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, model risk, EUC risk management

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, PRA SS3/18, Prudential Regulation Authority SS3/18, Model Inventory, SS3/18

Protect Personally Identifiable Information (PII) in Unstructured Documents & Spreadsheets in Support of GDPR

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

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

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

Should the CEO care about Spreadsheet Risk? 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 evolve into a material - and public - business crisis.

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Topics: Spreadsheet Errors, Manage Risk

Microsoft has Ended Support for Audit & Control Manager/Prodiance. Who You Gonna Call?

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

Given your dependence on Microsoft Audit & Control Manager's Server, are you concerned about the sustainability of your spreadsheet risk management now that official support has ended. Or, are you migrating your critical Excel files to the cloud (e.g. SharePoint Online) which is not supported in Microsoft ACM Server?  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, Microsoft ACM, EUC Controls, Data Governance in the cloud

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

Just 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 critical spreadsheets.  There's a highly effective and much more productive way to detect and correct spreadsheet errors!

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Topics: Spreadsheet Errors, Manage Risk

CIMCON Recognised as Best End-User Computing Risk Management Solution by InsuranceERM

Posted by Leslie Miller on Feb 8, 2018 4:35:00 AM

We're super proud to share with you that InsuranceERM has awarded CIMCON Software the Best End-UserComputing Risk Management Solution in its InsuranceERM Awards 2017!!  This recognition confirms CIMCON as the industry standard for EUC risk management automation software. Read the whole review here.

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Topics: Awards, Manage Risk, Spreadsheet Errors

Ignore the CFO: 3 Reasons to Keep Your Spreadsheets!

Posted by Craig Hattabaugh on Jan 9, 2018 10:14:00 AM

Two recent articles in The Wall Street Journal reignited the debate between spreadsheet defenders and foes. Excel is perennially derided by software marketers selling replacement solutions, yet its usage continues to proliferate. So we need to ask, why are spreadsheets used so often within critical business processes? More often than not, the smart business decision is to keep those spreadsheets in place. 

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Topics: Spreadsheet Errors, Manage Risk

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