CoSupport AI
What is AutoRek?
AutoRek is a comprehensive platform designed to automate financial reconciliations and streamline data management for organizations in the finance sector. Established industry-wide for over three decades, the solution empowers financial institutions to replace manual spreadsheet-based processes with powerful, end-to-end automation.
The platform is built to handle complex regulatory requirements, support efficient reporting, and ensure robust financial controls. AutoRek’s scalability makes it suitable for dynamic enterprise growth, allowing businesses to manage large volumes of data accurately and remain compliant in a rapidly changing regulatory landscape.
Features
- Automated Reconciliation: Full automation of financial reconciliations for various financial operations
- Regulatory Reporting: Support for compliance with complex regulations including CASS and MiFID II
- Scalable Platform: Adaptable to growth and increasing data volumes in enterprise environments
- Comprehensive Financial Controls: Enables accuracy and control throughout financial workflows
- Data Migration Capabilities: Facilitates seamless transitions of financial data
- Robust Matching Engine: Delivers unparalleled data matching accuracy
- Operational Efficiency: Automates manual processes to save time and reduce errors
Use Cases
- Automating daily financial reconciliation processes
- Ensuring compliance with industry regulations such as CASS and MiFID II
- Streamlining regulatory and post-trade reporting
- Migrating data during business transformations or system upgrades
- Improving oversight and control in payments operations
- Supporting insurance and asset management accounting requirements
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