The new functionality is available in v4.0, the latest version of ClusterSevenâs enterprise spreadsheet management software, which is currently shipping and running in production mode with existing customers.
âWe manage spreadsheets that range from the worldâs largest and most sophisticated to the smallest and most simple. Protecting business-critical content avoids errors that may cost millions in reputation or profits,â says Steve Semenzato, CEO, ClusterSeven. âWe have found a way to enhance the protection capabilities of Excel without having to install any extra software in the spreadsheet or on the desktop.â
âThe challenge of ensuring security in spreadsheets has been a problem for the business and IT community for many years. Only a business that has spent the time understanding the variety of what finance departments do could get it right,â says Ralph Baxter, senior VP of product management. âOur customers like our non-invasive approach to managing spreadsheets but they also require protection against untoward changes in the first place.â
Regulators such as Sarbanes Oxley (SOX) and the Financial Services Authority (FSA) command that firms demonstrate clear segregation of duties in all financial processes between users who create information and users who benefit from it. Some spreadsheet-based business processes require the freedom of complete flexibility and can support the cost of additional activity to ensure that changes are not detrimental to the business. Others are best managed by being locked down â in all or part â a much cheaper way of ensuring integrity. Unfortunately Excel, powerful as it may be, cannot lock cell level information as securely as a firm requires and this is what ClusterSeven has solved. Spreadsheet control is now no longer a choice of âone size to fit allâ. ClusterSeven offers the right balance of control and innovation, whatever the business process.