Altair > Case Studies > Automating Report Modeling and Standardization with Altair Monarch for RPA

Automating Report Modeling and Standardization with Altair Monarch for RPA

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 Automating Report Modeling and Standardization with Altair Monarch for RPA - IoT ONE Case Study
Technology Category
  • Analytics & Modeling - Robotic Process Automation (RPA)
  • Infrastructure as a Service (IaaS) - Cloud Databases
Applicable Industries
  • Buildings
  • Finance & Insurance
Use Cases
  • Leasing Finance Automation
  • Time Sensitive Networking
The Challenge
A global financial institution was manually downloading hundreds of thousands of reports from different applications and database systems to a centralized location. The reports were in unstructured formats and had no consistency. End users had to manually copy data from these reports to Excel-based reports.
The Customer
About The Customer
The bank is a global financial institution based in North America, serving close to 20 million customers worldwide. It has more than 85,000 employees and a net asset value of close to $1.5 trillion with annual revenues of ~$50 billion. It is a member of the Financial Stability Board’s list of global systemically important banks.
The Solution
The bank implemented Altair Monarch to automate report modeling and standardization in its RPA architecture. Altair Monarch Server Automation Edition transformed the extracted data into standardized report formats that met end-user and regulatory requirements. Users could design data models and set up automation processes using the no-code interface.
Quantitative Benefit
  • The bank saved over 3000 person-hours per month and reduced the amount of IT engineering time required to support the financial analyst team by more than 300%.
  • Once data is extracted Monarch cleans, transforms, blends and enriches the data using an easy-to-use interface free of coding and scripting

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