Fintech company AutoRek has signed an agreement with Capgemini, making the latter AutoRek’s first professional services and technology partner.
The new collaboration will position AutoRek to better address evolving regulatory changes and reporting requirements for its clients.
Under the agreement, Capgemini will deploy its team of experts to support AutoRek’s reconciliation solutions and assist with day-to-day implementation tasks for the fintech firm’s clients.
Capgemini payment services global head Jeroen Hölscher said: “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 optimise their working capital with confidence.”
Based in Scotland, AutoRek offers a reconciliation and financial data management platform. It enhances finance operations and controls for major institutions in asset management, payments, banking, and insurance sectors.
By leveraging AutoRek’s platform, financial firms automate and streamline the collection, validation, and reconciliation of data.
AutoRek strategic partnerships head Alastair MacKenzie said: “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.”
The partnership will enable Capgemini to expand its offerings and develop a new market proposition in collaboration with AutoRek, targeting the growing need for real-time cash management and transaction reconciliation.
According to a Capgemini report, half of payment executives still manage their cash reconciliation processes manually, often relying on spreadsheets to analyse large data volumes. This approach is time-consuming, error-prone, and can lead to payment delays and discrepancies in supplier records.
The automation of money movement and liquidity reconciliation will transform these processes, said AutoRek. This will also offer enterprises greater transparency, real-time cash forecasting, improved working capital management, and enhanced market competitiveness.
