Monarch Software Vendor Saya Spend Less On Technology

Banking are real spenders when it comes to technology. The Oracle,SAP,Business Objects sales professionals are forever to be found in the waiting rooms of bank decision makers.
Rob Graham of Avanquest is a broadcaster and author on banking related issues, “The big boys will be there again this year, selling large ticket technology through fame or fear – but there is another way forward”.
Graham markets world famous report mining software Monarch in the region.
“What our customers really need are solutions, not yet more technology. Graham explains that there is a big

brother to Monarch, ES, which can facilitate the entire bank at a fraction of the cost of alternative strategies by collecting, merging and storing reports in a functioning format. “Clients reach a certain usage with Monarch where I point out that the bigger ES solution is more cost effective”.
Banks carry their data in more than one system and the common problem is storage of and access to the information contained in such disparate fashion – and how such data can be combined and made available to the business users around the organisation while preserving vital security systems and without constant recourse to valuable I.T. time. Compliance heads banks agendas now and Graham believes that 90% of that issue revolves around how an organisation stories its information.
He believes the answer lies within the hundreds and thousands of reports banks generate nightly, weekly and monthly. “Of course the information needed to function exists, albeit held in different fashion from more than one origin. It is there in those old green bar reports. Monarch can merge information from such static reports, already security cleared and tagged, combine them and, through a Windows session, turn them back into live data”.
It may sound to good to be true but Graham points to the fact that there are around 500,000 Monarch users globally in more than 23,000 organisations. He believes nearly 70% of the world’s banks hold Monarch licenses.
His early gains in the region include some local household names as well as branches of existing international banks. He is very excited about the launch of Version 9 of Monarch.
Monarch Pro Version 9 allows users to combine and import data from additional data sources, such as databases or spreadsheets, as well as extract data from HTML and PDF files.
“My customers are especially interested in the new Excel features in Monarch V9," said Graham, "Monarch V9 is a leap forward on many fronts: new Excel functionality, new collaboration tools, and new report mining power to mine data from more complex reports,"
Graham believes that what his customers need is not yet more technology but business solutions. Not bad coming, as it does, from a software seller!

Rob Graham
March 2007-03-02
+971505037755
rgraham@avanquest.co.uk