Datawatch Corporation, a provider of business intelligence, data transformation and IT support solutions, announced a partnership with IMPAQ, a provider of supply chain, financial and purchasing software. The agreement calls for the integration of Datawatch's VorteXML technology with IMPAQ's xDE (eXtensible Document Exchange) Suite applications, to enable a turnkey Web-based solution, for financial and purchasing transactions, that does not require any changes to a user's existing IT environment.
“Most small to medium-sized businesses have been locked out of the electronic supply chain due to a lack of internal IT resources and an understandable unwillingness to scrap their big investment in their current systems,” said John Kitchen, senior vice president, Datawatch Desktop and Server Solutions. “The combination of VorteXML and IMPAQ's xDE provides a complete e-procurement solution that utilizes existing system output including invoices, purchase orders and other business documents and requires no programming.”
“In short,” continued Kitchen, “we're making it easier and more cost-effective for small and medium businesses to deploy supply chain systems previously appropriate only for large enterprises with substantial IT budgets. This partnership is the answer to those businesses that have been waiting for lower-cost XML solutions that enable real-world e-procurement solutions without a substantial new investment in time or resources.”
“VorteXML will sit as a transformation layer between an existing back office system and IMPAQ's xDE e-procurement solution,” said Michael Bennett, managing director of IMPAQ. “When a company runs off its monthly invoices, for example, xDE traps the invoice and, using VorteXML, converts the file to a valid XML document. xDE then processes, audits and sends this XML document directly to the customer, ensuring that it meets all of the standards that have previously been agreed. VorteXML enables IMPAQ to offer customers a low cost, high value solution for handling any financial and purchasing documents produced from their back-office systems, without having to build costly interfaces.”
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