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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 Ascent AutoRecon?

Reduce excess funds through fully transparent software that offers insightful clarity regarding your financial assets, allowing for more educated decision-making. Mitigate operational risks by utilizing accurate, real-time reconciliations along with extensive statistical analysis. Our unique architectural frameworks allow for the reconciliation of millions of records swiftly and efficiently. The system is designed to optimally utilize resources, featuring a highly scalable and cluster-capable engine that can adapt to various requirements. It is simple to deploy and can be tailored to fit the needs of different organizations. Automate the extraction of data from an array of sources, such as bank files, credit card processors, and Point of Sale systems, creating a solid, error-free environment that emphasizes user satisfaction. Furthermore, improve managerial effectiveness with robust security protocols and easy access controls while also enhancing the overall flow of business operations, ensuring that organizations can function smoothly and effectively. This comprehensive approach not only streamlines processes but also strengthens financial oversight.

Media

Media

Integrations Supported

Clickbase BI
Microsoft Power BI

Integrations Supported

Clickbase BI
Microsoft Power BI

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Aurum

Date Founded

2004

Company Location

United Kingdom

Company Website

aurum.solutions/

Company Facts

Organization Name

Ascent

Date Founded

2013

Company Location

United Arab Emirates

Company Website

www.ascentbusiness.com/bank-reconciliation/

Categories and Features

Categories and Features

Accounting

Accounts Payable
Accounts Receivable
Bank Reconciliation
Billing & Invoicing
CPA Firms
Cash Management
Cryptocurrency Support
Expense Tracking
Fixed Asset Management
Fund Accounting
General Ledger
Government
Multi-Currency
Nonprofits
Payroll Management
Project Accounting
Purchase Orders
Tax Management

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