Brit Insurance Selects Prodiance ERM to Manage Spreadsheets

The solution will support a strategic initiative to automate internal controls over mission-critical spreadsheets used to capture and report on financial information.

Brit Insurance (London), an international commercial general insurance and reinsurance company, has selected the Prodiance Enterprise Risk Manager (ERM) System in support of a strategic initiative to automate internal controls over mission-critical spreadsheets used to capture and report on financial information, according to a Prodiance (Pleasanton, Calif.)news release.

"We selected Prodiance through a formal RFP evaluation process because of the solution's non-invasive approach to monitoring key spreadsheets, ease of deployment, intuitiveness, and rich feature set," comments Paul Steynberg, financial systems manager, Brit Insurance. "The Prodiance solution will help to reduce the cost of compliance while improving the integrity and quality of financial information. Furthermore, it will enable us to drive efficiencies in routine review and approval processes."

Anthony O'Donnell has covered technology in the insurance industry since 2000, when he joined the editorial staff of Insurance & Technology. As an editor and reporter for I&T and the InformationWeek Financial Services of TechWeb he has written on all areas of information ... View Full Bio