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ClusterSeven awarded 2013 GRC Value award in Information and Data Governance by research firm GRC 20/20
[November 05, 2013]

ClusterSeven awarded 2013 GRC Value award in Information and Data Governance by research firm GRC 20/20


(M2 PressWIRE Via Acquire Media NewsEdge) London - ClusterSeven's Enterprise Spreadsheet Manager (ESM), a data management solution for businesses, audit firms and financial institutions, has been awarded the 2013 GRC Value award in Information and Data Governance by US research firm GRC 20/20.



In bestowing the award to ClusterSeven, GRC 20/20 cited a European-based global banking and financial services company which, as part of improving controls over its core financial processes, was required to demonstrate control over business-critical spreadsheets in trading, risk management, product control and finance. ClusterSeven ESM was implemented to provide the required control and transparency. Short-term benefits of the implementation were shown with a 1.5x ROI within one year, and a 3.5x expected return projection based on risk avoidance figures.

Ralph Baxter, CEO at ClusterSeven, said: "We offer a unique solution on a global basis to institutions across a range of industries and sectors. The award from GRC 20/20 is excellent recognition of the investment ClusterSeven has made in helping institutions cost-effectively meet regulatory and market demands for best practice data management. We continue to see strong demand for our range of solutions, and have signed a number of major new clients in 2013." London and New York based ClusterSeven now has a third of the world's top 30 banks as clients as well as leading insurers, asset managers and energy companies. It was the first company to provide a control solution for the strategically important spreadsheets found in complex and dynamic financial services institutions. This gives functions such as finance, risk, and internal audit confidence in the integrity of their firm's data while also offering substantial savings on the time and resources used to check data processes and accuracy.


About ClusterSeven ClusterSeven (London and New York) provides enterprise-wide, strategic spreadsheet and data management software to financial institutions and Fortune 500 financial reporting divisions. ClusterSeven's software non-intrusively monitors and tracks spreadsheets to enable users to more effectively manage governance, risk and regulatory compliance obligations in order to generate revenue, enhance staff efficiency and boost productivity.

For more information about the company, visit www.clusterseven.com. For a demonstration please visit Get Started.

For further information (ClusterSeven): Hugh Fasken / Paul Griffin - Citigate Dewe Rogerson, 020 7638 9571 David Sells DDI: +44 (0)20 7282 2863 Tel: +44 (0)20 7638 9571 Citigate Dewe Rogerson 3 London Wall Buildings London Wall London EC2M 5SY www.citigatedewerogerson.co.uk ((M2 Communications disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.com on the world wide web. Inquiries to [email protected])).

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