Apparity provides solutions addressing EUC controls and governance across many verticals and global regulations.
Apparity’s spreadsheet and end user computing (EUC) management platform helps organizations scan, inventory, and place controls around EUCs.
Spreadsheet related processes are often overlooked when it comes to regulations such as Sarbanes-Oxley (SOX) or the EU’s General Data Protection Regulations (GDPR). In heavily regulated industries, it makes sense to use a tool that addresses underlying vulnerabilities and safeguards your files to ensure compliance.
Spreadsheets are highly leveraged and a fundamental part of business operations worldwide. However, spreadsheets and other end user computing (EUC) applications are often poorly managed. That leaves companies exposed to financial, regulatory, and operational risks.
EUCs pose a unique risk to companies because they fall outside of traditional internal controls. As a result, they go unnoticed. Organizations tasked with updating existing EUC controls or implementing an EUC policy for the first time need a solution and expertise that is comprehensive in reducing risk.
Spreadsheets are a key tool in banking. Regulatory mandates such as Basel III, DFAST and CCAR force banks to evaluate how they manage their end user applications in a rigorous control framework.
As many insurers come to learn, spreadsheets and other EUC applications lack controls. Applying them manually is far too heavy a burden given their complexity. This contributes to data quality issues, a lack of ownership visibility, and unclear access rights. Furthermore, many regulators require historical detail to gauge completeness— something Excel does not offer.
Utility companies use Excel spreadsheets to consolidate financial information, energy trading, and operational data from different regional systems. Regulatory agencies require companies to use a rigorous control framework to make sure that financial reporting, rate case details, energy trade confirmations, and commodity commitments are sound and accurate.