Reducing Spreadsheet & Other End-User Computing Risk
                     Reducing 
Spreadsheet & 
Other End-User 
Computing 
Risk
Do you think that any of your critical 
business processes are vulnerable to a 
spreadsheet error? Or perhaps, has the 
number of models (including artificial 
intelligence) proliferated to the point 
where it’s difficult to understand your 
risk exposure (never mind reduce it)? If 
yes, there is something you can do.
How can I reduce my EUC Risk in 
2019? 
Now that we have transitioned to the new business year, here are a 
few different ways to think about EUC Risk and how you might 
mitigate it:
Reducing the risk associated with spreadsheet errors isn’t about 
getting rid of all the spreadsheets (which we would argue is not 
practical). You should be thinking about
• How can you give your staff better tools for them to self-check 
and systematically find the errors before they get passed through 
to you?
• For critical business processes, how can you put some basic 
controls in place that will reduce the likelihood of human error 
when using Excel?
The use of models is exploding and this trend shows no signs of 
diminishing. In addition, artificial intelligence and machine learning 
further expands your model risk. There are two questions that 
deserve answers:
• Do you know which of your customer-facing business processes 
incorporate artificial intelligence and could impact your 
company’s reputation?
• For your current model risk management framework, have you 
recently evaluated how technology can lower the cost of 
compliance while enabling more effective governance?
Robotic Process Automation (RPA) is being used everywhere to 
transform finance and take the cost out of manually intensive work 
processes. As you take the people out, you will have reduced the 
likelihood of human errors. But how do you know the automation 
program itself is accurate and/or hasn’t been corrupted? If there is 
an RPA issue, the automation will amplify any associated negative 
im•pDaoct y. ou have any visibility into how RPA is being used within your 
financial reporting processes?
• Since RPA applications are typically not managed by IT, who is 
managing this particular EUC risk?
Is your company moving end-user applications and files like Word 
and Excel into the cloud? If yes, how will you identify those critical 
spreadsheets that will no longer operate correctly once they are 
relocated (because the links to other spreadsheets and data sources 
are inoperable)?
We are currently helping customers address these and other 
challenges relating to the use of computing applications that are 
developed and controlled by end-users in the line of business. If you 
have any interest in learning more, please do not hesitate to contact 
us or visit our resources page.
About Us
Established in 1988, CIMCON Software, LLC is a pioneer in end-user 
computing and model risk management, serving over 800 companies 
across industries. Recognized by Gartner, Insurance ERM, and others 
as a top risk management vendor, CIMCON brings 25+ years of 
experience and industry best practices to support AI & GenAI 
readiness and governance. With the largest global installed base, our 
feature-rich, extensively tested solutions offer unmatched depth, 
support, and reliability.
Contact Us
Boston (Corporate Office)
+1 (978) 692-9868
234 Littleton Road  Westford, MA 01886, 
USA
New York
+1 (978) 496 7230
394 Broadway New York, NY 10013
Thank You