30 May 2015
Your browser is unable to support Flash files.

Octopus rolls out Aurum Solutions GroupIT

17 September 2012  |  873 views  |  0 Source: Aurum Solutions

Octopus, which provides innovative investment solutions to UK investors and a wide range of funding options for exceptional companies, has implemented Aurum Solutions' GroupIT for its reconciliation applications.

Founded in 2000, Octopus is one of the UK's fastest growing fund management companies. With more than £2.7 billion assets under management Octopus faces increasing transaction volumes. The company wanted to continue its successful development by gaining efficiency in its reconciliation processes - a vital element of the company's financial operations.

Octopus chose Aurum Solutions' GroupIT, a powerful and flexible software application, which is easily configured to allow different reconciliation processes to be managed within a single central database.

The successful installation of GroupIT provides Octopus with a live view of all data feeds and the overall reconciliation status. All of this is presented on a single display screen.

Peter Orsi, Operations Manager at Octopus, said: "Given the rapidly increasing number of transactions that Octopus is making, it was vital for us to achieve a fast, trouble-free transition to an automated reconciliation process. Aurum Solutions exceeded our expectations and it has integrated the complete solution that does exactly what we want. We are delighted with the result and the benefits it is bringing to our investment operations team."

Aurum Solutions' Managing Director Helen Belcher said: "We are extremely proud to have Octopus as a satisfied customer. We are really excited to see the value that GroupIT's performance and efficiency can bring to businesses like Octopus that have significant transaction volumes and reconciliation needs." 

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Related blogs

Create a blog about this story (membership required)

Top topics

Most viewed Most shared
Google unveils Android Pay
5969 views comments | 24 tweets | 27 linkedin
CBA to test Ripple for intra-bank transfer...
5514 views comments | 25 tweets | 21 linkedin
Anti-Money Laundering From False Positives...
5505 views 0 | 1 tweets | 1 linkedin
eBay and Village Capital run accelerator f...
5376 views comments | 10 tweets | 4 linkedin
Visa Europe opens innovation hub in Israel
5137 views comments | 19 tweets | 9 linkedin

Featured job

to £120K base ($185K base) + bonus, benefits
London or New York City (UK or USA)

Find your next job