Control’s Force Releases Version 2.0 of Buying Transaction Watchdog™

LIVONIA, MICHIGAN – September 17, 2010

Control’s Force today announced the availability of Buying Transaction Watchdog™ version 2.0. This product line is aimed to protect ERP customers from system errors, human data entry errors, employee fraud schemes and transactional data discrepancies.

The new version comes packaged as a VM Ware virtual image. It consists of turn-key solution deployment and 4 adaptors: QAD (QXtend/XML), Progress (XML/DB), SAP Business One (DB) and Microsoft Dynamics AX (DB) adaptor. The later option also allows for cloud deployment of the Buying Transaction Watchdog™ (see product architecture for more details). Additionally, improvement to the Alert Resolution Manager will now allow the user to work in a more efficient manner. There also have been significant additions made to the ARM Client and ARM Server.

Buying Transaction Watchdog™ continuously monitors each buying deal with the supplier, through multiplicity of business processes like, Purchase Order Account Payable, Account Receivable (when ordered items are returned), Inventory and Shipping. It detects and provides purchase, finance and line-managers with real time alerts to duplicate invoice/voucher/payment that can contain:

  • Discrepancy in item price (under, over) vs. purchase order, item quantity, vendor name
  • Ghost invoice and ghost item
  • Employee fraud like, “cooking the books” and purchasing for personal gain
  • Segregation of duties in the scope of individual and long running buying transaction

“With the help of our customers we constantly improve the user interface and features of the ARM Client”, says Vladimir Forfutdinov, CEO of Control’s Force. “As a result, the product can now help to detect the root cause of the losses more efficiently”.

About VM Ware
VMware (NYSE: VMW), the global leader in virtualization and cloud infrastructure, delivers customer-proven solutions that significantly reduce IT complexity and enable more flexible, agile service delivery. VMware accelerates an organization’s transition to cloud computing, while preserving existing IT investments and enabling more efficient, agile service delivery without compromising control. With more than 190,000 customers and 25,000 partners, VMware helps organizations of all sizes lower costs, preserve freedom of choice and energize business through IT while saving energy—financial, human and the Earth’s. (www.vmware.com)

About Progress
Progress products and technology are used by nearly 140,000 organizations in more than 180 countries, including 70% of the Fortune 100. Progress technology provides the infrastructure for applications as diverse as ERP and financial trading, across industries as diverse as retail, manufacturing, telecommunications, financial services, and government.
Progress Software provides innovative technologies that deliver flexible application infrastructures, extended visibility, real-time integrated data access and high-speed event processing. (www.progress.com)

About QAD
QAD is a leading provider of enterprise applications for global manufacturing companies specializing in automotive, consumer products, electronics, food and beverage, industrial and life science products. QAD applications provide critical functionality for managing manufacturing resources and operations within and beyond the enterprise, enabling global manufacturers to collaborate with their customers, suppliers and partners to make and deliver the right product, at the right cost and at the right time. (www.qad.com)

About Microsoft
Founded in 1975, Microsoft (Nasdaq “MSFT”) is the worldwide leader in software, services and solutions that help people and businesses realize their full potential. (www.microsoft.com)

About SAP
SAP is the world’s leading provider of business software(*), offering applications and services that enable companies of all sizes and in more than 25 industries to become best-run businesses. With more than 102,500 customers in over 120 countries, the company is listed on several exchanges, including the Frankfurt stock exchange and NYSE, under the symbol “SAP.” (www.sap.com)

About Control’s Force
Control’s Force is the innovator behind transactional controls, whose products and services are specialized for long-running business transactions. By tracking data as a part of the transactions across distributed IT systems and processes, the company helps organizations extract the lowest cost and the maximum value. Additionally, it protects users’ information from human and systems incompatibility errors, employees’ fraud, and data lost. Information about Control’s Force’s products and services can be found at www.controlsforce.com.

Press Contacts:
info@controlsforce.com