www.lyquidity.com

London, New York, immediate release: Lyquidity Solutions,www.lyquidity.com providers of ComplyXL for enterprise spreadsheet compliance and risk management today announce a faster way to ensure immediate access to critical spreadsheet management information.

ComplyXL, the innovative solution for enterprises to manage and control the information held in spreadsheets, now continuously monitors and reports on the activity within critical spreadsheets as a desktop utility. Managers can see and be notified immediately from the ComplyXL system tray when critical spreadsheets have been changed, wherever they are, which acts as an additional safeguard, protecting data.

The ComplyXL system tray utility is instantly available with one click and acts as a continuous monitor so managers can be confident they are immediately aware of changes to spreadsheets, who changed them, what changed and why.   ComplyXL can be scheduled to check for changes at whatever interval the manager chooses, whether every minute, through to every four hours, with a note popping up as soon as changes are made.  This system tray capability also provides the added benefits of:

- Managers can view critical spreadsheets in a way that has been previously chosen, so they can quickly access the information about spreadsheets in a view that is familiar

- Managers can also control what will happen when a workbook is selected.  The ComplyXL system tray utility can create an email containing a reference to the selected file or have it open the original spreadsheet in Excel so that Managers can choose what further actions, if any, to take.

- Collaboration by different areas of the business can be controlled in a way that doesn’t interfere with the user experience.  Managers can send a web link to users not on the local network so they are able to download, change and upload a set of spreadsheet changes as a once-only action and without having ComplyXL installed locally.  This helps organizations with numerous offices upload changes in a clearly defined way which complements their business processes, such as monthly figures needed by head office.  As standard, these changes can go through the Manager Approval Process in a secure, traceable controlled way.

I suspect we will see an increase in the demand for those tools and solutions that can improve our ability to manage or view our risk, whether it’s something developed in house or bought-in, particularly as many ‘applications’ are written or based on Excel. I keep hearing about Excel as a server application (the rumors come around every now and again, I wonder if we’ll ever see it).

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