Apparity provides EUC solutions for organizations in the financial services, insurance, and utility industries.
Apparity’s spreadsheet and end user computing (EUC) management platform helps organizations scan, inventory, manage, and continually track EUC files.
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 applications (EUCAs) 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 risk management 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 tool that secures their most critical files, while empowering their end users to get the job done.
Spreadsheets are a key tool in financial services organizations. Regulatory mandates such as Basel III, Solvency II, DFAST, and CCAR force financial institutions to evaluate how they manage their unstructured data in a rigorous control framework.
The Patient Protection and Affordable Care Act fundamentally changed the direction of healthcare. As a result, this shift increased the need for healthcare finance teams to provide due diligence in their internal control framework, which often includes spreadsheets or other EUCAs that are prone to errors.
Utility companies use Excel spreadsheets to consolidate financial information, energy trading, and operational data from different regional systems. Sarbanes-Oxley and 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.