Brit Insurance Controls Mission Critical Financial Data with Prodiance ERM
The Prodiance Enterprise Risk Manager System has been selected by Brit Insurance in support of a strategic initiative to automate internal controls over mission critical spreadsheets used to capture and report on financial information.
Pleasanton, Calif. and London (PRWEB) March 14, 2010
Prodiance Corporation, a leading provider of Enterprise Risk Management (ERM) solutions, today announced that Brit Insurance, an international general insurance and reinsurance group specialising in commercial insurance, has selected the Prodiance Enterprise Risk Manager System in support of a strategic initiative to automate internal controls over mission critical spreadsheets used to capture and report on financial information.
"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," said Paul Steynberg, Financial Systems Manager at 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."
"We are very pleased to be chosen as a trusted partner to help Brit Insurance meet their enterprise risk management business objectives," said Dr. Soheil Saadat, president and CEO at Prodiance. "We look forward to a long and successful relationship with Brit Insurance, and to meeting their long term technology, services, and support needs."
About Prodiance
Prodiance delivers Enterprise Risk Management (ERM) solutions to help improve integrity, transparency and control over end user computing applications such as spreadsheets, databases and BI reports which comprise a significant portion of mission critical data within organizations. Prodiance leverages over 20 years experience in delivering innovative technology solutions for highly regulated markets. Leading global organizations in more than 15 countries across 5 continents representing a wide variety of industries - banking, insurance, capital markets, energy, telecommunications, manufacturing, media and entertainment, food and beverage, health care, pharmaceutical, and education - have chosen Prodiance as trusted partner to achieve their strategic goals. Prodiance Corporation is an independent, privately held company based in Pleasanton, California with offices in London, Chicago, Philadelphia, New York, The Netherlands, and Shanghai. Additional news and information about Prodiance solutions, products and services is available at www. prodiance. com or by calling +1.925.460.9191.
# # #
