Spreadsheet
risk is the risk of financial, legal, operational and/or
reputational cost to an organization resulting from errors in
spreadsheets.
Millions of dollars have been lost and/or defrauded, people
have been fired, legal battles have erupted and public
images damaged because
of errors in spreadsheets.
The greatest strength of spreadsheets; their power and flexibility,
combined with self-taught employees and a lack of organizational
awareness is at the root of the problem.
Almost any employee can quickly develop a spreadsheet that saves time,
money and effort, but few will build a low-risk, robust, error-free
spreadsheet.
(Academic research has found spreadsheet error rates ranging
between 64% and 100%. Many of these errors were rated “very
significant”.)
We offer the following services to help our clients manage their
spreadsheet risks:
- NEW!!
- Spreadsheet Risk Lunch N' Learn
- Lead or participate of your
spreadsheet risk management project team
- Consult, design, write
spreadsheet risk management policies, procedures,
processes
- Provide seminars and training
on risk awareness, best-practise design and spreadsheet auditing
- Spreadsheet clean-up
(auditing, best-practice compliance, streamline)
- Spreadsheet-based process
automation
- Training:
Spreadsheet Auditing
- Training:
Building Standards-compliant Spreadsheets
Contact Us for more information
and/or to arrange a free
consultation.
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