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Manual Client Money Reconciliation is a Huge Burden, says AutoRek

The Financial Services Authority's continued clamp down on client money handling puts an almost impossible burden on firms attempting to reconcile client accounts manually, according to AutoRek.

 

 

 

Jim Muir, Director at AutoRek, discusses the burden on firms attempting to reconcile client accounts manually. Click here to read the article:  Manual client money reconciliation is a huge burden, says software provider.

 

Note: This article is only available in full to Compliance Complete UK and Europe Subscribers. If you are not a current subscriber but would wish to see the full article, contact us to request a text copy.

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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