Research has repeatedly shown that an alarming proportion of corporate spreadsheet models are not tested to the extent necessary to support Directors' fiduciary, reporting and compliance obligations. Uncontrolled and untested spreadsheet models therefore pose significant business risks. These risks include:
- Lost revenue & profits
- Mispricing and poor decision making due to prevalent but undetected errors
- Fraud due to malicious tampering
- Difficulties in demonstrating fiduciary and regulatory compliance
These risks are ignored due to a widespread failure to inventory (keep records of), test, document, backup, archive and control the legions of spreadsheets that support critical corporate infrastructure.
To counter these risks and address the pertinent management issues, you can contact us directly to discuss your company's requirements.