New York, London, June 2007 - Lyquidity Solutions, specialists in the control, management and compliance of Excel spreadsheets, and providers of business critical solutions for regulatory and accounting issues, today announced their partnership with The Spreadsheet Detective. Spreadsheet Detective is a leading tool for the audit and documentation of Microsoft Excel spreadsheets which is used by hundreds of diverse businesses such as General Motors, Babcock and Brown and Marathon Oil.
As corporations depend on key spreadsheets for daily business analysis and reporting, the need to be able to track and manage changes is great, especially in light of Sarbanes Oxley. ComplyXL provides line and compliance managers with a simple way to control, track and report on changes made to spreadsheets anywhere in an organization. By partnering with the Spreadsheet Detective Lyquidity is able to provide a single solution to meet the needs of compliance, risk and line managers.
Auditing spreadsheets It is notoriously difficult to confirm that a spreadsheet is calculating results in the way that was intended. Undetected errors have caused large financial losses and expensive litigation. By being able to include spreadsheet audit functions ComplyXL is able to help organizations ensure the correctness of any spreadsheet created using Microsoft Excel. The additional features automate documentation of spreadsheet and highlight any potential calculation mistakes, mistakes that can accumulate as spreadsheets are changed. By being able to track changes and identify errors ComplyXL is able to provide a robust platform for compliance needs.
Lyquidity has made available full presentations showing all aspects of ComplyXL. This gives users a deeper understanding of the software and how it can be deployed.
About Lyquidity Solutions Lyquidity Solutions is a privately held, financial software and services company providing corporations with compliance tools to ensure corporate governance. With technology for full spreadsheet control and management Lyquidity provides solutions to organizations across market sectors from insurance and airlines to consulting and healthcare.
For more information, please visit our main website at www.lyquidity.com US inquiries please call +1-800 401 0289, and for European enquiries please call +44 (0)207 043 2777 or email info@lyquidity.com Media contacts should be addressed to sarah.seddon@lyquidity.com. Company Information: Name: Lyquidity Solutions Address: Ground Floor Office Suite, 16 Lynton Road City: Surrey ZIP: KT3 5EE Country: United Kingdom Phone: 44 (0)20 8241 0500 http://www.lyquidity.com
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