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GET https://www.autorek.com/

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Text Content

 * Solutions
   * Back
   * Solutions
   * Automated Reconciliations
   * CASS Compliance
   * Payment and e-Money Safeguarding
   * ATM Reconciliations
   * Financial Controls
   * Account Sign-Off and Attestation
   * Regulatory Reporting
   * MiFID II Post-Trade Reporting
   * IFRS 17
   * Data Migration
 * Products
   * Back
   * Products
   * AutoRek
   * ReKognize
   * VanguARd
   * CASS
 * Customers
   * Back
   * Customers
   * Sectors
   * Asset Management
   * Insurance
   * Payments
   * Banking
   * — Separator —
   * Case Studies
   * eToro
   * Freetrade
   * Fluro
   * — Seperator —
   * Customer Success
 * Insights
 * About
   * Back
   * About
   * Team
   * What We Do
   * Corporate Social Responsibility
   * Contact Us
 * Careers


 * Solutions
   * Automated Reconciliations
   * CASS Compliance
   * Payment and e-Money Safeguarding
   * ATM Reconciliations
   * Financial Controls
   * Account Sign-Off and Attestation
   * Regulatory Reporting
   * MiFID II Post-Trade Reporting
   * IFRS 17
   * Data Migration
 * Products
   * AutoRek
   * ReKognize
   * VanguARd
   * CASS
 * Customers
   * Sectors
   * Asset Management
   * Insurance
   * Payments
   * Banking
   * — Separator —
   * Case Studies
   * eToro
   * Freetrade
   * Fluro
   * — Seperator —
   * Customer Success
 * Insights
 * About
   * Team
   * What We Do
   * Corporate Social Responsibility
   * Contact Us
 * Careers


Demo

News


THE ARDONAGH GROUP SELECTS AUTOREK TO DRIVE EFFICIENCY

AutoRek, a leading software provider to global financial services firms, is
excited to have The Ardonagh Group join as their latest client.

The Ardonagh Group is the UK’s largest independent insurance distribution
platform and a top 20 broker globally, placing $13 billion of premiums across
the group and within its networks on behalf of clients across the full spectrum
of insurance risks. The group currently employs a global workforce of
approximately 10,000 people across more than 150 locations around the world.

Across the portfolio, Ardonagh offers a highly diversified range of
insurance-related products and services across the full insurance value chain in
the UK, Ireland and broader international markets. From complex multinational
corporations to individuals purchasing personal insurance policies, Ardonagh
works with insurer partners to deliver a broad range of product and risk
solutions that meet customer needs.

AutoRek has been selected by The Ardonagh Group as they are looking to drive
efficiency in key back and middle office Insurance Broker Accounting (IBA)
processes using intelligent automation technology.

The initial scope for AutoRek is to support two key areas of the IBA operations
within the group. The solution will automate the insurer statement
reconciliation process. This involves loading 2500+ statements monthly, which
are made up of over 400 different formats from Excel, CSV, PDF and Word. The
information contained on statements will be reconciled against two key Policy
Administration Systems (PAS), Acturis and OpenGI, where client and policy data
is stored and maintained. AutoRek will then feed the output of reconciliations
through the Ardonagh PAS systems so results can be posted back into systems and
updated in records.

The solution will also be deployed within the Cash Posting and Allocation (CPA)
team. AutoRek will perform several reconciliations in this department, including
matching cash payments from banks, card transactions and premium credit against
records held in the Ardonagh Acturis and OpenGI PAS systems. The output of these
reconciliations will then be loaded back into the PAS systems and allocated out
on a policy level, updating the systems.

Ardonagh has selected a SaaS deployment model and will be using the latest
AutoRek V6.4.

Gordon McHarg, CEO at AutoRek, added, “It is a huge success for AutoRek to have
the calibre of a client such as The Ardonagh Group come on board. We see
potential to work together over the coming years on many different projects.”

Piers Williams, Insurance Lead at AutoRek, added, “We are delighted to be
working with The Ardonagh Group and helping the business achieve its objectives
in the coming years. AutoRek continues to grow its insurance presence quickly,
and it is great to see that our No Code intelligent automation solution
continues to improve back and middle office financial operations processes while
increasing operational efficiency.”

Paula Jones, Head of IREC at Ardonagh Advisory, added, “The IREC solution and
build with AutoRek will revolutionise the end-to-end process within The Ardonagh
Group. Enabling our fast-growing business through organic growth and the
targeted acquisition plans to integrate the key finance operations smoothly and
efficiently”.

Bari Irving-Philips, Head of IBA and Client Money at Ardonagh Advisory, added,
“It is an exciting time for The Ardonagh Group to be working with AutoRek. The
AutoRek platform and No Code technology will enable the Client Money function to
work smarter and more intelligently; further enhancing the contribution that the
function brings to the Group and our Clients & Insurers.”

   
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FURTHER READING

News February 21, 2023

UK FINTECH AUTOREK REBRANDS AS IT PLANS GLOBAL EXPANSION

Read more
Events February 21, 2023

FINOVATE EUROPE 2023

Read more
Events February 20, 2023

ON-DEMAND WEBINAR: PAYMENTS INDUSTRY OUTLOOK 2023: STRATEGIC PRIORITIES,
OPERATIONS, REGULATION AND DATA

Read more
 * Connect
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 * About
   * Team
   * What We Do
   * Corporate Social Responsibility
   * Contact Us
   * Privacy Policy
 * Careers


2023 AutoRek. Registered in Scotland No 154934. Registered office: The Garment
Factory, 10 Montrose Street, Glasgow, G1 1RE

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