Presented by

Regan Camp Sr Risk Management Consultant Sageworks

Jay Gallo Partner RMPI Consulting

To ask a question during the webinar feel free to enter it into the chat box

along the right hand side of your screen Slides are available there too

Link to download slides

Area to enter questions or

write-in poll answers

Financial information company that provides credit and risk management solutions to financial institutions

Data and applications used by thousands of financial institutions and accounting firms across North America

Awards Named to Inc 500 list of fastest growing privately

held companies in the US

Named to Deloittersquos Technology Fast 500

RMPI Consulting provides process improvement enterprise risk and credit management services to Community Banks throughout the credit life cycle Its

thought leadership has defined industry ldquobest practicesrdquo on a broad range of risk management services

With over 25 years of banking experience each every managing partner understands how to advise financial institutions throughout the economic cycle The firm has offices in Boston and Tampa

Regan Camp Regan is a senior risk management consultant at Sageworks

where he serves as a specialist in assisting financial institutions with accurately interpreting and applying federal accounting guidance His primary focus is allowance for loan and lease loss provisions (ALLL) and stress testing loan portfolios

Jay Gallo Jay is a partner in RMPIrsquos banking practice He directs business

strategy process redesign and enterprise risk management for clients Prior to joining RMPI Consulting Jay worked as risk management consultant at Fair Isaac Corporation in their banking practice

Credit analysisspreadingunderwriting

Stress testing

ALLL calculations

Data tracking ndash charge-offs recoveries etc

Ticklerexception tracking amp reporting

Report generation

What do you use spreadsheets for

Cascading effects of errors

Inconsistency between locations and employees

Version control issues

Non-transferable risk management processes

Data security

Accessibility of historical data for use

Documentation of calculations and processes

Familiarity

Manipulability

Centralization of dataaccessibility

Consistency

Complexity

Regulatory parameters

Accuracy of calculations

Everyone knows it ndash and has it

Been around for decades (1st version of Excel launched in 1985)

Doesnrsquot take a lot of training

Many (free) available resources ndash YouTube coworkers forums etc

The risk of becoming over-reliant andor complacent

Availability of resources can become double-edged sword

Setup of a spreadsheet is often only familiar to the creator ndash each user has their own preferences

Dual control ndash at least 1 other person is reviewing for errors

Be selective in your resources

Familiar with equations

Can create multiple tabsspreadsheets

Blank canvas ndash no constraints

Flexibility ndash incorporate your preferences

Blank canvas ndash must create from scratch

No coding to prevent errorswrongdoings

Secure the calculationspreadsheet

Maintain an audit log

Educate yourself first ndash follow best practices

Not too many ldquocooks in the kitchenrdquo

Save often store multiple copies use a working copy

Ability to run query vlookup tables set up macros etc

Copypaste ndash a lot of data is already captured

Data tracked already ndash easy transition

Can export data to spreadsheet program via core report writer etc

Difficult for multiple users

Gathering of data ndash not an automated way ndash no underlying database

Changes in spreadsheets are difficult to track Difficulty in capturing and building historical

trends For reporting pulling from multiple data sources Since there is no underlying database can be more error-

prone and complex ndash ex ASU2010-20 Disclosure Reports

Data security threats

Save often store multiple copies and use a

working copy

If using spreadsheets use them for a variety of functions Ex Store all data in spreadsheets instead of utilizing

a word processing program in some instances

Program itself is consistent

Data sharinguniversality ndash pick up from one place move to next it is going to be consistent

Can be consistent in usage

Lack of consistency between institutions and among employees within an institution

Version control issues

Lack of consistency in output

No standard documentation

Establish policies and procedures that can serve as the guidelineblueprint Define the desired output

At least one individual should take ownership If there are multiple people inputting data but no

ownership problems could ensue

Minimize how often the spreadsheet changes hands

Pros

User experience isnrsquot necessarily complex Familiarity can reduce the complexity

Cons

Multiple tabs multiple worksheets multiple users

Getting data into the document

KISS ndash ldquoKeep It Simple Stupidrdquo

Keep others in mind during creation and updates Document your changes as much as possible

Establish formal policies and procedures to

provide the roadmap

Ensuring consistency minimizes the negative effect of complexity

Pros

Control As guidance changes you can quickly adapt if knowledgeable

Timely adaptations

Cons

Responsibility to keep up implement

Limitations to accommodating regulatory guidance ldquoIt is likely that many banks particularly community banks

currently do not have readily available the types of data that

would be needed to implement the CECL modelrdquo - FDIC

Utilize available resources to enable others to do the interpretation for you Sageworksrsquo webinar

series and whitepapers 3rd party consulting

and accounting firms Join bankers forums

such as the ALLL Forum for Bankers to look for collaboration of expertsideasknowledge

Leverage otherrsquos knowledge and experiences ndash look for actual spreadsheet examples

Pros

Calculations are automated

Control over calculations

Cons

Multiple tabs multiple worksheets multiple formulas ndash one minor change can have a significant effect ldquoSpreadsheets even after careful development contain

errors in 1 or more of all formula cellsrdquo ndashRay Panko Univ of Hawaii

Automate cells with built-in formulas

whenever possible

Have it reviewed audited validated

Minimize changes ndash be consistent with processes people etc

Brief 8 question-survey

Better prepare for your next OCC FDIC Federal Reserve or NCUA exam

All survey respondents receive a copy of the report with compiled survey results

All participants entered into a drawing to receive one of two $100 Visa gift cards

All survey responses are anonymous

Take the survey here

To ask a question during the webinar feel free to enter it into the chat box

along the right hand side of your screen Slides are available there too

Link to download slides

Area to enter questions or

write-in poll answers

Financial information company that provides credit and risk management solutions to financial institutions

Data and applications used by thousands of financial institutions and accounting firms across North America

Awards Named to Inc 500 list of fastest growing privately

held companies in the US

Named to Deloittersquos Technology Fast 500

RMPI Consulting provides process improvement enterprise risk and credit management services to Community Banks throughout the credit life cycle Its

thought leadership has defined industry ldquobest practicesrdquo on a broad range of risk management services

With over 25 years of banking experience each every managing partner understands how to advise financial institutions throughout the economic cycle The firm has offices in Boston and Tampa

Regan Camp Regan is a senior risk management consultant at Sageworks

where he serves as a specialist in assisting financial institutions with accurately interpreting and applying federal accounting guidance His primary focus is allowance for loan and lease loss provisions (ALLL) and stress testing loan portfolios

Jay Gallo Jay is a partner in RMPIrsquos banking practice He directs business

strategy process redesign and enterprise risk management for clients Prior to joining RMPI Consulting Jay worked as risk management consultant at Fair Isaac Corporation in their banking practice

Credit analysisspreadingunderwriting

Stress testing

ALLL calculations

Data tracking ndash charge-offs recoveries etc

Ticklerexception tracking amp reporting

Report generation

What do you use spreadsheets for

Cascading effects of errors

Inconsistency between locations and employees

Version control issues

Non-transferable risk management processes

Data security

Accessibility of historical data for use

Documentation of calculations and processes

Familiarity

Manipulability

Centralization of dataaccessibility

Consistency

Complexity

Regulatory parameters

Accuracy of calculations

Everyone knows it ndash and has it

Been around for decades (1st version of Excel launched in 1985)

Doesnrsquot take a lot of training

Many (free) available resources ndash YouTube coworkers forums etc

The risk of becoming over-reliant andor complacent

Availability of resources can become double-edged sword

Setup of a spreadsheet is often only familiar to the creator ndash each user has their own preferences

Dual control ndash at least 1 other person is reviewing for errors

Be selective in your resources

Familiar with equations

Can create multiple tabsspreadsheets

Blank canvas ndash no constraints

Flexibility ndash incorporate your preferences

Blank canvas ndash must create from scratch

No coding to prevent errorswrongdoings

Secure the calculationspreadsheet

Maintain an audit log

Educate yourself first ndash follow best practices

Not too many ldquocooks in the kitchenrdquo

Save often store multiple copies use a working copy

Ability to run query vlookup tables set up macros etc

Copypaste ndash a lot of data is already captured

Data tracked already ndash easy transition

Can export data to spreadsheet program via core report writer etc

Difficult for multiple users

Gathering of data ndash not an automated way ndash no underlying database

Changes in spreadsheets are difficult to track Difficulty in capturing and building historical

trends For reporting pulling from multiple data sources Since there is no underlying database can be more error-

prone and complex ndash ex ASU2010-20 Disclosure Reports

Data security threats

Save often store multiple copies and use a

working copy

If using spreadsheets use them for a variety of functions Ex Store all data in spreadsheets instead of utilizing

a word processing program in some instances

Program itself is consistent

Data sharinguniversality ndash pick up from one place move to next it is going to be consistent

Can be consistent in usage

Lack of consistency between institutions and among employees within an institution

Version control issues

Lack of consistency in output

No standard documentation

Establish policies and procedures that can serve as the guidelineblueprint Define the desired output

At least one individual should take ownership If there are multiple people inputting data but no

ownership problems could ensue

Minimize how often the spreadsheet changes hands

Pros

User experience isnrsquot necessarily complex Familiarity can reduce the complexity

Cons

Multiple tabs multiple worksheets multiple users

Getting data into the document

KISS ndash ldquoKeep It Simple Stupidrdquo

Keep others in mind during creation and updates Document your changes as much as possible

