Q: Welcome, Todd. Let’s begin with a quick overview of the functional ECO solutions that Formality ECO provides.
Well, several years ago we identified that even if an ECO is small and can be implemented manually, it is still an error-prone process. So we added some functionality to Formality to enhance the implementation of small, manual ECOs. We used to sell this interactive ECO functionality as ‘Formality Ultra’, however, we are now including this functionality as part of the base Formality package.
For the past 12 months we have been rolling out new, automatic ECO capabilities that we are calling ‘Formality ECO’. This is an entirely automated solution intended for large or complex functional ECOs that are difficult-to-impossible to implement manually.