Prodiance Corporation, the leading provider of enterprise spreadsheet risk management and compliance solutions, today announced that UK-based Bloor Research (http://www.bloor-research.com) has named the Prodiance Spreadsheet Compliance Edition solution as the technology market leader in its newly published Enterprise Spreadsheet Management 2007 report. Critical financial and operational spreadsheets that are uncontrolled can expose organizations to significant financial and compliance risks. In a comparison of 16 different vendor solutions, Prodiance was declared the technology market leader in helping organizations effectively manage this risk while improving compliance and boosting productivity for end users.
"We consider Prodiance to be a market leader along with these vendors, because of the strength of its technology which, at present at least, we believe to be superior to those of its rivals," said Philip Howard, research director at Bloor Research.
As with any risk management and compliance solution, user adoption can suffer due to product user interface complexities, and heavy administration requirements posed on IT organizations. Prodiance addresses these issues by providing a non-intrusive solution that does not require software to be installed on end user desktops, and by optimizing the user experience. "We find the more graphical approach of Prodiance to be more appealing and more intuitive," said Howard.
"Prodiance has developed a comprehensive and integrated suite of products to help organizations automate internal controls over critical spreadsheets, from inventory, risk analysis and remediation efforts to establishing a controlled environment and monitoring the overall process," said Dr. Soheil Saadat, president and CEO of Prodiance Corporation. "We value Bloor's independent research and analysis, and are delighted to be so highly recognized as the technology market leader in the Enterprise Spreadsheet Management Market."
About Prodiance
Prodiance Corporation is a world leader in delivering comprehensive solutions and best practices for improving compliance with today's corporate, regulatory and legal mandates, and boosting productivity for knowledge workers. With proven technologies and solutions for enterprise spreadsheet compliance, management of electronic evidence, automation of key business processes, and federated search for eDiscovery, Prodiance leverages a 15-year history in delivering solutions for highly-regulated markets. Organizations across the financial, legal, food and beverage, telecommunications, entertainment, aerospace and defense, health care, educational, manufacturing, and engineering & construction markets have trusted Prodiance as a strategic partner to achieve their goals -- driving down the cost of compliance, achieving better visibility and control over critical information and key business processes. - PR Newswire, UK