Establish formal policies and procedures to

provide the roadmap

Ensuring consistency minimizes the negative effect of complexity

Pros

Control As guidance changes you can quickly adapt if knowledgeable

Timely adaptations

Cons

Responsibility to keep up implement

Limitations to accommodating regulatory guidance ldquoIt is likely that many banks particularly community banks

currently do not have readily available the types of data that

would be needed to implement the CECL modelrdquo - FDIC

Utilize available resources to enable others to do the interpretation for you Sageworksrsquo webinar

series and whitepapers 3rd party consulting

and accounting firms Join bankers forums

such as the ALLL Forum for Bankers to look for collaboration of expertsideasknowledge

Leverage otherrsquos knowledge and experiences ndash look for actual spreadsheet examples

Pros

Calculations are automated

Control over calculations

Cons

Multiple tabs multiple worksheets multiple formulas ndash one minor change can have a significant effect ldquoSpreadsheets even after careful development contain

errors in 1 or more of all formula cellsrdquo ndashRay Panko Univ of Hawaii

Automate cells with built-in formulas

whenever possible

Have it reviewed audited validated

Minimize changes ndash be consistent with processes people etc

Brief 8 question-survey

Better prepare for your next OCC FDIC Federal Reserve or NCUA exam

All survey respondents receive a copy of the report with compiled survey results

All participants entered into a drawing to receive one of two $100 Visa gift cards

All survey responses are anonymous

Take the survey here

Financial information company that provides credit and risk management solutions to financial institutions

Data and applications used by thousands of financial institutions and accounting firms across North America

Awards Named to Inc 500 list of fastest growing privately

held companies in the US

Named to Deloittersquos Technology Fast 500

RMPI Consulting provides process improvement enterprise risk and credit management services to Community Banks throughout the credit life cycle Its

thought leadership has defined industry ldquobest practicesrdquo on a broad range of risk management services

With over 25 years of banking experience each every managing partner understands how to advise financial institutions throughout the economic cycle The firm has offices in Boston and Tampa

Regan Camp Regan is a senior risk management consultant at Sageworks

where he serves as a specialist in assisting financial institutions with accurately interpreting and applying federal accounting guidance His primary focus is allowance for loan and lease loss provisions (ALLL) and stress testing loan portfolios

Jay Gallo Jay is a partner in RMPIrsquos banking practice He directs business

strategy process redesign and enterprise risk management for clients Prior to joining RMPI Consulting Jay worked as risk management consultant at Fair Isaac Corporation in their banking practice

Credit analysisspreadingunderwriting

Stress testing

ALLL calculations

Data tracking ndash charge-offs recoveries etc

Ticklerexception tracking amp reporting

Report generation

What do you use spreadsheets for

Cascading effects of errors

Inconsistency between locations and employees

Version control issues

Non-transferable risk management processes

Data security

Accessibility of historical data for use

Documentation of calculations and processes

Familiarity

Manipulability

Centralization of dataaccessibility

Consistency

Complexity

Regulatory parameters

Accuracy of calculations

Everyone knows it ndash and has it

Been around for decades (1st version of Excel launched in 1985)

Doesnrsquot take a lot of training

Many (free) available resources ndash YouTube coworkers forums etc

The risk of becoming over-reliant andor complacent

Availability of resources can become double-edged sword

Setup of a spreadsheet is often only familiar to the creator ndash each user has their own preferences

Dual control ndash at least 1 other person is reviewing for errors

Be selective in your resources

Familiar with equations

Can create multiple tabsspreadsheets

Blank canvas ndash no constraints

Flexibility ndash incorporate your preferences

Blank canvas ndash must create from scratch

No coding to prevent errorswrongdoings

Secure the calculationspreadsheet

Maintain an audit log

Educate yourself first ndash follow best practices

Not too many ldquocooks in the kitchenrdquo

Save often store multiple copies use a working copy

Ability to run query vlookup tables set up macros etc

Copypaste ndash a lot of data is already captured

Data tracked already ndash easy transition

Can export data to spreadsheet program via core report writer etc

Difficult for multiple users

Gathering of data ndash not an automated way ndash no underlying database

Changes in spreadsheets are difficult to track Difficulty in capturing and building historical

trends For reporting pulling from multiple data sources Since there is no underlying database can be more error-

prone and complex ndash ex ASU2010-20 Disclosure Reports

Data security threats

Save often store multiple copies and use a

working copy

If using spreadsheets use them for a variety of functions Ex Store all data in spreadsheets instead of utilizing

a word processing program in some instances

Program itself is consistent

Data sharinguniversality ndash pick up from one place move to next it is going to be consistent

Can be consistent in usage

Lack of consistency between institutions and among employees within an institution

Version control issues

Lack of consistency in output

No standard documentation

Establish policies and procedures that can serve as the guidelineblueprint Define the desired output

At least one individual should take ownership If there are multiple people inputting data but no

ownership problems could ensue

Minimize how often the spreadsheet changes hands

Pros

User experience isnrsquot necessarily complex Familiarity can reduce the complexity

Cons

Multiple tabs multiple worksheets multiple users

Getting data into the document

KISS ndash ldquoKeep It Simple Stupidrdquo

Keep others in mind during creation and updates Document your changes as much as possible

Establish formal policies and procedures to

provide the roadmap

Ensuring consistency minimizes the negative effect of complexity

Pros

Control As guidance changes you can quickly adapt if knowledgeable

Timely adaptations

Cons

Responsibility to keep up implement

Limitations to accommodating regulatory guidance ldquoIt is likely that many banks particularly community banks

currently do not have readily available the types of data that

would be needed to implement the CECL modelrdquo - FDIC

Utilize available resources to enable others to do the interpretation for you Sageworksrsquo webinar

series and whitepapers 3rd party consulting

and accounting firms Join bankers forums

such as the ALLL Forum for Bankers to look for collaboration of expertsideasknowledge

Leverage otherrsquos knowledge and experiences ndash look for actual spreadsheet examples

Pros

Calculations are automated

Control over calculations

Cons

Multiple tabs multiple worksheets multiple formulas ndash one minor change can have a significant effect ldquoSpreadsheets even after careful development contain

errors in 1 or more of all formula cellsrdquo ndashRay Panko Univ of Hawaii

Automate cells with built-in formulas

whenever possible

Have it reviewed audited validated

Minimize changes ndash be consistent with processes people etc

Brief 8 question-survey

Better prepare for your next OCC FDIC Federal Reserve or NCUA exam

All survey respondents receive a copy of the report with compiled survey results

All participants entered into a drawing to receive one of two $100 Visa gift cards

All survey responses are anonymous

Take the survey here

RMPI Consulting provides process improvement enterprise risk and credit management services to Community Banks throughout the credit life cycle Its

thought leadership has defined industry ldquobest practicesrdquo on a broad range of risk management services

With over 25 years of banking experience each every managing partner understands how to advise financial institutions throughout the economic cycle The firm has offices in Boston and Tampa

Regan Camp Regan is a senior risk management consultant at Sageworks

where he serves as a specialist in assisting financial institutions with accurately interpreting and applying federal accounting guidance His primary focus is allowance for loan and lease loss provisions (ALLL) and stress testing loan portfolios

Jay Gallo Jay is a partner in RMPIrsquos banking practice He directs business

strategy process redesign and enterprise risk management for clients Prior to joining RMPI Consulting Jay worked as risk management consultant at Fair Isaac Corporation in their banking practice

Credit analysisspreadingunderwriting

Stress testing

ALLL calculations

Data tracking ndash charge-offs recoveries etc

Ticklerexception tracking amp reporting

Report generation

What do you use spreadsheets for

Cascading effects of errors

Inconsistency between locations and employees

Version control issues

Non-transferable risk management processes

Data security

Accessibility of historical data for use

Documentation of calculations and processes

Familiarity

Manipulability

Centralization of dataaccessibility

Consistency

Complexity

Regulatory parameters

Accuracy of calculations

Everyone knows it ndash and has it

Been around for decades (1st version of Excel launched in 1985)

Doesnrsquot take a lot of training

Many (free) available resources ndash YouTube coworkers forums etc

The risk of becoming over-reliant andor complacent

Availability of resources can become double-edged sword

Setup of a spreadsheet is often only familiar to the creator ndash each user has their own preferences

Dual control ndash at least 1 other person is reviewing for errors

Be selective in your resources

Familiar with equations

Can create multiple tabsspreadsheets

Blank canvas ndash no constraints

Flexibility ndash incorporate your preferences

Blank canvas ndash must create from scratch

No coding to prevent errorswrongdoings

Secure the calculationspreadsheet

Maintain an audit log

Educate yourself first ndash follow best practices

Not too many ldquocooks in the kitchenrdquo

Save often store multiple copies use a working copy

Ability to run query vlookup tables set up macros etc

Copypaste ndash a lot of data is already captured

Data tracked already ndash easy transition

Can export data to spreadsheet program via core report writer etc

Difficult for multiple users

Gathering of data ndash not an automated way ndash no underlying database

Changes in spreadsheets are difficult to track Difficulty in capturing and building historical

trends For reporting pulling from multiple data sources Since there is no underlying database can be more error-

prone and complex ndash ex ASU2010-20 Disclosure Reports

Data security threats

Save often store multiple copies and use a

working copy

If using spreadsheets use them for a variety of functions Ex Store all data in spreadsheets instead of utilizing

a word processing program in some instances

Program itself is consistent

Data sharinguniversality ndash pick up from one place move to next it is going to be consistent

Can be consistent in usage

Lack of consistency between institutions and among employees within an institution

Version control issues

Lack of consistency in output

No standard documentation

Establish policies and procedures that can serve as the guidelineblueprint Define the desired output

At least one individual should take ownership If there are multiple people inputting data but no

ownership problems could ensue

Minimize how often the spreadsheet changes hands

Pros

User experience isnrsquot necessarily complex Familiarity can reduce the complexity

Cons

Multiple tabs multiple worksheets multiple users

Getting data into the document

KISS ndash ldquoKeep It Simple Stupidrdquo

Keep others in mind during creation and updates Document your changes as much as possible

