Case Study: Centtrip reduces month-end reporting time by 75% with Aurum Solutions

Centtrip cuts month-end reporting time by 75% with Aurum Solutions

Centtrip, an award-winning fintech processing over £1 billion in transactions annually, needed a robust reconciliation tool to handle its multi-currency operations and prepare for significant growth. Their challenge was to avoid a highly manual month-end reporting process that would be unsustainable and leave no time for analysis. Centtrip's COO, Jim Warner, turned to Aurum Solutions and its Automated Reconciliation Software based on his prior positive experience.

Aurum Solutions implemented a tailored reconciliation system that automated processes across multiple banking providers and ledgers. The solution provided pre-programmed matching rules for accuracy and created a full, auditable trail for FCA compliance, particularly for CASS safeguarding. As a result, Aurum reduced Centtrip's month-end reporting time by 75%, from four days to less than one, and enabled team members without finance backgrounds to run daily reconciliations.

Centtrip