DOO Clearing has picked Aurum Solutions to automate its reconciliations.
The integration of Aurum’s automation software is said to enable DDO Clearing to better comply with client asset sourcebook (CASS) regulations by reconciling transactions with greater speed and accuracy.
Aurum’s automation also aims to eliminate the risk of human error that occurs within manual reconciliation processes, as well as reduce operational workload.
Nadine Howard, CEO and director at DOO Clearing, comments: “Automating our reconciliations has been game-changing in getting valuable time back and enhancing productivity. This has given us — and the FCA — the confidence that we’re fully compliant and freed up our team to focus on delivering value for our customers.”
Tiago Veiga, CEO at Aurum Solutions, adds: “Manual reconciliation is a huge headache for finance teams. Automating this process achieves a far greater level of operational efficiency and accuracy, which is critical for meeting stringent regulatory requirements like CASS.”
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