October 12th, 2006 by satish
Control and Business Rules In Spreadsheets dont go hand in hand
For those organizations that are looking for control (compliance -SOX, Basel) whatever, here is the take. You never can have your policies embedded within the spreadsheet.
Sounds commonsense? Huh. But give me a dollar for every person out there who is using a spreadsheet with CRITICAL business rules embedded in it in organizations that *must* comply to such regulations and you will have a new millionaire.
Its true and its all out there. There are critical functions in financial institutes and its not a secret really. Perhaps i was the last one to recognize this, but it is true.
Forget about compliance it doesnt make business sense!
When you have 10s of frontline agents it becomes difficult to control where this information goes. It doesnt take deliberate action, it just needs to be an inadvertent one.
And let me make no appologies here - business rules engines (decision management) whatever fancy TLM(two or three letter acronym really) you call this by, helps you avoid this.
This entry was posted
on Thursday, October 12th, 2006 at 5:12 pm and is filed under Business Rules.
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October 12th, 2006 by satish
Control and Business Rules In Spreadsheets dont go hand in hand
For those organizations that are looking for control (compliance -SOX, Basel) whatever, here is the take. You never can have your policies embedded within the spreadsheet.
Sounds commonsense? Huh. But give me a dollar for every person out there who is using a spreadsheet with CRITICAL business rules embedded in it in organizations that *must* comply to such regulations and you will have a new millionaire.
Its true and its all out there. There are critical functions in financial institutes and its not a secret really. Perhaps i was the last one to recognize this, but it is true.
Forget about compliance it doesnt make business sense!
When you have 10s of frontline agents it becomes difficult to control where this information goes. It doesnt take deliberate action, it just needs to be an inadvertent one.
And let me make no appologies here - business rules engines (decision management) whatever fancy TLM(two or three letter acronym really) you call this by, helps you avoid this.
This entry was posted
on Thursday, October 12th, 2006 at 5:12 pm and is filed under Business Rules.
You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.