Establish formal policies and procedures to

provide the roadmap

Ensuring consistency minimizes the negative effect of complexity

Pros

Control As guidance changes you can quickly adapt if knowledgeable

Timely adaptations

Cons

Responsibility to keep up implement

Limitations to accommodating regulatory guidance ldquoIt is likely that many banks particularly community banks

currently do not have readily available the types of data that

would be needed to implement the CECL modelrdquo - FDIC

Utilize available resources to enable others to do the interpretation for you Sageworksrsquo webinar

series and whitepapers 3rd party consulting

and accounting firms Join bankers forums

such as the ALLL Forum for Bankers to look for collaboration of expertsideasknowledge

Leverage otherrsquos knowledge and experiences ndash look for actual spreadsheet examples

Pros

Calculations are automated

Control over calculations

Cons

Multiple tabs multiple worksheets multiple formulas ndash one minor change can have a significant effect ldquoSpreadsheets even after careful development contain

errors in 1 or more of all formula cellsrdquo ndashRay Panko Univ of Hawaii

Automate cells with built-in formulas

whenever possible

Have it reviewed audited validated

Minimize changes ndash be consistent with processes people etc

Brief 8 question-survey

Better prepare for your next OCC FDIC Federal Reserve or NCUA exam

All survey respondents receive a copy of the report with compiled survey results

All participants entered into a drawing to receive one of two $100 Visa gift cards

All survey responses are anonymous

Take the survey here

Regan Camp Regan is a senior risk management consultant at Sageworks

where he serves as a specialist in assisting financial institutions with accurately interpreting and applying federal accounting guidance His primary focus is allowance for loan and lease loss provisions (ALLL) and stress testing loan portfolios

Jay Gallo Jay is a partner in RMPIrsquos banking practice He directs business

strategy process redesign and enterprise risk management for clients Prior to joining RMPI Consulting Jay worked as risk management consultant at Fair Isaac Corporation in their banking practice

Credit analysisspreadingunderwriting

Stress testing

ALLL calculations

Data tracking ndash charge-offs recoveries etc

Ticklerexception tracking amp reporting

Report generation

What do you use spreadsheets for

Cascading effects of errors

Inconsistency between locations and employees

Version control issues

Non-transferable risk management processes

Data security

Accessibility of historical data for use

Documentation of calculations and processes

Familiarity

Manipulability

Centralization of dataaccessibility

Consistency

Complexity

Regulatory parameters

Accuracy of calculations

Everyone knows it ndash and has it

Been around for decades (1st version of Excel launched in 1985)

Doesnrsquot take a lot of training

Many (free) available resources ndash YouTube coworkers forums etc

The risk of becoming over-reliant andor complacent

Availability of resources can become double-edged sword

Setup of a spreadsheet is often only familiar to the creator ndash each user has their own preferences

Dual control ndash at least 1 other person is reviewing for errors

Be selective in your resources

Familiar with equations

Can create multiple tabsspreadsheets

Blank canvas ndash no constraints

Flexibility ndash incorporate your preferences

Blank canvas ndash must create from scratch

No coding to prevent errorswrongdoings

Secure the calculationspreadsheet

Maintain an audit log

Educate yourself first ndash follow best practices

Not too many ldquocooks in the kitchenrdquo

Save often store multiple copies use a working copy

Ability to run query vlookup tables set up macros etc

Copypaste ndash a lot of data is already captured

Data tracked already ndash easy transition

Can export data to spreadsheet program via core report writer etc

Difficult for multiple users

Gathering of data ndash not an automated way ndash no underlying database

Changes in spreadsheets are difficult to track Difficulty in capturing and building historical

trends For reporting pulling from multiple data sources Since there is no underlying database can be more error-

prone and complex ndash ex ASU2010-20 Disclosure Reports

Data security threats

Save often store multiple copies and use a

working copy

If using spreadsheets use them for a variety of functions Ex Store all data in spreadsheets instead of utilizing

a word processing program in some instances

Program itself is consistent

Data sharinguniversality ndash pick up from one place move to next it is going to be consistent

Can be consistent in usage

Lack of consistency between institutions and among employees within an institution

Version control issues

Lack of consistency in output

No standard documentation

Establish policies and procedures that can serve as the guidelineblueprint Define the desired output

At least one individual should take ownership If there are multiple people inputting data but no

ownership problems could ensue

Minimize how often the spreadsheet changes hands

Pros

User experience isnrsquot necessarily complex Familiarity can reduce the complexity

Cons

Multiple tabs multiple worksheets multiple users

Getting data into the document

KISS ndash ldquoKeep It Simple Stupidrdquo

Keep others in mind during creation and updates Document your changes as much as possible

Establish formal policies and procedures to

provide the roadmap

Ensuring consistency minimizes the negative effect of complexity

Pros

Control As guidance changes you can quickly adapt if knowledgeable

Timely adaptations

Cons

Responsibility to keep up implement

Limitations to accommodating regulatory guidance ldquoIt is likely that many banks particularly community banks

currently do not have readily available the types of data that

would be needed to implement the CECL modelrdquo - FDIC

Utilize available resources to enable others to do the interpretation for you Sageworksrsquo webinar

series and whitepapers 3rd party consulting

and accounting firms Join bankers forums

such as the ALLL Forum for Bankers to look for collaboration of expertsideasknowledge

Leverage otherrsquos knowledge and experiences ndash look for actual spreadsheet examples

Pros

Calculations are automated

Control over calculations

Cons

Multiple tabs multiple worksheets multiple formulas ndash one minor change can have a significant effect ldquoSpreadsheets even after careful development contain

errors in 1 or more of all formula cellsrdquo ndashRay Panko Univ of Hawaii

Automate cells with built-in formulas

whenever possible

Have it reviewed audited validated

Minimize changes ndash be consistent with processes people etc

Brief 8 question-survey

Better prepare for your next OCC FDIC Federal Reserve or NCUA exam

All survey respondents receive a copy of the report with compiled survey results

All participants entered into a drawing to receive one of two $100 Visa gift cards

All survey responses are anonymous

Take the survey here

Credit analysisspreadingunderwriting

Stress testing

ALLL calculations

Data tracking ndash charge-offs recoveries etc

Ticklerexception tracking amp reporting

Report generation

What do you use spreadsheets for

Cascading effects of errors

Inconsistency between locations and employees

Version control issues

Non-transferable risk management processes

Data security

Accessibility of historical data for use

Documentation of calculations and processes

Familiarity

Manipulability

Centralization of dataaccessibility

Consistency

Complexity

Regulatory parameters

Accuracy of calculations

Everyone knows it ndash and has it

Been around for decades (1st version of Excel launched in 1985)

Doesnrsquot take a lot of training

Many (free) available resources ndash YouTube coworkers forums etc

The risk of becoming over-reliant andor complacent

Availability of resources can become double-edged sword

Setup of a spreadsheet is often only familiar to the creator ndash each user has their own preferences

Dual control ndash at least 1 other person is reviewing for errors

Be selective in your resources

Familiar with equations

Can create multiple tabsspreadsheets

Blank canvas ndash no constraints

Flexibility ndash incorporate your preferences

Blank canvas ndash must create from scratch

No coding to prevent errorswrongdoings

Secure the calculationspreadsheet

Maintain an audit log

Educate yourself first ndash follow best practices

Not too many ldquocooks in the kitchenrdquo

Save often store multiple copies use a working copy

Ability to run query vlookup tables set up macros etc

Copypaste ndash a lot of data is already captured

Data tracked already ndash easy transition

Can export data to spreadsheet program via core report writer etc

Difficult for multiple users

Gathering of data ndash not an automated way ndash no underlying database

Changes in spreadsheets are difficult to track Difficulty in capturing and building historical

trends For reporting pulling from multiple data sources Since there is no underlying database can be more error-

prone and complex ndash ex ASU2010-20 Disclosure Reports

Data security threats

Save often store multiple copies and use a

working copy

If using spreadsheets use them for a variety of functions Ex Store all data in spreadsheets instead of utilizing

a word processing program in some instances

Program itself is consistent

Data sharinguniversality ndash pick up from one place move to next it is going to be consistent

Can be consistent in usage

Lack of consistency between institutions and among employees within an institution

Version control issues

Lack of consistency in output

No standard documentation

Establish policies and procedures that can serve as the guidelineblueprint Define the desired output

At least one individual should take ownership If there are multiple people inputting data but no

ownership problems could ensue

Minimize how often the spreadsheet changes hands

Pros

User experience isnrsquot necessarily complex Familiarity can reduce the complexity

Cons

Multiple tabs multiple worksheets multiple users

Getting data into the document

KISS ndash ldquoKeep It Simple Stupidrdquo

Keep others in mind during creation and updates Document your changes as much as possible

Establish formal policies and procedures to

provide the roadmap

Ensuring consistency minimizes the negative effect of complexity

Pros

Control As guidance changes you can quickly adapt if knowledgeable

Timely adaptations

Cons

Responsibility to keep up implement

Limitations to accommodating regulatory guidance ldquoIt is likely that many banks particularly community banks

currently do not have readily available the types of data that

would be needed to implement the CECL modelrdquo - FDIC

Utilize available resources to enable others to do the interpretation for you Sageworksrsquo webinar

series and whitepapers 3rd party consulting

and accounting firms Join bankers forums

such as the ALLL Forum for Bankers to look for collaboration of expertsideasknowledge

Leverage otherrsquos knowledge and experiences ndash look for actual spreadsheet examples

