Excel Risk Management With Nooxl
The risks of excel end user computing (EUC)
Microsoft Excel and Microsoft Access are the most important EUC products.
EUC is also a deliberate counter-strategy to an all-encompassing centralization of IT tasks. It can contribute significantly to cost savings and increased efficiency within a company.
EUC involves the risk of a shortage of transparency and traceability, as well as a lack of access to important corporate data.
For many industries (e.g., financial services, healthcare, pharmaceuticals), there are a number of regulations (e.g., GDPR, CCPA, BCBS 239) on risk management in the EUC. For all other companies, it should be part of the "best practices".
Complete excel spreadsheet control with Nooxl
Nooxl is much more than just an "Excel Inventory"
Typical EUC risk
management solutions are usually limited to file management, i.e. the
spreadsheet files are inventoried and file information is reported.
A significant advantage
of Nooxl is that the cell data is stored centrally in a database and is
available across files, e.g. for business intelligence and reporting,
but also in other spreadsheets.
Nooxl also enables the
user to store documents and images directly in cells for better
traceability of decision-making processes.
Nooxl automates many mass
processes with spreadsheets such as copying, recalculating, versioning,
exporting, imports, PDF creation, status changes, data-driven
permission adjustments, invitation emails.
The role- and group-based
authorization system in Nooxl allows access and change options to be
controlled down to the cell level.
Through the histories in
Nooxl, previous versions of spreadsheet files and data can be accessed
at any time and changes can be specifically undone.
MS Access applications can also be recreated in Nooxl.