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Spreadsheet compliance tool meets retention policy requirements

Lyquidity Solutions : 25 March, 2009  (New Product)
ComplyXL from Lyquidity Solutions helps organisations to meet their requirements on spread sheet retention and manage compliance
Lyquidity Solutions, providers of ComplyXL for enterprise spreadsheet compliance and Risk Management have announced a new way to ensure corporate retention policies are met.

ComplyXL, the innovative solutions for enterprises to manage and control the information held in spreadsheets, now addresses the need for corporation to set retention policies for information held in spreadsheets. With ComplyXL, spreadsheets can now be included in the corporate retention policies, and can be applied across divisions and business units.

ComplyXL also addresses other key areas of information retention, such as:

- An index of spreadsheets
- The locations where these spreadsheets are held
- The ability to search for active and inactive spreadsheets
- Classification of spreadsheets, whether critical, medium or low risk
- Determine retention periods
- Continuous monitor of spreadsheets

Sandy Marshall, Product Manager for ComplyXL comments 'ComplyXL ensures that this retention process is on-going and once set, doesn't require any further user input. This is part of a wider process that ComplyXL helps with such as the analysis of spreadsheet use in an organization, with clear and easy ways to report detailed aspects of spreadsheet use, who changed the spreadsheet, what changed, when, are there any hidden cells, broken links, error formulas, has the latest version beeen approved and so on. In this way we aim to help our customers streamline the ability to control and manage the risks that can be associated with spreadsheets'.

This enhancement is designed to help reduce the cost and time taken to audit and comply with legislation and is part of ComplyXL Enterprise.

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