What Spreadsheet Software does

Spreadsheetsoftware BV (operating as Spreadsheetsoftware) is a privately held Dutch software firm founded in 2011 in Maastricht by Maarten Bessems MSc., following his decade of experience as a quantitative consultant building and auditing Excel models. The company develops and sells a suite of three Microsoft Excel add-ins: ExcelAnalyzer (its flagship product, which performs automated spreadsheet auditing, formula error detection, hidden-data exposure, inter-sheet and external-link mapping, risk scoring, and a comment/review workflow for collaborative model validation), ExcelCompare (a workbook diff and version-control tool), and ExcelScenario (a what-if scenario analysis add-in). The add-ins are built on .NET and C# using Microsoft VSTO technology, integrate directly into the Excel ribbon as a native tab, and support Excel 2010 through Office 365 on Windows; they are not available on Mac.

The company sells exclusively to enterprise and professional users, primarily in regulated and finance-intensive verticals: banking and insurance (for model risk management under frameworks such as OSFI E-23, SR 11-7, ECB TRIM, and PRA SS1/23), the Big Four and mid-tier advisory firms (for audit and forensic accounting), corporate finance teams, and education. Named customers include Deloitte, PwC, KLM, Royal DSM, BAM, Nationwide, Smith & Williamson, and Fontys; the company states a base of 100+ customers. Revenue is generated through annual subscription licenses for ExcelAnalyzer (Standard and Advanced/Platinum tiers) and separate licensing for ExcelCompare, distributed via direct enterprise sales, personalized demos, a self-serve 10-day free trial, and an affiliate referral program. The company is bootstrapped, with no disclosed outside investors, and operates with a small team led by the founder, who also remains the publicly listed contact for sales, support, and partnerships.

Name

Spreadsheet Software

Legal name

Spreadsheetsoftware BV

Website

https://spreadsheetsoftware.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

1–10 employees

Short description

Spreadsheetsoftware is a Dutch software firm that builds Excel add-ins, led by ExcelAnalyzer, for automated spreadsheet auditing, error detection, and model risk management. It sells annual licenses to banks, insurers, Big Four advisory firms, and corporate finance teams.

Ownership category

akta.pro rank

Product category

Spreadsheet Auditing & Model Risk Software

NAICS

Software Publishers (513210)

SIC

Services-Prepackaged Software (7372)

akta.pro primary industry

eSignature, Forms & Digital Workflow Platforms (HDAEAHAJ)

Keywords

• Spreadsheet audit software
• Excel formula analysis
• Model risk management
• Spreadsheet error detection
• Excel add-in tools

Headquarters

HQ city

Maastricht

HQ country

Netherlands

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Annual Software License: ExcelAnalyzer is licensed on a 1-year term basis. For continued use, the license must be renewed (paid for) annually. The license is tied to user IDs and license keys unique to each user. Network installations require licenses for all workstations and client/server terminals that will access the software.
2. Two Software Versions: Standard version (without Comment Feature) and Advanced/Platinum version (with Comment Feature for collaborative review workflows). Trial version is the Advanced version. Separate licensing for ExcelCompare product.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Spreadsheet Software develops and sells Excel add-ins (ExcelAnalyzer, ExcelCompare, ExcelScenario) that automatically audit spreadsheets for formula errors, hidden data, and inter-sheet dependencies; map model flows; generate PDF audit reports; and support collaborative reviewer/model-builder workflows with documented audit trails. The products integrate directly into Microsoft Excel as a native ribbon tab via .NET/C#/VSTO technology and are licensed on annual subscriptions.

Product overview

Spreadsheetsoftware offers a suite of three Excel add-in products: ExcelAnalyzer (the primary product for spreadsheet error checking, auditing, and review workflows), ExcelCompare (for spreadsheet comparison and version control), and ExcelScenario (for scenario analysis and what-if modeling). All three products integrate directly into Microsoft Excel as ribbon add-ins and are designed to eliminate spreadsheet risk for professionals across finance, banking, and regulated industries.

Differentiator

Problem solved

Functional benefit

Brands

• ExcelAnalyzer: Excel add-in that automatically checks spreadsheets for errors and risks, identifying and correcting spreadsheet errors to transform error-prone spreadsheets into reliable Excel models
• ExcelCompare
• ExcelScenario

Products and services

• ExcelAnalyzer Excel add-in that automatically checks spreadsheets for errors, inconsistencies, hidden data, and risks; provides colour-coded formula visualization, formula analysis, workbook summaries, inter-sheet and external link mapping, hidden data detection, risk scoring, and a Comment/review workflow for collaborative auditing. Offered in Standard and Advanced/Platinum editions on annual licenses.
• ExcelCompare Excel add-in that compares formulas, values, and text cells in two workbooks, highlighting differences and generating detailed reports to simplify version control with side-by-side comparisons. Sold as a separately licensed product.
• ExcelScenario

Quantifiable outcome

• Research indicates 95% of spreadsheets contain errors, while 80-95% of users claim their spreadsheets are error-free - creating material risk for organizations
• +2 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• SAP GRC: Enterprise GRC suite from SAP covering risk management, process control, and compliance. Comparable buyer (large regulated enterprises) but much broader scope than Spreadsheet Software's Excel-audit focus.
• Resolver: Risk and audit management software now part of Ideagen, used by enterprise risk and compliance teams. Comparable buyer overlap with Spreadsheet Software's risk and compliance officer personas.
• insightsoftware: Large EPM and reporting software vendor that owns Prodiance and broader financial-reporting tooling. Comparable because it competes in spreadsheet governance and model risk management, but addresses a much broader portfolio of finance use cases.
• Diligent: Governance, risk, and compliance platform serving regulated organizations and boards. Comparable as a GRC incumbent serving risk officers and compliance personas targeted by ExcelAnalyzer.
• Wolters Kluwer TeamMate: Established internal audit software suite from Wolters Kluwer serving many of the same enterprise audit and risk buyers. Overlaps in audit workflow and risk assessment, though broader than Excel-specific auditing.

Direct peers

• ClusterSeven: Direct competitor offering spreadsheet inventory, monitoring, and risk management for financial institutions. Highly comparable product focus (Excel and other spreadsheet controls) and overlapping regulated-buyer persona.
• Prodiance: Now part of insightsoftware, Prodiance built Excel model risk management and spreadsheet validation tools. Directly comparable as a specialist in the same regulatory-driven use cases.

Emerging players

• Workiva: Cloud platform for connected reporting, compliance, and audit. Increasingly used by finance and risk teams for SOX and regulatory reporting workflows that intersect with spreadsheet-heavy processes.
• AuditBoard: Modern audit, risk, and compliance SaaS platform increasingly used by enterprises for SOX and model risk. Comparable buyer (compliance and internal audit teams) with adjacent, broadening capabilities.

Others

• BearingPoint: Global management and technology consultancy with regulated-industry practices including spreadsheet risk and regulatory compliance offerings. Comparable through the same end-buyer ecosystem rather than direct software competition.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/spreadsheetsoftware
• YouTubeyoutube.com/@spreadsheetsoftware
• Facebookfacebook.com/spreadsheetsoftware
• LinkedInlinkedin.com/company/spreadsheetsoftware
• Instagraminstagram.com/spreadsheetsoftware

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Spreadsheet Software