AutoRek

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Overview

AutoRek is our core flagship product. It is a powerful automated reconciliations solution which comes complete with advanced matching capability, workflow to route corrective action requests and queries, case management and management information.

Implemented in many of the world's largest corporations, our range of reconciliation deployments vary from sophisticated intercompany reconciliations to high volume bank reconciliations and calculating and reconciling daily client money requirements.

Key Features

Key AutoRek Facts

  • AutoRek is a purpose built reconciliation tool with all the essential components built in
  • AutoRek reconciles 25% of all cash transactions in ATMs in the United Kingdom
  • AutoRek automates up to 99.9% of the reconciliation process
  • AutoRek's largest reconciliation deployment managed 2.4 billion transactions per hour
  • AutoRek has the ability to source data in any format from anywhere

Key Benefits

The Compelling Business Case

The speed to implement AutoRek is dramatic and businesses can see the results of automation within days rather than months. Coming complete with its own MI (management information) tools and its own escalation work flow, the end-to-end reconciliation, reporting and remediation cycle is managed comprehensively and consistently in one place.

Benefits

  • Save up to 75% of FTEs spent on reconciliations
  • Typical ROI can be achieved within 9 months
  • Reductions in write-offs and audit costs
  • Increased control and visibility over the entire financial process

Product/Service details

SOLUTION TYPE
User Suitability (Capital Markets & Investment)
Asset Managers, Trading firms, Wealth Managers
Geographic Availability
Africa, Asia-Pacific, Europe