Datawatch and TEOCO Announce New Partnership; TEOCO's New XTrak Utilizes Datawatch's Monarch Data Pump Software To Eliminate Costly Paper Invoice Management.LOWELL, Mass. & FAIRFAX, Va. -- Datawatch Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : DWCH), a leader in the rapidly growing Information Services See Information Systems. market space, today announced a new partnership with TEOCO, the leading provider of communication cost management and revenue management solutions. TEOCO developed the new XTrak solution to reduce paper processing costs and errors by utilizing Monarch Data Pump A circuit that transmits pulses in a digital device. It typically refers to the chipset in a modem that generates the bits based on the modem's modulation techniques. (TM) software technology from Datawatch. Wireline, wireless and cable communication companies exchange tens of thousands of bills each month. With many of these bills received in printed or non-standard electronic formats, it is difficult and costly to accurately enter the information into a system for auditing and payment. By using XTrak, powered by the Monarch Data Pump data transformation engine, communication carriers can automatically extract billing data into a uniform electronic format to load into a cost management system, such as TEOCO's BillTrak Pro(TM). "Monarch Data Pump is the ideal solution for enabling XTrak to automatically transform static, problematic invoices into accurate, live data," said John Kitchen, senior vice president, Datawatch desktop and server solutions. "As with many other industries and Fortune 500 enterprises, TEOCO's telecom customers struggle with inflexible invoicing systems with nonstandard non·stan·dard adj. 1. Varying from or not adhering to the standard: nonstandard lengths of board. 2. formats. By precisely transforming those invoices into standardized database formats, telecoms optimize the billing process, and preserve the integrity of the data. We're proud to partner with TEOCO and already are working with them on other powerful solutions for telecom and other industries." "This is a great combination of complementary technologies, and demonstrably de·mon·stra·ble adj. 1. Capable of being demonstrated or proved: demonstrable truths. 2. Obvious or apparent: demonstrable lies. helps our customers better manage vast amounts of billing data from disparate sources," said TEOCO CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Atul Jain. "XTrak eliminates the time-consuming and costly paper invoice process, enables accurate billing, and supports Sarbanes-Oxley, auditing and other compliance initiatives." "Our partnership is just the beginning of providing even better services and technology for the complex billing, revenue and record keeping processes utilized by our customers. Using the Monarch Data Pump technology, XTrak automates manual and error-prone data collection and entry tasks, freeing staff for other projects, while preserving data accuracy," said John Devolites, General Manager, TEOCO Telecom Solutions. "Together with BillTrak Pro(TM), this opens the door to new audit and cost saving opportunities. The initial customer response has been enthusiastic." ABOUT MONARCH DATA PUMP Monarch Data Pump combines the data conversion capabilities of an ETL (Extract, Transform, Load) The functions performed when pulling data out of one database and placing it into another of a different type. ETL is used to migrate data, often from relational databases into decision support systems. tool (Extraction, Transformation and Loading See ETL. ) with powerful enterprise information delivery capabilities in one easily implemented and inexpensive system. The technology utilizes Datawatch's Monarch "Report Mining" engine, the de facto standard Hardware or software that is widely used, but not endorsed by a standards organization. Contrast with de jure standard. de facto standard - A widespread consensus on a particular product or protocol which has not been ratified by any official standards body, such as ISO, in mining and transforming data buried within existing report output files - including PDFs. Using Microsoft's .NET framework, Monarch Data Pump transforms and mines data within existing reports, alone or in combination with data from other sources, on a scheduled, fully automated basis, to create and deliver new customized data views matching end user needs. ABOUT XTRAK TEOCO developed the XTrak solution, patent pending, to eliminate manual entry, extract the lowest level of detail, and create a uniform electronic format to load into a cost management system such as BillTrak Pro(TM). By automating the load of your invoices at the detail level, XTrak opens the door to additional auditing opportunities. The automated controls XTrak adds to your invoice processing can help you address Sarbanes-Oxley requirements. TEOCO's industry-leading products and services, as well as our experience working with industry organizations and communications vendors, will ensure that today's paper invoices are converted to audit-ready, reliable data sources. ABOUT TEOCO Founded in 1994 TEOCO (The Employee Owned Company) is a leading provider of strategic business solutions to large and small enterprises. Twice ranked in Inc. Magazine's List of 500 of the fastest growing privately held companies privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. , TEOCO's Telecom Solutions group is the premier provider of network cost and revenue management solutions to the communications industry communications industry, broadly defined, the business of conveying information. Although communication by means of symbols and gestures dates to the beginning of human history, the term generally refers to mass communications. . We combine the strength of our renowned BillTrak Pro(TM) software with in-depth auditing expertise to achieve unrivalled market penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular market penetration - the act of entering into or through something; "the penetration of upper management by women" and industry leadership in the communications space. TEOCO is widely recognized for its commitment to Principled prin·ci·pled adj. Based on, marked by, or manifesting principle: a principled decision; a highly principled person. Entrepreneurship with a particular emphasis on its core values of alignment with employees, clients and community. See more at www.teoco.com. ABOUT DATAWATCH CORPORATION Datawatch Corporation is a leader in the rapidly growing Information Services market space. By providing solutions that build on a Service Oriented Architecture (SOA (1) (Start Of Authority) The first record in a DNS zone file. See DNS records. (2) (Service Oriented Architecture) The modularization of business functions for greater flexibility and reusability. ) framework, Datawatch allows organizations to access, enhance, analyze and deliver information from wherever it resides inside or outside the enterprise to solve business problems. Datawatch products are used in more than 20,000 companies, institutions and government agencies worldwide. The corporate address for Datawatch is 175 Cabot Street, Suite 503, Lowell, MA 01854-3633; telephone (978) 441-2200. More information on Datawatch and its solutions can be found at www.datawatch.com. |
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