AutoRek offers data management solutions that allow insurance firms to fulfil their financial, operational, risk control and reporting obligations. Agile to ever-changing operational and regulatory requirements.
In addition to our standard features and benefits, AutoRek delivers:
-Broker accounting, subledgers, cash allocation and statements
-Automation of premium and claim reconciliations
-Automation of commission and DAC calculations
-Production of ledger postings
AutoRek is a global provider of financial controls, data management and regulatory reporting software.
Implemented in many of the world’s largest organisations, our range of deployments vary from high volume data migrations, elimination of manual processes and spreadsheets, regulatory reporting, reduction in fast close processes, to mitigation of operational and regulatory risk.
Key business benefits from implementing AutoRek include:
• Mitigating risk of regulatory breaches;
• Real time insight into status and exposure;
• Reduced dependency on manual processing;
• Single repository for control frameworks and data management;
• Automated workflow for governance and audit;
• Efficient electronic sign off and record retention; and
• Adaptability to meet new regulatory requirements.
Our solutions are purpose-built to improve the quality and efficiency of financial data management, from cost reduction and process efficiency projects, to improving adherence to regulatory reporting requirements.