Version 3.0 Delivers a New Suite of Tools to Authenticate Information and Find Spreadsheet Oversights; Beta Program Launched

Saratoga, Calif. (Business Wire) – February 11, 2010 – Incisive, a developer of enterprise-class spreadsheet analysis and management solutions, today announced Validate 3.0, the premier spreadsheet auditing software application. Validate is a computer aided audit tool (CAAT) that seamlessly complements Microsoft Excel and provides auditors with the ability to quickly and easily review Excel spreadsheet data, such as formulas and logic, in order to authenticate information and establish a level of integrity of the spreadsheet. Version 3.0 delivers a new suite of tools specifically designed to more efficiently find spreadsheet audit oversights.

“Spreadsheets are an integral part of the financial and operational world, but they are most often not developed and supported in a controlled environment so they immediately become a source of risk to any organization,” said Diane Robinette for Incisive. “Validate 3.0 helps auditors determine a level of integrity and provide sufficient controls so spreadsheet oversights can be found quickly, thus, improving the quality of the audit while reducing time spent on review.”

Validate 3.0 offers a new suite of tools designed to simplify the maintainability of audited spreadsheets. First, the Audit Change Summary lets users see in a single view what changed in a spreadsheet since its last audit. Cleared approvals may be reapplied, too. Second, the Progress Panel clearly shows audit statistics, such as new/lost cell traces and new/lost region approvals. Third, the History Panel gives users the ability to see changing audit information, such as added traces or removed approvals. Finally, the Change Report provides an account of all spreadsheet changes that have occurred since its last audit.

Other new Validate 3.0 features include support for Microsoft Windows Vista, Microsoft Windows 7, Microsoft Office 2007 and Google Spreadsheets. Validate 3.0 also offers new investigative capabilities, such as saving traces for future audits and performing an automatic “unhide” of hidden data.

Spreadsheet users that would like to participate in the beta program for Incisive Validate 3.0 can send a request to [email protected]. Validate 3.0 will be available in April 2010 for a purchase price of $699.

Validate is the third solution in the Incisive product line. Other Incisive solutions include Xcellerator, the premier spreadsheet analysis application, and Incisive Online, the industry’s first spreadsheet analysis and management software as a service. As an online service, Incisive Online requires no end user computer compatibility and is not governed by corporate policies regarding installable software. Incisive Online is available as a free trial and a monthly subscription fee. Further information about Incisive and its products can be found at www.incisive.com.

About Incisive
Incisive is the first to deliver its spreadsheet analysis and management solutions offerings as both Software as a Service (SaaS) and also as installable products. All Incisive products comprehensively analyze spreadsheets to locate errors, giving users confidence in their spreadsheet information. The company’s online offerings complement the interactive installable products based on technology acquired from RedRover Software, Inc. Incisive is a wholly-owned property of Valley Inception, LLC. For more information, visit www.incisive.com.

The names of actual companies and products mentioned herein may be the trademarks of their respective owners.
 
 
 
For more information, press only: Jill Dopp, Dopp & Associates, Inc.
Phone: (303) 324-0044
Email: [email protected]
 
 


About Diane Robinette

Diane RobinetteDiane Robinette is President and CEO at Incisive Software, a company helping risk executives reduce exposure in critical business and financial processes. Prior to Incisive, Diane served in executive and senior level positions at companies including BroadVision, Contivo (acquired by Liaison Technologies), Covigna (acquired by ProQuest/Snap-on), Perfect Commerce and Proximex (acquired by Tyco). She also held management positions at KPMG and EY. Diane believes that by taking a modern and automated approach, risk teams can move towards a risk resilient posture that allows them to anticipate and reduce exposure, no matter what is thrown their way.