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August 03, 2012

ACL and Datawatch Announce Partnership for Delivering Audit Analytics Solution



ACL Services announced a strategic partnership with Datawatch Corporation, which delivers audit, risk and compliance professionals with improved aptitude to analyze data trapped in static reports such as PDFs, HTML files, print files and other content-rich data sources. ACL Services is a provider of technology for audit and compliance professionals, whereas Datawatch Corporation expertise lies in information optimization software and services, thus the alliance makes for a good business decision.

The amalgamation of ACL and Datawatch technologies will let enterprises record data from semi-structured and loosely-structured data sources – like PDF documents - and incorporate it into their ACL data analysis solutions. This will instantly enhance the overall functionality of an organization, as it helps in providing visibility into critical corporate data. Other benefits include; augmenting personal productivity, improving data quality and integrity, and consolidating business assurance activities.

"Audit, risk and compliance professionals continually seek technologies that help them deliver more responsive, accurate guidance for their businesses," said Laurie Schultz, president and COO of ACL. "This agreement furthers our mission to provide this technology in a convenient, easy-to-use solution. The efficiencies and capabilities of the combined ACL and Datawatch offering will allow our mutual customers to cost-effectively reduce effort and improve success."

Under the partnership, ACL will sell the solution, branded ACL Importer, via both its direct sales and global channel partners and ACL and Datawatch will work together towards joint marketing, services, sales and certification activities. According to Dave Dauksas, partner, PricewaterhouseCoopers (News - Alert), "Important compliance and audit-related information often lives in documents that are not organized into easily-accessed rows and columns. The ability to easily access this data and diligently examine it with a proven analytics platform is a compelling value proposition for audit and compliance professionals."

"For our current customers that use Monarch to access information for audit, risk management and compliance purposes, this alliance with ACL provides significant added value with the seamless integration to ACL's award-winning analytics solutions," said Michael A. Morrison, president and CEO of Datawatch. "For prospects, the combined ACL and Datawatch offering represents a new standard in the industry with no competitive peer."



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Edited by Brooke Neuman
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