Sector - Invoice Finance

Bank Reconciliation Would be Easy – If I Only Had One Bank Account!

As a successful invoice finance company, you’ll have a large number of customers and, possibly, you’ll manage these customers through a local branch network.  That means that you’ll have hundreds or, possibly, thousands of client trust accounts to reconcile with hundreds or, possibly, thousands of client cashbook submissions or sales ledgers.  Add in branch-to-head-office reconciliations and you have a daunting task – especially if you’re currently using Excel or manual reconciliation methods.

AutoRek Reconciliation Software automates over 99% of the reconciliation process, shortening the reconciliation process to hours instead of the days or even weeks that manual processing can take. What's more, AutoRek is easily integrated with any existing IT systems including client data extraction systems such as OSMOTM from Credit IQ.

More Invoice Finance Sector Benefits

Of course reducing reconciliation workloads and improving productivity isn’t the only benefit that faster more accurate reconciliation can bring, AutoRek can help invoice finance companies to:

  • Minimise operational risk - identify fraudulent activity or potential bad debt more quickly
  • Optimise cash and asset management - shortening the reconciliation lifecycle means more up-to-date information enabling you to manage your assets more efficiently 
  • Reduce the compliance burden – with a transparent audit trail, making FSA or other compliance requirements more easily achievable

Our Clients

Our clients in the financial services sector include; Lloyds TSB Commercial Finance and Cattles Invoice Finance – for a full list please contact us 

Find Out How AutoRek can Benefit Your Organisation

We’d love the chance to show you how AutoRek’s reconciliation software can benefit your organisation.  Please call us now on 0845 603 3613 or contact us to arrange an appointment to discuss your specific organisational needs and allow us to demonstrate how AutoRek can help you.
   
0845 603 3613 |  info@autorek.com