AutoRek is the go-to end-to-end reconciliation platform for some of the largest firms in the global payments sector. Our solution is specifically designed to help overcome the most complex challenges in managing reconciliations, financial data management and reporting requirements.
The benefits for you
Who can benefit?
Eliminate manual processes to reduce costs
For firms operating in the payments sector, transactional volumes and the associated data is growing year-on-year. But managing this growth with spreadsheets presents an operational inefficiency as the industry continues to expand.
AutoRek is designed to circumvent the inefficiencies of manual processes through automated data ingestion, reconciliations and preparation of payments messaging. By automating financial control processes like exceptions and break management, categorisation and ageing, your skilled staff can focus on more value-add tasks.
A complete, end-to-end solution for greater efficiency
Gain total flexibility with the AutoRek platform, which utilises and exports data in any format and from any source. It comes complete with the built-in capacity to connect via APIs, including the accommodation of ISO 20022 messaging.
Prevent lengthy scale-up processes with operational software that is built with growth in mind and capable of handling limitless transactional volumes. Your firm can also choose a deployment that suits, whether that is a SaaS or on-premise solution.
Unparalleled data control for better decision-making
Our payments solutions automate all data preparation activities and streamline breaks investigation processes into a single, convenient platform. It also allows you to manage dataflow and key activities using intelligent workflow capabilities.
Fully configurable dashboards can surface any MI or other key metrics required by your business, giving you complete control of underlying data. For peace of mind with audits, a comprehensive audit trail ensures clear visibility of all configurations and actions performed within the system.
Save time with simplified safeguarding compliance
Comply with the FCA’s new regulations for payments and e-money firms with our first-to-market safeguarding solution. It has been designed to automate all the necessary reconciliations and segregate client funds in line with regulatory requirements. Access to comprehensive safeguarding reports will also reduce the time and money spent on annual audits.
A flexible solution to support your operations
At AutoRek, we understand that no two payments organisations are the same. Our industry, regulatory and technical experts work with you to design a custom solution tailored to specific operational requirements. The flexibility of our rules-based system allows you to design custom match rules, supporting one-to-one, one-to-many and many-to-many scenarios.