Enterprise-to-Cell Technology for Spreadsheet Controls and Productivity
BEDFORD, Mass., July 10, 2007 (ERN)- CIMCON Software, Inc., the pioneering market leader in spreadsheet controls and compliance, today announced a breakthrough "Enterprise-to-Cell(TM)" technology as part of its SOX-XL Spreadsheet Controls solution. For the first time, the new technology provides spreadsheet users including authors, managers, controllers and senior management with highly visual, context-sensitive and multi-dimensional views of spreadsheet processes from the enterprise level right down to the cell level. The technology provides companies with a powerful tool to accelerate their financial close processes by providing an instantaneous and real-time snap shot of current enterprise status with deep drill-down capabilities. By providing intelligent, context-based information at the appropriate level of granularity, the new technology is expected to set a new standard for spreadsheet productivity, ease of use and user benefits that will be embraced by all stakeholders and lead to quick user adoption.
Organizations today are under increasing pressure to implement End User Computing (EUC) controls for both spreadsheets and databases in response to regulatory requirements such as Sarbanes-Oxley (Sarbox), Basel II and MiFID. Companies are evaluating spreadsheet and other EUC controls to not only comply with regulatory requirements, but also to implement spreadsheet best practices that can result in significant user benefits and productivity gains. The "Enterprise-to-Cell" technology provides organizations with the productivity benefits and business justification to implement such controls.
The SOX-XL suite of products provide the industry's most comprehensive spreadsheet lifecycle solutions from discovery, risk assessment, analysis, and controls to archiving and record retention. CIMCON Software is also the first company to provide compliance solutions for Access databases in a single integrated platform to provide our clients with one-stop End User Computing (EUC) solutions. The new technology further reinforces CIMCON's technical leadership and history of innovation while leveraging SOX-XL's proven and mature compliance platform and a 5-year history of use, and assures all current and future customers with continued productivity and business benefits.