AutoRek is a global provider of financial controls, data management and regulatory reporting software. Our suite of solutions include:
- Compliance and regulatory reporting solutions, including CASS and MiFID II Transaction Reporting;
- Financial control frameworks;
- Balance sheet certification/account attestation;
- High-volume data migration; and
- Automated cash allocation.
Key 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.
AutoRek is a product of API Software Limited, which was created in 1994 as an information and data management consultancy. Based in Glasgow, we were Scotland’s first Microsoft Gold Certified Partner for Business Intelligence Services and remain a Gold Certified Partner today.
The first deployment of AutoRek took place in 1998 to handle privatisation and de-mutualisation activity for a number of stockbrokers supporting large share sales. We discovered that existing reconciliation and control processes simply could not cope with the volumes, short timescales and accuracy demands being placed upon them.
Today, AutoRek is deployed globally and remains headquartered in Glasgow with offices in Edinburgh, London and New York. The dedicated team of experts possess extensive experience in finance, regulation and technology, and have supported implementations in many leading organisations.
Return on investment is typically achieved within 9 months, with speed to implementation a key feature as we work with your existing data. Solutions are scalable to support business growth in a well-controlled and automated environment.
AutoRek has recently completed a significant growth equity investment from Scottish Equity Partners (SEP). AutoRek’s cloud-based software as a service (SaaS) platform has experienced significant growth in the past three years and investment from SEP will enable the company to accelerate its product development plans and further extend its offering internationally.
The drive for greater integrity, transparency and accountability within the financial services sector has led to increased regulation of financial institutions and growing demand for AutoRek’s financial control and regulatory reporting solutions. AutoRek’s software automates high-volume reconciliation, exception management and data analysis workflows, delivering operational efficiency and improved governance of financial and regulatory risk. Partnering with SEP will support the company to further enhance its proposition to address a $2 billion plus per annum global regulatory and data management software market.
Gordon McHarg, CEO
Gordon co-founded AutoRek in 1994 and has served as Managing Director since 1998. Gordon has guided the company from its early days as a bespoke software development services provider through to its current position as a leading provider of enterprise financial controls and reconciliation solutions to the global financial service sector.
His client experience is extensive and includes international work for IBM in the US, Renaissance Capital in Russia and several global clients including Barclays, JP Morgan and BUPA. He studied Computing Science at West of Scotland University, graduating in 1989.
Hugh Burden, Head of Sales
Hugh has spent 20 years working across both public and private sector organisations. In 2003 he moved to London and Financial Services to help a wide variety of firms evaluate and execute their strategic opportunities. Prior joining AutoRek he worked as a Director with the KPMG Financial Services practice in London where he consulted with leading Financial Institutions on their operational and regulatory options.
Hugh joined AutoRek in January 2016 to head up the Banking Sector where he works with AutoRek’s clients including leading retail banks, the challenger sector and crowdfunding platforms. His day job involves close contact with IT, Operations & Finance professionals identifying how AutoRek’s Financial Data Control Solution can provide them transparent reliable information that allows them to manage their business most effectively.
Lyn Canavan, Head of Marketing
Lyn joined AutoRek in 2011 after achieving a Bachelor of Arts Honours Marketing Degree from the University of Strathclyde. Lyn has a good knowledge of the functions within the marketing team, as well as AutoRek’s propositions, target audience and the Financial Services sector.
In 2017 Lyn was appointed as Head of Marketing at AutoRek and is currently responsible for the development, implementation and analysis of the marketing strategy in line with the company objectives. Lyn’s greatest strengths are creativity, leadership and enthusiasm.
Fiona Millar, Head of Corporate Services
Fiona joined AutoRek in 2008 as Senior Administrator supporting all functions in the business with a focus on project reporting and finance. This put Fiona in a unique position of understanding how all the business functions operated and linked together. Her knowledge and understanding of how the business operates still plays a vital role and she is now responsible for multiple functions including HR, Finance, Project Support and Business Support.
Fiona is involved in delivering a number of key strategies for the business, particularly around engagement and people development. Prior to AutoRek, Fiona had a varied background including being a Management Trainee at Glasgow Airport for BAA and studying to be a Fashion Designer.
Kemal Sangrar, Head of Product Development
Kemal joined AutoRek (then known as API Software Limited) in 2003 and became Head of Product Development at AutoRek in 2008. He has overseen the development of AutoRek from a simple windows application, first to an n-tier web-based platform, and now into the cloud with a full SaaS offering.
Before joining AutoRek, he was MIS Manager in TelesensKSCL, developing web-based Management Information Systems for the company. Having started programming more than 35 years ago, Kemal has lost none of his enthusiasm for development, and continues to write software whenever he gets the chance.
Steven Carlin, Head of Delivery
Steve joined AutoRek in 2015 and is responsible for leading the professional services and cloud delivery elements of the business. Steve provides a strong technical background with over 15 years of experience in data orientated roles across Finance, Healthcare and Transport sectors. Steve also has a wealth of expertise in Agile methodologies, a passion for team development and a commitment to effective project delivery.