European property and investment company Segro, with assets worth an
estimated £5.1bn has signed a deal with ComplyXL to radically reform its
spreadsheet finance systems.
The rollout of new technology is expected to streamline the financial and
property information for the company, as its former use of spreadsheets left it
open to vulnerabilities.
A company statement said: As the spreadsheets were being updated on a daily
basis, with no real way to check the spreadsheets or control the changes except
manually, it became imperative that spreadsheet controls were put in place.
They added that it needed to be ‘rolled out easily throughout Europe with
The new function allows the company to continue to use spreadsheets in the
finance function and link with the new software to analyse the information held
on the spreadsheets throughout Europe. The new technology will also include
notification of changes on a server basis.
A typical enterprise solutions from ComplyXL is approximately $10,00 Euro
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