Success stories - 2/2 - ClusterSeven

We pride ourselves on having a fully reference able and active customer base. Find our what customers say about the benefits of using ClusterSeven to help ensure governance, risk and compliance best practice in their organizations.

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  • Dresdner Kleinwort

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    Dresdner Kleinwort, the investment bank of Dresdner Bank AG, is typical of large banks, which have a vast number of autonomous spreadsheets supporting a range of business-critical functions. In 2005, Dresdner Kleinwort turned to ClusterSeven to help manage its spreadsheets, initially in the product control and finance departments, in order to reduce the operational risk inherent in running a large number of business-critical spreadsheets.

    The implementation of ClusterSeven’s technology allowed Dresdner Kleinwort to control changes over its spreadsheet applications and track all changes made at a cell level. In doing so, it reduced the time spent trying to manage and maintain these applications without locking them down or reducing their effectiveness.

  • Model Risk Management – Banking

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    One of the roles of this major bank’s trading floor is to provide reliable information on current and closed deals to a growing number of bank branches (currently exceeding 100). This information includes margins, positions etc.

    The Bank uses a number of different trading platforms, limits and back office systems (including Kondor+, Prime, IBIS and MUREX) dealing with Bonds, FX Options, Swaps, Derivatives and other trades. Every day, from each system, a number of data extracts are loaded into a Risk database. This enables positions to be assessed and decisions made accordingly.

    Unfortunately, the Risk department has noticed that input files sometimes contain invalid entries or missing data records. Undetected errors carry a risk of multiple US$10millions.

  • A Swiss Bank – Investran and ClusterSeven

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    This Swiss bank’s private equity business  demands the analysis, management, and dissemination of large amounts of qualitative and quantitative data. Investran® (an integrated SunGard software suite) meets these needs by simplifying private equity workflow, facilitating each step of the private equity lifecycle from fundraising to portfolio monitoring. The Investran Accounting, Relationship Manager® and SunGard DX® products work in harmony to connect front and back-office processes.

  • Mitsubishi UFJ Securities International

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    Mitsubishi UFJ Securities International (MUSI) is the European hub of the global securities and investment banking business of Mitsubishi UFJ Securities and is part of the Mitsubishi UFJ Financial Group, one of the world’s largest financial institutions. In common with most other financial organizations, MUSI relies on spreadsheets as an integral part of its business-critical processes. Experiencing rapid expansion, MUSI needed to improve spreadsheet control to assure the safe growth and support of the business.

    With ClusterSeven technology, it implemented an efficient, repeatable process to manage spreadsheets, reduce operational risk and gain practical feedback on potential risk.

  • Rabobank Group is a full-range financial services provider that operates on cooperative principles. Its origins lie in the local loan cooperatives that were founded in the Netherlands nearly 110 years ago by enterprising people who had virtually no access to the capital market.

    Rabobank’s spreadsheet and End User Computing (EUC) landscape on the trading floor, were identified as vast with minimal management controls. The need to demonstrate control over these spreadsheets is imperative in recognition of the demands of regulators today to eliminate spreadsheet-related mishaps.

Example use cases

Organizations rely on spreadsheets in a variety of ways and as a result there are many different ways in which ClusterSeven can assist and add value to a business.

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Let's talk about how ClusterSeven can increase transparency and control around your spreadsheets and give you confidence in your business critical processes and the accuracy of your data empowering you to make informed business decisions.

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