Pros

Calculations are automated

Control over calculations

Cons

Multiple tabs multiple worksheets multiple formulas ndash one minor change can have a significant effect ldquoSpreadsheets even after careful development contain

errors in 1 or more of all formula cellsrdquo ndashRay Panko Univ of Hawaii

Automate cells with built-in formulas

whenever possible

Have it reviewed audited validated

Minimize changes ndash be consistent with processes people etc

Brief 8 question-survey

Better prepare for your next OCC FDIC Federal Reserve or NCUA exam

All survey respondents receive a copy of the report with compiled survey results

All participants entered into a drawing to receive one of two $100 Visa gift cards

All survey responses are anonymous

Take the survey here

Cascading effects of errors

Inconsistency between locations and employees

Version control issues

Non-transferable risk management processes

Data security

Accessibility of historical data for use

Documentation of calculations and processes

Familiarity

Manipulability

Centralization of dataaccessibility

Consistency

Complexity

Regulatory parameters

Accuracy of calculations

Everyone knows it ndash and has it

Been around for decades (1st version of Excel launched in 1985)

Doesnrsquot take a lot of training

Many (free) available resources ndash YouTube coworkers forums etc

The risk of becoming over-reliant andor complacent

Availability of resources can become double-edged sword

Setup of a spreadsheet is often only familiar to the creator ndash each user has their own preferences

Dual control ndash at least 1 other person is reviewing for errors

Be selective in your resources

Familiar with equations

Can create multiple tabsspreadsheets

Blank canvas ndash no constraints

Flexibility ndash incorporate your preferences

Blank canvas ndash must create from scratch

No coding to prevent errorswrongdoings

Secure the calculationspreadsheet

Maintain an audit log

Educate yourself first ndash follow best practices

Not too many ldquocooks in the kitchenrdquo

Save often store multiple copies use a working copy

Ability to run query vlookup tables set up macros etc

Copypaste ndash a lot of data is already captured

Data tracked already ndash easy transition

Can export data to spreadsheet program via core report writer etc

Difficult for multiple users

Gathering of data ndash not an automated way ndash no underlying database

Changes in spreadsheets are difficult to track Difficulty in capturing and building historical

trends For reporting pulling from multiple data sources Since there is no underlying database can be more error-

prone and complex ndash ex ASU2010-20 Disclosure Reports

Data security threats

Save often store multiple copies and use a

working copy

If using spreadsheets use them for a variety of functions Ex Store all data in spreadsheets instead of utilizing

a word processing program in some instances

Program itself is consistent

Data sharinguniversality ndash pick up from one place move to next it is going to be consistent

Can be consistent in usage

Lack of consistency between institutions and among employees within an institution

Version control issues

Lack of consistency in output

No standard documentation

Establish policies and procedures that can serve as the guidelineblueprint Define the desired output

At least one individual should take ownership If there are multiple people inputting data but no

ownership problems could ensue

Minimize how often the spreadsheet changes hands

Pros

User experience isnrsquot necessarily complex Familiarity can reduce the complexity

Cons

Multiple tabs multiple worksheets multiple users

Getting data into the document

KISS ndash ldquoKeep It Simple Stupidrdquo

Keep others in mind during creation and updates Document your changes as much as possible

Establish formal policies and procedures to

provide the roadmap

Ensuring consistency minimizes the negative effect of complexity

Pros

Control As guidance changes you can quickly adapt if knowledgeable

Timely adaptations

Cons

Responsibility to keep up implement

Limitations to accommodating regulatory guidance ldquoIt is likely that many banks particularly community banks

currently do not have readily available the types of data that

would be needed to implement the CECL modelrdquo - FDIC

Utilize available resources to enable others to do the interpretation for you Sageworksrsquo webinar

series and whitepapers 3rd party consulting

and accounting firms Join bankers forums

such as the ALLL Forum for Bankers to look for collaboration of expertsideasknowledge

Leverage otherrsquos knowledge and experiences ndash look for actual spreadsheet examples

Pros

Calculations are automated

Control over calculations

Cons

Multiple tabs multiple worksheets multiple formulas ndash one minor change can have a significant effect ldquoSpreadsheets even after careful development contain

errors in 1 or more of all formula cellsrdquo ndashRay Panko Univ of Hawaii

Automate cells with built-in formulas

whenever possible

Have it reviewed audited validated

Minimize changes ndash be consistent with processes people etc

Brief 8 question-survey

Better prepare for your next OCC FDIC Federal Reserve or NCUA exam

All survey respondents receive a copy of the report with compiled survey results

All participants entered into a drawing to receive one of two $100 Visa gift cards

All survey responses are anonymous

Take the survey here

Familiarity

Manipulability

Centralization of dataaccessibility

Consistency

Complexity

Regulatory parameters

Accuracy of calculations

Everyone knows it ndash and has it

Been around for decades (1st version of Excel launched in 1985)

Doesnrsquot take a lot of training

Many (free) available resources ndash YouTube coworkers forums etc

The risk of becoming over-reliant andor complacent

Availability of resources can become double-edged sword

Setup of a spreadsheet is often only familiar to the creator ndash each user has their own preferences

Dual control ndash at least 1 other person is reviewing for errors

Be selective in your resources

Familiar with equations

Can create multiple tabsspreadsheets

Blank canvas ndash no constraints

Flexibility ndash incorporate your preferences

Blank canvas ndash must create from scratch

No coding to prevent errorswrongdoings

Secure the calculationspreadsheet

Maintain an audit log

Educate yourself first ndash follow best practices

Not too many ldquocooks in the kitchenrdquo

Save often store multiple copies use a working copy

Ability to run query vlookup tables set up macros etc

Copypaste ndash a lot of data is already captured

Data tracked already ndash easy transition

Can export data to spreadsheet program via core report writer etc

Difficult for multiple users

Gathering of data ndash not an automated way ndash no underlying database

Changes in spreadsheets are difficult to track Difficulty in capturing and building historical

trends For reporting pulling from multiple data sources Since there is no underlying database can be more error-

prone and complex ndash ex ASU2010-20 Disclosure Reports

Data security threats

Save often store multiple copies and use a

working copy

If using spreadsheets use them for a variety of functions Ex Store all data in spreadsheets instead of utilizing

a word processing program in some instances

Program itself is consistent

Data sharinguniversality ndash pick up from one place move to next it is going to be consistent

Can be consistent in usage

Lack of consistency between institutions and among employees within an institution

Version control issues

Lack of consistency in output

No standard documentation

Establish policies and procedures that can serve as the guidelineblueprint Define the desired output

At least one individual should take ownership If there are multiple people inputting data but no

ownership problems could ensue

Minimize how often the spreadsheet changes hands

Pros

User experience isnrsquot necessarily complex Familiarity can reduce the complexity

Cons

Multiple tabs multiple worksheets multiple users

Getting data into the document

KISS ndash ldquoKeep It Simple Stupidrdquo

Keep others in mind during creation and updates Document your changes as much as possible

Establish formal policies and procedures to

provide the roadmap

Ensuring consistency minimizes the negative effect of complexity

Pros

Control As guidance changes you can quickly adapt if knowledgeable

Timely adaptations

Cons

Responsibility to keep up implement

Limitations to accommodating regulatory guidance ldquoIt is likely that many banks particularly community banks

currently do not have readily available the types of data that

would be needed to implement the CECL modelrdquo - FDIC

Utilize available resources to enable others to do the interpretation for you Sageworksrsquo webinar

series and whitepapers 3rd party consulting

and accounting firms Join bankers forums

such as the ALLL Forum for Bankers to look for collaboration of expertsideasknowledge

Leverage otherrsquos knowledge and experiences ndash look for actual spreadsheet examples

Pros

Calculations are automated

Control over calculations

Cons

Multiple tabs multiple worksheets multiple formulas ndash one minor change can have a significant effect ldquoSpreadsheets even after careful development contain

errors in 1 or more of all formula cellsrdquo ndashRay Panko Univ of Hawaii

Automate cells with built-in formulas

whenever possible

Have it reviewed audited validated

Minimize changes ndash be consistent with processes people etc

Brief 8 question-survey

Better prepare for your next OCC FDIC Federal Reserve or NCUA exam

All survey respondents receive a copy of the report with compiled survey results

All participants entered into a drawing to receive one of two $100 Visa gift cards

All survey responses are anonymous

Take the survey here

Everyone knows it ndash and has it

Been around for decades (1st version of Excel launched in 1985)

Doesnrsquot take a lot of training

Many (free) available resources ndash YouTube coworkers forums etc

The risk of becoming over-reliant andor complacent

Availability of resources can become double-edged sword

Setup of a spreadsheet is often only familiar to the creator ndash each user has their own preferences

Dual control ndash at least 1 other person is reviewing for errors

Be selective in your resources

Familiar with equations

Can create multiple tabsspreadsheets

Blank canvas ndash no constraints

Flexibility ndash incorporate your preferences

Blank canvas ndash must create from scratch

No coding to prevent errorswrongdoings

Secure the calculationspreadsheet

Maintain an audit log

Educate yourself first ndash follow best practices

Not too many ldquocooks in the kitchenrdquo

Save often store multiple copies use a working copy

Ability to run query vlookup tables set up macros etc

Copypaste ndash a lot of data is already captured

Data tracked already ndash easy transition

Can export data to spreadsheet program via core report writer etc

Difficult for multiple users

Gathering of data ndash not an automated way ndash no underlying database

Changes in spreadsheets are difficult to track Difficulty in capturing and building historical

trends For reporting pulling from multiple data sources Since there is no underlying database can be more error-

prone and complex ndash ex ASU2010-20 Disclosure Reports

Data security threats

Save often store multiple copies and use a

working copy

If using spreadsheets use them for a variety of functions Ex Store all data in spreadsheets instead of utilizing

a word processing program in some instances

Program itself is consistent

Data sharinguniversality ndash pick up from one place move to next it is going to be consistent

