Reconciliation Software for Invoice Financing

Bank Reconciliation would be Easy - If I Only Had One Bank Account!

As a successful invoice finance company, you'll have a large number of customers and, possibly, you'll manage these customers through a local branch network. That means that you'll have hundreds or, possibly, thousands of client trust accounts to reconcile with hundreds or, possibly, thousands of client cashbook submissions or sales ledgers. Add in branch-to-head-office reconciliations and you have a daunting task - especially if you're currently using Spreadsheets or manual reconciliation methods.

AutoRek Reconciliation Software automates over 99% of the reconciliation process, shortening the reconciliation process to hours instead of the days or even weeks that manual processing can take. What's more, AutoRek is easily integrated with any existing IT systems including client data extraction systems such as OSMOTM from Credit IQ. Of course reducing reconciliation workloads and improving productivity isn't the only benefit that faster more accurate reconciliation can bring.

AutoRek can help invoice finance companies to: Minimise operational risk - identify fraudulent activity or potential bad debt more quickly Optimise cash and asset management - shortening the reconciliation lifecycle means more up-to-date information enabling you to manage your assets more efficiently Reduce the compliance burden - with a transparent audit trail, making FSA or other compliance requirements more easily achievable.

AutoRek specialise in the development and application of transaction reconciliation, debt management and business intelligence software. AutoRek?s suite of financial and business management software solutions were developed to provide companies and public sector organisations with rapid, automated solutions to key operational problems such as reconciliation and debt management. Our Business Intelligence Solution enables organisations to analyse data across the enterprise and beyond to gain a critical insight into their performance. Together, AutoRek solutions can help your organisation to gain the business agility needed to survive and thrive.

www.autorek.com