CHELMSFORD, Mass. and
LONDON, Nov. 6, 2013 /PRNewswire/ -- Datawatch
Corporation (NASDAQ-CM: DWCH), the leading global provider of
visual data discovery solutions, today announced that Vodafone has
deployed Datawatch as part of a suite of tools to provide a
validated, company-wide view of business transactions that will
enable the Internal Audit Team to quickly spot anomalous issues and
minimize risk.
(Logo: http://photos.prnewswire.com/prnh/20121015/NE92833LOGO
)
The Internal Audit (IA) Team, comprising some 115 staff across
the organization, is mandated to provide independent insight and
assurance over risk across financial and operational processes
company-wide. The implementation is being facilitated through the
Finance Shared Service Centers ("SSC") which constitute a central
resource that supports core financial operations world-wide. The
initial project will cover 6 to 10 countries and will ultimately
expand to encompass all remaining global operations.
"Our primary focus and core reason for bringing Datawatch
on-board was to gain access to our unstructured and semi-structured
data from across the global enterprise," states Paul Webster, head of audit, Technology at
Vodafone. "The new analytic tools, which will now include data from
PDFs, Excel spreadsheets and multiple diverse reports, will give
the Internal Audit Department unprecedented access to huge volumes
of data."
The Datawatch solution is being deployed initially to import
vital data from SAP-generated reports produced by the single SAP
instance supporting the global SSC in Hungary. All this data, together with the
unstructured and semi-structured data from operational systems
across the globe, can be consolidated into a validated, single
information source for interactive drill-down analysis and audit.
Datawatch's unique ability to extract the information in these
hard-to-read formats will give the Internal Audit team the ability
to import data from a wide variety of disparate systems such as
CRM, billing, stock control, stores, networks, IT and marketing. In
addition, access to 100% of the data will dramatically improve the
coverage, quantification of the risk and eliminate the need for
sample
testing.
"Whilst Vodafone has standardized on SAP for core financial
processes throughout the organization, each operating company has
nuances in how they do things. The Datawatch Desktop modelling
capability and the Datawatch Server technology will enable us to
load, validate and interrogate this data for fast, detailed
business insight," adds Webster. "We will be able to test the
effectiveness of operational controls, suggest process
efficiencies, and ensure risks are being managed effectively –
providing us with a market-leading, best-in-class solution."
"Also, with the recent purchase of Panopticon, the Datawatch
solutions now encompass powerful data visualization tools which
will give us direct access into our disparate systems and avoid the
need for costly infrastructure outlay. We are actively looking to
see how we can integrate this capability into our global
strategy."
"This is a major innovation for Vodafone and Internal Audit in
particular, as it brings automated, IT-independent, total business
insight into the audit domain. Their watchword of 'Doing More with
Data' is most certainly being proven," said Haj Muntz, general
manager for Datawatch EMEA. "The intelligence that the IA Team will
now be able to offer into the wider business is unparalleled."
About Vodafone
Vodafone is one of the world's largest telecommunications
companies with approximately 409 million customers in its
controlled and jointly controlled markets as of 30 June 2013. Vodafone has equity interests in
telecommunications operations in nearly 30 countries and around 50
partner networks worldwide. For more information, please
visit: www.vodafone.com.
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 allow 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, 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
www.datawatch.com/trial.
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, 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 information optimization 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; 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, 2012, Form 10-Q for the quarters
ended December 31, 2012, March 31, 2013 and June
30, 2013, and Definitive Proxy Statement on Schedule 14A
filed with the SEC on August 5,
2013. Any forward-looking statements should be
considered in light of those factors.
Investor Contact:
Datawatch Investor
Relations
investor@datawatch.com
Phone: (978) 441-2200 ext. 8323
Media Contact:
Sarah
Bernardi
Datawatch Corporation
Sarah_Bernardi@datawatch.com
Phone: (978) 441-2200 ext. 8387
Twitter: @datawatch
© 2013 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 Corporation