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Personalized Financial Risk Assessment Helps Organizations Boost Productivity and Identify “Worst Practices” in Excel Use SAN FRANCISCO, Calif. – May 19, 2009 - A3 Solutions is offering line-of-business managers and financial executives a no-obligation spreadsheet efficiency check-up to demonstrate how centralized spreadsheet processes can boost productivity and mitigate financial risks. Structured as a 60-minute telephone assessment, the personal consultation identifies “worst practices” in spreadsheet use such as version control problems and data integrity issues caused by manual distribution and consolidation of Excel documents. At the end of the evaluation, qualifying organizations will be provided with a working prototype of a web application based on their specific financial models and an estimate of the labor and cost savings to be gained by deploying the A3 Modeling Spreadsheet Application Server™. “The current economic recession is prompting public and private organizations to take a closer look at the efficiency and integrity of their financial processes, especially those involving spreadsheets,” commented Robert Lautt, founder and CEO of A3 Solutions. “Many executives are surprised to learn that on average organizations depend on spreadsheets for twenty or more critical multi-user processes. These rogue spreadsheet activities are inefficient and expose the organization to a multitude of risks that can be mitigated by deploying a spreadsheet application server.” During the telephone assessment, A3 will demonstrate how to convert isolated desktop spreadsheets into centralized models that can be consistently managed and audited. From then on, authorized users can safely populate their spreadsheets from sanctioned data sources for more efficient data entry, consolidation, reporting and analyses. The A3 Spreadsheet Application Server enables Excel users to create comprehensive modeling and write-back applications using just their spreadsheet skills, alleviating the need to implement complex financial software packages. “Excel users involved in planning, budgeting, forecasting and operational analysis now have the best of all worlds,” said Mr. Lautt. “They can keep their favorite spreadsheets, avoid the arduous transition to a financial software package, and work within an enterprise environment that upholds corporate data quality initiatives.” About A3 Solutions
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