AutoRek and Grant Thornton announce Strategic Alliance

London - 11 February 2015

AutoRek, a leading global provider of financial data management solutions, today announced a strategic alliance with Grant Thornton UK LLP, the financial and business adviser, to enable customers to achieve optimal performance across their financial controls and reporting processes.

This collaboration merges innovative financial data management solutions with industry-leading knowledge of financial processes and systems, enabling companies to meet the demands of an ever-increasing regulatory and financial controls landscape.

"Financial Services businesses have never been under so much regulatory scrutiny." commented Gordon McHarg, Managing Director at AutoRek. "This exciting new alliance is a significant step in our mission to provide best-in-class financial controls and reporting solutions for our customers. I am delighted that companies can benefit from the extensive knowledge of the Financial Services Advisory team at Grant Thornton, which coupled with our leading-edge software, provides a unique and powerful financial controls offering across the sector."

"Helping our Financial Services clients address their regulatory commitments in a cost optimal manner is what we do.  Data underpins much of this effort.  By combining Grant Thornton's proven consulting and regulatory expertise with AutoRek's powerful data management software, we are able to offer a complete data-centric solution to our clients." stated Derek Taylor, Partner at Grant Thornton UK LLP. "We are delighted to be working with one of the global leaders in this space."

Under this alliance, the Financial Services Advisory team at Grant Thornton will provide leading consulting and implementation services for regulatory reporting and compliance challenges, including FCA Client Money, and FATCA/CRS. AutoRek's high-performance product suite will provide the advanced matching, workflow, escalation, reporting, audit functionality and management information to enable these efforts.