ClusterSevern, a provider of solutions for compliance, risk and data management, announced that it has unveiled a new automated anti-fraud software module for its ClusterSeven Spreadsheet Manager.

 

ClusterSeven said its new anti-fraud module for the Etnerprise Spreadsheet Manager has the capability to identify 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. This helps in conserving the integrity of a company's data and as well helps in managing governance, risk and regulatory compliance obligations more effectively. All these together generate more revenue for the company, enhance staff efficiency and as well increases productivity.

 

ClusterSeven Spreadsheet Manager is a spreadsheet management enterprise system, which facilitates senior-level auditors and managers to effectively manage the company's data. It also helps them in making knowledgeable strategic decisions.

  

The new automated anti-fraud module provides a comprehensive capability to identify sophisticated fraud - without disturbing the performance of the users' computers, via ClusterSeven Spreadsheet Manager. The software module can as well identify who committed the misdeed and when was it done. It can keep watch on any spreadsheets - from Excel spreadsheets across the enterprise to on-line spreadsheets such as Google (News - Alert).

 

Inside the anti-fraud module, fraud policies are set and are run through a central command feature. This feature can neither be turned off nor manipulated by users. This helps in alleviating error-prone spreadsheet add-ons, which can be easily ignored or switched off because they run on the desktop.

 

Other key benefits of the ClusterSeven Spreadsheet Manager with anti-fraud module include: audit point closure, which eliminates audit and regulatory concerns; four-tire protection; active control system; adjustable approval criteria; non-resistance operation; and easy access to business history.
 
"ClusterSeven Spreadsheet Manager's anti-fraud module is designed to simplify users' fraud detection processes and yet provide an enhanced level of protection for spreadsheet data," said Ralph Baxter, CEO of ClusterSeven. "During times of financial stress fraud is perpetrated by a growing number of companies and unscrupulous individuals. This makes it essential that CFOs and auditors have practical, thorough tools for protecting spreadsheet data and providing a greater degree of transparency."