Spreadsheet Risk Management & Control

What Every C-Level Executive Needs to Know

Eric Perry
Vice President of Marketing
February 2010
 32% of Corporate Data is Stored in Uncontrolled
End-user Computing Applications (EUCs)

End-user Computing
Applications
•Spreadsheets
•Access databases
•ERP exports
•Management reports
•etc.
32%
68%

IT Controlled
Applications
•ERP systems
•Trading systems
•Account Reconciliation
systems
•Data Management/BI
Source: Baseline Consulting IT survey tools
•etc.
 Consequences of Uncontrolled Spreadsheets

Source: http://endusercomputing.org
 Consequences of Uncontrolled Spreadsheets

Fraud

Errors

Non-
compliance

Source: http://endusercomputing.org
 Spreadsheet Risk Continuum

RISK Policies, Procedures &

Processes

Risk Mitigation
Controls
Best Practices
EUC Control
Technology

RISK MATURITY
Best Practices for Mitigating Spreadsheet Risk

Reporting Inventory

Risk
Optimization Assessment

Control
Prodiance Enterprise Risk Manager System

Dashboards & Reports

Link Audit & Control Spreadsheet

eDiscovery Spreadsheet IQ
Manager Manager Compare

Inventory &
Management & Control Optimization
Risk Assessment

Data Security, Risk Sustainable

Integrity SOD Mitigation Control

Controlled End-user Computing Environment

Combined GRC Value Proposition
Embedding spreadsheet controls into everyday business operations
mitigates risk, improves compliance, and drives process efficiency.

Risk Improved Process

Reduction Compliance Efficiency

Spreadsheet SOX 404 / Audit

Errors AS No. 5 Efficiencies

Business
Fraud Solvency II Reporting
& BI

Business
Financial
Basel II Process
Restatements
Management

Legal
Data Integrity,
Loss Events Discovery
Transparency
CFRP Rule 26
For more information, please visit
www.prodiance.com
+1.925.460.9191