What used to take me five hours now takes me 15 minutes.

Gregory Henry
Director of Treasury, AGNC

THE CHALLENGE

Founded in 2008, AGNC is an internally-managed mortgage real estate investment trust with an asset portfolio worth $6.3 billion. With common stock publicly traded on the NASDAQ Global Select Market, AGNC’s objective is to provide its stockholders with attractive returns. Every day, the Treasury team needs to provide a real-time picture of the company’s asset situations, as well as to advise which assets were ready to be liquidated or leveraged.

To make this a reality, the team of six had to analyze multiple revenue and financial reports and consolidate into a single report. “We were drowning in excel spreadsheets summarizing numerous assets, from numerous analysts in numerous formats,” said AGNC’s Director of Treasury, Gregory Henry.

Solution

Henry discovered DataRails, the simple and seamless solution to these problematic financial data challenges. The team uploads their varying excel spreadsheets into the DataRails platform with little to no training, and within minutes are able to compare and analyze their assets’ financial data in an efficient manner.

DataRails provides Henry and his team with better visibility and insights, and it saves them enormous amounts of time and money in the process. Additionally, Henry feels confident in the final versions of the reports, as the technology within the DataRails system highlights any changes or abnormalities in the data.

DataRails maintains a clear audit trail, enabling Henry to easily pull up the necessary information in case of an audit request. And because of DataRails’ built-in version-control reporting, the team always knows they are working on the most up-to-date data set.

Now that DataRails is taking care of the details, I can spend my time on the big picture.