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AUTOREK – LEADING FINANCIAL CONTROLS AND REPORTING SOFTWARE

Published by Gbaf News

Posted on January 17, 2014

4 min read

· Last updated: December 3, 2018

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Introducing AutoRek Financial Controls Software

AutoRekis an award-winning global provider of financial controls software, including automated reconciliations, cash applications, and compliance products.

Locations:Headquartered in 193-197 Bath Street, Glasgow. Further offices in Edinburgh and London

Global Reach and Market Focus

Markets:Deployed globally, with particularly strong credentials within financial services

Contact information: Call +44 (0)845 603 3613 or email info@autorek.com

Key executives: Gordon McHarg (managing director), Steve Morosi (operations director), George Urquhart (technical director), Jim Muir (director)

Company History and Growth Overview

Brief history of the company:

AutoRek is a product of API Software Limited and was created in Glasgow in 1994.  Today, AutoRek’s suite of products are deployed globally and the company is responsible for installing leading reconciliation and financial controls software worldwide to tackle some of the most complex data management challenges.

Notable Clients and Industry Presence

AutoRek has a blue chip client base comprising of many leading financial services companies and some of the world’s largest corporations from a range of sectors. The company is also an implementation partner for many leading consultancies.

Certifications/licenses: Various

Key Products and Solutions Offered

Products/services offered: AutoRek offer a suite of four financial data management products:

  1. AutoRek® – core flagship product: a powerful automated reconciliations solution used extensively for intercompany reconciliations, line of business to general ledger, suspense account management, bank, settlement, custody and client money.
  1. ReKognize™ – is an assurance and attestation product. It helps ensure account ownership, drives accountability and gives instant transparency over all accounts.
  1. VanguARd™ – is an automated cash allocations tool. It takes any format of remittance advice, relates to banked amounts and automatically applies it to sales and debtors ledgers.
  1. Klear™ – is a single client management tool that enables rapid verification of identity and linkages to other client records.

Typical projects range from cost reduction and process efficiency exercises, to improving adherence to regulatory requirements. Demonstrations of the software can be requested at www.autorek.com/demo.

Link to website: www.autorek.com

 

AutoRekis an award-winning global provider of financial controls software, including automated reconciliations, cash applications, and compliance products.

Locations:Headquartered in 193-197 Bath Street, Glasgow. Further offices in Edinburgh and London

Markets:Deployed globally, with particularly strong credentials within financial services

Contact information: Call +44 (0)845 603 3613 or email info@autorek.com

Key executives: Gordon McHarg (managing director), Steve Morosi (operations director), George Urquhart (technical director), Jim Muir (director)

Brief history of the company:

AutoRek is a product of API Software Limited and was created in Glasgow in 1994.  Today, AutoRek’s suite of products are deployed globally and the company is responsible for installing leading reconciliation and financial controls software worldwide to tackle some of the most complex data management challenges.

AutoRek has a blue chip client base comprising of many leading financial services companies and some of the world’s largest corporations from a range of sectors. The company is also an implementation partner for many leading consultancies.

Certifications/licenses: Various

Products/services offered: AutoRek offer a suite of four financial data management products:

  1. AutoRek® – core flagship product: a powerful automated reconciliations solution used extensively for intercompany reconciliations, line of business to general ledger, suspense account management, bank, settlement, custody and client money.
  1. ReKognize™ – is an assurance and attestation product. It helps ensure account ownership, drives accountability and gives instant transparency over all accounts.
  1. VanguARd™ – is an automated cash allocations tool. It takes any format of remittance advice, relates to banked amounts and automatically applies it to sales and debtors ledgers.
  1. Klear™ – is a single client management tool that enables rapid verification of identity and linkages to other client records.

Typical projects range from cost reduction and process efficiency exercises, to improving adherence to regulatory requirements. Demonstrations of the software can be requested at www.autorek.com/demo.

Link to website: www.autorek.com

 

Key Takeaways

  • AutoRek delivers automated financial controls and reconciliation software with a history dating back to 1994.
  • Headquartered in Glasgow with offices in Edinburgh, London, and New York, AutoRek serves global financial services clients.
  • Their product suite includes AutoRek, ReKognize, VanguARd, and Klear for reconciliations, attestation, cash allocation, and client management.
  • AutoRek helps clients reduce manual processing by over 50%, achieve ROI in under 9 months, and supports regulatory compliance via audit-ready workflows.
  • The company has recently expanded with a North American office and is developing AI and cryptocurrency-ready reconciliation tools.

References

Frequently Asked Questions

Where is AutoRek headquartered?
AutoRek is headquartered in Glasgow, UK, with additional offices in Edinburgh, London, and New York.
What products does AutoRek offer?
They offer AutoRek for automated reconciliations, ReKognize for attestation, VanguARd for cash allocation, and Klear for client verification.
How quickly can clients expect ROI?
Clients typically achieve ROI within nine months thanks to automation reducing manual processing by 50% or more.
Which industries does AutoRek serve?
AutoRek serves financial services globally, including banking, payments, insurance, and asset management.
What recent developments has AutoRek made?
They have opened a North American office and are developing AI-driven and cryptocurrency-compatible reconciliation tools.

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