Boardwalktech Software Corp. announced that the Company has signed an agreement with Tata Consultancy Services Limited. TCS will be teaming with Boardwalktech to deliver consulting and professional services in the financial services market for the Boardwalk Velocity product.

The Velocity product provides a platform for financial institutions of all sizes to rapidly remediate and transform their Excel and Access based End User Computing environments into a compliant, auditable, and scalable solution. Financial institutions utilize thousands of Excel and Access-based EUCs for financial and performance models along with reporting trackers that must be transformed into an environment to mitigate and manage Captial risk, while being compliant with Office of the Comptroller of the Currency and Dodd-Frank risk modeling requirements. By leveraging Velocity's unique data architecture, these end-user solutions can be rapidly transformed onto a compliant managed database platform.

These transformations can be completed faster than any other solution currently available in the market with minimal impact to the end users day-to-day operations, all while preserving user reliance on the Excel experience and their existing EUCs. IT partners and financial services customers have reported a 10x improvement in time to deploy and cost to transform using Velocity to remediate small, mid, and highly complex EUCs versus alternative software solutions. Velocity has an innovative and patented capability to convert Excel data and models into a database application.

This feature ensures secure data access by dynamically downloading access-controlled data upon authentication. It wipes the data clean from Excel memory upon closing the file, thus eliminating the security risk associated with Excel. Velocity supports cell, row, column, grid, and workbook-level auditability.

It can also capture the auditability of approvals and workflow notifications. These improved auditability, operational and governance features allows financial services firms and banks to continue to use Excel while moving these EUC's into a compliant secure auditable environment.