SOX News

ComplyXL Incorporates Discovery Monitoring, Analysis and Full Reporting Enhancements for Pro-Active Compliance for All Spreadsheets

(Oct 23, 2007)-- Lyquidity Solutions, unveiled ComplyXL Enterprise that incorporates a full range of tools for organizations to track, monitor and analyze their spreadsheets. Version 2.3 of ComplyXL Enterprise adds Active Monitoring, Spreadsheet Discovery, drag-and-drop Business Intelligences features for analysis among many other changes to improve users' confidence in their compliance with Sarbanes Oxley and other governance legislation.

"The enhancements in ComplyXL Enterprise are client driven and together allow line and compliance managers to become more aware of the changes happening to key documents that may be used in external reporting and decision making. Users can configure the software to act pro-actively as a safeguard so it doesn't matter if managers are out of the office or in meetings because change notifications can either be sent as an email, IM or even SMS," said Sandy Marshall, Product Manager for ComplyXL at Lyquidity.

ComplyXL Enterprise key features and benefits:

- Active Monitoring of spreadsheets allows users to subscribe to receive automated notifications when a spreadsheet has changed. Notifications can be received by email, IM or SMS. This active approach allows managers to get on with their job knowing ComplyXL will act as their safeguard.

- Spreadsheet discovery provides managers with the tool needed to find spreadsheets wherever they are on their systems. ComplyXL automatically builds an inventory of spreadsheets that can be categorized as, for example, high or low risk. Managers can also decide whether future changes to discovered spreadsheets should be monitored.

- Change tracking with ComplyXL is automatic. Users can review changes down to individual cells, worksheets or whole workbooks. Comments and user information are recorded with updates so reviewers can see and report the reason for change and the individuals making changes.

- Role based security allows managers to control access and rights to workbooks. This can be used for reporting, with the history of access rights tracked.

- Faster analysis allows users to review spreadsheets containing thousands of rows and hundreds of columns for changes and exceptions in real-time.

- Flexible reporting uses Business Intelligence style analysis for spreadsheet change reviews. Reports are designed on-screen using simple drag-and-drop techniques to select the columns and change details that will be included and to group and sort the information to be printed.

- Snapshots saved for Sarbanes Oxley compliance. Users can create change reports and save them to create a permanent audit trail for compliance.

Share or bookmarklet this web page at: