AGNC uses Monarch for account reconciliation and converting PDF documents into spreadsheets for further data preparation and analysis.
Hi, my name is Madison Herod. I work for AGNC with a sub-level of MTG, a portfolio underneath them. I work for a hedge funding corporation in Bethesda, Maryland. I do account reconciliation for a portfolio management hedge funding corporation. our system that we use for our GL does, or for our accounting, doesn’t export data in Excel with headers or certain things like that, so we do conversions of our PDF files through Monarch in order to read the data and make it better for audit, and internal use, as well as external. If it’s not available, if it’s not available in Excel, then you’re definitely going to have to spend hours kind of getting your data over where you need to. Even if you could export it through some sort of Excel spreadsheet, or some kind of Excel version through PDF, it wouldn’t be in the right format, and you would still have to reformat that data, so Monarch helps do all of that in one tune. It’s was interesting to talk to people who also use Monarch; see how many fields use it and have access to the data and can use it to manipulate whatever their industry does.