Abstract
This IDC Buyer Case Study describes a global, United States-based, financial
services company' s use of ClusterSeven to provide a control environment for key
spreadsheet-based financial reporting processes.
A priority for many organizations in the wake of numerous financial reporting
regulations is the refinement of financial processes and reporting of results.
One financial services firm discussed with IDC the role of spreadsheets in its
financial reporting process and its initiative to achieve best practices in
financial reporting, which includes increased controls over spreadsheets. The
company chose ClusterSeven for its ability to monitor and control spreadsheets.
This study describes the challenges that spreadsheets posed for this
organization and the decision to use software to manage the spreadsheet
environment. It also describes how financial end users gained new insight,
control, and time savings in manipulating spreadsheets, which is leading to a
rollout of the solution in other departments.
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