Can be consistent in usage

Lack of consistency between institutions and among employees within an institution

Version control issues

Lack of consistency in output

No standard documentation

Establish policies and procedures that can serve as the guidelineblueprint Define the desired output

At least one individual should take ownership If there are multiple people inputting data but no

ownership problems could ensue

Minimize how often the spreadsheet changes hands

Pros

User experience isnrsquot necessarily complex Familiarity can reduce the complexity

Cons

Multiple tabs multiple worksheets multiple users

Getting data into the document

KISS ndash ldquoKeep It Simple Stupidrdquo

Keep others in mind during creation and updates Document your changes as much as possible

Establish formal policies and procedures to

provide the roadmap

Ensuring consistency minimizes the negative effect of complexity

Pros

Control As guidance changes you can quickly adapt if knowledgeable

Timely adaptations

Cons

Responsibility to keep up implement

Limitations to accommodating regulatory guidance ldquoIt is likely that many banks particularly community banks

currently do not have readily available the types of data that

would be needed to implement the CECL modelrdquo - FDIC

Utilize available resources to enable others to do the interpretation for you Sageworksrsquo webinar

series and whitepapers 3rd party consulting

and accounting firms Join bankers forums

such as the ALLL Forum for Bankers to look for collaboration of expertsideasknowledge

Leverage otherrsquos knowledge and experiences ndash look for actual spreadsheet examples

Pros

Calculations are automated

Control over calculations

Cons

Multiple tabs multiple worksheets multiple formulas ndash one minor change can have a significant effect ldquoSpreadsheets even after careful development contain

errors in 1 or more of all formula cellsrdquo ndashRay Panko Univ of Hawaii

Automate cells with built-in formulas

whenever possible

Have it reviewed audited validated

Minimize changes ndash be consistent with processes people etc

Brief 8 question-survey

Better prepare for your next OCC FDIC Federal Reserve or NCUA exam

All survey respondents receive a copy of the report with compiled survey results

All participants entered into a drawing to receive one of two $100 Visa gift cards

All survey responses are anonymous

Take the survey here

The risk of becoming over-reliant andor complacent

Availability of resources can become double-edged sword

Setup of a spreadsheet is often only familiar to the creator ndash each user has their own preferences

Dual control ndash at least 1 other person is reviewing for errors

Be selective in your resources

Familiar with equations

Can create multiple tabsspreadsheets

Blank canvas ndash no constraints

Flexibility ndash incorporate your preferences

Blank canvas ndash must create from scratch

No coding to prevent errorswrongdoings

Secure the calculationspreadsheet

Maintain an audit log

Educate yourself first ndash follow best practices

Not too many ldquocooks in the kitchenrdquo

Save often store multiple copies use a working copy

Ability to run query vlookup tables set up macros etc

Copypaste ndash a lot of data is already captured

Data tracked already ndash easy transition

Can export data to spreadsheet program via core report writer etc

Difficult for multiple users

Gathering of data ndash not an automated way ndash no underlying database

Changes in spreadsheets are difficult to track Difficulty in capturing and building historical

trends For reporting pulling from multiple data sources Since there is no underlying database can be more error-

prone and complex ndash ex ASU2010-20 Disclosure Reports

Data security threats

Save often store multiple copies and use a

working copy

If using spreadsheets use them for a variety of functions Ex Store all data in spreadsheets instead of utilizing

a word processing program in some instances

Program itself is consistent

Data sharinguniversality ndash pick up from one place move to next it is going to be consistent

Can be consistent in usage

Lack of consistency between institutions and among employees within an institution

Version control issues

Lack of consistency in output

No standard documentation

Establish policies and procedures that can serve as the guidelineblueprint Define the desired output

At least one individual should take ownership If there are multiple people inputting data but no

ownership problems could ensue

Minimize how often the spreadsheet changes hands

Pros

User experience isnrsquot necessarily complex Familiarity can reduce the complexity

Cons

Multiple tabs multiple worksheets multiple users

Getting data into the document

KISS ndash ldquoKeep It Simple Stupidrdquo

Keep others in mind during creation and updates Document your changes as much as possible

Establish formal policies and procedures to

provide the roadmap

Ensuring consistency minimizes the negative effect of complexity

Pros

Control As guidance changes you can quickly adapt if knowledgeable

Timely adaptations

Cons

Responsibility to keep up implement

Limitations to accommodating regulatory guidance ldquoIt is likely that many banks particularly community banks

currently do not have readily available the types of data that

would be needed to implement the CECL modelrdquo - FDIC

Utilize available resources to enable others to do the interpretation for you Sageworksrsquo webinar

series and whitepapers 3rd party consulting

and accounting firms Join bankers forums

such as the ALLL Forum for Bankers to look for collaboration of expertsideasknowledge

Leverage otherrsquos knowledge and experiences ndash look for actual spreadsheet examples

Pros

Calculations are automated

Control over calculations

Cons

Multiple tabs multiple worksheets multiple formulas ndash one minor change can have a significant effect ldquoSpreadsheets even after careful development contain

errors in 1 or more of all formula cellsrdquo ndashRay Panko Univ of Hawaii

Automate cells with built-in formulas

whenever possible

Have it reviewed audited validated

Minimize changes ndash be consistent with processes people etc

Brief 8 question-survey

Better prepare for your next OCC FDIC Federal Reserve or NCUA exam

All survey respondents receive a copy of the report with compiled survey results

All participants entered into a drawing to receive one of two $100 Visa gift cards

All survey responses are anonymous

Take the survey here

Dual control ndash at least 1 other person is reviewing for errors

Be selective in your resources

Familiar with equations

Can create multiple tabsspreadsheets

Blank canvas ndash no constraints

Flexibility ndash incorporate your preferences

Blank canvas ndash must create from scratch

No coding to prevent errorswrongdoings

Secure the calculationspreadsheet

Maintain an audit log

Educate yourself first ndash follow best practices

Not too many ldquocooks in the kitchenrdquo

Save often store multiple copies use a working copy

Ability to run query vlookup tables set up macros etc

Copypaste ndash a lot of data is already captured

Data tracked already ndash easy transition

Can export data to spreadsheet program via core report writer etc

Difficult for multiple users

Gathering of data ndash not an automated way ndash no underlying database

Changes in spreadsheets are difficult to track Difficulty in capturing and building historical

trends For reporting pulling from multiple data sources Since there is no underlying database can be more error-

prone and complex ndash ex ASU2010-20 Disclosure Reports

Data security threats

Save often store multiple copies and use a

working copy

If using spreadsheets use them for a variety of functions Ex Store all data in spreadsheets instead of utilizing

a word processing program in some instances

Program itself is consistent

Data sharinguniversality ndash pick up from one place move to next it is going to be consistent

Can be consistent in usage

Lack of consistency between institutions and among employees within an institution

Version control issues

Lack of consistency in output

No standard documentation

Establish policies and procedures that can serve as the guidelineblueprint Define the desired output

At least one individual should take ownership If there are multiple people inputting data but no

ownership problems could ensue

Minimize how often the spreadsheet changes hands

Pros

User experience isnrsquot necessarily complex Familiarity can reduce the complexity

Cons

Multiple tabs multiple worksheets multiple users

Getting data into the document

KISS ndash ldquoKeep It Simple Stupidrdquo

Keep others in mind during creation and updates Document your changes as much as possible

Establish formal policies and procedures to

provide the roadmap

Ensuring consistency minimizes the negative effect of complexity

Pros

Control As guidance changes you can quickly adapt if knowledgeable

Timely adaptations

Cons

Responsibility to keep up implement

Limitations to accommodating regulatory guidance ldquoIt is likely that many banks particularly community banks

currently do not have readily available the types of data that

would be needed to implement the CECL modelrdquo - FDIC

Utilize available resources to enable others to do the interpretation for you Sageworksrsquo webinar

series and whitepapers 3rd party consulting

and accounting firms Join bankers forums

such as the ALLL Forum for Bankers to look for collaboration of expertsideasknowledge

Leverage otherrsquos knowledge and experiences ndash look for actual spreadsheet examples

Pros

Calculations are automated

Control over calculations

Cons

Multiple tabs multiple worksheets multiple formulas ndash one minor change can have a significant effect ldquoSpreadsheets even after careful development contain

errors in 1 or more of all formula cellsrdquo ndashRay Panko Univ of Hawaii

Automate cells with built-in formulas

whenever possible

Have it reviewed audited validated

Minimize changes ndash be consistent with processes people etc

Brief 8 question-survey

Better prepare for your next OCC FDIC Federal Reserve or NCUA exam

All survey respondents receive a copy of the report with compiled survey results

All participants entered into a drawing to receive one of two $100 Visa gift cards

All survey responses are anonymous

Take the survey here

Familiar with equations

Can create multiple tabsspreadsheets

Blank canvas ndash no constraints

Flexibility ndash incorporate your preferences

Blank canvas ndash must create from scratch

No coding to prevent errorswrongdoings

Secure the calculationspreadsheet

Maintain an audit log

Educate yourself first ndash follow best practices

Not too many ldquocooks in the kitchenrdquo

Save often store multiple copies use a working copy

Ability to run query vlookup tables set up macros etc

Copypaste ndash a lot of data is already captured

Data tracked already ndash easy transition

Can export data to spreadsheet program via core report writer etc

Difficult for multiple users

Gathering of data ndash not an automated way ndash no underlying database

Changes in spreadsheets are difficult to track Difficulty in capturing and building historical

trends For reporting pulling from multiple data sources Since there is no underlying database can be more error-

prone and complex ndash ex ASU2010-20 Disclosure Reports

Data security threats

Save often store multiple copies and use a

working copy

If using spreadsheets use them for a variety of functions Ex Store all data in spreadsheets instead of utilizing

a word processing program in some instances

Program itself is consistent

Data sharinguniversality ndash pick up from one place move to next it is going to be consistent

