Incisive Software has been named the Operational Risk Solution of the Year for 2021 by InsuranceERM. Incisive’s risk management solution was selected for its ability to mitigate operational risk by ensuring the data from which key business decisions are made—housed in complex Excel spreadsheets—is accurate and complete.
Maintaining the integrity of spreadsheet data is an arduous task. Incisive Software CEO, Diane Robinette explains, “No matter how rigorously a team proceeds, errors are likely to slip through the cracks—and remain undetected—when working in large, complex spreadsheets. The added stress of the pandemic, work-from-home distractions and isolation combined with accelerated deadlines, greatly increases the likelihood of errors—and operational risk. Incisive’s software significantly minimizes operational risk by providing greater visibility into, and control over, spreadsheets while allowing teams to continue working seamlessly within Excel. We are honored to be recognized for these efforts.”
Incisive’s automated risk management solution ensures that data from which users base their analysis is accurate and complete. Incisive’s software is not a replacement for Excel. Rather, it complements Excel by addressing its shortcomings while allowing organizations to embrace its strengths.
The software’s patented technology provides accuracy, control and insight into complex and critical spreadsheets. It is easy- to use and requires no custom development which means organizations can configure the system as desired to support their unique business needs. As business changes, simple adjustments in configuration (e.g., drop-down selections) are all that are needed. Incisive’s software has a small footprint and requires no additional software or special hardware which contribute to low cost of ownership.
Incisive’s risk management solution takes the guesswork out of model development and validation. It detects and helps resolve errors and mitigates risks hidden deep within spreadsheets and provides detailed insight into spreadsheet construction. Because Incisive works within a familiar Microsoft Excel footprint, end-user adoption is extremely high.
To learn more about Incisive Software’s award-winning Spreadsheet Risk Management solutions, https://incisive.com.
About InsuranceERM Awards
The InsuranceERM Americas Awards celebrate individuals, teams and companies that surpass client expectations and are taking insurance risk and capital management to the next level. They recognize the very best in risk management, actuarial and risk modelling practices, as well as the leading service and technology providers in the Americas.
About Incisive Software
Incisive Software provides award-winning spreadsheet risk intelligence solutions that identify, manage and reduce risk exposure in business-critical processes that use or interact with spreadsheets. Incisive employs a modern and automated approach to proactively and continuously manage the compliance, process and decision finding and then managing the risk embedded in business-critical spreadsheets.