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Risk Integrated Enterprise Spreadsheet Platform

By: Philip Howard
Format: InBrief
Published: May 2007

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Risk Integrated is a consulting company that specialises in financial risk assessment and management, particularly in the banking and financial sectors. Because many organisations within this sector use spreadsheet models from such things as deal structuring or real estate modelling the company has developed software, known as the Enterprise Spreadsheet Platform (ESP), in order to assist its clients.

Risk Integrated, coming as it does from the perspective of risk management, takes a somewhat different approach from many other companies addressing the question of enterprise spreadsheet management. It takes the position that in the markets at which it is aimed, the developers of spreadsheet models are not only skilled in the use of Excel but that there are appropriate mechanisms in place to ensure that spreadsheets are adequately tested and checked prior to deployment. What ESP aims to do is to take the risk element out of the equation in so far as users of those spreadsheets are concerned, both in terms of data entry and deployment.

Note that ESP is neither a compliance tool (providing detailed audit trails and change tracking and/or management) nor an auditor’s tool (for error detection, spreadsheet comparison and so forth). It is complementary to both of these types of products.