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Case Studies

Employment in finance and accounting

• A major insurance company protects its important Excel workbooks in the finance area with ExcelShield in order to make it impossible for malicious trainees, students, and employees to copy and distribute the workbooks. This is done by encrypting all formulas and by binding the user rights to the computers of the authorized employees. As a consequence, the protected workbooks cannot be used on any unauthorized computer.
• An international oil company uses Excel workbooks for its consolidation process. The workbooks are sent to the branch offices in the whole world and must be edited and filled out by the local employees. To eliminate any opportunity for manipulation by the local offices, all formulas are encrypted with ExcelShield.
• A medium size company publishes regulary Excel workbooks containing financial data on the investor relations page of its website. ExcelShield is used to remove all hidden sensitive data from the workbooks before they are put online.

Employment by public accountants, consultants, and other service providers

• Complex Excel workbooks for the calculation of a company's value are sold by a public accounting firm to its clients. To secure the expertise behind those workbooks, all fomulas were encrypted with ExcelShield.
• A public accountant provides his clients annually with an actualized Excel workbook for the compilation of the tax return. The workbook has been protected the following way with ExcelShield: all formulas were encrypted and the time period of usage has been restricted.

Employment in the software development business

• A software company develops solutions for specific industrial sectors in Excel. In order to secure its expertise and competitive advantage, all formulas of the created workbooks are encrypted with ExcelShield. Trial versions of the workbook are additionally protected with ExcelShield's "Time Limit" protection method: the workbook is functionable only for a limited time period of 30 days after its installation.