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New software firm helps companies ensure accurate delivery of electronic transactions.


Helping companies accurately move, track and execute high volume, business-critical electronic transactions is the focus of a new software company headquartered here.

Innovate in·no·vate  
v. in·no·vat·ed, in·no·vat·ing, in·no·vates

v.tr.
To begin or introduce (something new) for or as if for the first time.

v.intr.
To begin or introduce something new.
 Software offers solutions ensuring that electronic transactions, such as purchase orders, invoices, acknowledgements, financial reports and payments, arrive and process as intended. Benefits include cost savings in personnel, inventory, expedited freight and communications; revenue increases and improved customer satisfaction due to reduced errors, and faster transaction cycles. Business processes are optimized and the organization can become decidedly more responsive.

"Many businesses are involved in thousands of complex data transactions every day," said William C. Claire, president of Innovate Software. "Transactions, such as purchase orders and invoices, pass through a number of transition points before reaching their destinations. A transaction that breaks down en route causes delays, missed or double payments, late deliveries and potentially out-of-stock situations that reduce revenue. It costs substantial time and money to track, recoup recoup

To sell an asset at a price sufficient to recover the original outlay or to offset a previous loss.
 lost data and complete the exchange between the organizations involved when an error is not detected early in the electronic processing cycle."

Claire said that Innovate Software tracks transactions from start to finish and immediately notifies the right people if an error occurs.

"Ensuring accurate and timely data delivery is what Innovate Software is all about," Claire said. "Key to the process is the ability to track all of the electronic information flowing between an organization and the outside world, to provide alerts only when there is a problem that needs attention, and to do it in a non-intrusive manner in the existing computing computing - computer  infrastructure. Often, the situation is fixed before a customer knows there was a problem."

Claire cited another example of how Innovate products work. "Like the railroads rail·road  
n.
1. A road composed of parallel steel rails supported by ties and providing a track for locomotive-drawn trains or other wheeled vehicles.

2.
, while it is nice to know where every freight car and locomotive is The Steam locomotive IS was a Soviet passenger steam locomotive. The contract design has been prepared in 1929 at the Kolomna factory. The IS were manufactured between 1932 and 1942.
  • Weight: 133 t
  • Coupling weight: 88 t
  • Speed: 100–115 km/h.
, I want to be able to quickly discern dis·cern  
v. dis·cerned, dis·cern·ing, dis·cerns

v.tr.
1. To perceive with the eyes or intellect; detect.

2. To recognize or comprehend mentally.

3.
 and focus my attention on those that are on the wrong track, headed in the wrong direction, about to derail de·rail  
intr. & tr.v. de·railed, de·rail·ing, de·rails
1. To run or cause to run off the rails.

2.
, or were never added to the train. This is what Innovate's products enable."
COPYRIGHT 2004 Millin Publishing, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Article Details
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Publication:EDP Weekly's IT Monitor
Geographic Code:1USA
Date:Feb 16, 2004
Words:335
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