Case Study: Octopus Investments improves reconciliation efficiency with Aurum Solutions

Octopus Investments saves 4 hours daily with Aurum Solutions

Octopus Investments, a UK-based fund manager, faced significant challenges with its manual reconciliation processes for client money and assets. The team of six spent excessive time reconciling data from multiple sources and formats, which was a daily priority that hindered other activities. Seeking a solution, they turned to Aurum Solutions and its Automated Reconciliation Software to automate this vital financial process.

Aurum Solutions implemented a customizable platform that automated three-way reconciliations across Octopus's portfolio system, banks, and brokers. This provided precise cash positions and real-time reporting. The solution saved the team four hours daily, allowing them to complete all reconciliations before midday. Aurum Solutions also helped Octopus expand the platform's use to include client asset reconciliations and data cleansing, delivering a strong return on investment and significantly mitigating risk.

Octopus Investments