Spreadsheets are the backbone of many processes in many financial firms. They are flexible and inexpensive.

They are also error prone, incompatible and not usable by more than a few people. Regulators have called out spreadsheets as a poor approach to managing

ModelDR can reverse engineer spreadsheets into Data Point Model form. From there the data, meaning and rules in the spreadsheets can be:

  • Define using a common language with the rest of the bank (using FIBO and or in-house data dictionary)
  • Integrated and linked to the source and usage within in-house systems
  • Overlaid with data quality measures.