Simplifying Data Exchanges

DataRose, LLC wants to make communication easy between vendors and their clients. Late last week, the company officially announced The EqualXchange Network, which manages the data exchange between data and service providers and the creditors, agencies and law firms they serve.

The Network works because of data mapping and translation technology EqX, which translates the sender’s data into the receiver’s data format. According to DataRose, this makes communication seamless between software systems.

“This is an industry that relies heavily on the ability of all parties across the entire value chain to exchange data,” said Jonathan Cleary, chief executive officer, in a statement. “Doing so has historically been a challenge, resulting in inefficiencies and higher costs. The EqualXchange Network gives the industry 'plug-and-play,' seamless, secure data exchange capability. Now, it no longer matters that everyone uses different software.”