--- title: Lower EUC Risk with Automated Controls | SS3/18 description: SS3/18 | Spreadsheet Accuracy & End User Computing Risk from CIMCON Software --- [![Cimcon Software Inc.](https://blog.cimcon.com/hubfs/Cimcon%20Software%20Feb2017%20Theme/Image/cs-logo.png)](https://www.cimcon.com/) - Products - [EUC Inventory Cloud](https://www.cimcon.com/products/euc-inventory-cloud) - [Model Inventory Cloud](https://www.cimcon.com/products/model-inventory-cloud) - [XLAudit](https://www.cimcon.com/products/solutions-xl-audit) - [Cell Conceal](https://www.cimcon.com/products/cell-conceal) - [EUC Insight Discovery](https://www.cimcon.com/products/solutions-eucinsight) - [EUC Insight Inventory](https://www.cimcon.com/products/solutions-eucinsight-inventory) - [EUC Insight Change Management](https://www.cimcon.com/products/euc-insight-change-management) - [Use Cases](https://www.cimcon.com/use-case) - [Banking](https://www.cimcon.com/use-cases/banking) - [Insurance](https://www.cimcon.com/use-cases/industries-insurance) - [Asset Management](https://www.cimcon.com/use-cases/asset-management) - [Model Risk Management](https://www.cimcon.com/use-cases/model-risk-management) - [Financial Risk & Controls](https://www.cimcon.com/use-cases/financial-risk-controls) - [IT Audit / Controls](https://www.cimcon.com/use-cases/it-audit-controls) - [Cloud Content Migration Risk](https://www.cimcon.com/use-cases/cloud-migration-risk) - [Services](https://www.cimcon.com/services) - [Clients](https://www.cimcon.com/clients) - [Banking](https://www.cimcon.com/clients?t=1) - [Insurance](https://www.cimcon.com/clients?t=2) - [Asset Management](https://www.cimcon.com/clients?t=3) - [Blog](https://www.cimcon.com/blog) - [About Us](https://www.cimcon.com/about-us) - [Leadership](https://www.cimcon.com/about-us) - [Partners](https://www.cimcon.com/partners) - [Careers](https://www.cimcon.com/about-us/careers) - [Talk to Sales](https://www.cimcon.com/about-us/contact) # Lower EUC Risk with Automated Controls ## [Model Inventory: There is a Better Way](https://blog.cimcon.com/blog/model-inventory-there-is-a-better-way) Posted by [Craig Hattabaugh](https://blog.cimcon.com/blog/author/craig-hattabaugh) on Oct 23, 2018 1:35:17 PM - [Tweet](https://twitter.com/share) [![model inventory](https://blog.cimcon.com/hubfs/model%20inventory.png)](https://blog.cimcon.com/blog/model-inventory-there-is-a-better-way) Creating and maintaining a Model Inventory is simple in concept but much harder in practice. Identifying the existing models to include can be challenging, especially given the fact that the line of business aren’t usually enthusiastic about documenting their model usage. Some model owners would prefer that you just go away, thank you very much. But it’s the “maintain” task that is really difficult. Keeping a model inventory accurate and up to date takes a lot of work. From chasing down various owners and users for updates to reporting on KRIs, it is a thankless job that never ends. Model Inventories are very resource intensive but there is an easier way that is better, faster and cheaper. [Read More](https://blog.cimcon.com/blog/model-inventory-there-is-a-better-way) 0 Comments [Click here to read/write comments](https://blog.cimcon.com/blog/model-inventory-there-is-a-better-way#comments-listing) Topics: [SS3/18](https://blog.cimcon.com/blog/topic/ss3-18), [Model Inventory](https://blog.cimcon.com/blog/topic/model-inventory), [model risk](https://blog.cimcon.com/blog/topic/model-risk) ## [New Woes for the UK Model Risk Manager](https://blog.cimcon.com/blog/use-model-inventory-software-to-comply-with-ss3/18) Posted by [Craig Hattabaugh](https://blog.cimcon.com/blog/author/craig-hattabaugh) on Jul 13, 2018 3:29:53 PM - [Tweet](https://twitter.com/share) [![PRA SS3-18](https://blog.cimcon.com/hubfs/PRA%20SS3-18.png)](https://blog.cimcon.com/blog/use-model-inventory-software-to-comply-with-ss3/18) 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.  [Read More](https://blog.cimcon.com/blog/use-model-inventory-software-to-comply-with-ss3/18) 0 Comments [Click here to read/write comments](https://blog.cimcon.com/blog/use-model-inventory-software-to-comply-with-ss3/18#comments-listing) Topics: [Manage Risk](https://blog.cimcon.com/blog/topic/manage-risk), [SS3/18](https://blog.cimcon.com/blog/topic/ss3-18), [PRA SS3/18](https://blog.cimcon.com/blog/topic/pra-ss3-18), [Prudential Regulation Authority SS3/18](https://blog.cimcon.com/blog/topic/prudential-regulation-authority-ss3-18), [Model Inventory](https://blog.cimcon.com/blog/topic/model-inventory) [All posts](https://blog.cimcon.com/blog/all) ### Recent Posts ### SIGN UP FOR OUR QUARTERLY NEWSLETTERto stay informed on the latest strategies and news on EUC controls and compliance ### About Us **CIMCON Software is the leader in end-user computing controls, ranked #1** for Spreadsheet Compliance & Sarbanes-Oxley **three consecutive years** in *Operational Risk & Regulation* customer surveys. ### Navigate - [Products](https://www.cimcon.com/solutions) - [Industries](https://www.cimcon.com/use-case) - [Services](https://www.cimcon.com/services) - [Clients](https://www.cimcon.com/clients) - [Knowledge Base](https://www.cimcon.com/knowledge-base) - [Partners](https://www.cimcon.com/partners) - [About Us](https://www.cimcon.com/about-us) - [Privacy Policy](https://www.cimcon.com/privacy-policy) - [Terms & Conditions](https://www.cimcon.com/privacy-policy) ©2018 CIMCON Software, LLC. 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