Datawatch Announces Latest Solution Offering Developed in Partnership with First Florida Credit Union The Call Report Filing Blueprint (CRFB) Streamlines Credit Union Regulatory Filing
CHELMSFORD, Mass., June 23, 2014 /PRNewswire/ -- Datawatch Corporation (NASDAQ-CM: DWCH), a leading global provider of visual data discovery solutions, announced the immediate availability of the Call Report Filing Blueprint (CRFB).
"Our newest blueprint, developed in partnership with First Florida Credit Union, provides financial institutions governed by the National Credit Union Association with a fast, accurate and efficient way to manage their quarterly '5300' filings," says Joe Pusztai, vice president of Solutions at Datawatch. "The Call Report filing process typically involves many manual aggregation, reconciliation and formatting steps, drawing from a wide variety of systems and sources. The new solution enables credit unions to consolidate Call Report data in a single, auditable environment, freeing Finance to focus on value-added data analysis, not data management."
The Call Report Filing Blueprint, built on the trusted Datawatch platform, is designed with a modular architecture that allows the mapping of account categories from the 5300 submission file (system-generated and output as XML) into upstream data systems and accounts. Support for the three main varieties of data - SQL-based queries, print files and spreadsheets - are provided out of the box, as well as the ability to integrate other data sources using Datawatch Desktop's user-friendly template editor.
"We have been using Datawatch products in-house for many years to streamline many of our finance processes, so we saw a great opportunity to co-develop this purpose-built Call Report solution with them," said Brad Long, chief financial officer of First Florida Credit Union. "We have been impressed with the results we have achieved so far, and believe the value will only increase – for example, 5300 filings will be nearly effortless."
The CRFB solution can be downloaded free of charge from the Datawatch Solution Center. A specially-priced software and services bundle to implement the solution is also now available.
About Datawatch Corporation
Datawatch Corporation (NASDAQ-CM: DWCH) provides visual data discovery software that optimizes any data – regardless of its variety, volume, or velocity – delivering next generation analytics to reveal valuable insights for improving business. Its unique ability to integrate structured, unstructured, and semi-structured sources like reports, PDF files and EDI streams with real-time streaming data into visually rich analytic applications allows users to dynamically discover key factors that impact any operational aspect of their business. This ability to perform visual discovery against any data sets Datawatch apart in the big data and visualization markets. Organizations of every size, worldwide use Datawatch products, including 99 of the Fortune 100. Datawatch is headquartered in Chelmsford, Massachusetts with offices in New York, London, Munich, Stockholm, Singapore, Sydney and Manila, and with partners and customers in more than 100 countries worldwide. See the Whole Story for yourself by downloading the free trial at datawatch.com.
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Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Any such statements, including but not limited to those relating to results of operations, contained herein are based on current expectations, but are subject to a number of risks and uncertainties that may cause actual results to differ materially from expectations. The factors that could cause actual future results to differ materially from current expectations include the following: risks associated with the continuing weak global economy; risks associated with fluctuations in quarterly operating results due, among other factors, to the size and timing of large customer orders; risks associated with acquisitions, including the recent acquisition of intellectual property from Math Strategies and the acquisition of Panopticon; the volatility of Datawatch's stock price; limitations on the effectiveness of internal controls; rapid technological change; Datawatch's dependence on the introduction of new products and possible delays in those introductions; competition in the software industry generally, and in the markets for next generation analytics in particular; Datawatch's dependence on its principal products, proprietary software technology and software licensed from third parties; risks associated with international sales and operations; risks associated with indirect distribution channels and co-marketing arrangements, many of which were only recently established; the adequacy of Datawatch's sales returns reserve; risks associated with a subscription sales model; Datawatch's dependence on its ability to hire and retain skilled personnel; disruption or failure of Datawatch's technology systems that may result from a natural disaster, cyber-attack or other catastrophic event; and uncertainty and additional costs that may result from evolving regulation of corporate governance and public disclosure. Further information on factors that could cause actual results to differ from those anticipated is detailed in various publicly-available documents, which include, but are not limited to, filings made by Datawatch from time to time with the Securities and Exchange Commission, including but not limited to, those appearing in the Company's Annual Report on Form 10-K for the year ended September 30, 2013 and Form 10-Q for the quarter ended December 31, 2013. Any forward-looking statements should be considered in light of those factors.
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