As AutoRek continues to promote its financial data management solutions for leasing companies, we are happy to display our latest feature on Asset Finance International - click here.
How AutoRek helps Leasing Organisations
Leasing companies can encounter many data management challenges – for example, being faced with a high degree of manual intervention in applying payments to the correct leasing deals.
AutoRek instantly reconciles bank and general ledger accounts, automatically highlighting exceptions and routing on the remediation request to the appropriate individual responsible and alerting the appropriate stakeholders. This dramatically reduces the collections cycle. Using advanced matching and categorisation business rules, AutoRek will reduce the manual effort in these tasks by upwards of 75%.
To complement the reconciliations functionality, which can escalate queries and notifications externally as well as internally, we developed a cash allocation product (VanguARd™) which instantly applies bulk remittances to the correct lease deals. Powered by the AutoRek engine, VanguARd™ will use multiple attributes to identify and allocate money to the correct balances sometimes reducing the credit control cycle by weeks. Increased confidence in ledger balances means too that chaser letters, statements and outbound calls will not result in the same level of client dissatisfaction.
AutoRek® is a product of 
We are always on the lookout for talented, hard-working but above all, dedicated individuals to join the team here at AutoRek.
AutoRek supports the Finance Function strategic agenda and is particularly powerful in supporting Fast Close, Shared Services, Cost Reduction, Off-shoring and Outsourcing strategies. 
Getting a solution into production is the first step in achieving a goal. Ensuring smooth running for and enabling change are the true measures of success over time. All solutions we deliver benefit from support delivered by our dedicated service desk. Providing up to 24x7 support levels for critical applications through to standby on-demand advice.