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ClusterSeven Delivers New Anti-fraud Module for Spreadsheet Management

November 10, 2008

London & New York — ClusterSeven, an international provider of strategic solutions for compliance and risk and data management to the banking, securities, insurance, accounting and asset management industries, announced the release of a new anti-fraud module. ClusterSeven Spreadsheet Manager, a spreadsheet management enterprise system, enables senior-level auditors and managers to more effectively manage a company’s data and make more informed strategic decisions, the company says.

ClusterSeven’s automated anti-fraud module preserves the integrity of a company’s data by proactively identifying false account entries and other manipulations of users’ spreadsheets, such as concealing information through hidden rows on spreadsheets or using a white font against a similar colored background. It also enables users to identify who perpetrated the irregularity and when the incident occurred.

Through Spreadsheet Manager, the anti-fraud module offers a comprehensive capability to identify sophisticated fraud without having an impact on the performance of the users’ computers. Fraud policies are set and run through a central command feature, which cannot be turned off or manipulated by users. This alleviates the error-prone spreadsheet add-ons that are easily ignored or switched off because they run on the desktop.

Source: ClusterSeven

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