CIMCON technology will enhance Aruvio's GRC solution in an industry first
BOSTON and ATLANTA, Oct. 29, 2014 /PRNewswire/ — Aruvio, a leading provider of cloud-based Governance, Risk and Compliance (GRC) solutions, announced today that it has selected CIMCON's spreadsheet management technology for integration with its cloud-based GRC solution. CIMCON Software, the recognized Global Market Leader that pioneered spreadsheet management technology, will enhance the Aruvio GRC offering, allowing Aruvio customers the ability to manage their spreadsheets on the Aruvio GRC platform, with tools for inventory, risk assessment and data lineage, integrity checks, and change management.
"Spreadsheet GRC continues to gain importance every day in an era of increasing spreadsheet complexity, dynamic market conditions, regulations and spreadsheet incidents," said Sanjay Agrawal, Director. "Until now, Spreadsheet Management and GRC have been viewed as disparate point solutions, instead of a single, holistic system where the enormous risks lurking in spreadsheets can be quickly and easily identified, along with other risks. In an industry first, the Aruvio platform, combined with CIMCON's spreadsheet technology, will offer customers these benefits of an integrated solution."
"We are excited about partnering with CIMCON to provide greater GRC capabilities to our clients," said Palaniswamy "Raj" Rajan, CEO of Aruvio. "Aruvio's cloud-based set of governance, risk and compliance applications assess risk, visualize controls, handle vendors and demonstrate compliance. As enterprises and their data are faced with increasingly challenging legal and third party scrutiny, we are seeing increasing interest in spreadsheet management from many of our clients. CIMCON helps Aruvio provide stronger integrity over spreadsheet data, a key component of GRC for our clients."
With over two decades of innovation, experience and knowledge, CIMCON Software pioneered spreadsheet management and controls and today is recognized as a market leader in the category by leading market analysts and experts. CIMCON has been voted #1 in the category of "Spreadsheet ComplianceProducts" for two consecutive years by the readers of Operational Risk & Regulation magazine. In 2012, CIMCON was also voted #1 in the category of "Sarbanes-Oxley Products."
CIMCON's spreadsheet risk management technology is a de facto industry standard with the largest installed global client base of over 325 companies. The company's many innovations include using risk factors to assess and rank spreadsheet risk, and providing compliance solutions for Access databases in a single integrated platform.
For more information about CIMCON Software, please visit www.sarbox-solutions.com.
Aruvio is a leading provider of enhanced, cloud-based governance, risk and compliance solutions across enterprise IT, finance, operations and legal domains. The company builds and maintains a single, unified record system for compliance, quality, risks and incidents. Advanced reporting capabilities generate rapid performance data and accurate risk-related metrics for developing and managing compliance and quality processes. For more information about Aruvio, please visit www.aruvio.com.