CIMCON Software Ranked # 1 for Spreadsheet Compliance Products in Operational Risk & Regulation Magazine’s Annual Compliance Software Survey
June 24, 2010, Boston and London. CIMCON Software, the Pioneering Market Leader in Spreadsheet Governance, Risk and Compliance (GRC) today announced that it has been rated as the top vendor for ‘Spreadsheet Compliance Products’ by the readers of Operational Risk & Regulation magazine, a leading publication dedicated to helping risk and compliance professionals think strategically about the key risk and regulatory compliance issues that their organizations face, and helping them implement cutting-edge solutions that focus on best practices.
Operational Risk & Regulations global readership, which includes Chief Risk Officers, Chief Compliance Officers, executives and managers of Operational Risk, Audit and / or Compliance, places CIMCON Software at #1 in the category of ‘Spreadsheet Compliance Products’ in the magazine’s recently completed 4th Annual Compliance Software Products Survey. Readers were specifically asked to rank their top 5 companies for eight survey categories in the areas of Functionality, Usability, Performance, Return on Investment, and Reliability in the April 2010 survey.
“We are honored to receive this recognition from the readers of Operational Risk & Regulation especially since it has been received directly from those responsible for protecting their organizations from risk and non-compliance”, said Anil Agrawal, Director. “The top ranking is a testimonial to our product functionality, usability, performance, return on investment, and reliability, all factors used in this survey, and reaffirms CIMCON’s Market Leadership in End User Computing by all stakeholders in the risk chain including end-users, risk and compliance managers, analysts, auditors and consultants. It is also another indicator of the significant growth that we are currently experiencing as we continue to add some of the world’s largest companies in financial services and other industries to our client portfolio.”
CIMCON Software ranked #3 in the 'Sarbanes-Oxley Products' category behind IBM and Oracle, and #7 overall in the Top 20 Compliance Software vendors.
About CIMCON Software, Inc.
With 21 years of innovation, experience and knowledge, CIMCON Software, Inc. is a pioneering Market Leader in providing a complete range of Spreadsheet Control and Compliance solutions. CIMCON’s Spreadsheet Compliance Technology is a de facto Industry Standard with the Largest Installed Client Base of over 220 companies for regulatory compliance, including the Regulator of America’s Capital Markets and an enforcement arm of the Securities and Exchange Commission (SEC), and America’s Largest Mortgage Company with nearly a trillion dollars in loans. With a client base spanning North America, Europe and Asia and a 7 year history of use, CIMCON's spreadsheet compliance technology has been selected and implemented worldwide by many Fortune 500 corporations as a Global Corporate Standard for Regulatory Compliance. As a thought leader, CIMCON has developed and maintains an educational portal www.spreadsheetcontrols.org to share its industry knowledge and expertise and as a service to the end user computing community.
CIMCON’s SOX-XL suite of products provide the industry’s most comprehensive spreadsheet lifecycle solutions from discovery, risk assessment, analysis, and controls to archiving and record retention. CIMCON Software is also the first company to provide compliance solutions for Access databases in a single integrated platform to provide our clients with one-stop End User Computing (EUC) solutions.
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