Three Step Process Recognized for Reducing Enterprise Spreadsheet Risk
BOSTON and LONDON, Oct. 29, 2015 /PRNewswire/ — CIMCON Software, Inc., the recognized Global Market Leader that pioneered Spreadsheet Governance, Risk and Compliance (GRC), today announced that it has been named one of the Top 20 Compliance Providers by CIO Review magazine in its recent September 2015 issue. A technology magazine that focuses on enterprise solutions, CIO Review is the leading unbiased source for technology decision makers.
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CIO Review describes the selection process and companies that made the Top 20 as "Having been closely scrutinized by a distinct panel of judges, including CEOs, CIOs, CXOs, analysts and CIO Review editorial board, these companies ensure that the businesses fulfill regulatory business compliance through successful corporate compliance management solutions."
CIMCON's three-step process comprises of creating a complete and accurate inventory of all spreadsheets and other End User Computing (EUC) files concurrently with automated risk assessment and link mapping, performing EUC integrity checks, and implementing controls with change management, version control, review/approvals, documentation and compliance reporting.
"We are pleased with the latest recognition of CIMCON's market leadership by CIO Review magazine," said Sanjay Agrawal, Director. "Since pioneering the EUC Management segment 18 years ago, CIMCON continues to lead the way with our modular yet integrated set of highly scalable tools."
Incorporated in 1996, CIMCON Software pioneered spreadsheet management and controls and continues to set industry standards with its innovation, thought leadership and experience. Over the last 18 years, it has consistently been recognized as the market leader by leading market analysts and customers. CIMCON was voted #1 in the category of "Spreadsheet Compliance Products" 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."
Providing a complete set of one-stop EUC life cycle solutions, CIMCON's EUC Management Suite is a de facto industry standard. Customers include the world's largest financial institutions in banking, asset management and insurance. The company's many innovations include using risk factors to assess risk; providing compliance solutions for Access databases in a single platform; a thought leadership portal www.spreadsheetcontrols.org, and a mobile app containing the Solvency II Directive. For more information, please visit www.sarbox-solutions.com.
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