Why Is Spreadsheet Risk An Issue?
Spreadsheets are often the ‘go to’ application for building models because of their convenience, power & flexibility. However, data accuracy issues can arise if spreadsheets are updated or developed without suitable controls in place. At best, this leads to hours wasted checking over files to identify and correct errors. At worst it could mean making decisions based on poor data, leading to commercial or reputational harm to the business at potential interest from regulators.
The Solution? Automated Spreadsheet Risk Management
Take control of your model risk management by automating your spreadsheet management. Design, develop & manage the models used across your business with either our cloud or on premise solutions that allow you to: