Case Study: AvaTrade saves €1 million and cuts reconciliation time by 70% with Aurum Solutions

AvaTrade cuts reconciliation time by 70% with Aurum Solutions

AvaTrade, an award-winning online broker, faced a significant challenge in manually reconciling its vast number of financial accounts across multiple global entities. The process was time-consuming, taking six to seven hours daily, and placed a heavy burden on resources while requiring stringent compliance. To solve this, AvaTrade partnered with Aurum Solutions to implement its Automated Reconciliation Software and Journal Entry Automation.

By implementing Aurum's solution, AvaTrade automated its reconciliation processes, gaining transaction-level visibility and automated journal posting. This resulted in a 70% reduction in reconciliation time and saved an estimated €1 million. Aurum Solutions provided a scalable foundation for growth, increased job satisfaction for the team, and strengthened compliance confidence.

AvaTrade