Spreadsheets are used ever more in day to day operations – so much so that businesses now find they have a large and quite often unwieldy spreadsheet estate. Intellectual Capitalists has a team of spreadsheet remediation experts who fully understand how to (i) create controls around existing spreadsheets and (ii) ensure appropriate governance is in place once the spreadsheets have been remediated. Remediation is a multi stage process that incorporates:-

• The formalising of a business wide spreadsheet management policy
• Classification and identification of spreadsheets of differing risk to prioritise workflow
• Creation of spreadsheet template with in built controls identified in the policy formalising process
• Remediation and testing of the spreadsheet estate
• Ongoing change management and governance

Our approach is built around the work our consultants have undertaken with respect to Sarbanes Oxley remediation projects within the Financial Services industry. This is particularly important due to the impending ‘Sox lite’ legislation to be enacted by the EU, legislation which will replace the EU 8th Company Law Directive.