Reducing Spreadsheet Risk

Spreadsheets play a fundamental role in the management systems of organisations worldwide. Much of the key information used by businesses in decision-making and project management is underpinned by countless thousands of spreadsheets generated by many individuals throughout the organisation.

However many organisations are unaware that their corporate spreadsheets or models are not designed, maintained or controlled to a level which complies with international best-practice. Indeed poor spreadsheet modelling and human error in the design and control of spreadsheets can pose serious risks to a business.

Undetected flaws in spreadsheets give unreliable management information which can lead to unsound business decisions and lost revenue. Furthermore, uncontrolled and untested spreadsheets can leave an organisation open to fraud and tampering, as well as difficulties in demonstrating regulatory compliance.

Product Testimonial

Spreadsheet Safe™ is a well thought out validation/certification syllabus for use by all but the most inexperienced spreadsheet users. It provides a broad coverage embracing the major risks in spreadsheet use. It contains numerous learning points that address the common and significant weaknesses found in the work of experienced spreadsheet users.

Spreadsheet Safe™ is the minimum certification standard applicable for spreadsheet users who work with key or critical spreadsheets in any industry. Completion of the Spreadsheet Safe™ certification process provides an assurance that spreadsheets produced or controlled by graduates of the syllabus are more likely to be fit for purpose and, in certain circumstances, safe for use.

Grenville Croll, Managing Director Spreadsheet Engineering Ltd,
http://www.spreadsheetrisks.com/