Altair
Case Studies
Advancing RPA Initiatives in Financial Reporting: A Case Study of a Global Bank
Overview
Advancing RPA Initiatives in Financial Reporting: A Case Study of a Global BankAltair |
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Analytics & Modeling - Robotic Process Automation (RPA) Infrastructure as a Service (IaaS) - Cloud Databases | |
Buildings Finance & Insurance | |
Leasing Finance Automation Time Sensitive Networking | |
Operational Impact
The implementation of Altair Monarch to augment the bank's RPA solution resulted in significant operational improvements. The bank was able to save over 3000 person-hours per month, freeing up personnel from the shared finance services team to work on other pressing business architecture and analytic tasks. The self-service capabilities of Monarch also allowed the bank’s IT team to focus their attention on a major new security initiative. The bank designed its implementation to make it easy to scale up as needed to support its growing customer base, demonstrating the solution's flexibility and scalability. The reduction in manual tasks also likely improved the accuracy and consistency of the bank's reports, reducing the risk of human error. | |
Quantitative Benefit
Saved over 3000 person-hours per month | |
Freed up personnel from the shared finance services team to work on other pressing business architecture and analytic tasks | |
Reduced the amount of IT engineering time required to support the financial analyst team by more than 300% | |