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.

On-boarding in less than 30 Minutes

As a cloud-based service hosted on the Amazon Web Services platform, there is no software to install on your premises. Whether you have an existing inventory or are starting from scratch, the typical on-boarding process is less than 30 minutes.