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What is Aurum?

Aurum Solutions delivers a cloud-based, automated financial reconciliation platform designed to enhance reconciliation processes, enabling finance teams to quickly match a vast number of transactions in just seconds each day. The system consolidates data from a wide array of sources, such as ERPs, banks, payment service providers, and accounting systems, utilizing hundreds of available connections to eliminate the need for manual matching and lessen dependence on error-prone macros. Users can establish customized matching rules, automate the scheduling of reconciliations at their convenience, and manage exceptions while ensuring thorough audit trails that capture every action for compliance and reporting. Additionally, the platform offers visual dashboards and adaptable reports that equip finance leaders with immediate and clear insights into cash positions, discrepancies, and performance metrics. It also supports multi-currency transactions and addresses specific industry requirements, including reconciliations for banks, PSPs, client money, and journal entries, all while seamlessly linking diverse data sources via APIs or SFTP. Consequently, finance teams are able to significantly reduce the time dedicated to data preparation, empowering them to concentrate on more strategic initiatives. This all-encompassing approach to financial reconciliation not only boosts efficiency but also fosters better-informed decision-making throughout organizations, ultimately driving growth and operational excellence.

What is Accountflow?

Accountflow is an all-in-one platform designed for the reconciliation of financial statements, effectively consolidating accounting tasks into a singular, user-friendly interface. This innovative solution seamlessly integrates with leading banks, ERP systems, and various financial platforms, empowering accountants to easily access accurate data, identify discrepancies, document their processes, and manage multiple businesses from one central hub. By utilizing automated templates for essential functions such as bank reconciliation, payroll, VAT, general ledger, fixed assets, and accruals, teams can significantly reduce manual workloads while boosting data accuracy and oversight during close periods. Financial transactions from banks can be retrieved and reconciled automatically, VAT discrepancies can be thoroughly examined, and general ledger entries can be diligently tracked, complete with supporting documentation and annotations for enhanced clarity. The fixed asset management tools facilitate the organization of categories, registers, transactions, valuation assessments, and depreciation calculations, while the accrual workflows provide valuable insights into prepaid income and expenses, ensuring they are reconciled without manual effort. Furthermore, the platform's intuitive design and extensive capabilities greatly enhance collaboration among team members, fostering a more streamlined and efficient financial process overall, which can lead to improved decision-making and strategic planning for businesses.

Media

Media

Integrations Supported

Clickbase BI
Microsoft Power BI

Integrations Supported

Finago Procountor
PowerOffice
Tripletex
Visma Nova
Xledger

API Availability

Has API

API Availability

Pricing Information

Pricing not provided

Pricing Information

Pricing not provided

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Web-Based Support

Customer Service / Support

Web-Based Support

Training Options

Documentation Hub
Online Training

Training Options

Documentation Hub
Online Training

Company Facts

Organization Name

Aurum

Date Founded

2004

Company Location

United Kingdom

Company Website

aurum.solutions/

Company Facts

Organization Name

Accountflow

Date Founded

2018

Company Location

Norway

Company Website

www.accountflow.no/

Categories and Features

Reconciliation

Not specified

Categories and Features

Reconciliation

Not specified

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