Finsbury Solutions, a supplier of spreadsheet management and compliance software to the financial services sector, announced the launch of the market's first enterprise-wide spreadsheet management solution specifically designed for implementation on Microsoft SharePoint 2007. Spreadsheets are core to the operations of most businesses. Whether the use is to support trading, position keeping, risk management, product control, accounting or financial and regulatory reporting, spreadsheets provide the business with great flexibility, and a speed of development that formal application systems will never be able to compete with.

    Spreadsheet Workbench, Finsbury Solutions flagship spreadsheet management system, has been architected to offer seamless integration with SharePoint and enhanced functionality for improved spreadsheet control, risk management and compliance across organisations. Spreadsheet Workbench brings spreadsheets under control and provides a flexible enterprise wide spreadsheet management and compliance solution for the rapid control and development of business critical spreadsheet applications.

    "Microsoft SharePoint is the system of choice for enterprise document management and collaboration and by enhancing Spreadsheet Workbench to seamlessly extend SharePoint's spreadsheet functionality, we have created a powerful solution for the management and control of business critical spreadsheets, from a single environment,” said Jeremy Wood, director and co-founder, Finsbury Solutions.

    By implementing Spreadsheet Workbench companies can now gain immediate control of their legacy spreadsheet applications and meet the most stringent access control and monitoring requirements. Access to spreadsheets is now fully controlled and management has oversight of all spreadsheets and the changes made. Users can rapidly develop sophisticated multi-user spreadsheet applications, with all the flexibility of a standard spreadsheet and which can be automated and scaled to high volumes as the business expands.

    "Spreadsheet Workbench is quick to deploy, easy to use and cost effective. It enables organisations to reduce manually intensive spreadsheet based processes and assists with a wide range of business functions including audit, risk and compliance, trading, operations, finance plus client and regulatory reporting."

Spreadsheet Workbench's enhanced functionality includes:
    - A spreadsheet management portal for rapid and remote deployment, enabling organisations to quickly and cost effectively rollout the solution throughout their operations globally.
    - A high performance spreadsheet comparison and analytic server for fast analysis of large and complex spreadsheets. This allows financial institutions to quickly identify spreadsheet problems, highlight irregularities and ensure compliance.
    - Spreadsheet key performance indicators for improved spreadsheet data transparency and the provision of real time management alerts set against user defined business criteria.
    - High availability deployment options provide increased resilience and disaster recovery capabilities for critical spreadsheet applications.