Excel Risk Management With Nooxl

The risks of excel end user computing (EUC)

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End user computing (EUC) refers to the autonomous and permissive use of software on the end user's computer in companies.
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.