For the last 20 years, spreadsheets have remained the most ubiquitous and highly leveraged application within any organization worldwide. Companies continue to use spreadsheets and other end-user computing applications (EUCAs), such as access databases as a fundamental part of their business operations. However, EUCAs, and spreadsheets in particular, are typically poorly governed. As a result, key data and information held in the EUCA can expose companies to financial, regulatory and operational risks. Best practice mandates the development, implementation and maintenance of a control framework that aligns the policy and monitoring process with EUCA discovery and risk assessment. This allows for the implementation of integrity controls, accurate tracking and version control and the ability to enforce change management workflow to the highest risk spreadsheets and EUCAs, which provides company-wide EUCA policy and procedure compliance.
Apparity is the only EUCA Governance and Controls platform that can deliver Active Management across all mission critical spreadsheets, seamlessly scaling from a single regional server to the multi-server, synchronized global enterprise, ensuring adherence to local regulatory frameworks such as IFRSl 7, SOX, FINRA, Dodd Frank as well as compliance with unique nation state data protection laws.
The Apparity platform is a built for purpose technology that is configured to meet the demands of the largest institution. Beginning with Discovery, Risk Assessment, Registration and Inventory Management and augmented where necessary with the most accurate file tracking, version and change management workflow and controls available in the marketplace.
Optimal Spreadsheet Management
The Apparity platform allows companies to securely monitor and report on all the significant change events that occur within the life cycle of all high-risk spreadsheets without interfering with the user experience, spreadsheet content or existing office operations. The change management capabilities are supported by a review and approval workflow process that leverages existing organizational management structures and provides governance teams with a real time view into what significant changes have and have not been approved.
Optimal spreadsheet management is not just a function of smart technology. An effective, accurate and user-friendly spreadsheet management solution must be first designed, configured and deployed, while working within the unique demands, constraints and goals of the organization. Before the Apparity platform and its three key modules of Discovery and Inventory, Registration and Active Management are implemented, the Apparity Professional Services team will deliver a series of best practice workshops to the customer’s key stakeholders that reviews the current state, understands the future state and provides advice and guidance, based on industry best practice to ensure the most effective and rapid transition from the old to the new.