Automated Reconciliation Software Ensures Compliance by Removing Manual Errors
Aurum allows you to automate admits complexity, scale with confidence, gain insight from ambiguity, and be compliant without compromise.
600 Off-the-shelf Integrations
Integrity Checks On All Sources
Absorb Information In Any Format
AUTOMATIC RECONCILIATION, TOTAL CONFIDENCE
Built for Finance Teams
Who Can’t Afford Mistakes
Compliance Without Compromise
A complete, immutable audit trail assures data integrity, while pre-configured compliance reports will secure compliance with any authority in any jurisdiction.
Automate Amidst
Complexity
Any reconciliation, any PSP, any file format - one Aurum platform.
Scale With
Confidence
Beyond technology, Aurum’s delivery experts bring deep sector expertise to create a precision - engineered solution to each client's situation.
Clarity From
Ambiguity
Transform financial data into actionable insights, enabling Finance teams to improve certainty around decision - making.
Integrate Everything
Integrate all your payment systems in one place
600 off-the-shelf
integrations
We’ll retrieve data from more of your service providers - POS (point of sale systems), PSPs (payment service providers), banks, ERPs (Enterprise resource planning), or accounting systems.
Integrity checks on All Data Sources
Know that all sources are complete and in one format, or you will be alerted to errors, disconnects, or missing data. The data is entered into an immutable audit trail to track all interventions.
Daily
Reconciliations
Reconcile millions of daily transactions with industry-leading matching rates across many data sources via APIs or SFTP and trigger pre-defined workflows to collaborate with any department.
Aurum vs The Rest
There is a reason why finance teams are switching to Aurum
Feature / Benefit
Aurum Solutions
Legacy Systems
Manual / Excel
End-to-end automation
Partially
Scalable for high-volume data
Limited
Real-time reporting & dashboards
Delayed
Dedicated customer support
Generic
Fast implementation
Lightning fast
Slow
Long-term cost efficiency
Questionable
Compliance & audit trail
Partially
Challenge
Aurum Solutions
Legacy Systems
Manual Effort and Human Error
Employees spend hourstrying to sort out all thequirky little differences tobalance thebooks.
Standardise the import of transaction data from all your service providers and automatically match them with your ledger.
Data Inconsistencies and Integration Gaps
Manually adapt to the variation in settlement cycles, which increases complexity and the risk of discrepancies from timing mismatches.
Set up and maintain rules to create acceptable tolerances to timingmismatches.
Timeliness and Delays
Waiting for data availability, which extends settlement delays, especially when dealing with multiple currencies or payment methods.
Use off-the-shelf integrations to extract the information as soon as it becomes available, so closing time is equally quick, despite additional currencies or payment methods.
Exception Handling and Cross-Department Coordination
Manually adapt to the variation in settlement cycles, which increases complexity and the risk of discrepancies from timing mismatches.
Pre-defined workflows are triggered upon identifying an exception, and collaboration is built in. An audit trail captures all interventions.
Compliance and Safeguarding Challenges
Manually adapt to the variation in settlement cycles, which increases complexity and the risk of discrepancies from timing mismatches.
An immutable, complete, clean, auditable trail with pre-configured compliance reports is sufficient to secure compliance with any authority in any jurisdiction.
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CUT COSTS. GAIN CERTAINTY. SECURE COMPLIANCE
Trusted by Finance Teams Across Regulated Industries
reduction in time spent on reconciliation
With transactions increasing to over 10,000 a day, manual reconciliation was no longer an option if Campeón Gaming wanted to retain their Maltese Gambling Authority licence.
days less spent on closing month-end
Growing the Glitnor Group through mergers and acquisitions meant more transactions, exposure to new regional regulations, and a need for proven automated reconciliation.
hours saved per day on reconciliation
To meet FCA CASS safeguarding regulations whilst keeping their overhead costs low, FOREX firm, DOO Clearing adopted the regulator's preferred choice - automation - and they did so with Aurum.
Step By step
Fix all of your reconciliation headaches with 4 easy steps
1
Connect Data Sources
Plug in your ERPs (Enterprise Resources Planning tools), bank feeds, PSPs (Payment ServiceProviders), platforms (used to run your service), and accounting systems with 600 off-the-shelf integrations with an Aurum team—no devs needed.
2
Define the Matching Rules
Manage all reconciliations in one system,match all expected transactions automatically andflag exceptions instantly.
3
Review & Approve with Confidence
Trigger pre-defined workflows to collaborate with any department.
4
Repeat
Create custom dashboards to check the process and manage your business. Publish audittrails and pre-configured compliance reports with a click to always be compliant.
1
Connect data sources
Record what you do, how you do it, what the process depends on, and what depends on it. Our Reconciliation Experts have decades of experience capturing these requirements for clients.
2
Choose the type of reconciliation
Choose if you are going to develop a mission critical system capable of managing all your transactions, recording all actions, and creating a perfect audit trail. Or choose an off the shelf tool adaptable enough to support your process.
3
Process transactions
Set up the tool to support your systems and provide 100% accurate results. With Aurum there are no software licence fees during this setup period.
4
Repeat
Hand the keys over. Let Aurum do the heavy lifting, be confident you’re fully compliant.
Automatic Reconciliation, Total Confidence
Reconciliation isn’t glamorous, but it is mission-critical. Aurum is a powerful, robust, versatile reconciliation tool that provides:
Aurum has been built to the standards required by regulators for the most demanding of requirements - millions of transactions, many PSPs, multi-currency, daily reconciliations, and much more.