Global Investment Bank Automates Spreadsheet Compliance with Prodiance

San Ramon, Calif - 2 April 2007

Prodiance Corporation, the leading provider of solutions for enterprise spreadsheet compliance, today announced that a major global investment bank with offices in New York and London has selected the Prodiance Spreadsheet Compliance Edition solution to automate internal controls and improve risk management over critical financial spreadsheets.

“We evaluated several spreadsheet management solutions, and found Prodiance to be the most comprehensive solution to meet our needs for improving security, change management, and automation of spreadsheet review and approval processes,” said the bank’s corporate controller. “The Prodiance Spreadsheet Compliance Edition solution is proven and has an excellent track record, and the company's understanding of our unique needs and commitment to our success sets them apart from the competition. The solution establishes a controlled environment for all critical financial spreadsheets, leading to increased visibility into changes made by end users and improved confidence in knowing the data they contain is accurate and trusted.”

"More and more financial institutions are turning the Prodiance to help them automate internal controls over critical financial spreadsheets," said Dr. Soheil Saadat, president and CEO of Prodiance Corporation. "We’re delighted to have the bank on board as a key customer and a strategic business partner. Their proactive approach to automating spreadsheet controls makes them a leader and innovator in continuous process improvement, sound corporate governance, and best execution.”

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development