At AutoRek, we provide a range of financial, operational and regulatory reporting and control products that help firms know their data, understand their data, and report completely and accurately on their data.
AutoRek is a product of API Software Limited and was created in 1994 as an information and data management consultancy. Based in Glasgow, we were Scotland's first Microsoft Gold Certified Partner for Business Intelligence Services and remain a Gold Certified Partner today.
The first deployment of AutoRek took place in 1998 to handle privatisation and de-mutualisation activity for a number of stockbrokers supporting massive share sales. We discovered that existing reconciliation processes simply couldn't cope with the volumes, short timescales and accuracy demands being placed upon them.
AutoRek in 2017
Today, AutoRek is deployed globally. We remain headquartered in Glasgow with offices in Edinburgh and London. Our dedicated team of experts possess extensive experience in finance and technology, with over 20 years of installing world class reconciliation software in many of the leading companies in the world to tackle some of the most complex data reconciliation challenges.
As a result of this, we are currently able to reconcile at both high volume (2.4 billion transactions within an hour) and high accuracy (up to 99.9% of reconciliations). This means we typically save up to 75% of the costs spent on reconciliations, and because of this we offer a speedy Return-On-Investment on the software.
Uses of AutoRek
Although created as a dedicated reconciliation tool, AutoRek's powerful technology platform addresses various business issues including:
- Automating the cash application process
- Complying with financial legislation including client money and FATCA
- Improving financial close processes
- Assuring account attestation and balance sheet certification
We are proud of our blue chip client base comprising many leading FS companies and some of the world's largest corporations from a range of sectors. We are also an implementation partner of many leading consultancies.
Find Out More
For more information Download our Product Brochure or Schedule a Demo.