Spreadsheet Replacement - Flexible, Auditable, Secure

Regulation, such as Sarbanes-Oxley, is forcing companies to examine and validate their use of spreadsheets to ensure effective financial reporting and transparency.

Statistics exist revealing that as many as 94% of spreadsheets contain errors* but users like spreadsheets. Often constrained by the hard-coded and inflexible environment presented by core processing systems, users have become adept at solving problems outside the remit of those systems with the spreadsheet. Unfortunately, most spreadsheets evolve from simple-to-use worksheets into unmanageable and unsupportable documents.

Microgen Aptitude is architected so that a user can readily understand the business logic, rather than being buried in code. It provides the user with standard operands and formulae and a method of quickly building and maintaining a centralised and independent repository of financial and business rules. This can be used across all products and business lines, readily integrating legacy applications and spreadsheets, so existing data silos need not be replicated.

Benefits:

User-flexibility and speed in addressing business change
Transparent and auditable
Easy to test
High performance and scalability
Role-based and multi-user security
Speed and ease of training
Open data integration capability

* Source:Jan 2005 What we know about spreadsheet Errors Raymond R Panko University of Hawaii

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