Lyquidity ComplyXL

ComplyXL is a tool for gaining insight and greater understanding of your spreadsheets. However, this has a potentially greater benefit than merely ensuring that you comply with regulations such as Sarbanes-Oxley. For example, HM Customs and Excise describes in its “Methodology for the Audit of Spreadsheet Models” cases when auditors need to do no more than a routine audit of spreadsheets and, conversely, when spreadsheets require more detailed (and extremely laborious and expensive) testing: thus the use of a tool such as ComplyXL can directly impact on auditors’ fees to reduce costs. Further, because the spreadsheet is better understood it is easier to spot errors within a spreadsheet and thereby eliminate or reduce the consequential costs that occur when erroneous business decisions are made based on the faulty information provided by error-prone spreadsheets.

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