ActionBase, a developer of adaptive case management and human process management solutions, and ClusterSeven, a provider of spreadsheet management solutions, have announced a joint solution designed to manage, monitor, and control the risks associated with daily processes managed by using e-mail and spreadsheets.

The combined offering, which is available immediately, provides an added layer of management and control on top of familiar Microsoft Excel spreadsheets and Microsoft Outlook environments to help enable risk-management, compliance, and business efficiencies for organizations, financial institutions, and Fortune 500 financial reporting divisions.

The solution helps organizations with all levels of reporting, from individual status reports through corporate-level reporting for trends and compliance. For example, financial departments routinely aggregate information across multiple people and systems for budgeting and reporting, which increases the risk of error for the business, consumes valuable time, and provides no process management capabilities or process visibility.

Instead of manually tracking individual spreadsheets and managing the process of each individual e-mail, ActionBase and ClusterSeven automate this process so all spreadsheets are updated to instantly eliminate these steps. In addition, each e-mail and user process is tracked for every single action, giving financial officers and departments a complete view of the entire lifecycle of the spreadsheet from start to finish.