’s technology has functionality in a number of areas, but its core strength is that it gives a fully auditable view of each spreadsheet.”
Stephen Ashton, head of IT business management at Dresdner Kleinwort.
With a ClusterSeven-managed EUC inventory, responding to the requirements of regulations including BCBS239, OCC 2011-12, and SOX can happen faster and more efficiently than before, helping you get on with what’s important.
Because your organization’s data is automatically validated by our solutions, you can be sure that data is always accurate, making it easy to comply with the likes of CCAR, DFAST and SR11-7. With ClusterSeven, Excel spreadsheet risk is made painless, allowing you to model and mitigate risk in your organization and provide transparency to customers and shareholders, without wasting time and money.
ClusterSeven delivering Certainty
- Proven delivery track record – all our customers go-live on time, on budget
- Speed of deployment – we can deploy in 10-15 days based on requirements
- Referencebility – we have over 30 customers in 20 countries across 5 continents
- Ease of implementation – we ensure minimal disruption to BAU activity
*EUC stands for end user computing, and is synonymous with end-user developed applications (EUDA), user tools (UT), user applications (UA) and user-developed tools (UDT)
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