A US-based financial risk management division, overseeing $170 billion in assets, struggled with the manual reconciliation of complex financial instruments. Facing data from 16 different counterparties in varied formats, the manual process was labour-intensive and error-prone. They required an automated system to improve operational integrity and handle high trading volumes without increasing headcount.
AutoRek implemented a flexible, automated solution for daily and monthly position and activity reconciliations. The platform’s no-code environment allowed the team to adapt to emerging requirements while centralizing data through customizable dashboards.
- 75% Time Savings: Drastically reduced the time spent on manual data entry and validation.
- Rapid ROI: Achieved a full return on investment within just six months of implementation.
- Increased Capacity: Exponentially grew operational capacity to manage high-volume trading.
- Enhanced Accuracy: Eliminated reliance on spreadsheets, allowing the team to focus on high-value investigation.