3i Selects AutoRek to Enhance Controls and Governance of Asset Records
London, UK, November 8th, 2017 – Today, AutoRek, the leading software solutions provider for financial controls, data management and regulatory reporting, announces that 3i plc (3i), an international investment manager, has selected AutoRek to enhance controls and automation of asset records to support its continued growth.
Starting with £15m capital in 1945, 3i is now a leading international investment manager focusing on private equity and infrastructure. 3i is a diversified investor with disciplined and consistent investment processes. This, together with its strong capital position, supports 3i’s objective to deliver good returns through the cycle.
AutoRek will be deployed to enhance existing technology installed at 3i, including external and in-house systems. AutoRek will enable 3i to prepare a second record distinct from its existing system, and perform internal, external and physical asset reconciliations. Demonstrable governance and controls, as well as support for the client money assets return (CMAR) will ensure ongoing adherence to CASS regulatory requirements for the protection of Client Assets.
Kartik Shah, Director of Regulatory Reporting at 3i Group plc, said, “Effective risk management underpins the successful delivery of our strategy. We look forward to our partnership with AutoRek. Our aim via this relationship is to achieve ever greater efficiency and controls in our operations. As both an investor and asset manager, 3i seeks to achieve its targeted returns for investors and shareholders built on rigorous and comprehensive investment procedures. Operational excellence is key to the way 3i operates.”
Commenting on the agreement, Gordon McHarg, CEO of AutoRek, said, “We are delighted to welcome a client of 3i’s calibre and importance in the alternative investments market into the AutoRek community. They are an important client for us, reinforcing AutoRek’s expertise in the field of CASS governance solutions”.
About AutoRek (www.autorek.com)
AutoRek is deployed globally, delivering a range of financial, operational and regulatory reporting control solutions. We have supported implementations in many leading organisations, and deployments have included high volume data migrations, elimination of spreadsheets and manual processing, regulatory reporting, mitigation of operational and regulatory risk, and reduction in fast close processes.
About 3i (www.3i.com)
3i is a leading international investment manager focused on mid-market Private Equity and Infrastructure. Our core investment markets are northern Europe and North America.
AutoRek Press Contact:
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