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Streamline EUC risk management with Schematiq's Excel transformation tools for greater performance and control. Secure your spreadsheets now!
Schematiq from MDXT has enabled us to reduce the operational risk of running significant trading, risk, and finance processes on a number of Microsoft Excel-based EUC applications.
The client’s trading desks were constrained by limited historical data, as Excel sheets had reached their capacity.
Manual and slow processes often led to reliance on outdated data, reducing efficiency and accuracy.
These challenges resulted in missed trading opportunities, inadequate safeguards, and weakened stress testing capabilities.
A solution to modernize Excel-based EUCs, enhancing performance and availability. The Schematiq Workbook Manager converts established logic into code-based APIs, allowing Excel to integrate with strategic systems or no-code applications. This enables scalable, controlled access for large user groups while reducing spreadsheet dependency. The platform also provides an operational framework for access management, version control, source control, auditability, testing, and approvals.
It includes powerful features to mitigate against errors such as; Schematiq functions to simplify complex repeated formulas and substitute VBA and built-in connectivity for instant live access to data sources.
Integration to Excel with strategic systems, to create custom workflows, automate processes, and scale in a controlled way to high numbers of users. This is all possible while ensuring that the business logic and underlying data are accurate, removing the risk of error-prone manual processes.
Improved governance and control frameworks - satisfying auditors and reducing operational risk.
Removed data limitations within Excel, allowing for more accurate trade pricing.
Workbooks simplified, removing 1000s of lines of VBA and an 80% reduction in worksheets.
Increased data analysis - Trading analysis of 2M+ rows of data was now possible.
By enabling the client to remain in Excel, the time to value was days, not months.