Regardless of your sector or industry, once your enterprise reaches a certain size and complexity EUC* management becomes a challenge. Mistakes based on bad Excel spreadsheet governance — for example with tax calculations, gap reporting, or IFRS — expose your organization not only to financial and regulatory risk, but to reputational risk, as well. With new initiatives such as the Senior Managers’ Regime placing greater accountability with board members, ensuring compliance with internal and external EUC policies is more important than ever.
A Changing landscape
As the volume of spreadsheets and other EUC applications you generate grows, ensuring that your organization adheres to an internal EUC policy — or is able to respond to regulatory requirements such as SOX and the COSO framework — becomes more mission-critical. At the same time, effort and complexity of accomplishing that task becomes greater.
A key objective of financial management is a clear line-of-sight from summary figures to the underlying data. This ensures that problems in the information supply chain are rapidly highlighted for remedial action.
ClusterSeven helps you identify critical Excel spreadsheets and EUC applications in your organization, and manage them to reduce EUC risk efficiently. Our unique solutions scan your organization’s entire IT environment to identify every EUC application that may contain risky data, so you can gain a central view of all your EUC risk. Once you’ve identified your mission-critical applications, our solutions monitor those spreadsheets to reduce Excel risk. Your people can continue to work with EUC applications as they’re used to doing, but you can see what’s changed, who changed it, and when they changed it — and implement an approvals process to make Excel spreadsheet management and risk mitigation simple.
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)