Spreadsheet Governance2018-04-30T16:02:04+00:00

Case Study Example

Spreadsheet Governance

A robust spreadsheet governance policy will identify where in your business spreadsheets are being used and how critical those spreadsheets are to the business operations. Traditionally, this process is conducted through surveys and face-to-face meetings with key operational managers.

Once spreadsheets have been identified and assessed, they are typically assigned a ranking of criticality to the business. Normally the ranking system has three levels of criticality; low, medium and high. Spreadsheets will be subjected to further checks and controls depending on their level of criticality to ensure sufficient risk mitigation.

The Result: an organisation will have assessed spreadsheet usage at a certain point in time and established a governance framework that is subject to ongoing reviews and controls.

The Problem: spreadsheets can be harnessed in ways that no risk managers will think about. Furthermore, individuals can create spreadsheets faster than stakeholders can understand their impact to the business.  Without a data-driven approach it can be difficult to identify the magnitude and type of risk a spreadsheet represents to an organisation.

How HUB85 solves this use case

Because the use of spreadsheets is so dynamic, we believe that an automated, data driven approach is vital to identify and mitigate risk. Surveys and face-to-face meetings do support a robust governance framework however these methods are too labour intensive to interrogate and continually assess the risk a spreadsheet poses to the organisation. Furthermore, the criticality of a spreadsheet can change over time. HUB85 solves this problem by providing a governance solution complete with a wide-ranging toolkit to efficiently assess criticality and monitor risks in multiple dimensions.

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