Spreadsheet Accuracy & EUC Risk Insights

What I learned from Walmart’s CIO about EUC Risk Management

Posted by Craig Hattabaugh on Aug 24, 2018 11:49:09 AM

Earlier this year, Peter High wrote on Forbes.com about an interview he had with Clay Johnson who currently is the CIO of Walmart.  Although the topics of discussion weren’t specific to end-user computing risk management, I found Clay’s lessons learned from his early experience at FedEx to be very applicable to my work focused on Model risk and EUC risk management.

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Topics: Manage Risk, risk management policy, EUC risk management, model risk

New Woes for the UK Model Risk Manager

Posted by Craig Hattabaugh on Jul 13, 2018 3:29:53 PM

The Prudential Regulatory Authority’s Supervisory Statement SS3/18 concerning model risk management principles is the latest in a long line of financial industry guidance that started with OCC 2011-12, The Federal Reserve’s SR 11-7 and others. Although it is highly focused on the models used for determining capital adequacy (stress testing) in UK banks, and the principles are sound, it is not good news for model risk managers. 

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Topics: Manage Risk, SS3/18, PRA SS3/18, Prudential Regulation Authority SS3/18, Model Inventory

Protect Personally Identifiable Information (PII) in End-User Documents & Spreadsheets in Support of GDPR

Posted by Rosanne Peterson on May 30, 2018 9:22:06 AM

You have millions of end-user files in your organization. Do you know which documents, spreadsheets and other files contain personally-identifiable information (PII)? If not, how will you comply with the EU General Data Protection Regulation (GDPR)? And more importantly, how can you fully ensure information security?

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Topics: Manage Risk, information security, PII, GDPR Compliance

The Elated Financial Director

Posted by CIMCON Software on May 9, 2018 4:10:00 AM

Steve's team finished month-end close far earlier than normal and now have time for more important things.

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Topics: Spreadsheet Errors, Videos

Should the CEO care about Spreadsheet Risk? Oh Yes! Three Current Headlines Reveal Why

Posted by Craig Hattabaugh on Apr 24, 2018 4:10:00 AM

Why would a senior executive with strategic responsibilities even remotely think about something so seemingly tactical as spreadsheet risk?  Read on: This article discusses a series of recent cases that illustrate how a spreadsheet error can quickly snowball into serious material - and public - impact.

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Topics: Spreadsheet Errors, Manage Risk

Imogen, The Happy Actuary

Posted by CIMCON Software on Apr 18, 2018 4:10:00 AM

Imogen doesn't worry about errors in her models - she has automated controls! 

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Topics: Spreadsheet Errors, Videos

The $100 Million M&A Error

Posted by CIMCON Software on Mar 20, 2018 5:03:00 AM

A small error in a spreadsheet can cause a very public material error.  Easily find all your spreadsheet errors BEFORE you finalize your acquisition.

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Topics: Spreadsheet Errors, Videos

Microsoft to End Support for Audit & Control Manager / Prodiance. Who You Gonna Call?

Posted by CIMCON Software on Mar 8, 2018 10:22:00 AM

Are you concerned about EUC risk given your dependence on Microsoft Audit and Control Manager Server once mainstream support ends this October? Or are you migrating your critical EUCs to the cloud - where Microsoft ACM can't support your EUC risk management? CIMCON Software can help you maintain effective governance on Excel & Access files whether they’re stored in the cloud or on premises.

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Topics: Manage Risk, EUC Controls, Data Governance in the cloud, Microsoft ACM

Why are you Wasting Time Manually Hunting for Errors in your Excel Spreadsheets?

Posted by David Noble on Mar 1, 2018 4:37:00 AM

Even one tiny spreadsheet error can snowball into a disaster for your company and for everyone responsible. No organization wants to suffer a material financial loss due to a spreadsheet error. And yet, most firms use ineffective manual methods to find errors in their most critical spreadsheets.  There's a highly effective and more productive way to hunt for spreadsheet errors!

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Topics: Spreadsheet Errors, Manage Risk

John's Spreadsheet Error

Posted by CIMCON Software on Feb 20, 2018 4:38:00 AM

The consequences of trusting - but not verifying - that your spreadsheet has no errors. 

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Topics: Spreadsheet Errors, Videos

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