A financial data management and reconciliation software for financial institutions and large enterprises.
AutoRek is an automated reconciliation software that helps firms simplify the collection, validation, and reconciliation of data. It mainly operates within the FS sector, servicing many large banks, asset managers, and insurance firms. The largest reconciliation deployment managed up to 2.4 billion transactions per hour.
The AutoRek platform services many clients worldwide, including leading asset managers, banks, payments and insurance companies. They work with employees across the business within the Finance, Operations, Compliance, and IT departments.
As a firm with a huge volume of transactions, AutoRek has freed up our time so that we can focus on the errors and breaks, rather than the manual tasks. Since implementing the product, we are already seeing an ROI.
Our client money reconciliation process has been reduced from two full-time equivalents daily, to around 15 minutes per day. This has freed up our team’s time to spend on other critical processes, including investigation and resolution of breaks, innovation and automation and ultimately supporting the wider growth goals of the business. We are already seeing significant ROI from our investment and are very excited for the future
iSoftware4Banks, Inc was looking to resell a reconciliation tool to sell to Banks and Credit Unions. We reached out to several providers and the senior team who are all former banks who held senior positions decided to go to market to serve our clients and new clients with AutoRek.
AutoRek is very flexible and it is not limited in what it can do. It covers all areas of finance, reporting, bank to bank, budgets etc. It is not limited in its ability at all. Many areas within an organization can use this software. To understand and see it in action you need to have a demonstration and you will be surprised of all its enhanced capabilities.
Honestly, there is nothing I can honestly state other than I wish I had it in banking career.