Monex
Avenida Paseo de la Reforma No. 284, Piso 15, Colonia Juarez,
Mexico City, 6600,
Mexico
Mexico City, 6600,
Mexico
52 55 5231-4500
Banking and Financial Services
Monex Technographics
Monex Technographics, Software Purchases, AI and Digital Transformation Initiatives
Discover the latest software purchases and digital transformation initiatives being undertaken by Monex and its business and technology executives. Each quarter our research team identifies on-prem and cloud applications that are being used by the 2243 Monex employees from the public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources.
During our research, we have identified that Monex has purchased the following applications: Microsoft Dynamics AX for ERP Financial in 2017, Workday HCM for Core HR in 2023, Oracle OBIEE for Analytics and BI in 2014 and the related IT decision-makers and key stakeholders.
Our database provides customer insight and contextual information on which enterprise applications and software systems Monex is running and its propensity to invest more and deepen its relationship with Microsoft , Workday , Oracle or identify new suppliers as part of their overall Digital and IT transformation projects to stay competitive, fend off threats from disruptive forces, or comply with internal mandates to improve overall enterprise efficiency.
We have been analyzing Monex revenues, which have grown to $749.0 million in 2024, plus its IT budget and roadmap, cloud software purchases, aggregating massive amounts of data points that form the basis of our forecast assumptions for Monex intention to invest in emerging technologies such as AI, Machine Learning, IoT, Blockchain, Autonomous Database or in cloud-based ERP, HCM, CRM, EPM, Procurement or Treasury applications.
Monex Tech Stack and Enterprise Applications
Monex ERP
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| Microsoft | Legacy | Microsoft Dynamics AX | ERP Financial | ERP | Infosys | 2017 | 2018 |
In 2017 Monex implemented Microsoft Dynamics AX as an ERP Financial solution with Infosys leading the implementation, targeting the Financial Analyst Group at Banco Monex. The engagement concentrated on core accounts payable operations and ran against day to day AP responsibilities documented between September 2017 and February 2020.
Microsoft Dynamics AX was configured to receive and process invoices in multiple currencies and to support detailed tax validation workflows, including ISR and VAT checks and the application of SAT provisions. Configuration work included payment programming aligned to company policy, advance payment verification procedures for internal and external clients, and the loading of accounting provisions and estimates into the general ledger.
Operational use of Microsoft Dynamics AX covered supplier balance validation, clarification and follow up on rejected invoices with internal stakeholders, bank reconciliation tasks and analysis of accounting accounts. Functional coverage spanned accounts payable, supplier master reconciliation and routine treasury adjacent activities, reflecting the system role within the finance organization.
Governance was operationalized through configured validation steps, review and confirmation routines for supplier balances, and payment scheduling controls enforced within Microsoft Dynamics AX to align execution with company policies. The deployment emphasized process orchestration for invoice validation, accounting cancellations and re classifications, and the capture of payment provisions within the ERP Financial ledger environment.
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Monex HCM
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| Workday | Legacy | Workday HCM | Core HR | HCM | n/a | 2023 | 2023 |
In 2023, Monex Grupo Financiero implemented Workday HCM as its Core HR platform. The initial deployment focused on centralizing HR information for the company’s Mexico operations, establishing a single system of record for employee data and core workforce administration.
Workday HCM was configured to deliver Core HR capabilities typical of the category, including employee lifecycle management, organizational modeling, absence and time tracking, benefits and compensation administration, and basic talent management workflows. Configurations emphasized role based access controls, employee self service, and manager self service to streamline transactional HR processes and standardize data capture.
Governance for the Workday HCM implementation was structured around HR process owners and People Operations stakeholders, with a phased operational rollout aligned to corporate HR functions in Mexico. The program language positions Monex Grupo Financiero on a digital transformation journey with Workday HCM serving as the central Core HR system for ongoing HR governance and operationalization.
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Monex Analytics and BI
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| Oracle | Legacy | Oracle OBIEE | Analytics and BI | Analytics and BI | n/a | 2014 | 2014 |
In 2014 Monex implemented Oracle OBIEE to centralize Analytics and BI for ingresos and contratos reporting across its finance organization. Oracle OBIEE 11.1.1.7 was the deployed release and served as the primary enterprise reporting and analytics platform for revenue and contract analyses.
The implementation included semantic layer modeling through an RPD that organized revenue and contract fact structures and dimensions, a presentation catalog and interactive dashboards for ad hoc analysis, and scheduled publishing for operational report distribution. Core Oracle OBIEE components such as Presentation Services and the BI Server were configured to support multi-user concurrent reporting and secure presentation layer access.
