ClusterSeven (London and New York), an international provider of spreadsheet management solutions that enhance risk management, compliance and business efficiency for financial institutions and Fortune 500 financial reporting divisions, announced the launch of its flagship Enterprise Spreadsheet Management system is now available as a Software as a Service (SaaS) model.
The benefits of delivering enterprise software functionality on a service basis from remotely hosted infrastructure, outside the client firewall, include faster deployment times, reduced up-front costs and the ability to deliver standardized business processes based on centralized data. ClusterSeven SaaS enable customers to operate in real-time, rapidly responding to the industry's ever-changing regulatory environment.
The ClusterSeven SaaS solution provides options to monitor Microsoft Excel® spreadsheets held within the company firewall or in 'cloud-based' locations such as third-party SharePoint sites or Google® spreadsheets. The ClusterSeven Enterprise Spreadsheet Management® software is hosted on the Amazon EC2® cloud, where spreadsheet risk analysis may be directly interrogated or reports automatically dispatched to authorized users. Having sensitive financial information maintained outside the firewall, in a secure environment, reduces the risk of potential tampering.
"Coupling the strengths of ClusterSeven's robust application with the efficiencies of SaaS provides users with an on-time solution that conquers daily problems without the headache tied to traditional licensed software," said Ralph Baxter, CEO of ClusterSeven. "Users relying on such a model are able to accurately predict their costs, which assists in ongoing budgeting and planning for the future."