AutoRek reports 23% rise in turnover as financial management moves up the corporate agenda
Glasgow, U.K. – 12th September 2012 – AutoRek, the financial data management company, today announced financial results which reveal that total revenue increased 23 percent for the year ended 31st January 2012. This marks the second year in a row that AutoRek has achieved double-digit growth, following rising demand for tools that collate complex financial information to provide a holistic view of business performance.
AutoRek continued to cement its status as a fast-growing company, with the opening of a third office in London aimed at maintaining customer-service levels for large blue-chip organisations based in the City. The firm also drove forward ambitious business expansion plans, growing its workforce by 60%, including the notable appointments of Jim McGivern as Senior Business Consultant, and Dean Shortt as Senior Account Manager, both of whom have valuable expertise in best practice for financial management and regulatory compliance.
Gordon McHarg, managing director at AutoRek, comments on the rise in turnover: “I’m very pleased with our results for the last year. These figures reflect the huge effort that our people have made to drive development and continue building confidence in our services. Over the last year, we have seen financial management rise on the corporate agenda as we continued to invest in new products and propositions that help organisations handle challenges surrounding new compliance regulations such as FATCA, PPI and client money.”
Reflecting on the future, Gordon says: “Over the next year, we anticipate that organisations will look for new ways to approach financial management, and we are well positioned to take advantage of the latest market trends. Going forward, we’ll set our sights on helping organisations by focusing on practical products, such as reconciliation software and cash allocations, that enable companies to sort out real problems and deliver tangible benefits back to the business.”
About AutoRek
AutoRek is a leading global provider of expert financial data management software. AutoRek’s solutions incorporate high performance reconciliation software, cash applications and compliance products – enabling reduced costs and increased control and visibility over the entire financial process. AutoRek can be contacted in the United Kingdom at their Head Office on 193-197 Bath Street, Glasgow, G2 4HU (Tel: +44(0) 141 229 5300). www.autorek.com.
