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Earthlite Drastically Simplifies and Expedites Accounts Receivable Analysis with Datawatch MonarchBEDFORD, 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 illion 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 About Datawatch Corporation Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 © 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 [email protected] 978-275-8387 Twitter: @datawatch |