AutoRek’s software as a service platform delivers a cloud based highly secure, robust automated management and controls framework for regulatory reporting, financial controls and data management. The AutoRek cloud solution provides a comprehensive and cost-effective controls environment for companies looking to remove manual effort from financial data management and reconciliations processing without the need for complex and expensive technology.
AutoRek cloud platform allows clients to reduce cost of deployment and add immediate business value through automation of business processes. Unlike on-premise solutions there is no need to invest in installation of hardware and software or plan for backup, disaster recovery and maintenance.
Benefits of SaaS
Lower cost of entry
Reduced time to benefit / rapid prototyping
Pay as you go
Maintenance and upgrades included
Scalable on demand
Easy to use / integrate
High availability 24x7x365
Flexible data integration supports processing of data in any format from any application. AutoRek can be easily integrated with existing file formats or connect directly to source systems where required.
AutoRek posting rules provide the aggregation and disaggregation required to automate the migration of ledger accounts. Supporting reconciliations ensure integrity of all accounting records at transactional level and guarantee that all financial data is fully accounted for.
Data quality is a significant challenge for many organisations. Data cleansing rules support verification of format and content assuring the integrity of data throughout the migration process.
Sign Off Workflow
Workflows for certification and signoff of each control point support the accountability and governance of the data migration process.
Migrating to new systems often requires translation of important reference fields such as product codes, customer types, currency codes etc. AutoRek provides reference data lookup rules supporting fully automated resolution of any discrepancies.
Comprehensive auditing provides traceability of all actions throughout the migration process.
Exceptions are immediately highlighted and escalated to users. Analytics provide high level root cause analysis with drilldown to individual exception management workflows.