Can be consistent in usage

Lack of consistency between institutions and among employees within an institution

Version control issues

Lack of consistency in output

No standard documentation

Establish policies and procedures that can serve as the guidelineblueprint Define the desired output

At least one individual should take ownership If there are multiple people inputting data but no

ownership problems could ensue

Minimize how often the spreadsheet changes hands

Pros

User experience isnrsquot necessarily complex Familiarity can reduce the complexity

Cons

Multiple tabs multiple worksheets multiple users

Getting data into the document

KISS ndash ldquoKeep It Simple Stupidrdquo

Keep others in mind during creation and updates Document your changes as much as possible

Establish formal policies and procedures to

provide the roadmap

Ensuring consistency minimizes the negative effect of complexity

Pros

Control As guidance changes you can quickly adapt if knowledgeable

Timely adaptations

Cons

Responsibility to keep up implement

Limitations to accommodating regulatory guidance ldquoIt is likely that many banks particularly community banks

currently do not have readily available the types of data that

would be needed to implement the CECL modelrdquo - FDIC

Utilize available resources to enable others to do the interpretation for you Sageworksrsquo webinar

series and whitepapers 3rd party consulting

and accounting firms Join bankers forums

such as the ALLL Forum for Bankers to look for collaboration of expertsideasknowledge

Leverage otherrsquos knowledge and experiences ndash look for actual spreadsheet examples

Pros

Calculations are automated

Control over calculations

Cons

Multiple tabs multiple worksheets multiple formulas ndash one minor change can have a significant effect ldquoSpreadsheets even after careful development contain

errors in 1 or more of all formula cellsrdquo ndashRay Panko Univ of Hawaii

Automate cells with built-in formulas

whenever possible

Have it reviewed audited validated

Minimize changes ndash be consistent with processes people etc

Brief 8 question-survey

Better prepare for your next OCC FDIC Federal Reserve or NCUA exam

All survey respondents receive a copy of the report with compiled survey results

All participants entered into a drawing to receive one of two $100 Visa gift cards

All survey responses are anonymous

Take the survey here

Blank canvas ndash must create from scratch

No coding to prevent errorswrongdoings

Secure the calculationspreadsheet

Maintain an audit log

Educate yourself first ndash follow best practices

Not too many ldquocooks in the kitchenrdquo

Save often store multiple copies use a working copy

Ability to run query vlookup tables set up macros etc

Copypaste ndash a lot of data is already captured

Data tracked already ndash easy transition

Can export data to spreadsheet program via core report writer etc

Difficult for multiple users

Gathering of data ndash not an automated way ndash no underlying database

Changes in spreadsheets are difficult to track Difficulty in capturing and building historical

trends For reporting pulling from multiple data sources Since there is no underlying database can be more error-

prone and complex ndash ex ASU2010-20 Disclosure Reports

Data security threats

Save often store multiple copies and use a

working copy

If using spreadsheets use them for a variety of functions Ex Store all data in spreadsheets instead of utilizing

a word processing program in some instances

Program itself is consistent

Data sharinguniversality ndash pick up from one place move to next it is going to be consistent

Can be consistent in usage

Lack of consistency between institutions and among employees within an institution

Version control issues

Lack of consistency in output

No standard documentation

Establish policies and procedures that can serve as the guidelineblueprint Define the desired output

At least one individual should take ownership If there are multiple people inputting data but no

ownership problems could ensue

Minimize how often the spreadsheet changes hands

Pros

User experience isnrsquot necessarily complex Familiarity can reduce the complexity

Cons

Multiple tabs multiple worksheets multiple users

Getting data into the document

KISS ndash ldquoKeep It Simple Stupidrdquo

Keep others in mind during creation and updates Document your changes as much as possible

Establish formal policies and procedures to

provide the roadmap

Ensuring consistency minimizes the negative effect of complexity

Pros

Control As guidance changes you can quickly adapt if knowledgeable

Timely adaptations

Cons

Responsibility to keep up implement

Limitations to accommodating regulatory guidance ldquoIt is likely that many banks particularly community banks

currently do not have readily available the types of data that

would be needed to implement the CECL modelrdquo - FDIC

Utilize available resources to enable others to do the interpretation for you Sageworksrsquo webinar

series and whitepapers 3rd party consulting

and accounting firms Join bankers forums

such as the ALLL Forum for Bankers to look for collaboration of expertsideasknowledge

Leverage otherrsquos knowledge and experiences ndash look for actual spreadsheet examples

Pros

Calculations are automated

Control over calculations

Cons

Multiple tabs multiple worksheets multiple formulas ndash one minor change can have a significant effect ldquoSpreadsheets even after careful development contain

errors in 1 or more of all formula cellsrdquo ndashRay Panko Univ of Hawaii

Automate cells with built-in formulas

whenever possible

Have it reviewed audited validated

Minimize changes ndash be consistent with processes people etc

Brief 8 question-survey

Better prepare for your next OCC FDIC Federal Reserve or NCUA exam

All survey respondents receive a copy of the report with compiled survey results

All participants entered into a drawing to receive one of two $100 Visa gift cards

All survey responses are anonymous

Take the survey here

Secure the calculationspreadsheet

Maintain an audit log

Educate yourself first ndash follow best practices

Not too many ldquocooks in the kitchenrdquo

Save often store multiple copies use a working copy

Ability to run query vlookup tables set up macros etc

Copypaste ndash a lot of data is already captured

Data tracked already ndash easy transition

Can export data to spreadsheet program via core report writer etc

Difficult for multiple users

Gathering of data ndash not an automated way ndash no underlying database

Changes in spreadsheets are difficult to track Difficulty in capturing and building historical

trends For reporting pulling from multiple data sources Since there is no underlying database can be more error-

prone and complex ndash ex ASU2010-20 Disclosure Reports

Data security threats

Save often store multiple copies and use a

working copy

If using spreadsheets use them for a variety of functions Ex Store all data in spreadsheets instead of utilizing

a word processing program in some instances

Program itself is consistent

Data sharinguniversality ndash pick up from one place move to next it is going to be consistent

Can be consistent in usage

Lack of consistency between institutions and among employees within an institution

Version control issues

Lack of consistency in output

No standard documentation

Establish policies and procedures that can serve as the guidelineblueprint Define the desired output

At least one individual should take ownership If there are multiple people inputting data but no

ownership problems could ensue

Minimize how often the spreadsheet changes hands

Pros

User experience isnrsquot necessarily complex Familiarity can reduce the complexity

Cons

Multiple tabs multiple worksheets multiple users

Getting data into the document

KISS ndash ldquoKeep It Simple Stupidrdquo

Keep others in mind during creation and updates Document your changes as much as possible

Establish formal policies and procedures to

provide the roadmap

Ensuring consistency minimizes the negative effect of complexity

Pros

Control As guidance changes you can quickly adapt if knowledgeable

Timely adaptations

Cons

Responsibility to keep up implement

Limitations to accommodating regulatory guidance ldquoIt is likely that many banks particularly community banks

currently do not have readily available the types of data that

would be needed to implement the CECL modelrdquo - FDIC

Utilize available resources to enable others to do the interpretation for you Sageworksrsquo webinar

series and whitepapers 3rd party consulting

and accounting firms Join bankers forums

such as the ALLL Forum for Bankers to look for collaboration of expertsideasknowledge

Leverage otherrsquos knowledge and experiences ndash look for actual spreadsheet examples

Pros

Calculations are automated

Control over calculations

Cons

Multiple tabs multiple worksheets multiple formulas ndash one minor change can have a significant effect ldquoSpreadsheets even after careful development contain

errors in 1 or more of all formula cellsrdquo ndashRay Panko Univ of Hawaii

Automate cells with built-in formulas

whenever possible

Have it reviewed audited validated

Minimize changes ndash be consistent with processes people etc

Brief 8 question-survey

Better prepare for your next OCC FDIC Federal Reserve or NCUA exam

All survey respondents receive a copy of the report with compiled survey results

All participants entered into a drawing to receive one of two $100 Visa gift cards

All survey responses are anonymous

Take the survey here

Ability to run query vlookup tables set up macros etc

Copypaste ndash a lot of data is already captured

Data tracked already ndash easy transition

Can export data to spreadsheet program via core report writer etc

Difficult for multiple users

Gathering of data ndash not an automated way ndash no underlying database

Changes in spreadsheets are difficult to track Difficulty in capturing and building historical

trends For reporting pulling from multiple data sources Since there is no underlying database can be more error-

prone and complex ndash ex ASU2010-20 Disclosure Reports

Data security threats

Save often store multiple copies and use a

working copy

If using spreadsheets use them for a variety of functions Ex Store all data in spreadsheets instead of utilizing

a word processing program in some instances

Program itself is consistent

Data sharinguniversality ndash pick up from one place move to next it is going to be consistent

Can be consistent in usage

Lack of consistency between institutions and among employees within an institution

Version control issues

Lack of consistency in output

No standard documentation

Establish policies and procedures that can serve as the guidelineblueprint Define the desired output

At least one individual should take ownership If there are multiple people inputting data but no

ownership problems could ensue

Minimize how often the spreadsheet changes hands

Pros

User experience isnrsquot necessarily complex Familiarity can reduce the complexity

Cons

Multiple tabs multiple worksheets multiple users

Getting data into the document

KISS ndash ldquoKeep It Simple Stupidrdquo

Keep others in mind during creation and updates Document your changes as much as possible

