Eliminating Spreadsheet Risk in a Transformation Project
Why Does It Matter?
Transformation – both operational and technological – is a near constant for many businesses, as they flex and change to meet the changing needs of their customers. A successful transformation project can help the business to thrive and develop. A flawed project can create new problems and hold the business back.
Having a firm grasp of a business’ key business spreadsheets, their significance to the business, their location, their ownership and dependence on corporate applications will provide a solid foundation for planning the successful migration of the estate into its new environment, or decommissioning spreadsheets that no longer meet the business’ need. This approach allows the spreadsheet estate to be defined, migrated and implemented much like any corporate application, ensuring the spreadsheet phase of the change project goes off smoothly, reducing project risk, time, as well as budget.
What Causes Spreadsheet Risk?
Spreadsheet risk is more likely to occur if there is a lack of:
The Solution: Automated Spreadsheet Risk Management
ClusterSeven offers spreadsheet risk management solutions that allow business to manage their spreadsheet estate in the same they manage their corporate IT applications, providing comprehensive governance and control. Our solutions allow project offices, managers, line of business owners and staff to fully understand the nature of their spreadsheet estate, its business value and the inherent risk. This approach allows them to plan, manage and execute any transformation project, safe in the knowledge that the spreadsheet sheet estate, and the critical business process they assure, will work just as well after the transformation as before.
Due to the complexity and pervasiveness of spreadsheet applications, implementing a technology-led framework in which automated best practice processes play a key role, is likely the most ‘fool-proof’ method of EUC management and risk mitigation. ClusterSeven is an excellent option.
Today, our EUC landscape is manageable. There is transparency of the EUC models, and along with rationalization, we are confident of the integrity of the data used in all our business-critical calculations.
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.Contact Us