Case Study: IBERIABANK achieves reconciliation in minutes instead of hours with Altair Monarch

IBERIABANK Cuts Reconciliation Time from Hours to Minutes with Altair

IBERIABANK, a Lafayette, Louisiana–headquartered bank managing about $20 billion in assets, struggled with a time-consuming general ledger reconciliation process—millions of rows and roughly 19 GB of data—that required substantial manual effort. To automate and accelerate reconciliation, the bank adopted Altair’s Monarch solution.

Altair used Monarch to extract data nightly from multiple databases and PDFs and produce flat files for automated reconciliation, enabling scheduled overnight runs with no manual intervention. As a result, IBERIABANK cut reconciliation time dramatically—one account dropped from 2 hours to 2½ minutes—freeing staff to analyze results and resolve issues much more quickly.

IBERIABANK

Denny Pagnelli

Controller