Establish formal policies and procedures to

provide the roadmap

Ensuring consistency minimizes the negative effect of complexity

Pros

Control As guidance changes you can quickly adapt if knowledgeable

Timely adaptations

Cons

Responsibility to keep up implement

Limitations to accommodating regulatory guidance ldquoIt is likely that many banks particularly community banks

currently do not have readily available the types of data that

would be needed to implement the CECL modelrdquo - FDIC

Utilize available resources to enable others to do the interpretation for you Sageworksrsquo webinar

series and whitepapers 3rd party consulting

and accounting firms Join bankers forums

such as the ALLL Forum for Bankers to look for collaboration of expertsideasknowledge

Leverage otherrsquos knowledge and experiences ndash look for actual spreadsheet examples

Pros

Calculations are automated

Control over calculations

Cons

Multiple tabs multiple worksheets multiple formulas ndash one minor change can have a significant effect ldquoSpreadsheets even after careful development contain

errors in 1 or more of all formula cellsrdquo ndashRay Panko Univ of Hawaii

Automate cells with built-in formulas

whenever possible

Have it reviewed audited validated

Minimize changes ndash be consistent with processes people etc

Brief 8 question-survey

Better prepare for your next OCC FDIC Federal Reserve or NCUA exam

All survey respondents receive a copy of the report with compiled survey results

All participants entered into a drawing to receive one of two $100 Visa gift cards

All survey responses are anonymous

Take the survey here

Difficult for multiple users

Gathering of data ndash not an automated way ndash no underlying database

Changes in spreadsheets are difficult to track Difficulty in capturing and building historical

trends For reporting pulling from multiple data sources Since there is no underlying database can be more error-

prone and complex ndash ex ASU2010-20 Disclosure Reports

Data security threats

Save often store multiple copies and use a

working copy

If using spreadsheets use them for a variety of functions Ex Store all data in spreadsheets instead of utilizing

a word processing program in some instances

Program itself is consistent

Data sharinguniversality ndash pick up from one place move to next it is going to be consistent

Can be consistent in usage

Lack of consistency between institutions and among employees within an institution

Version control issues

Lack of consistency in output

No standard documentation

Establish policies and procedures that can serve as the guidelineblueprint Define the desired output

At least one individual should take ownership If there are multiple people inputting data but no

ownership problems could ensue

Minimize how often the spreadsheet changes hands

Pros

User experience isnrsquot necessarily complex Familiarity can reduce the complexity

Cons

Multiple tabs multiple worksheets multiple users

Getting data into the document

KISS ndash ldquoKeep It Simple Stupidrdquo

Keep others in mind during creation and updates Document your changes as much as possible

Establish formal policies and procedures to

provide the roadmap

Ensuring consistency minimizes the negative effect of complexity

Pros

Control As guidance changes you can quickly adapt if knowledgeable

Timely adaptations

Cons

Responsibility to keep up implement

Limitations to accommodating regulatory guidance ldquoIt is likely that many banks particularly community banks

currently do not have readily available the types of data that

would be needed to implement the CECL modelrdquo - FDIC

Utilize available resources to enable others to do the interpretation for you Sageworksrsquo webinar

series and whitepapers 3rd party consulting

and accounting firms Join bankers forums

such as the ALLL Forum for Bankers to look for collaboration of expertsideasknowledge

Leverage otherrsquos knowledge and experiences ndash look for actual spreadsheet examples

Pros

Calculations are automated

Control over calculations

Cons

Multiple tabs multiple worksheets multiple formulas ndash one minor change can have a significant effect ldquoSpreadsheets even after careful development contain

errors in 1 or more of all formula cellsrdquo ndashRay Panko Univ of Hawaii

Automate cells with built-in formulas

whenever possible

Have it reviewed audited validated

Minimize changes ndash be consistent with processes people etc

Brief 8 question-survey

Better prepare for your next OCC FDIC Federal Reserve or NCUA exam

All survey respondents receive a copy of the report with compiled survey results

All participants entered into a drawing to receive one of two $100 Visa gift cards

All survey responses are anonymous

Take the survey here

Save often store multiple copies and use a

working copy

If using spreadsheets use them for a variety of functions Ex Store all data in spreadsheets instead of utilizing

a word processing program in some instances

Program itself is consistent

Data sharinguniversality ndash pick up from one place move to next it is going to be consistent

Can be consistent in usage

Lack of consistency between institutions and among employees within an institution

Version control issues

Lack of consistency in output

No standard documentation

Establish policies and procedures that can serve as the guidelineblueprint Define the desired output

At least one individual should take ownership If there are multiple people inputting data but no

ownership problems could ensue

Minimize how often the spreadsheet changes hands

Pros

User experience isnrsquot necessarily complex Familiarity can reduce the complexity

Cons

Multiple tabs multiple worksheets multiple users

Getting data into the document

KISS ndash ldquoKeep It Simple Stupidrdquo

Keep others in mind during creation and updates Document your changes as much as possible

Establish formal policies and procedures to

provide the roadmap

Ensuring consistency minimizes the negative effect of complexity

Pros

Control As guidance changes you can quickly adapt if knowledgeable

Timely adaptations

Cons

Responsibility to keep up implement

Limitations to accommodating regulatory guidance ldquoIt is likely that many banks particularly community banks

currently do not have readily available the types of data that

would be needed to implement the CECL modelrdquo - FDIC

Utilize available resources to enable others to do the interpretation for you Sageworksrsquo webinar

series and whitepapers 3rd party consulting

and accounting firms Join bankers forums

such as the ALLL Forum for Bankers to look for collaboration of expertsideasknowledge

Leverage otherrsquos knowledge and experiences ndash look for actual spreadsheet examples

Pros

Calculations are automated

Control over calculations

Cons

Multiple tabs multiple worksheets multiple formulas ndash one minor change can have a significant effect ldquoSpreadsheets even after careful development contain

errors in 1 or more of all formula cellsrdquo ndashRay Panko Univ of Hawaii

Automate cells with built-in formulas

whenever possible

Have it reviewed audited validated

Minimize changes ndash be consistent with processes people etc

Brief 8 question-survey

Better prepare for your next OCC FDIC Federal Reserve or NCUA exam

All survey respondents receive a copy of the report with compiled survey results

All participants entered into a drawing to receive one of two $100 Visa gift cards

All survey responses are anonymous

Take the survey here

Program itself is consistent

Data sharinguniversality ndash pick up from one place move to next it is going to be consistent

Can be consistent in usage

Lack of consistency between institutions and among employees within an institution

Version control issues

Lack of consistency in output

No standard documentation

Establish policies and procedures that can serve as the guidelineblueprint Define the desired output

At least one individual should take ownership If there are multiple people inputting data but no

ownership problems could ensue

Minimize how often the spreadsheet changes hands

Pros

User experience isnrsquot necessarily complex Familiarity can reduce the complexity

Cons

Multiple tabs multiple worksheets multiple users

Getting data into the document

KISS ndash ldquoKeep It Simple Stupidrdquo

Keep others in mind during creation and updates Document your changes as much as possible

Establish formal policies and procedures to

provide the roadmap

Ensuring consistency minimizes the negative effect of complexity

Pros

Control As guidance changes you can quickly adapt if knowledgeable

Timely adaptations

Cons

Responsibility to keep up implement

Limitations to accommodating regulatory guidance ldquoIt is likely that many banks particularly community banks

currently do not have readily available the types of data that

would be needed to implement the CECL modelrdquo - FDIC

Utilize available resources to enable others to do the interpretation for you Sageworksrsquo webinar

series and whitepapers 3rd party consulting

and accounting firms Join bankers forums

such as the ALLL Forum for Bankers to look for collaboration of expertsideasknowledge

Leverage otherrsquos knowledge and experiences ndash look for actual spreadsheet examples

Pros

Calculations are automated

Control over calculations

Cons

Multiple tabs multiple worksheets multiple formulas ndash one minor change can have a significant effect ldquoSpreadsheets even after careful development contain

errors in 1 or more of all formula cellsrdquo ndashRay Panko Univ of Hawaii

Automate cells with built-in formulas

whenever possible

Have it reviewed audited validated

Minimize changes ndash be consistent with processes people etc

Brief 8 question-survey

Better prepare for your next OCC FDIC Federal Reserve or NCUA exam

All survey respondents receive a copy of the report with compiled survey results

All participants entered into a drawing to receive one of two $100 Visa gift cards

All survey responses are anonymous

Take the survey here

Lack of consistency between institutions and among employees within an institution

Version control issues

Lack of consistency in output

No standard documentation

Establish policies and procedures that can serve as the guidelineblueprint Define the desired output

At least one individual should take ownership If there are multiple people inputting data but no

ownership problems could ensue

Minimize how often the spreadsheet changes hands

Pros

User experience isnrsquot necessarily complex Familiarity can reduce the complexity

Cons

Multiple tabs multiple worksheets multiple users

Getting data into the document

KISS ndash ldquoKeep It Simple Stupidrdquo

Keep others in mind during creation and updates Document your changes as much as possible

Establish formal policies and procedures to

provide the roadmap

Ensuring consistency minimizes the negative effect of complexity

Pros

Control As guidance changes you can quickly adapt if knowledgeable

Timely adaptations

Cons

Responsibility to keep up implement

Limitations to accommodating regulatory guidance ldquoIt is likely that many banks particularly community banks

currently do not have readily available the types of data that

would be needed to implement the CECL modelrdquo - FDIC

Utilize available resources to enable others to do the interpretation for you Sageworksrsquo webinar

series and whitepapers 3rd party consulting

and accounting firms Join bankers forums

such as the ALLL Forum for Bankers to look for collaboration of expertsideasknowledge

Leverage otherrsquos knowledge and experiences ndash look for actual spreadsheet examples

