Earthlite Drastically Simplifies and Expedites Accounts Receivable Analysis with Datawatch Monarch
(Thomson Reuters ONE) -
World's No. 1 Brand for Massage Tables and Supplies Saves 200 Hours Per Year on
Collections Analysis Using Datawatch's Self-Service Data Preparation Platform
BEDFORD, Mass., Nov. 30, 2016 (GLOBE NEWSWIRE) -- Datawatch Corporation (NASDAQ-
CM:DWCH) today announced that Earthlite®, the world's No. 1 brand for massage
tables and supplies, is using Datawatch Monarch to make accounts receivable
analysis and reporting easier, faster and more efficient. Using Datawatch's
self-service data preparation platform, Earthlite has reduced the team
responsible for collections analysis from three employees to one - saving the
company approximately 200 hours per year.
Founded in 1987, Earthlite is known as the highest-quality massage and spa
equipment manufacturer in the world. The company has operations on three
continents and distributes globally to more than 150 countries. With such a
diverse and distributed customer base, Earthlite needed to have an accurate and
efficient way to manage accounts receivable reporting and the collections
process.
Prior to using Datawatch Monarch, a team of three Earthlite employees would
download a 500-page PDF report and manually pour over the data to identify
accounts where collections were needed. The static report structure prevented
Earthlite from being able to sort and organize the information, or perform any
sort of data analysis. The reporting process took each team member approximately
six hours every month to complete. Not only was this a time-consuming and
resource-intensive method, but it was more susceptible to error and had the
potential to cause delays in the collections process.
Earthlite turned to Datawatch Monarch to help simplify data preparation and
expedite analysis. Accounts receivable information is now automatically exported
into a tabular structure, equipping Earthlite with the ability to sort, filter
and perform analysis of any kind. Because the reporting and analysis process has
been dramatically simplified and expedited, what took a team of three an average
of 18 hours each month to complete, now takes one employee one hour to finish.
As a result, the company is now saving approximately 200 hours per year.
"Accounts receivable reporting used to take us forever, and it was always such a
painstaking process," said Mark Loy, IT administrator at Earthlite. "Now, the
hours we spend on collections is greatly reduced, and reporting and analysis is
a million times easier. Additionally, Monarch has enabled us to free up our
employees to focus on other pressing business tasks. The technological and
business benefits of using this platform have been invaluable."
Because of the tremendous return on investment Earthlite is seeing in its
accounts receivable reporting and the collections process, the company is
planning to roll out Monarch to other areas of the business as well. Most
immediate, the company would like to leverage Monarch for medical bill and
insurance analysis, as well as for standard HR functions.
"Earthlite is a prime example of how our self-service data preparation platform
can save organizations' valuable time, resources and budget by allowing them to
focus on analysis, rather than on mundane prep work," said Jon Pilkington, chief
product officer at Datawatch. "Earthlite employees can now easily access, blend
and manipulate the data they need for analysis, and rapidly obtain accurate
insights that result in more informed decisions and drive business value."
To learn more about Datawatch Monarch, please
visit: http://www.datawatch.com/our-platform/monarch/.
About Earthlite
Headquartered in Vista, California, award winning Earthlite, is known as the
highest quality massage tables and spa equipment manufacturer in the world.
Produces innovative, premium quality equipment by using sustainable practices
and materials. Environmental integrity is at the very core of Earthlite's
company philosophy. Earthlite recycles, minimizes waste, uses biodegradable
upholstery and CFC-free foam, while building equipment to last so it won't end
up in landfills. Through its "Plant a Tree" program and partnerships with
various environmental groups, Earthlite has achieved a truly remarkable zero-
carbon footprint. Founded in 1987, Earthlite was chosen as the 2015 "Sustainable
Manufacturer of the Year" by the non-profit Green Spa Network®, and has won
numerous awards including "Favorite Company for Manufacturer Support" and
"Favorite Treatment Table Manufacturer" by American Spa Magazine, for the past
seven years.
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.
Source: Datawatch
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 Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Datawatch Corporation via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 30.11.2016 - 14:58 Uhr
Sprache: Deutsch
News-ID 510051
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