Without the proper tools, system migrations can take months, or even years. Monarch cuts project duration by extracting data from the old system, transforming it to the new required format and loading it to the new system.
With Monarch, there is no need to manually impute and transform data, split rows, write calculations and vLookups or manipulate formulas. Instead, Monarch enables any business user or implementation services rep to automate the data access, transformation and blending data from any core or accounting system.
Learn how MountainOne Saved 4,000+ Hours During Core Conversion and Reconciliation
Accounting operations are sensitive to process and human error. If Accounting Departments fail to follow the same, exact steps each month, it can result in mistakes and misrepresentations of the organization’s financial performance. Monarch enables departments to establish processes and enforce continuity through pre-built models and workspaces.
Monarch Self-Service Data Preparation:
Drastically reduces manual data prep time by automating data extraction, cleansing and blending
Decreases opportunity for human error to skew balance sheets, general ledgers, or organization performance reports
Ensures that the same data prep steps are taken for eac reconciliation or forecasting report
Provides greater peace of mind that reports are accurate and valid
Eliminates the need for IT or technical help to access difficult data
Identify outliers and mistakes instantly using Negative Joins aka “Match & Kill” before posting to the General Ledger . Learn More
Preparing for audits should not be a major project. GAAP encourage Accounting Departments to maintain processes that are repeatable, governed and easily auditable. Datawatch Monarch simplifies, automates and governs much of this to ensure that organizations are helping themselves out by adhering to best practices across the department.