Pros

Calculations are automated

Control over calculations

Cons

Multiple tabs multiple worksheets multiple formulas ndash one minor change can have a significant effect ldquoSpreadsheets even after careful development contain

errors in 1 or more of all formula cellsrdquo ndashRay Panko Univ of Hawaii

Automate cells with built-in formulas

whenever possible

Have it reviewed audited validated

Minimize changes ndash be consistent with processes people etc

Brief 8 question-survey

Better prepare for your next OCC FDIC Federal Reserve or NCUA exam

All survey respondents receive a copy of the report with compiled survey results

All participants entered into a drawing to receive one of two $100 Visa gift cards

All survey responses are anonymous

Take the survey here

Establish policies and procedures that can serve as the guidelineblueprint Define the desired output

At least one individual should take ownership If there are multiple people inputting data but no

ownership problems could ensue

Minimize how often the spreadsheet changes hands

Pros

User experience isnrsquot necessarily complex Familiarity can reduce the complexity

Cons

Multiple tabs multiple worksheets multiple users

Getting data into the document

KISS ndash ldquoKeep It Simple Stupidrdquo

Keep others in mind during creation and updates Document your changes as much as possible

Establish formal policies and procedures to

provide the roadmap

Ensuring consistency minimizes the negative effect of complexity

Pros

Control As guidance changes you can quickly adapt if knowledgeable

Timely adaptations

Cons

Responsibility to keep up implement

Limitations to accommodating regulatory guidance ldquoIt is likely that many banks particularly community banks

currently do not have readily available the types of data that

would be needed to implement the CECL modelrdquo - FDIC

Utilize available resources to enable others to do the interpretation for you Sageworksrsquo webinar

series and whitepapers 3rd party consulting

and accounting firms Join bankers forums

such as the ALLL Forum for Bankers to look for collaboration of expertsideasknowledge

Leverage otherrsquos knowledge and experiences ndash look for actual spreadsheet examples

Pros

Calculations are automated

Control over calculations

Cons

Multiple tabs multiple worksheets multiple formulas ndash one minor change can have a significant effect ldquoSpreadsheets even after careful development contain

errors in 1 or more of all formula cellsrdquo ndashRay Panko Univ of Hawaii

Automate cells with built-in formulas

whenever possible

Have it reviewed audited validated

Minimize changes ndash be consistent with processes people etc

Brief 8 question-survey

Better prepare for your next OCC FDIC Federal Reserve or NCUA exam

All survey respondents receive a copy of the report with compiled survey results

All participants entered into a drawing to receive one of two $100 Visa gift cards

All survey responses are anonymous

Take the survey here

Pros

User experience isnrsquot necessarily complex Familiarity can reduce the complexity

Cons

Multiple tabs multiple worksheets multiple users

Getting data into the document

KISS ndash ldquoKeep It Simple Stupidrdquo

Keep others in mind during creation and updates Document your changes as much as possible

Establish formal policies and procedures to

provide the roadmap

Ensuring consistency minimizes the negative effect of complexity

Pros

Control As guidance changes you can quickly adapt if knowledgeable

Timely adaptations

Cons

Responsibility to keep up implement

Limitations to accommodating regulatory guidance ldquoIt is likely that many banks particularly community banks

currently do not have readily available the types of data that

would be needed to implement the CECL modelrdquo - FDIC

Utilize available resources to enable others to do the interpretation for you Sageworksrsquo webinar

series and whitepapers 3rd party consulting

and accounting firms Join bankers forums

such as the ALLL Forum for Bankers to look for collaboration of expertsideasknowledge

Leverage otherrsquos knowledge and experiences ndash look for actual spreadsheet examples

Pros

Calculations are automated

Control over calculations

Cons

Multiple tabs multiple worksheets multiple formulas ndash one minor change can have a significant effect ldquoSpreadsheets even after careful development contain

errors in 1 or more of all formula cellsrdquo ndashRay Panko Univ of Hawaii

Automate cells with built-in formulas

whenever possible

Have it reviewed audited validated

Minimize changes ndash be consistent with processes people etc

Brief 8 question-survey

Better prepare for your next OCC FDIC Federal Reserve or NCUA exam

All survey respondents receive a copy of the report with compiled survey results

All participants entered into a drawing to receive one of two $100 Visa gift cards

All survey responses are anonymous

Take the survey here

KISS ndash ldquoKeep It Simple Stupidrdquo

Keep others in mind during creation and updates Document your changes as much as possible

Establish formal policies and procedures to

provide the roadmap

Ensuring consistency minimizes the negative effect of complexity

Pros

Control As guidance changes you can quickly adapt if knowledgeable

Timely adaptations

Cons

Responsibility to keep up implement

Limitations to accommodating regulatory guidance ldquoIt is likely that many banks particularly community banks

currently do not have readily available the types of data that

would be needed to implement the CECL modelrdquo - FDIC

Utilize available resources to enable others to do the interpretation for you Sageworksrsquo webinar

series and whitepapers 3rd party consulting

and accounting firms Join bankers forums

such as the ALLL Forum for Bankers to look for collaboration of expertsideasknowledge

Leverage otherrsquos knowledge and experiences ndash look for actual spreadsheet examples

Pros

Calculations are automated

Control over calculations

Cons

Multiple tabs multiple worksheets multiple formulas ndash one minor change can have a significant effect ldquoSpreadsheets even after careful development contain

errors in 1 or more of all formula cellsrdquo ndashRay Panko Univ of Hawaii

Automate cells with built-in formulas

whenever possible

Have it reviewed audited validated

Minimize changes ndash be consistent with processes people etc

Brief 8 question-survey

Better prepare for your next OCC FDIC Federal Reserve or NCUA exam

All survey respondents receive a copy of the report with compiled survey results

All participants entered into a drawing to receive one of two $100 Visa gift cards

All survey responses are anonymous

Take the survey here

Pros

Control As guidance changes you can quickly adapt if knowledgeable

Timely adaptations

Cons

Responsibility to keep up implement

Limitations to accommodating regulatory guidance ldquoIt is likely that many banks particularly community banks

currently do not have readily available the types of data that

would be needed to implement the CECL modelrdquo - FDIC

Utilize available resources to enable others to do the interpretation for you Sageworksrsquo webinar

series and whitepapers 3rd party consulting

and accounting firms Join bankers forums

such as the ALLL Forum for Bankers to look for collaboration of expertsideasknowledge

Leverage otherrsquos knowledge and experiences ndash look for actual spreadsheet examples

Pros

Calculations are automated

Control over calculations

Cons

Multiple tabs multiple worksheets multiple formulas ndash one minor change can have a significant effect ldquoSpreadsheets even after careful development contain

errors in 1 or more of all formula cellsrdquo ndashRay Panko Univ of Hawaii

Automate cells with built-in formulas

whenever possible

Have it reviewed audited validated

Minimize changes ndash be consistent with processes people etc

Brief 8 question-survey

Better prepare for your next OCC FDIC Federal Reserve or NCUA exam

All survey respondents receive a copy of the report with compiled survey results

All participants entered into a drawing to receive one of two $100 Visa gift cards

All survey responses are anonymous

Take the survey here

Utilize available resources to enable others to do the interpretation for you Sageworksrsquo webinar

series and whitepapers 3rd party consulting

and accounting firms Join bankers forums

such as the ALLL Forum for Bankers to look for collaboration of expertsideasknowledge

Leverage otherrsquos knowledge and experiences ndash look for actual spreadsheet examples

Pros

Calculations are automated

Control over calculations

Cons

Multiple tabs multiple worksheets multiple formulas ndash one minor change can have a significant effect ldquoSpreadsheets even after careful development contain

errors in 1 or more of all formula cellsrdquo ndashRay Panko Univ of Hawaii

Automate cells with built-in formulas

whenever possible

Have it reviewed audited validated

Minimize changes ndash be consistent with processes people etc

Brief 8 question-survey

Better prepare for your next OCC FDIC Federal Reserve or NCUA exam

All survey respondents receive a copy of the report with compiled survey results

All participants entered into a drawing to receive one of two $100 Visa gift cards

All survey responses are anonymous

Take the survey here

Pros

Calculations are automated

Control over calculations

Cons

Multiple tabs multiple worksheets multiple formulas ndash one minor change can have a significant effect ldquoSpreadsheets even after careful development contain

errors in 1 or more of all formula cellsrdquo ndashRay Panko Univ of Hawaii

Automate cells with built-in formulas

whenever possible

Have it reviewed audited validated

Minimize changes ndash be consistent with processes people etc

Brief 8 question-survey

Better prepare for your next OCC FDIC Federal Reserve or NCUA exam

All survey respondents receive a copy of the report with compiled survey results

All participants entered into a drawing to receive one of two $100 Visa gift cards

All survey responses are anonymous

Take the survey here

Automate cells with built-in formulas

whenever possible

Have it reviewed audited validated

Minimize changes ndash be consistent with processes people etc

Brief 8 question-survey

Better prepare for your next OCC FDIC Federal Reserve or NCUA exam

All survey respondents receive a copy of the report with compiled survey results

All participants entered into a drawing to receive one of two $100 Visa gift cards

All survey responses are anonymous

Take the survey here

Brief 8 question-survey

Better prepare for your next OCC FDIC Federal Reserve or NCUA exam

All survey respondents receive a copy of the report with compiled survey results

All participants entered into a drawing to receive one of two $100 Visa gift cards

All survey responses are anonymous

Take the survey here

Regan Camp

919-851-7474

regancampsageworkscom

Jay Gallo

617-973-5742

jgallormpiconsultingcom

Whitepapers

Future webinars Relationship-Based Banking

LinkedIn ALLL Forum for Bankers

Examination survey