AutoRek, a provider of enterprise financial controls and reconciliation automation software, has been chosen by two major UK digital investment platforms to replace manual reconciliation work as rising volumes test their operating models.

Between them, the two platforms have over 3.3 million customers and look after in excess of £140bn in client and platform assets. The scale of these numbers points to the mounting operational strain digital investment providers face as more investors join and trading activity climbs.

Growth brings its own difficulties for these firms. They must process intricate data flows and large numbers of transactions without losing accuracy in their records, weakening their controls or sacrificing efficiency. Reconciliation carried out by hand can slow operations down and often forces firms to hire substantially more staff simply to keep pace with expansion.

AutoRek’s platform automates reconciliation, exception handling and financial controls for financial services firms. At its core sits AutoRek ARIA, the company’s intelligence engine for financial control, which suggests probable matches, explains irregularities and helps teams decide which issues to investigate first. The approach cuts repetitive manual work, while people remain responsible for judgement, review and sign-off throughout the reconciliation process.

The deals signal a wider change across the UK digital investment market, as platforms prioritise operating models that can grow and withstand disruption. AutoRek supplies automated matching, break management and adjustable financial controls built to cope as transaction numbers and operational complexity rise.

The agreements extend AutoRek’s footprint in financial services, where the firm already helps organisations automate essential reconciliation and control processes.

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