Spreadsheet models drive insights and support decision making. As spreadsheet models evolve, they become increasingly complex which makes it more difficult to manage, audit and ensure integrity on the output of each model. Internal governance managers, external auditors and regulators are increasingly challenging the organisation to demonstrate governance and controls are in place.
Workscope provides a simple and effective way to manage a model risk management framework without requiring models to be moved the files into a foreign file store. Furthermore, Workscope ensures that managers and end-users have transparency over the integrity of every spreadsheet model and have the tools required for addressing risks and demonstrating governance.