23 October 2016
Visit dh.com

Octopus rolls out Aurum Solutions GroupIT

17 September 2012  |  1002 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)

Related blogs

Create a blog about this story (membership required)
Find out moreFind out more

Top topics

Most viewed Most shared
The bank of the future will be invisible - KPMGThe bank of the future will be invisible -...
35006 views comments | 124 tweets | 229 linkedin
New EU rules could cost UK firms £122bn in cybersecurity fines - PCI SSCNew EU rules could cost UK firms £122...
10764 views comments | 31 tweets | 37 linkedin
Barclays and Citi test blockchain tech for equity swaps processingBarclays and Citi test blockchain tech for...
8508 views comments | 26 tweets | 19 linkedin
ING takes fintech startup route to UK relaunchING takes fintech startup route to UK rela...
7018 views comments | 29 tweets | 22 linkedin
Indian banks hit by massive ATM breachIndian banks hit by massive ATM breach
6703 views comments | 16 tweets | 25 linkedin

Featured job

to Six-Figure Base, Bonus, Benefits
London, UK

Find your next job