AutoRek, the financial data management company, today announces that its inter/intra company reconciliation tool has won the Best New Initiative in the Finance category of the Global Informa Awards. This award recognises the invaluable work that AutoRek’s reconciliation tool has had in solving issues with Informa’s inter-company processes and reconciliations.

Alistair Goodall, Head of Applications & Infrastructure Support at Informa Shared Services commented:
“We have over 470 companies with outstanding balances with each other and - like many big companies - the month end processes were taking too much time. We picked AutoRek’s reconciliation tool because it had great flexibility and because the AutoRek team demonstrated a great deal of knowledge of the complicated issue of intercompany reconciliation. The award speaks for the big difference the tool has made for us.”

Jim Muir, Director, AutoRek, commented:
“We are delighted to have won this award. The reconciliation tool requires little work to implement and greatly speeds up the process of pulling out balance sheets and matching data, from multiple sources. We have shown by working with Informa that our tool is able to generate great savings for the Shared Service centre’s teams in both the time needed to request balances as well as the direct impact on financial control and the risks associated with intercompany accounts.”