Date Posted: 10/1/2003
CashFlow Guardian® Version 2.0 Now Available; New Version Allows for 3rd Party Canned Rulesets
Contact for CashFlow Guardian, Inc.:
Chris Chodnicki
410/290-0800, x203
cchodnicki@CashFlowGuardian.com
CashFlow Guardian® Version 2.0 Now Available
New Version Allows for 3rd Party Canned Rulesets
Columbia, Maryland – October 1, 2003 – CashFlow Guardian, Inc. (“CFG”), a developer of packaged software for Recovery Audit & Audit Control, is now shipping version 2.0 if its product.
For decades consultants and accounting firms have made money by camping at large companies and poring through payables, seeking duplicates and other mistakes that can be turned into recovered dollars. These “Recovery Audit Services” firms typically charge on a contingency basis, up to 33% of what they recover from vendors.
This approach tends to find most of the problem payables, but it’s invasive to the company, expensive, and takes weeks-to-months.
Today, software vendors such as CFG are offering “Recovery Audit In-a-Box”—that is, easy-to-use software that flags problem payables automatically, in a matter of seconds, after receiving a load of A/P data from any accounting system.
And the CFG software carries no “contingency fee”—it costs from $5,000-20,000, and commercial and government organizations are using it to save hundreds of thousands and millions of dollars each year.
Many Business Intelligence software products offer their own proprietary database underneath their application, which can be very problematic regarding compatibility, long-term survivability and feature set constraints. CFG is built on Microsoft database technology, specifically the worldwide, market-share leading Microsoft SQL Server®.
“The Recovery Audit business is changing rapidly,” said Greg Talbott, CEO of CFG. “The rules and algorithms behind scanning payables for problem items are being delivered in highly packaged software, instead of as a human service, such that it can run in close to real-time with any accounting system, and at far lower cost.”
The 2.0 version of CFG has many powerful new features, the most noteworthy of which is allowing for 3rd party canned rulesets. CFG now allows developers to create commercial-grade SQL statement containers in the CFG format, and if certified by CashFlow Guardian, Inc., these canned rulesets are then offered through the CFG Online Store. These rulesets can be for accounting or non-accounting data sources (A/Ps, A/Rs, shipping/freight billing data, telco billing data, etc.), can be specific to industry verticals, and so on.
A free CFG Developer's Webinar for prospective 3rd party canned ruleset-builders is being offered on November 3, 2003 (Monday), at 11 am EST (sign up at www.CashFlowGuardian.com).
About CashFlow Guardian, Inc.
CashFlow Guardian, Inc. was founded in 2002 with the mission of providing a powerful, “three-mouseclick” software tool for helping organizations large and small, in the business of methodically watching over A/P and A/R transactions and greatly facilitating recovery of any problem items.
CFG 2.0 is available in Standard and Enterprise versions, for single- and multi-users. The software, and accompanying maintenance plans, can be purchased from the firm’s secure webstore, at www.CashFlowGuardian.com, or call 410/290-0800.
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