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Avoid Unwanted Year End Surprises

Year end often throws up surprises which need to be managed and addressed very quickly no matter what. One such surprise is the discovery that reconciliations have not been performed satisfactorily or a query or a discrepancy has arisen that requires a significant amount of retrieval of data for analysis or matching.

AutoRek can be deployed without the need for integration into core systems to quickly analyse and remediate any reconciliation which has become delinquent or any data mining exercise which requires analysis and/or comparison.

Examples of these might be suspense account or collection accounts where the balances have rolled up without adequate aged analysis of unmatched items or uncleared items, analysis of rejected collection accounts for rents, analysis of rents paid and received between different parts of the authority or simply bank account reconciliations.

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The business as usual benefits of AutoRek include a 75% reduction in manpower working on reconciliations (a useful contribution to cost saving objectives) as well as a much improved control environment and additional process benefits downstream.

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The best way to discover the benefits is by seeing a demonstration of the AutoRek software. Please complete the short form below and we will contact you shortly.

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AutoRek^® is a product of API Software Ltd and was born in 1994 in the days of mass privatisation and de-mutualisation. By working closely with a number of stockbrokers involved in these massive share sales, we discovered that existing manual reconciliation systems simply couldn’t cope with the volumes, short timescales and accuracy demands placed upon them. Find out more about AutoRek.

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AutoRek supports the Finance Function strategic agenda and is particularly powerful in supporting Fast Close, Shared Services, Cost Reduction, Off-shoring and Outsourcing strategies. Find out more about becoming a partner.

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