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Wincor Nixdorf selects AutoRek to provide reconciliation services

Wincor Nixdorf, a leading retail and banking IT solutions provider, has selected AutoRek to provide reconciliation services for a new contract it has secured with a major retail bank. Under the terms of this contract, AutoRek will complement Wincor Nixdorf’s comprehensive IT solutions by providing a system that reconciles the bank’s ATM network cash as it moves through the cash cycle from the initial order, to delivery to the ATM and cash being re-banked. AutoRek will also be responsible for providing a general ledger each day to support the bank’s accounting processes.

Wincor Nixdorf recognised the need to partner with a specialist to deliver the reconciliation services required under the terms of the contract and went out to tender to assess potential solutions. A number of companies entered a proof of concept phase to demonstrate their capabilities before AutoRek was selected thanks to its experience, its ability to facilitate a controlled and audited environment and its understanding of the customer’s needs.

Paul Fisher, Managing Director, Services at Wincor Nixdorf said, “We are delighted to be working with AutoRek and believe that its solution is the best-fit for this particular contract ensuring that we can deliver with confidence. What’s more, by partnering with AutoRek we are further strengthening our end-to-end IT solutions for retail banks, showing the market that we have the knowledge and expertise to provide a highly desirable reconciliation solution as part of our wider portfolio.”

Gordon McHarg, Managing Director at AutoRek added, “Wincor Nixdorf is an industry leader in IT solutions for retail banks and we are pleased that we have been selected to work with the team on this particular contract. We know that we have the people, the solution and the knowledge to deliver above and beyond expectations and are confident that this is the start of a long and prosperous partnership that will hopefully lead to future business opportunities.”