Information retrieval software

Are you a government administrator looking to get your organisation’s resources planned, managed and directed for greatest impact?

Do you struggle to manage finances effectively because there are too many cooks in the kitchen and everyone sees the numbers differently? 

Would you like to have faster, clear-cut access to accurate financial data needed to drive improved organisational performance and better decision-making?

Welcome to Teldware™ our US-patented cost management system, data integration, and information retrieval software which is typically used by chief accountants, chief financial officers, agency heads, department heads, auditors, accounts receivable clerks, accounts payable clerks, controllers, operational managers, engineers, officers and other employees with budget responsibility who need access to data and information in a broad range of work related situations.

Teldware™ empowers financials people and operations people to make the numbers work. With Teldware™, non-technical officers and administrators will be able to apply data in innovative ways to improve decision-making, reduce service delivery costs, and deliver on obligations.

We do that by transforming your complex and often confusing accounting system into a simple and efficient cost management system that even your non-technical people can leverage to deliver on key objectives and priorities.

Most financial systems fail in the effective cost-management domain because they are too complex to be used by non-technical users. If your operations people cannot make sense of the financial data, then delayed decisions and poor performance will follow. If a financial report arrives several weeks after the decision has been made, then again performance will suffer.

Here at Teldware™, we believe that your accounting system should serve the operations people as well as the financials people.

We accomplish that in 3 ways:

1. Teldware™ enables you to search big clusters of data to find needed information in seconds. The next time someone pops the question “Where is the money?” just point and click to produce an accurate and an up-to-date answer in a matter of seconds. We’ve enabled the Faeroese Government retrieve the information they need from a pool of almost two million documents in three seconds or less. If each of those documents was about two pages, and they were printed on regular copy paper and stacked on top of each other, then that pile would be around 375 metres high! That’s higher than the Big Ben, The London Eye and The Statute of Liberty put together! That would be one massive pile of information, but with a few clicks of the mouse, Teldware™ retrieves just the right information from that huge pile of data in a matter of seconds.

2. Teldware™ is easy to use. While most accounting systems require specialised technical skills, Teldware™ makes specialisations redundant. Let’s go back to our two million data files example. Now, with so many files, if you viewed one per minute, and you worked 8 hours per day, 5 days per week, it would take you 15 years to view all the documents. Teldware™ can get you to the right file in seconds–often in three seconds or less. To our knowledge, no EBS can do that! That’s why we received a patent for this technology – there is nothing like it.

3. The biggest reason Government organisations choose to work with us is our unparalleled user adoption rate. We believe that user adoption rate trumps sales presentations every time. Why? Because no matter how many bells and whistles there are in your accounting system, if your people find it too hard to use, then it is probably useless for them. Our research shows that a typical user adoption rate is anywhere between 10-35%. Our user adoption rate in the Faeroese Government is an impressive 78-93%! We have designed a simple interface that is fast and easy to use for your non-technical people. Simply point and click to get the answer you seek, fast–and in seconds. Teldware™ turns your questions into answers. It’s easy to use. Isn’t that what technology should be about?

Teldware™ technology can be used to integrate data from countless pieces of software to produce one optimised and unified interface that your people can use to make the numbers work. It’s all about SPEED, simplicity and user adoption.

Imagine being able to

• quickly retrieve and understand financial accounts,
• forecast and budget more effectively,
• improve performance management in your organisation,
• reduce headcount while ensuring proper service delivery,
• and manage with fewer resources.

That’s where Teldware™ can help!

Our technology makes budgeting, monitoring and forecasting quick, easy and accurate by making up-to-date financial data available to decision-makers in your organisation. Teldware™ enables users to go back in time in your data to determine better timing and priorities for future service or budget allocation.

By using Teldware™, your organisation’s managers and decision makers will feel empowered to manage financial performance in your organisation. That’s because having accurate and timely data at your fingertips leads to improved efficiency, decision-making and improved organisational performance.