Spreadsheet Risk: What
You Don’t Know Can Hurt You
Today’s competitive environment makes risk management a mission-critical
issue for your company — and for you. The business media is full
of stories about companies that have suffered financial setbacks and public
relations disasters, simply because they failed to manage their risk adequately.
Corporate risk has increased dramatically in recent years, because of
the intersection of two key business trends:
| • |
The explosive growth in end-user computing
applications — spreadsheets, user-“owned” databases
and reporting engines — and the vast amounts of highly sensitive
information they contain |
| • |
The strict compliance demands of legislation
like the Sarbanes-Oxley Act, and regulations like the Food and Drug
Administration’s (FDA’s) Electronic Records and Electronic
Signatures Rule (21 CFR Part 11) |
End-user applications are everywhere within your company. And in today’s
distributed computing environments, they may be literally anywhere in
the world, on desktops, notebooks, even mobile telephones and personal
digital assistants. They may also be interconnected with other applications,
inside and outside the company, in ways that virtually no one understands.
And that means they lie completely outside your company’s established
chain of accountability.
A Framework for Sustainable Management and Control
These uncontrolled applications are an open invitation to human error,
simple negligence — and deliberate fraud. If they remain uncontrolled,
they can expose your company to regulatory sanctions, legal liability,
and worse. This is a critical issue for you, whether you’re a:
- • Financial executive
- •
Internal or External Auditor
- • Regulatory compliance manager
- •
Senior IT decision-maker
- • Manager of clinical trials for a life sciences company
Whatever your responsibility within your company, Compassoft gives you
the ability to manage and control spreadsheet risk to ensure:
- • Error-free financial analysis, decision-making and reporting
-
- • Regulatory Compliance (Sarbanes-Oxley, FDA 21 CFR Part 11)
- • Security of Personal and Sensitive Corporate Data
- • Protection of critical data loss
>
Learn More at our upcoming Webinar! |
