Systematic Finance

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Audit

Many companies have no formal approach to spreadsheet development and do not set up a formal system for auditing models. This often leads to costly errors and lost time at a later stage.

Method

Systematic provides services and software for auditing spreadsheet models and can provide you with a detailed report on your models. We sign confidentiality agreements and provide fixed price audits with no hidden charges.

If you have a model or project that you would like to discuss, please email us or fill out the contact form.

The example below shows a number of examples of inconsistent code and other errors taken from a working model in use with a client. We provided a comprehensive report demonstrating a series of structural and coding errors.

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Spreadsheet Errors

A simple spreadsheet error cost a firm $24 million. The mistake led to AAA, a big Canadian power generator, buying more US power transmission hedging contracts at higher prices than it should have - "literally a cut-and-paste error in an Excel spreadsheet".