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:
- Understanding of what spreadsheets are used across the business.
- Appreciation of the business impact of spreadsheet errors.
- Clear ownership of spreadsheets across the business.
- Process around how changes are made to spreadsheets.
- Defined risks to the business due to spreadsheet complexity.
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.