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Custody Reconciliations

AutoRek’s ability to match high volumes of transactions and movements makes it an ideal solution for complex custody reconciliations in the asset management and securities processing businesses.

 

Many of our clients have transformed their operations by being able to demonstrate rigorous controls to their clients (in the case of third party administrators) and the regulators. The rewards for this have been great:

 

  • Dramatic reductions in manpower required to reconcile positions
  • Significant reduction in exposure to buy-backs and house account losses
  • Lower losses on dividend reconciliations
  • Daily reconciliations and monthly reconciliations eliminating the six monthly massive exercises previously
  • Reduction in losses caused by client designations and incorrect re-registrations and warranties

 

Read more about AutoRek

 

Arrange an AutoRek Demonstration

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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icon-careersWe are always on the lookout for talented, hard-working but above all, dedicated individuals to join the team here at AutoRek.
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icon-partnershipAutoRek 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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