Datawatch Enables 450 CNAF Accountants to Prep Less and Analyze More
(Thomson Reuters ONE) -
France's public sector agency is leveraging Datawatch's self-service data prep
solution in more than 100 local offices to ease data access and speed time-to-
insight
BEDFORD, Mass., May 31, 2016 (GLOBE NEWSWIRE) -- Datawatch Corporation (NASDAQ-
CM: DWCH) today announced that Caisse Nationale d'Allocations Familiales (CNAF),
a large, public sector agency based in Paris, France, is leveraging Datawatch's
self-service data preparation solutions to ease data access, and achieve fast
and exhaustive reporting. The combination of Datawatch Monarch and Monarch
Server is saving CNAF accountants and auditors countless hours on data
extraction, modeling and reporting, enabling them to prep less and analyze more.
CNAF serves as France's Social Security Department and operates with one clear
mission: to help families in need. The organization distributes family allowance
funds to more than 10 million beneficiaries each year. Calculating the benefits
it can allocate to each family requires CNAF to perform a detailed analysis of
factors related to child welfare, housing and education.
Prior to implementing Datawatch, CNAF dealt with its massive amounts of family
benefits data, which is housed within thousands of files, through manual
processes. Extracting insight from this information, which was only available as
lists in various text formats, was extremely labor-intensive. CNAF was looking
for a solution that would automate data extraction and processing, and expedite
time-to-insight by automatically converting this data into a structured format
for analysis.
In 2009, at the recommendation of local Caisse Allocations Familiales (CAF)
offices already using the product, CNAF turned to Datawatch Monarch, which
enables data analysts and everyday business users to rapidly access, manipulate,
blend and prepare data from the widest variety of sources, including structured,
multi-structured and unstructured repositories. CNAF also implemented Monarch
Server to automate the delivery of prepared data to its intended recipients.
Today, Datawatch's solutions are used by more than 450 accountants and auditors
across CNAF's 102 local agencies. Each night, Datawatch Monarch runs more than
195 automated processes on up to 8,000 files - totaling approximately four
gigabytes of data - and governs them in a secure, centralized Document
Management System in Excel format. Relevant files are then automatically
processed and distributed to users via Monarch Server.
"Datawatch Monarch is extremely easy-to-use, enabling any one of our users to
simply and rapidly unlock data from any source and automatically convert it into
structured data for analysis," said Jean-Michel Omont, Archive System Manager,
CNAF. "Tasks such as extracting data from text or PDF files is now as simple as
pushing a button. Reporting is fast and exhaustive, information is provided in a
secure manner and data extraction is fully automated. Monarch has saved us
thousands of hours of modeling and data extraction time, freeing our accountants
and auditors to spend their time on performing analysis that will drive decision
making and deliver business value."
Datawatch is now part of CNAF's overarching IT plan and is recognized as an
integral part of its Information System. The streamlined processes and improved
efficiency provided by Datawatch has helped coordinate efforts between the
various CNAF offices. And, as a result of the return on investment CNAF has seen
over the past five years, the organization is considering using Datawatch
Monarch within its HR department to extract information related to pay and to
run end-of-month checks.
"Our self-service data prep solutions are designed to provide everyday business
users with the agility they need to speed decision making while keeping
confidential information secure," said Michael Morrison, CEO of Datawatch.
"Datawatch Monarch is more than a technology solution. We're a business partner
that enables our customers to keep their focus on strategic initiatives that
will drive the bottom line, rather than wasting valuable resources on mundane
data prep and reporting tasks."
To learn more about Datawatch, please visit: www.datawatch.com.
About Datawatch Corporation
Datawatch Corporation (NASDAQ-CM: DWCH) enables ordinary users to achieve
extraordinary results with their data. Only Datawatch can unlock data from the
widest variety of sources and prepare it for use in visualization and analytics
tools, or for other business processes. When real-time visibility into rapidly
changing data is critical, Datawatch also enables users to analyze streaming
data, even in the most demanding environments, such as capital markets.
Organizations of all sizes in more than 100 countries worldwide use Datawatch
products, including 93 of the Fortune 100. The company is headquartered in
Bedford, Massachusetts, with offices in New York, London, Frankfurt, Stockholm,
Singapore and Manila. To learn more about Datawatch or download a free version
of its enterprise software, please visit: www.datawatch.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
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 contained
herein, including but not limited to those relating to product performance and
viability, 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: rapid technological
change; Datawatch's dependence on the introduction of new products and product
enhancements and possible delays in those introductions; acceptance of new
products by the market, competition in the software industry generally, and in
the markets for next generation analytics in particular; and Datawatch's
dependence on its principal products, proprietary software technology and
software licensed from third parties. 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, 2015. Any forward-looking statements
should be considered in light of those factors.
© 2016 Datawatch Corporation. Datawatch and the Datawatch logo are trademarks or
registered trademarks of Datawatch Corporation in the United States and/or other
countries. All other names are trademarks or registered trademarks of their
respective companies.
Media Contact:
Amanda Beaupre
Marketing Communications Manager, Datawatch Corporation
amanda_beaupre(at)datawatch.com
978-275-8387
Twitter: (at)datawatch
This announcement is distributed by GlobeNewswire on behalf of
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Datawatch Corporation via GlobeNewswire
[HUG#2016313]
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Datum: 31.05.2016 - 14:55 Uhr
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