AutoRek
https://www.autorek.com/autorek-2/AutoRek is a powerful automated reconciliation tool that automates manual financial data processes, enabling clients to reduce costs by over 50% and save up to 75% of time. It provides control over data and supports regulatory compliance, offering a comprehensive solution for data collection, validation, reconciliation, and reporting.
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Product Overview
AutoRek is an end-to-end reconciliation automation solution designed to help financial organisations automate manual processes, achieve significant cost and time savings, and ensure regulatory compliance. The platform streamlines the collection, validation, and reconciliation of data, providing transparency, governance, and comprehensive reporting.
Detailed Description
AutoRek is a powerful automated reconciliation tool that automates manual financial data processes, enabling clients to reduce costs by over 50% and save up to 75% of time. It provides control over data and supports regulatory compliance, offering a comprehensive solution for data collection, validation, reconciliation, and reporting.
Key Features
- Automated data ingestion from multiple sources and formats (SWIFT, ACH, ISO 20022, spreadsheets, CSV, bank statements, OCR for paper sources)
- Flexible data management: consolidation, normalisation, transformation, enrichment, merging third-party data, summarisation, disaggregation, reporting labels, full audit trail
- Intelligent matching: match analysers, user-defined rules, one-to-many/tiered/cascading matches, timing/age sensitivity, role segregation, high-speed matching
- Exception management: prioritisation, workflow assignment, dashboard integration, automatic escalation, consolidated view of breaks and bottlenecks
- Attestation: centralised sign-off, ownership assignment, visibility across entities/units/locations, complete audit trails
- Auto-journalling and reconciliation: integral sub-ledger, automatic journal creation, multi-period/currency/company support, journal entry audit trail
- Reporting, dashboarding, and auditing: full data lineage, unified database, online dashboards, scheduled/automatic report generation
- Seamless data delivery: configurable outputs, integration with counterparties and upstream systems
Key Benefits
- Reduce operating costs and meet cost reduction objectives
- Remove spreadsheets and manual processes for greater efficiency
- Achieve ROI within 9 months
- Reconcile data in any format, allowing easy integration with existing systems
- Enhance regulatory compliance
- Access real-time insight and granular reporting for full data confidence
- Automated workflows to increase efficiency and streamline processes
- Real-time, reliable management information and comprehensive audit trails for accurate reporting
- Fully scalable to support company growth
How It Works
Documentation
View DocumentationWho Is It For
- Financial organisations
- Asset management & capital markets
- Banking
- Insurance
- Payments industry



