Aurum matches with GenaRec in South Africa

28 May 2009

GroupIT, the innovate data acquisition, matching and reconciliation software from Aurum Solutions Ltd, is now available in Africa and the Middle East. GenaRec has been appointed to represent Aurum Solutions in the region which includes South Africa, the Middle East and Sub-Saharan Africa. The company has been formed by a group of highly experienced individuals in the data matching and reconciliation arena who have extensive knowledge of the South African business community.

“If you have any data that needs matching and you require exceptions to be quickly identified and addressed, GroupIT is the product to use.” comments Peter Marshall, one of the founding directors of GenaRec. “Its flexibility, power and auditability are quite remarkable and it goes far beyond traditional cash to bank reconciliations. GroupIT can match and compare any textual or numeric data that is stored in a data file (including databases) and can handle positional reconciliations as easily as transactional ones. Key to the solution is the intelligence that it brings in the interpretation of input files to build intelligent data, which allows for completeness and accuracy of matching.” he continues.

Aurum Solutions, based in the United Kingdom, was formed in 2004 specifically to develop GroupIT. Aurum will be working closely with newly formed GenaRec in bringing GroupIT to this exciting new market.

“GroupIT has experienced enormous success in the UK market over the last few years” comments Helen Belcher, Managing Director of Aurum Solutions, “and we look forward to working with GenaRec in extending our client base into Africa and the Middle East.” She visited South Africa recently to provide the GenaRec team with extensive technical training and had an opportunity to present the product to a number of prospective clients. “Our existing client base includes solicitors, retailers, finance houses and a global currency exchange provider to name a few. This diversity is testament to the flexibility of the product and we are always looking for new challenges.”

GenaRec is based in Johannesburg and Pretoria. The founding members are extremely enthusiastic about the functionality that GroupIT will provide the market. “This is a world class product,” comments Marshall. “Its ease of use and straight-forward installation make it a toolset worth taking note of. Businesses in South Africa are already showing an interest and we are extremely confident that GroupIT will be seen as a valuable application in the data matching and reconciliation market.”

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