Prodiance Newest Release Increases Visibility Over Critical Spreadsheets via Executive Dashboard

Prodiance Corporation announced the newest release of it's flagship product, Prodiance Enterprise Spreadsheet Manager (ESM) v5.3. Loaded with innovations and customer-driven enhancements, the new release includes a new executive dashboard providing better visibility and control over critical spreadsheets.

San Ramon, Calif. - Prodiance Corporation, a leading provider of enterprise spreadsheet management solutions, today announced v5.3, the newest release of the Prodiance Enterprise Spreadsheet Manager (ESM) system. The release is loaded with innovative features and customer-driven enhancements, including a new executive dashboard providing better visibility and control over critical spreadsheets.

Prodiance ESM v5.3 spans the company's entire integrated suite of spreadsheet management software, delivering capabilities to inventory, assess risk, remediate, manage and control, review and approve, and monitor mission critical spreadsheets and Access databases.

A recent research report from Gartner indicates that "spreadsheets contain huge amounts of sensitive data but lack the risk controls inherent in IT-managed applications. Spreadsheet control products can reduce risk and improve user efficiency without affecting flexibility." 1

"Prodiance ESM v5.3 represents a significant leap forward in spreadsheet management technology, further positioning Prodiance as a market leader," said Dr. Soheil Saadat, president and CEO of Prodiance Corporation. "Prodiance ESM v5.3 delivers improved visibility over all aspects of spreadsheet management, accelerates review and approval of key changes, improves security and data integrity, and delivers a scalable and non-invasive solution that is well suited for enterprise wide rollouts. Organizations seeking to automate spreadsheet management and control will achieve a rapid ROI and accelerate the financial close process."

Improves Visibility via Executive Dashboard
Prodiance ESM v5.3 provides more visibility into critical spreadsheet processes with a new executive dashboard with graphical charts and drill down into an extensive library of reports. The dashboard enables tracking of spreadsheet inventory and risk assessment results, approval status, alerts, exceptions and other key spreadsheet metrics. For Microsoft Office SharePoint Server 2007 implementations, the dashboard charts can be displayed in the SharePoint Server portal using standard web parts.

"Prodiance has always been especially strong in its graphical and presentation capabilities and these have been enhanced in the latest release," said Philip Howard, research director at Bloor Research. "Moreover, the company has also significantly extended and deepened its functionality, both in this release and its predecessor, re-confirming the company's place as one of the leaders in the spreadsheet management market."

Enhanced Integration with Microsoft Office SharePoint Server
While the Prodiance ESM system has been integrated with Microsoft Office SharePoint Server 2007 for some time, the new version delivers significant enhancements such as support for file delete, file move, and file rename events in SharePoint Server document libraries. This feature allows files to be deleted, moved or renamed in either system while keeping the databases in synch. In addition, support has been added for Microsoft Windows Server 2008 and Microsoft SQL Server 2008. Prodiance continues to offer support for files stored on network shares.

"Financial services firms often struggle with maintaining a ?single version of the truth' when it comes to spreadsheet management," said Rich Feldmann, U.S. financial services industry managing director for Microsoft Corp. "Prodiance's new release helps deliver significant value to our mutual customers requiring spreadsheet management capabilities, and further demonstrates the innovation of the Prodiance ESM system with support for Microsoft's familiar, easy-to-use and widely supported platform."

Accelerates Review & Approval
To improve change management and accelerate approval processes, Prodiance ESM v5.3 incorporates a new and completely redesigned graphical compare module. This application allows spreadsheet reviewers to compare spreadsheet versions side-by-side to immediately see what has changed since the last approval, thus speeding review cycles leading to quicker closes.

Improves Security & Data Integrity
Although Prodiance ESM v5.3 is a web based application, certain highly regulated environments may require controls over user input to spreadsheets to improve spreadsheet security and integrity. To satisfy this requirement, Prodiance ESM v5.3 provides an optional Excel add-in to enforce cell level security and input data validation, and control access to macros, data connections, queries, and worksheets per user or group.

Highly Scalable Solution
To enhance system scalability, Prodiance ESM v5.3 supports purging and archival of previous versions of spreadsheets and Access databases. This feature is critical for optimizing database size and file storage space for enterprise wide implementations.

Key Features & Enhancements
The Prodiance ESM v5.3 release is packed full of new features and customer-driven enhancements, making it the most flexible, robust and easy-to-use solution available for spreadsheet management. Key features and enhancements for Prodiance ESM v5.3 include:

- Executive dashboard and extensive library of management reports
- Open web services architecture to allow integration with third party applications (e.g. general ledger, ERP systems, BI tools, account reconciliation, GRC, etc.)
- Enhanced integration with Microsoft Office SharePoint Server 2007
- Intelligent formula auditing
- Auditing files in exception folders
- Graphical reporting of database connections, data feeds, and all spreadsheet links
- Role based security enhancements
- Purging & archival of prior versions
- New graphical spreadsheet compare tool
- User input control & cell level security
- New end user web portal
- Internationalization support
- Windows 2008 and SQL Server 2008 support

Availability
Prodiance ESM v5.3 will start shipping to customers in August 2008, and is available as an upgrade as part of the standard maintenance and support license agreement.

More Information
Introductory webcasts including demonstrations of the Prodiance ESM solution will be hosted by Prodiance on July 23rd and 29th, 2008. To register for these events, please visit: www.prodiance.com.

1) Gartner, Inc. "MarketScope for Spreadsheet Control Products, 2008" by Jay Heiser and David Furlonger, March 11, 2008.

About Prodiance
Prodiance delivers enterprise class software solutions to help organizations increase visibility and control over mission critical spreadsheets and Access Databases while improving compliance, mitigating operational risks and driving process improvement. Prodiance leverages over 18 years experience in delivering innovative technology solutions for highly regulated markets. Leading global organizations across the banking, insurance, capital markets, telecommunications, manufacturing, aerospace and defense, media and entertainment, food and beverage, health care, and educational markets have trusted Prodiance as a strategic partner to achieve their goals. Prodiance Corporation is an independent, privately held corporation based in San Ramon, California. Additional news and information about Prodiance solutions, products and services is available at www.prodiance.com or by calling 1-866-569-5678.

MarketScope Disclaimer
The MarketScope is copyrighted 2008 by Gartner, Inc. and is reused with permission. The MarketScope is an evaluation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the MarketScope, and does not advise technology users to select only those vendors with the highest rating. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

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Contact Details

Company Name: Prodiance Corporation
Issued By: Eric Perry
Phone: +1-866-569-5678
Address:
Zip: 94583
Website: Visit the website

by Eric Perry (few years ago!)

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