AutoRek
AutoRek is an award-winning global provider of financial controls and reporting software.
Authors of the world leading reconciliation solution (called AutoRek®), our suite of solutions also incorporate a range of products to help companies perfect their financial controls landscape, including:
• Compliance and regulatory reporting solutions (e.g. Client Money and FATCA)
• Automated cash allocations
• High-volume data migration
• Balance sheet certification/account attestation
• Improving financial close processes
Our solutions are purpose-built to improve the quality and efficiency of financial data management, from cost reduction and process efficiency projects, to improving adherence to regulatory reporting requirements.
Read more at http://www.autorek.com
All content by AutoRek
Unlocking FATCA and CRS
At the end of October 2014, the UK and 50 other countries from the Organisation for Economic Co-operation and Development (OECD) signed up to the Common Reporting Standard (CRS). Governments have committed to implement automatic exchange of tax information in 2017. CRS: A Game-Changer CRS is…
PS14/9 custody assets & client money: 1 December 2014 and beyond
Following the publication on 10 June 2014 by the Financial Conduct Authority (FCA) of policy statement 14/9 (PS14/9), the second stage of the client assets (CASS) rules will come into force on 1 December 2014.Many of the rules from 1 December 2014 have a 6 month transition period for existing…
The Basel Committee’s BCBS239 principles: A Single Source of Truth
Banks need to anticipate problems and need a single source of truth to do so.Data aggregation is a well-known and well understood challenge in the banking industry. The investment to improve IT infrastructure, data integrity and completeness, together with reporting capabilities can be vast.