Case Study: Fexco Property Services saves time and improves reconciliation accuracy with Aurum Solutions

Fexco Property Services cuts general account reconciliation time by 87% with Aurum Solutions

Fexco Property Services, a mid-size real estate company, faced the challenge of manually reconciling thousands of transactions daily across more than 5,000 bank accounts for its 10 regional offices. Seeking to save time and improve accuracy, they turned to vendor Aurum Solutions and its automated reconciliation software to centralize and streamline their treasury operations.

Aurum Solutions implemented its adaptable platform, which was customized to meet Fexco's unique property-by-property reconciliation requirements. The solution delivered significant results, including an 87% reduction in the time spent on general account reconciliation—cutting the process from half a day to just 30 minutes. Aurum also enabled daily reconciliations of smaller accounts, ensuring issues are resolved within 24 hours and providing Fexco with a scalable, automated process.

Fexco Property Services