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AutoRek Selects Magic Software's iBOLT Integration Platform

Financial data management experts AutoRek extends its solution to provide real-time data across the entire business process.

 

Magic Software Enterprises Ltd. (NASDAQ: MGIC), a global provider of cloud and on-premise enabled application platforms and business integration solutions, and AutoRek Financial Data Management announced today AutoRek powered by iBOLT.  AutoRek is a leading financial controls solution and iBOLT is Magic Software’s code-free integration platform.  AutoRek has chosen iBOLT to sell alongside AutoRek to enable the seamless integration of financial management data with other enterprise applications.   

 

iBOLT allows users to integrate AutoRek with  existing applications, databases, and third-party external systems, such as Customer Relationship Management (CRM), Enterprise Resource Planning (ERP) systems and accounting packages, enabling finance professionals to access and process data much faster and reduced human errors.

 

Gordon McHarg, Managing Director at AutoRek comments: “iBOLT allows us to offer our award-winning reconciliation product to both new and existing customers safe in the knowledge that they can instantly improve and enhance ROI by integrating all of their in-house and ERP systems with AutoRek.  This gives finance teams a clear view of the data and the ability to make instant decisions.”

 

David Akka, Managing Director of Magic Software UK, Eire and the Nordics, comments: “The combination of iBOLT and AutoRek offers the marriage of a best-of-breed reconciliation tool with best of breed in-house ERP solutions and ensures a single pane of glass view of data across the organisation without the need for extensive reprogramming.”

icon-aboutautorekAutoRek® 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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