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Ormetis

Cover for Ormetis

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Classification: InBrief

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Spreadsheets are widely used within many
business processes. However, these processes
often lack rigour. There are various steps to
be gone through in terms of loading data into
spreadsheets and manipulating that data, often
involving operations such as cut and paste,
but this is not enforced or governed in any way.
In practice, what this means is that these processes
have, in a sense, to be re-created every
time they are performed. Moreover, the processes
themselves are not documented, there
is significant risk of error and such processes
will not be compliant with Sarbanes-Oxley or
other similar regulations.

There are various products in the market
that will audit what you do with spreadsheets
for compliance purposes but what is really
required is a solution that supports business
process optimisation for those processes
involving spreadsheets. In particular, these
informal processes need to be made formal,
so you need to be able to capture the complete
process flow.

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