If you are responsible for spreadsheet risk in your company, your problems are likely to include:-

Large Quantity of Regulation and New Legislation

Variety of Suppliers of Different Systems

Fixed Budget for all Spreadsheet Risk Management issues

In addition, like many responsible for managing spreadsheet risk, you may not be an expert in this area. Compliance specialists working in this area often feel they lack enough technical knowledge about spreadsheets. Similarly, IT directors sometimes feel they lack the time and expertise to get to grips with the legislation.

The sheer quantity of legislation and regulation is a major problem in itself. It is easy to feel swamped by the rules, all of which seems to include sections on operational risk that impact the way you use spreadsheets.

Fortunately, there is some good news. For spreadsheets, the requirements of much of the legislation are related. Any product or system used to attain compliance in one area should ideally contribute towards compliance in another.

Unfortunately, there is no 'one-size fits-all' solution which will enable you to comply with all of the legislation and regulation that affects your firm. There is no 'cookie-cutter' Spreadsheet Risk Management (SRM™) system that works for everybody.

What works for an investment bank implementing a Basel II solution is unlikely to be appropriate to a hedge fund with a listing in the US. We can help you choose the right solution for you.

Unlike most advisory firms, we are also practitioners of spreadsheet and financial modelling. Not only do we understand what works in practice but there's a good chance we've seen the problem solved before.