Prodiance and FCTS Consulting Help French Firms Increase Transparency with New Spreadsheet GRC Solution

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Prodiance Corporation and FCTS Consulting announced a partnership and comprehensive GRC solution to automate internal controls for mission critical spreadsheets, Access databases, and other end-user computing (EUC) applications.

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Uncontrolled spreadsheets and EUCs are pervasive throughout our business environment and have left an open door for gross accounting errors, undocumented transactions, unauthorized changes, logic errors, uncontrolled copies, and even fraud

Prodiance Corporation, a leading provider of Governance, Risk and Compliance (GRC) software solutions, and FCTS Consulting, France's first spreadsheet engineering services and software specialty company, today announced a formal partnership and comprehensive GRC solution to automate internal controls for mission critical spreadsheets, Access databases, and other end-user computing (EUC) applications. The joint solution combines best of breed technology from Prodiance with professional services and domain expertise from FCTS Consulting to help firms in France increase transparency and drive sustainable compliance.

"Uncontrolled spreadsheets and EUCs are pervasive throughout our business environment and have left an open door for gross accounting errors, undocumented transactions, unauthorized changes, logic errors, uncontrolled copies, and even fraud," said Dr. Soheil Saadat, president and CEO of Prodiance Corporation. "To effectively mitigate these risks while increasing transparency, improving compliance, and driving process improvement, firms need to look at what's happening in their end user environment, and take a proactive approach to establishing proper controls and safeguards."

"Prodiance delivers a comprehensive, enterprise class software solution to help organizations establish the proper safeguards and controls over mission critical spreadsheets and EUCs," said Sebastien Troszczynski, general director and co-founder of FCTS Consulting. "We are the first mover in the French market for Spreadsheet Control Software, and are very excited to be partnering with a market leader such as Prodiance."

Solution Overview:
The Prodiance Enterprise Spreadsheet Manager (ESM) system incorporates an integrated suite of software modules to automate discovery, inventory management, risk assessment, audit and control, certification and reporting for mission critical spreadsheets, Access databases and other EUCs.

Key products and capabilities include the following:

  • Prodiance eDiscovery automates ongoing discovery, inventory management, and risk assessment.
  • Prodiance ESM provides auditing and control through pervasive monitoring of changes, exception based reporting, cell level lock down, and automated workflows.
  • Prodiance Spreadsheet IQ automates validation, error checking, documentation and remediation efforts.

More Information & Upcoming Webinar:
The Prodiance ESM system is available immediately to customers in France through FCTS Consulting. FCTS Consulting is hosting a special webinar entitled Fraud Detection in Excel and Access Databases on Tuesday, February 10, 2009. The event will include an overview of the business case for Spreadsheet Management and Control, and an overview of the Prodiance ESM - FCTS Consulting joint solution. To register for the event, please visit the FCTS Consulting Web site at fcts-consulting.com/webinar or call +33 4764 20983.

About Prodiance:
Prodiance delivers Governance, Risk and Compliance (GRC) solutions to help increase visibility, transparency and control over End User Computing applications such as spreadsheets, databases and BI reports which comprise a significant portion of mission critical data within organizations. Prodiance leverages over 18 years experience in delivering innovative technology solutions for highly regulated markets. Leading global organizations across the banking, insurance, capital markets, energy, telecommunications, manufacturing, media and entertainment, food and beverage, health care, and educational markets have trusted Prodiance as a strategic partner to achieve their goals. Prodiance Corporation is an independent, privately held company based in San Ramon, California. Additional news and information about Prodiance solutions, products and services is available at prodiance.com or by calling 1-866-569-5678.

Prodiance PR Contact:
Eric Perry
Vice President, Marketing
Tel: +1-866-569-5678
Email: eric.perry (at) prodiance (dot) com

About FCTS Consulting:
Established in January 2008, FCTS Consulting is France's first company dedicated to spreadsheet engineering services and software. FCTS Consulting develops and provides software solutions with support to companies wishing to improve their governance, risk, and compliance parameters of their Excel files and Access Databases. FCTS Consulting offers professional IT financial administrative services, including to banks and insurance companies, with custom solutions based on the audit of files and documents, and the subsequent implementation of software tools specially developed for the ongoing governance, risk and control of the files. Our seven member team is based in both the Paris and Grenoble metro areas. FCTS Consulting is growing and has plans to extend its activities both nationally and internationally. For additional information, please consult our web site: fcts-consulting.com.

FCTS Consulting PR Contact:
Marie REVEILLE
249, rue Saint Jacques - 75005 Paris
Tél.: 00 33(0)1 46 34 60 60
Fax: 00 33(0)1 46 34 05 29
Web: http://www.wellcom.fr
Email: mr (at) wellcom (dot) fr

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