Description: Every finance team relies on spreadsheets, but errors in Accounting, Treasury, Tax, and FP&A create major risks. Spreadsheet governance reduces errors, manages EUC risk, and balances compliance with productivity across the organization.
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Tag: end user computing
Description: UK SOX compliance demands strong governance of end user computing tools. Ensure spreadsheets, databases, and code-driven models meet ARGA audit standards to reduce risks, safeguard directors, and maintain reporting integrity.
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Tag: end user computing
Posted by 18 days ago (https://cimcon.com/navigating-the-ai-horizon-a-closer-look-at-the-white-executive-order-on-ai-and-its-impact-on-financial-companies/)
Description: The Executive Order on Safe, Secure, and Trustworthy AI establishes a framework for responsible AI development, focusing on privacy, bias prevention, and transparency to ensure ethical use across industries.
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Tag: shadow artificial intelligence
Description: CIMCON’s Discovery Module scans millions of EUCs, Models, and AI to uncover risks like Python vulnerabilities, hidden sheets, and macro code. Proactively monitor and mitigate risks before they turn into costly errors.
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Tag: end user computing
Description: Discover how CIMCON Software helps financial institutions manage AI model risk. With 30+ years in Model/EUC risk management, CIMCON provides automated AI model inventory, risk assessment, and monitoring to address business, regulatory, and reputational challenges.
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Tag: end user computing, model inventory
Description: Shadow AI refers to the unmonitored use of AI within organizations, bypassing IT or compliance oversight. Risks include hidden internal models, embedded AI in third-party apps, and unauthorized use of generative AI tools—posing threats to data privacy, governance, and model oversight.
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Tag: Shadow Artificial Intelligence, Shadow AI
Description: Discover strategies to detect and manage shadow AI, from identifying internal GenAI use in EUCs and models to monitoring 3rd party applications, mapping interdependencies, testing for vulnerabilities, and implementing proper controls, workflows, and accountability.
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Tag: Shadow AI, Shadow artificial intelligence
Description: SR 11-7, issued by the Federal Reserve and OCC, outlines Supervisory Guidance on Model Risk Management. It defines models, sets governance and validation standards, and ensures banks manage model risk, accountability, and compliance effectively.
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Tag: SR11 7
Posted by 9 days ago (https://cimcon.com/products/solutions-eucinsight-inventory/)
Description: Discover why CIMCON’s Inventory Module is the smarter choice for building a comprehensive model inventory. Seamlessly integrate EUCs, Models, and AI risk management with dynamic rules, automations, and workflows that align with regulatory expectations.
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Tag: model inventory
Description: EUC Insight Link Fixer by CIMCON ensures data integrity during cloud migration by identifying and fixing broken links in Excel, Word, SharePoint, PowerPoint, Access, and other EUC files. Server-based, no installation needed, with full validation reporting.
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Tag: end user computing
Description: Shadow AI refers to the unsanctioned use of AI tools or models within organizations, often without IT’s knowledge. As AI adoption grows, so do the risks of internal misuse and hidden AI in third-party apps—making oversight critical for businesses.
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Tag: Shadow AI, shadow artificial intelligence
Description: Discover how EUC & Model Inventories, Automated Risk Assessment, AI detection, and audit trails help firms meet regulatory guidance through standardized documentation, periodic testing, and proactive risk management.
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Tag: end user computing, model inventory
Description: Supervisory Statement 1/23 by the PRA sets new standards for Model Risk Management and AI governance in UK banks, effective May 17, 2024. It defines model controls, inventory, validation, and oversight practices to ensure compliance and mitigate emerging risks.
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Tag: ss1/23, Model Risk Management
Description: Discover how CIMCON Software helps organizations modernize legacy Microsoft Access databases into secure, web-based managed applications. With 25+ years of experience and 500 clients in 30 countries, we specialize in efficient Access database migration and EUC management.
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Tag: End User Computing
Description: Migrating file shares to cloud platforms like OneDrive and SharePoint poses challenges, especially with Excel files containing links. Learn why understanding file complexity is crucial for successful content migration.
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Tag: end user computing
Description: Migrate legacy Microsoft Access databases to secure, web-based managed applications with CIMCON Software. Benefit from enterprise-grade performance, cloud readiness, Active Directory integration, and simplified maintenance.
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Tag: End User Computing
Posted by 12 days ago (https://cimcon.com/)
Description: CIMCON Software helps minimize business risks in end-user computing applications: spreadsheets, Access Databases, VBScript, Tableau, R, etc.
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Tag: End User Computing
Description: Errors of accounting are widespread, especially in spreadsheets with over 150 rows—90% contain mistakes. From poor version control and insecure access to lack of documentation, discover why these errors occur and how they can impact financial accuracy.
Category:
Tag: errors of accounting, spreadsheet errors
Description: Maintaining a model inventory manually is time-consuming and error-prone. Model Inventory-as-a-Service offers a secure, automated, and scalable solution—no software to install, no hardware to manage, and no chasing down updates ever again.
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Tag: Model inventory
Description: The Prudential Regulatory Authority’s SS1/23 outlines mandatory model risk management principles for UK banks, effective May 2024. This blog breaks down the five core principles, key MRM requirements, and next steps for aligning with the new standards.
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Tag: Model Risk management
Description: Learn 5 practical steps to implement more effective EUC controls, from maintaining an up-to-date model inventory and standardizing risk assessments to leveraging interdependency maps, automating documentation, and enforcing approval workflows aligned with SS1/23.
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Tag: end user computing
Description: Discover how organizations transition to cloud computing by migrating apps, databases, and EUC files to AWS or Azure. CIMCON ensures seamless deployment of EUC Insight with no disruption to EUC or model controls—via secure, phased migration.
Category:
Tag: end user computing