SOURCE: Lyquidity Solutions

December 04, 2006 10:54 ET

Lyquidity Announces Its Spreadsheet Compliance and Control Tool, ComplyXL Version 1.5

NEW YORK, NY and LONDON -- (MARKET WIRE) -- December 4, 2006 -- Lyquidity Solutions, specialists in the control, management and compliance of Excel spreadsheets, and providers of business critical solutions for regulatory and accounting issues, today announced the availability of ComplyXL 1.5. ComplyXL is a key component for business critical information because it ensures a logical solution to the need to track cell changes, ensuring tighter controls, all without the losing Excel's usability and flexibility.

ComplyXL provides change tracking down to cell level so reducing spreadsheet risk arising from unintended change. Because cell changes to cell values, formulas and formats can be reviewed, ComplyXL ensures that stringent regulatory and compliance issues such as Sarbanes-Oxley are met without affecting business productivity. Packaged as a standalone application, an add-in to Excel and as a web server, ComplyXL is able to provide all organisations with the ability to monitor every spreadsheet, regardless of size.

Version 1.5 Lyquidity has responded to user requests, particularly from the banking and audit sectors, to allow users the ability to focus on any type of change and ComplyXL provides a comprehensive range of change filtering options. Change type filtering allows the user to select or de-select exactly which differences and changes to highlight, whether it's macro changes, formula changes, locked or unlocked cells, blank or locked cells, etc. The user is able to see a graphical overview of changes to a worksheet and 'zoom' into their key information, dramatically speeding up the time taken to highlight critical spreadsheet changes, and so enables the user to focus on their key area of interest.

Lyquidity has shown its commitment to providing cost effective solutions facing ever tightening compliance issues. "Compliance is only one part of the story. We have found that making it easy for users to see changes is key, we have provided a graphical overview of worksheet changes," said Sandy Marshall, Product Manager for ComplyXL. "ComplyXL has been developed in response to help users address the pitfalls of spreadsheet use. ComplyXL v1.5 is being shipped as of today and, for ease of use, is available to customers to download. Trial downloads of the software are available from our website at http://www.lyquidity.com.

Information can be found at www.lyquidity.com. US inquiries please either email info@lyquidity.com or call 1-800 401 0289, and for European enquiries +44 (0)208 241 0500 or email info@lyquidity.com

12/06/mw

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