Struggling with critical EUC tools?

We minimize operational, financial and reputational risk for businesses in the financial sector by remediating and optimising End User Computing tools

What is an EUC?

End-User Computing (EUC) applications are developed by end users—often using tools like Excel or Access—without necessarily adhering to coding standards or having formal IT training.

These applications are typically created by operations or business-as-usual (BAU) staff, rather than by the IT department. EUC applications can also encompass databases, queries, scripts, and outputs from reporting tools. Financial firms, in particular, tend to have a high number of complex EUCs.

The importance of EUC remediation

Regulatory Compliance​

Many industries are subject to strict regulatory requirements regarding data accuracy, privacy, and security. EUC remediation ensures that these applications comply with relevant laws and standards, thus avoiding potential fines, legal challenges, and reputational damage.

Risk Reduction​​

EUC applications often develop organically within departments to meet immediate needs. Without proper oversight, they can introduce operational risks through errors in calculations, data manipulation, or loss of critical data. Remediation identifies and mitigates these risks, ensuring that EUC applications are reliable and secure.

Data Integrity & Accuracy​

Many important business decisions are data-driven. Competent EUC tooling ensures that decisions are based on reliable and accurate information, helping achieve high-quality insights and outcomes.

EUC tools are integral to your business​

Scalability and Future-proofing

As businesses grow, their EUC landscape can become more complex and harder to manage. Remediation efforts can help ensure that EUC applications are scalable, maintainable, and adaptable to future business needs, technologies, and regulatory changes.

Enhanced Security

EUC applications can be vulnerable to security breaches, especially if they contain sensitive or proprietary information. Remediation includes implementing security measures to protect against unauthorized access and data breaches.

Improved Governance and Control

EUC remediation establishes governance frameworks and control measures for the ongoing management of EUC applications, to contribute to a more structured and controlled IT environment.

Did you know…

An IBM study revealed that 88% of spreadsheets contain errors, which have led to significant financial losses and operational mishaps in major organizations, including a $100 million overstatement in a company sale price due to a spreadsheet error.

Did you realize…

EUCs, especially those created in common tools like Excel, often lack formal coding standards or IT oversight, leading to the creation of ‘Monster Spreadsheets’ that can jeopardize the entire financial and operational integrity of a business.

Were you aware

Regulatory bodies like the Bank of England are intensifying their scrutiny on EUC management, mandating strict compliance and robust policies to avoid severe penalties and reputational damage.

Interesting fact, isn’t it

Without proper controls, EUCs can result in mispriced services and products due to undetected errors, which can escalate into significant financial losses and even legal consequences.

Some real-world examples…

• MI5, the British Intelligence Agency bugged more than one thousand wrong phones due to a spreadsheet formatting error 

• The number of outstanding shares of Tibco Software was misstated due to a spreadsheet error. Consequently, the sale price of the company was overstated by $100 million

• TransAlta lost $24M due to a cut and paste error in a spreadsheet 

• A spreadsheet error caused London Olympics to sell 10,000 tickets for non-existent seats 

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Years of experience in financial services
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EUC projects
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Financial clients served

Our latest posts

See some of our online posts where we uncover why EUC remediation is critical and how we have helped

Would you like to start a project with us?​

Schedule a meeting with our EUC experts to see how we can help