Prodiance Enterprise Spreadsheet Manager:
Improving Audit Efficiency and Accelerating the Close Process
Organizations using uncontrolled spreadsheets in critical business processes including financial reporting, closing the books, tax cycle, reconciliations, cash flow analysis, appraisals, revenue recognition, consolidation, and many others are exposed to significant operational risk and non-compliance with regulatory mandates including SOX 404, FDICIA, OCC, FSA, and MiFID. Leading tax and audit firms recommend that organizations establish effective internal controls to help mitigate these risks.
Prodiance Enterprise Spreadsheet Manager is an enterprise class risk and compliance management system for mission critical spreadsheets and Access databases. Prodiance Enterprise Spreadsheet Manager delivers powerful capabilities to help embed the proper safeguards and controls for critical spreadsheets into your everyday business operations, while improving spreadsheet integrity and providing visibility through management reports. The benefit to your organization is improved audit efficiency, effective risk mitigation, and faster closes.
Key Features and Benefits
- Non-invasive, web based user experience
- Comprehensive cell level audit trails track and report on changes to spreadsheets and Access databases
- Automated version control
- Role-based security and access control
- User input control and cell level security
- Graphical comparison of versions
- Seamless integration with Microsoft SharePoint technologies for document management and collaboration
- Workflow to automate review and approval processes
- Proactive email alerts and notifications
- Purging and archival of previous versions
- Graphical dashboards with drill down into detailed management reports
- Web based administration
Non-invasive for End Users Prodiance Enterprise Spreadsheet Manager is entirely web-based, which means there is no software to install on end user desktops, no impact on spreadsheet performance, and no change impact to existing business processes. The system is IT friendly and designed for both departmental installations and global deployments.
Satisfies Auditor Guidance & Compliance Mandates Prodiance Enterprise Spreadsheet Manager was designed in close partnership with Microsoft and leading tax and audit firms to satisfy compliance mandates for SOX 404, so key controls including change control, access control, version control, input control, overall analytics, back-up and archival, documentation, security and data integrity, and segregation of duties/roles/procedures are built-in. The result is that your mission critical spreadsheets are managed with the highest level of file integrity and trust throughout their lifecycle.
Flexible File Storage Options Prodiance Enterprise Spreadsheet Manager supports storing files on corporate file shares to satisfy auditor compliance mandates; however, it also delivers advanced document management and collaboration features through native integration with Microsoft Office SharePoint Server 2007.
Automate Review & Approval Processes To help speed review, approval, and signoff on spreadsheet changes, Prodiance Enterprise Spreadsheet Manager incorporates powerful workflow capabilities. Dashboards and automated reports help management teams and auditors track approvals, and manage exceptions. Integration with Microsoft Office and email ensures that users continue to work in their native environment, promoting ease-of-use and end user adoption.
Ready to Take the Next Step? Sign up for an online seminar or contact a Prodiance representative to schedule your personalized product demonstration today!