autorek

Several leading banks use AutoRek to reduce costs, operational risks, address regulatory demands and improve customer service. AutoRek helps especially in:

• Collection accounts for high volume businesses (car leasing and loans books)
• Branch and other suspense accounts
• Mortgage asset to income reconciliations
• Interbranch/intercompany accounts
• Credit card collection
• Application of cash from third party agents
• ATMs 

AutoRek drives operational efficiency across your enterprise, reducing costs, improving controls and reducing risk.  Each AutoRek product has been designed to resolve specific business challenges and to be best in class. They can be implemented as a complete financial controls system on a single platform of independently to address specific financial challenges, providing complete control, transparency and efficiency in financial processes. 

David Sayer, Global Head of Retail Banking, KPMG and leading AutoRek partner says :

"... There is now a focus on how to manage through a period of particularly high impairments and low net interest margins. There are the consequences of state aid and reputational damage to be worked through as well as the looming spectre of increased regulation. Overall, retail banks are facing a tough environment and a strong, strategic focus on 'getting back to basics' will help see them through."

While the shock waves of the global banking crisis may have started to subside, many retail banking organisations realise that their data management and reconciliations have not been as efficient or robust as they need to be.  Many have taken the opportunity to reassess these fundamentals and the quality of delivery as well as the cost. 

Find Out More

To find out more please Contact Us with your enquiry. Alternatively, visit our Resource Centre to download the following related Case Study:

• Large Retail Bank - Business Banking Reconciliations