Case Study: Principality Building Society fast-tracks reconciliation with Aurum Solutions

Principality Building Society cuts reconciliation time by 25% with Aurum Solutions

Principality Building Society, a mid-size banking institution, faced a challenge in manually reconciling high volumes of transactions across 20 different accounts, a time-intensive process that used spreadsheets. To improve efficiency and scalability, they sought an automation solution and partnered with Aurum Solutions to implement its Automated Reconciliation Software.

Aurum Solutions delivered a tailored, on-premise reconciliation platform that configured bespoke matching rules for all 20 accounts. This solution from Aurum decreased time spent on reconciliation by 25%, reducing the daily matching process from two hours to just thirty minutes, while also ensuring high security and enabling faster onboarding for new team members.

Principality Building Society