Customer Profiles / Financial Services / Manufacturing > Manufacturers

Customer Profile: Texas Manufacturer

Monarch Offers Industrial Strength Cost & Management Accounting Benefits for Manufacturers

Kent Warren cites examples:

  • I take weekly cost of sales data and use Monarch to grab price, cost and product line identifiers to move pertinent data to an Access database so that we can monitor and compare results for different product lines.
  • I pull inventory transaction data from three different reports to monitor our inventory flow and identify any discrepancies between our perpetual inventory, our physical inventory, and our book (general ledger) inventory.
  • I pull data from labor reports to track direct labor by manufacturing department.
  • I use Monarch to pull data from work order reports to obtain average production costs for parts to help in estimating costs for similar parts.

Kent Warren, as Assistant Controller for a privately-held Fort Worth, TX manufacturer of custom commercial and industrial equipment, has found Monarch to be a godsend for enabling brand new cost accounting and management accounting benefits. Kent provides us with what is yet another compelling Monarch for Accounting testimonial.

"When I first joined the company, there was a significant need to expand the reporting capabilities of the cost system," said Kent. "We needed to provide more detailed information on the cost of our products and to verify the cost flows being generated by the cost system. To accomplish this, we printed reports totaling three to four thousand pages each week. Physically it was a logistical nightmare, not to mention the annual costs in paper. And while we now had the detail information available, manually working with printed data for specific queries remained a monumental and tiresome task."

"That is,"Kent adds, "until I began using Monarch!"

"I was hooked on Monarch from the day I installed the software. I could now download the reports from our main computer and retain them on my PC, and then archive them via electronic media, thus freeing up literally a room of storage space. But as wonderful as that was in of itself, the immediate increase in productivity achieved by being able to cull all that data using Monarch's models was tremendous."

Kent continues, "On a weekly basis I now prepare valuable reports for making financial decisions using Monarch to sift through dozens of different production reports."

"What used to take days to prepare, I can now accomplish in a few hours."

"Also, because I am no longer transcribing data by hand, better accuracy is a given. As my responsibilities have expanded, I have seen to it that the use of Monarch has expanded likewise. We (each accountant now has a copy) now use Monarch in both general accounting and cost accounting. We can now devote greater time to the analysis of our financial results instead of spending the time just gathering data."

Kent concludes, "If I was asked as an accountant, 'What is the most important piece of software you use on a regular basis?' I would be hard pressed to decide between spreadsheet software (being an accountant, I imagine that would be the expected response), or Monarch. Using your existing reports, Monarch can get your data, sort it, consolidate it, and present it in the desired format."

"As for the future, in my accounting career I might find myself using different spreadsheet or database programs, but they will have to pry Monarch from my 'cold dead hands'!"

Contact Us

North America

Germany, Austria,
Switzerland

Europe, Middle East & Africa

Central & South America

Australia & Asia Pacific


Monarch Demo Request