A rigorous Model Inventory is an essential first step
In financial services, having an accurate, up-to-date model inventory is a regulatory mandate. In other industries, having a valid inventory of the critical (high-risk) models and other end-user controlled (EUC) applications (e.g. Excel spreadsheets) just makes good business sense.
Whenever a critical business process depends on a model, you need clarity & controls. Manual lists are too labor-intensive and difficult to keep up-to-date.
Add in the fact that these applications and files are used by diverse owners in different parts of the world and web-based technology becomes the obvious answer for managing model risk.
Your sensitive data remains secure
CIMCON's Model Inventory Cloud is not a repository. Your confidential Models remain within the security of your firewall. The inventory is not the physical storage of the applications & files themselves; it is the system of record for the risk-related metadata associated with those files (e.g. Owner, Risk rating, Date of last validation, etc.). The inventory-as-a-service not only manages that information; it automates the email notifications for periodic updates and provides enterprise visibility/reporting.
THE MOST COMPREHENSIVE RANGE OF FEATURES AVAILABLE
ENTERPRISE VISIBILITY
Instantaneous reporting and visibility at all organizational levels
SECURE
Role and user-based permissions ensure information security
HOSTED, Software-as-a Service
No hardware to buy - no servers to maintain - no PC-based add-ins or plug-ins to install
UP-TO-THE-MINUTE-ACCURACY
Automated email workflow assists with periodic updating
CUSTOMIZABLE SELF-ASSESSMENT QUESTIONNAIRE
Capture qualitative risk metadata, tailored to your company, at scale
INITIAL INVENTORY
Bulk import of existing inventory or start from scratch