Case Study: Whitnell & Co. cuts report prep time from 2 hours to under 10 minutes with Altair Monarch

Whitnell & Co. Cuts Report Prep Time from 2 hours to less than 10 minutes with Altair® Monarch

Whitnell & Co., a 25-year wealth management firm in Oak Brook, Illinois serving over 300 clients, struggled with a monthly reporting and reconciliation task that required producing 415 packaged reports from 20 tab‑delimited source files and more than 46,000 records across thousands of accounts. To eliminate the slow, error‑prone manual imports and formatting (which took about two hours per import and dozens of edits), Whitnell & Co. engaged Altair and its Monarch data-preparation product.

Using Altair Monarch, Whitnell & Co. consolidated all text files into a single, consistently formatted table and automated the reconciliation process, cutting custodian data table generation from ~2 hours to under 10 minutes. The solution enabled full side‑by‑side comparisons (completed in eight hours), uncovered and resolved more than 4,000 erroneous rows, allowed changes to be identified within 24 hours of the data effective date, reduced manual errors, and improved client confidence.

Whitnell & Co.

Tracy Hojka

Manager of Operations