Investec Bank has chosen ClusterSeven’s Enterprise Spreadsheet Management (ESM) software to provide control for its key business spreadsheets and the data they manipulate.
Using ClusterSeven’s computing management solutions, financial services firms will be able to maintain the transparency and integrity of their spreadsheets and data files.
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It will also enable firms to boost productivity and business insight and to reduce operational risk.
The implementation of ClusterSeven’s software will also explore new business trends via greater analysis of Investec’s financial data.
Bernard Fromson, head of analytics, corporate and institutional banking at Investec, said: "In addition to improving the operational control and governance of our business spreadsheet activity, we are particularly interested in using ClusterSeven’s software to explore new business trends through greater analysis of our financial data."
Ralph Baxter, CEO of ClusterSeven, said: "Increasing emphasis on risk management and data quality has exposed spreadsheet management as a major opportunity to reduce operational risk and deliver efficiencies."
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