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The Bank of England select AutoRek’s automated reconciliation and data management solution

Posted: 15/02/2020 | Read time: 2 minutes



AutoRek are delighted to announce the latest addition to our growing list of clients is The Bank of England.

Following a competitive tender the Bank selected AutoRek to automate their reconciliation processes and achieve increased efficiencies. The two-phase project will work across both Finance and Operations and provide a centralised platform for their daily and monthly reconciliation tasks.

The key business benefits of AutoRek include:
• Enhanced control
• Accurate matching at transaction level mitigating risks
• Better insights into processes
• Best in class automation tools
• User configured dashboards

Gordon McHarg, Managing Director at AutoRek added “It is a testament to the whole AutoRek team that we have been able to successfully engage with an institution such as the Bank of England. As we enter our 25th year of operations we have and continue to work with a broad range of leading Insurance, Investment Management and Banking organisations. I look forward to AutoRek delivering value and efficiencies for the Bank as we move into the implementation phase.”