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Shared Services

Shared Service Centres are under pressure to deliver process improvement, efficiency and cost containment with minimal capital investment.

 

AutoRek is deployed in several shared services locations to improve the automation of financial processing and reconciliation, whilst reducing costs, improving timeliness of reconciliation preparation and reducing operational risk, all key objectives for a well run Shared Service Centre (SSC).


Our AutoRek and VanguARd™ products relieve the pressure on an already over-burdened processing environment by:

  • Removing up to 95% of the manual burden associated with reconciliations
  • Utilising reporting tools for valuable decision support
  • Improving financial control and visibility
  • Enhancing compliance and control
  • Accelerating escalation of rejected payments or collection and credit control issues
  • Improving data quality in core systems by facilitating data cleansing and process improvement

Additionally, VanguARd™, our automated cash allocations tool, will read remittance advices, relate them to banked amounts and automatically apply them to sales and debtors ledgers saving Shared Service Centres hundreds of man-hours of effort and ensuring instant detection of deductions and unfulfilled promises to pay.

 

Find Out More

To find out more please Contact Us with your enquiry. Alternatively, download our presentation: Optimising Reconciliation and Cash Applications in Complex Shared Services Environments.

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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-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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