Data integration focused on feeding the OBIEE semantic model from Monex transactional and contract data sources and from intermediate data staging areas, enabling governed single-source reporting for finance and contract management. Operational coverage targeted Grupo financiero Monex finance teams and revenue stewardship functions, providing role-based access to dashboards and reports under the Analytics and BI deployment.
Governance and rollout followed a phased program with a BI consultant engaged from Jan 2014 to Jan 2015, including RPD version control, report catalog curation, and end user training that realigned reporting workflows toward centralized semantic governance. The deployment emphasized structured report lifecycle management and catalog governance to sustain analytic consistency across the finance organization.
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Analytics and BI | Analytics and BI |
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2020 | 2020 |
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Monex Collaboration
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
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Collaboration | Collaboration |
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2015 | 2015 |
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Collaboration | Collaboration |
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2018 | 2018 |
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Monex CRM
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
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Customer Support | CRM |
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2021 | 2021 |
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Data Management Platform | CRM |
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2015 | 2015 |
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Data Management Platform | CRM |
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2020 | 2020 |
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Data Management Platform | CRM |
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2020 | 2020 |
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Data Management Platform | CRM |
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2020 | 2020 |
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Digital Advertising Platform | CRM |
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2015 | 2015 |
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Digital Advertising Platform | CRM |
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2015 | 2015 |
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Digital Advertising Platform | CRM |
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2020 | 2020 |
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Digital Advertising Platform | CRM |
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2022 | 2022 |
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Digital Advertising Platform | CRM |
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2011 | 2011 |
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Marketing Automation | CRM |
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2021 | 2021 |
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Marketing Automation | CRM |
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2020 | 2020 |
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Sales Automation, CRM, Sales Engagement | CRM |
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2018 | 2018 |
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Monex ITSM
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
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IT Service Management | ITSM |
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2021 | 2021 |
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Monex Investment Management
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
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Trading Platform | Investment Management |
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2018 | 2018 |
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Trading Platform | Investment Management |
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2023 | 2023 |
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Trading Platform, Portfolio and Investment Management | Investment Management |
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2014 | 2014 |
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Monex TRM
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
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AML, Fraud and Compliance | TRM |
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2014 | 2014 |
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Risk Management | TRM |
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2023 | 2023 |
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Risk Management | TRM |
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2010 | 2010 |
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Monex PaaS
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
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API Management | PaaS |
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2019 | 2019 |
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Apps Development | PaaS |
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2020 | 2020 |
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Monex IaaS
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
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Application Hosting and Computing Services | IaaS |
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2016 | 2016 |
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Container Service | IaaS |
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2019 | 2019 |
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Container Service | IaaS |
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2019 | 2019 |
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Content Delivery Network | IaaS |
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2021 | 2021 |
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Database Management | IaaS |
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2010 | 2010 |
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Monex CyberSecurity
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
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Application Security (AppSec) | CyberSecurity |
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2020 | 2020 |
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Web Application Firewalls (WAF) | CyberSecurity |
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2022 | 2022 |
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IT Decision Makers and Key Stakeholders at Monex
| First Name | Last Name | Title | Function | Department | Phone | |
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| No data found | ||||||
Apps Being Evaluated by Monex Executives
APPS RUN THE WORLD tracks software evaluation trends across 2 million companies worldwide, including buyer insights from Monex IT executives and key decision makers. As part of ARTW Buyer Intent and technographics insights, these findings provide useful visibility into the Monex digital transformation priorities and AI adoption trends.
| Date | Company | Status | Vendor | Product | Category | Market |
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FAQ - APPS RUN THE WORLD Monex Technographics
Monex is a Banking and Financial Services organization based in Mexico,
with around 2243 employees and annual revenues of $749.0 million.
Monex operates a diverse technology stack with applications such as
Microsoft Dynamics AX, Workday HCM and Oracle OBIEE,
covering areas like ERP Financial, Core HR and Analytics and BI.
Monex has invested in cloud applications and AI-driven platforms to optimize efficiency and growth,
collaborating with vendors such as Microsoft, Workday and Oracle.
Monex recently adopted applications including
Workday HCM in 2023, Surecomp DOKA-NG in 2023 and Oracle Financial Services Analytical Applications in 2023,
highlighting its ongoing modernization strategy.
APPS RUN THE WORLD maintains an up-to-date database of Monex’s key decision makers and IT executives,
available to Premium subscribers.
Our research team continuously updates Monex’s profile with verified software purchases,
vendor relationships, and digital initiatives identified from public and proprietary sources.
Subscribe to APPS RUN THE WORLD to access the complete Monex technographics profile,
including detailed breakdowns by category, vendor, and IT decision makers.