News
Global Investment Bank Automates Spreadsheet Compliance with Prodiance
San Ramon, Calif. – April 2, 2007 – Prodiance Corporation, the leading provider of solutions for enterprise spreadsheet compliance, today announced that a major global investment bank with offices in New York and London has selected the Prodiance Spreadsheet Compliance Edition solution to automate internal controls and improve risk management over critical financial spreadsheets.
“We evaluated several spreadsheet management solutions, and found Prodiance to be the most comprehensive solution to meet our needs for improving security, change management, and automation of spreadsheet review and approval processes,” said the bank’s corporate controller. “The Prodiance Spreadsheet Compliance Edition solution is proven and has an excellent track record, and the company's understanding of our unique needs and commitment to our success sets them apart from the competition. The solution establishes a controlled environment for all critical financial spreadsheets, leading to increased visibility into changes made by end users and improved confidence in knowing the data they contain is accurate and trusted.”
"More and more financial institutions are turning the Prodiance to help them automate internal controls over critical financial spreadsheets," said Dr. Soheil Saadat, president and CEO of Prodiance Corporation. "We’re delighted to have the bank on board as a key customer and a strategic business partner. Their proactive approach to automating spreadsheet controls makes them a leader and innovator in continuous process improvement, sound corporate governance, and best execution.”
About Prodiance
Prodiance Corporation is a world leader in delivering comprehensive solutions and best practices for improving compliance with today’s corporate, regulatory and legal mandates, and boosting productivity for knowledge workers. With proven technologies and solutions for financial spreadsheet control and remediation, management of electronic evidence, automation of key business processes, and federated search for eDiscovery, Prodiance leverages a 15-year history in delivering solutions for highly-regulated markets. Organizations across the financial, legal, food and beverage, telecommunications, entertainment, aerospace and defense, health care, educational, manufacturing, and engineering & construction markets have trusted Prodiance as a strategic partner to achieve their goals – driving down the cost of compliance, achieving better visibility and control over critical information and key business processes. Prodiance Corporation is an independent, privately held corporation based in San Ramon, California. Additional news and information about Prodiance solutions, products and services is available at www.prodiance.com or by calling 1-866-569-5678.
Prodiance PR Contact:
Eric
Perry
Vice President, Marketing
Tel. +1-866-569-5678
email: eric.perry@prodiance.com
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