AutoRek Announces Strategic Collaboration With Capgemini to Help Drive Its Ambitious Growth in Financial Services
September 18 2024 - 1:30AM
Business Wire
AutoRek and Capgemini have signed a new agreement that will
see Capgemini become AutoRek’s first strategic professional
services and technology partner. This will empower AutoRek to be at
the forefront of regulatory changes and reporting requirements for
clients. Through this agreement, Capgemini will mobilize its team
of experts on AutoRek’s reconciliation solution and guide AutoRek’s
clients with day-to-day support of implementations.
AutoRek is a Glasgow-based fintech company with an award-winning
reconciliation and financial data management platform which
strengthens the finance operations and controls for some of the
largest institutions across asset management, payments, banking and
insurance sectors. Through combined industry expertise, Capgemini
will enrich its portfolio with a new go-to-market proposition
alongside AutoRek to address the increasing market need for
real-time cash management and transaction reconciliation.
Alastair MacKenzie, Head of Strategic Partnerships at AutoRek
comments: “AutoRek is on a mission to set the benchmark in trust
for finance operations and controls. At the heart of our
partnership with Capgemini is a shared vision for modern finance
data platforms delivering a step change in efficiency and accuracy.
This exciting new collaboration will enable us to provide our
clients with complementary consulting and advisory services, and
quickly expand our international presence. We are delighted to be
working closely with like-minded experts, dedicated to the needs of
financial services.”
“Companies are under immense pressure to free up cash from their
operations. AutoRek’s innovative reconciliation solution is trusted
by some of the world’s leading banks and insurers to efficiently
optimize their working capital with confidence. We are proud to be
supporting AutoRek to build upon its success and extend its growth
internationally,” said Jeroen H�lscher, Global Head of Payment
Services at Capgemini.
A report by Capgemini indicates half of payment executives
handle their cash reconciliation process manually. A common
approach sees large volumes of data analyzed through spreadsheets
taking significant effort and time, and being prone to error,
potentially causing payment delays and supplier record
discrepancies. Without consistent and reliable data tracking of
spend, teams can encounter obstacles that impede efficient cash
flow management and identification of areas for improvement,
creating roadblocks that ultimately lead to poor payment
reconciliation. The intelligent automation of money movement and
liquidity reconciliation can revolutionize the process giving
enterprises the transparency they need with real-time cash
forecasting, increasing the value of their working capital, and
driving their competitiveness in the marketplace.
About Capgemini
Capgemini is a global business and technology transformation
partner, helping organizations to accelerate their dual transition
to a digital and sustainable world, while creating tangible impact
for enterprises and society. It is a responsible and diverse group
of 340,000 team members in more than 50 countries. With its strong
over 55-year heritage, Capgemini is trusted by its clients to
unlock the value of technology to address the entire breadth of
their business needs. It delivers end-to-end services and solutions
leveraging strengths from strategy and design to engineering, all
fueled by its market leading capabilities in AI, cloud and data,
combined with its deep industry expertise and partner ecosystem.
The Group reported 2023 global revenues of €22.5 billion.
Get the Future You Want | www.capgemini.com
About AutoRek
AutoRek is a leading software provider to companies in the
global financial services sector.
An industry leader at the forefront of financial data
management, AutoRek’s customizable rules driven platform allows
firms to automate and streamline the collection, validation, and
reconciliation of data. This facilitates the necessary transparency
to fulfill regulatory obligations and ensure good governance.
Efficiency and cost reduction are delivered by eliminating
spreadsheets and manual processing, as well as mitigating
operational and regulatory risk associated with managing high
volumes of data.
Its clients span the asset management, banking, payments, and
insurance sectors and include retail, investment, and commercial
banks. Wealth managers, brokers, market makers, hedge funds, CFD
& FOREX brokers, and asset managers. Insurance underwriters,
general insurers, and brokers.
Headquartered in Glasgow, with offices in Edinburgh, London and
New York, the firm has over 165 employees, with extensive
experience in finance, regulation, and technology.
Corporate social responsibility is at the heart of AutoRek’s
ethos, and it is involved in a number of initiatives to reduce
waste, help local communities and create a positive work
environment for its employees.
www.autorek.com
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version on businesswire.com: https://www.businesswire.com/news/home/20240917734459/en/
Capgemini Press contact: Fahd Pasha Tel.: +1 647 860 3777
E-mail: Fahd.Pasha@capgemini.com
AutoRek Press contact: Berkeley Communications (on behalf
of AutoRek) Tel.: +44 (0)1189 090 909 E-mail:
autorek_uk@berkeleypr.com