Lyquidity partners with Spreadsheet Detective to enhance ComplyXL Enterprise for spreadsheet management and compliance

New York, London - 25 June 2007

Lyquidity Solutions, specialists in the control, management and compliance of Excel spreadsheets, and providers of business critical solutions for regulatory and accounting issues, today announced their partnership with The Spreadsheet Detective. Spreadsheet Detective is a leading tool for the audit and documentation of Microsoft Excel spreadsheets which is used by hundreds of diverse businesses such as General Motors, Babcock and Brown and Marathon Oil.

As corporations depend on key spreadsheets for daily business analysis and reporting, the need to be able to track and manage changes is great, especially in light of Sarbanes Oxley. ComplyXL provides line and compliance managers with a simple way to control, track and report on changes made to spreadsheets anywhere in an organisation. By partnering with the Spreadsheet Detective Lyquidity is able to provide a single solution to meet the needs of compliance, risk and line managers.

Auditing spreadsheets

It is notoriously difficult to confirm that a spreadsheet is calculating results in the way that was intended. Undetected errors have caused large financial losses and expensive litigation. By being able to include spreadsheet audit functions ComplyXL is able to help organizations ensure the correctness of any spreadsheet created using Microsoft Excel. The additional features automate documentation of spreadsheet and highlight any potential calculation mistakes, mistakes that can accumulate as spreadsheets are changed. By being able to track changes and identify errors ComplyXL is able to provide a robust platform for compliance needs.

Lyquidity has made available full presentations showing all aspects of ComplyXL. This gives users a deeper understanding of the software and how it can be deployed.

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development