Control Now operates in the UK and Europe, offering regulatory reporting assurance to large multinational clients. Back in 2017, Control Now established a partnership with Motion Software for assistance in MVP creation and administrative work.
“We have used Motion Software as a partner to supply us with development and testing resource since we were founded in 2017. They have been able to provide quality development resource for a range of different product and projects, and have been flexible with the scaling up and down of resource depending our requirements. We have also used their recruitment function to supply full time resource. Overall – extremely impressed with their service.”
– Murray Abel, Managing Director
Control Now partnered with Motion Software to develop an MVP that would align with the newly introduced MiFIR regulations. Motion Software allocated a team with in-depth expertise to create the solution within tight deadlines.
The MVP was a product which can ingest raw transaction data, which Control Now clients provide in Excel. Firstly, it categorizes the list of transactions and validates that it has been correctly assigned to the right transaction type. Secondly, the data is transformed to match the required format of the EU financial regulators. Any potential issues are flagged by the platform and reported to the CN clients, before finally cross-referencing the data with external sources to ensure completely accurate reporting.
Consequently, Motion Software developed an MVP and provided the client with testing, as well as DevOps services. The partnership extended further, and the client requested Motion Software’s dedicated team model and assigned Motion Software to handle recruitment administrative paperwork.
As a result, the MVP helped Control Now to:
- onboard their first paying customers
- learn more about their clients’ problems and optimize the onboarding process
- identify new opportunities for solutions which are now part of their product suite
Control Now is now one of the global leaders in the reporting assurance industry. Their offering consists of TR Accuracy, TR Completeness, and TR Audit. At present, Motion Software continues to cooperate with Control Now.